This report describes and explains the waste to energy market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global waste to energy market reached a value of nearly $37.77 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.57% since 2019. The market is expected to grow from $37.77 billion in 2024 to $54.95 billion in 2029 at a rate of 7.78%. The market is then expected to grow at a CAGR of 7.91% from 2029 and reach $80.4 billion in 2034.
Growth in the historic period resulted from the increasing industrialization and favorable government initiatives. Factors that negatively affected growth in the historic period was high initial cost.
Going forward, the shift towards renewable energy, rapid urbanization, increasing efficient waste management and growing waste generation will drive the growth. Factor that could hinder the growth of the waste to energy market in the future include economic downturns.
The global WTE market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 18.14% of the total market in 2023. Veolia Environnement S.A. was the largest competitor with a 2.80% share of the market, followed by Suez SA with 2.75%, Shenzhen Energy Group Co. Ltd. with 2.67%, Tianjin Teda Environmental Protection Co. Ltd. with 2.43%, Reworld (Formerly Covanta Holding Corporation) with 1.96%, Grandblue Environment Co. Ltd. with 1.66%, Kanadevia Inova AG (Formerly Hitachi Zosen Inova) with 1.37%, Shanghai Environmental Group Co. Ltd. with 0.843X%, Xcel Energy Inc. with 0.836% and China Everbright Group Ltd. with 0.81%.
Western Europe was the largest region in the waste to energy market, accounting for 40.75% or $15.39 billion of the total in 2024. It was followed by Asia Pacific, North America and then the other regions. Going forward, the fastest-growing regions in the waste to energy market will be Asia Pacific and North America where growth will be at CAGRs of 8.78% and 7.49% respectively. These will be followed by Western Europe and Middle East where the markets are expected to grow at CAGRs of 7.14% and 6.76% respectively.
The waste to energy market is segmented by waste type into municipal solid waste, agriculture waste and other waste types. The municipal solid waste market was the largest segment of the waste to energy market segmented by waste type, accounting for 53.37% or $20.16 billion of the total in 2024. Going forward, the other waste types segment is expected to be the fastest growing segment in the waste to energy market segmented by waste type, at a CAGR of 9.01% during 2024-2029.
The waste to energy market is segmented by technology into thermal, biochemical and other technologies. The thermal market was the largest segment of the waste to energy market segmented by technology, accounting for 83.29% or $31.46 billion of the total in 2024. Going forward, the biochemical segment is expected to be the fastest growing segment in the waste to energy market segmented by technology, at a CAGR of 15.15% during 2024-2029.
The waste to energy market is segmented by application into electricity, transport fuels, combined heat and power (CHP) and heat. The electricity market was the largest segment of the waste to energy market segmented by application, accounting for 65.35% or $24.68 billion of the total in 2024. Going forward, the heat segment is expected to be the fastest growing segment in the waste to energy market segmented by application, at a CAGR of 11.31% during 2024-2029.
The top opportunities in the waste to energy markets segmented by waste type will arise in the municipal solid waste segment, which will gain $8.65 billion of global annual sales by 2029. The top opportunities in the waste to energy markets segmented by technology will arise in the thermal segment, which will gain $11.27 billion of global annual sales by 2029. The top opportunities in the waste to energy markets segmented by application will arise in the electricity segment, which will gain $9.39 billion of global annual sales by 2029. The waste to energy market size will gain the most in China at $3.43 billion.
Market-trend-based strategies for the waste to energy market include focus on innovating to improve efficiency, reduce environmental impact, and enhance the sustainability of waste management processes, focus on developing new facilities to expand their capacity for processing and converting waste into energy, focus on pioneering pilot programs aimed at diverting used diapers and wipes from landfills and converting them into renewable energy, focus on backing renewable energy projects from WTE to contribute to global sustainability efforts and meet growing energy demands by investing in WTE projects and focus on adopting a strategic partnership approach to enhance technological integration and expand market reach.
Player-adopted strategies in the waste to energy market include focus on enhancing business expertise through strategic partnerships and focus on business expansion through strategic acquisitions.
To take advantage of the opportunities, the analyst recommends the waste to energy companies to focus on advancing carbon capture technology, focus on expanding waste processing capacity, focus on expanding waste-to-energy initiatives for non-recyclable waste, focus on expanding renewable energy projects, focus on the other waste types segment, expand in emerging markets, continue to focus on developed markets, focus on expanding distribution through strategic partnerships, focus on competitive and scalable pricing models, focus on digital engagement, focus on industry-specific outreach and focus on targeting industrial and district heating consumers.
The global waste to energy market reached a value of nearly $37.77 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.57% since 2019. The market is expected to grow from $37.77 billion in 2024 to $54.95 billion in 2029 at a rate of 7.78%. The market is then expected to grow at a CAGR of 7.91% from 2029 and reach $80.4 billion in 2034.
Growth in the historic period resulted from the increasing industrialization and favorable government initiatives. Factors that negatively affected growth in the historic period was high initial cost.
Going forward, the shift towards renewable energy, rapid urbanization, increasing efficient waste management and growing waste generation will drive the growth. Factor that could hinder the growth of the waste to energy market in the future include economic downturns.
The global WTE market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 18.14% of the total market in 2023. Veolia Environnement S.A. was the largest competitor with a 2.80% share of the market, followed by Suez SA with 2.75%, Shenzhen Energy Group Co. Ltd. with 2.67%, Tianjin Teda Environmental Protection Co. Ltd. with 2.43%, Reworld (Formerly Covanta Holding Corporation) with 1.96%, Grandblue Environment Co. Ltd. with 1.66%, Kanadevia Inova AG (Formerly Hitachi Zosen Inova) with 1.37%, Shanghai Environmental Group Co. Ltd. with 0.843X%, Xcel Energy Inc. with 0.836% and China Everbright Group Ltd. with 0.81%.
Western Europe was the largest region in the waste to energy market, accounting for 40.75% or $15.39 billion of the total in 2024. It was followed by Asia Pacific, North America and then the other regions. Going forward, the fastest-growing regions in the waste to energy market will be Asia Pacific and North America where growth will be at CAGRs of 8.78% and 7.49% respectively. These will be followed by Western Europe and Middle East where the markets are expected to grow at CAGRs of 7.14% and 6.76% respectively.
The waste to energy market is segmented by waste type into municipal solid waste, agriculture waste and other waste types. The municipal solid waste market was the largest segment of the waste to energy market segmented by waste type, accounting for 53.37% or $20.16 billion of the total in 2024. Going forward, the other waste types segment is expected to be the fastest growing segment in the waste to energy market segmented by waste type, at a CAGR of 9.01% during 2024-2029.
The waste to energy market is segmented by technology into thermal, biochemical and other technologies. The thermal market was the largest segment of the waste to energy market segmented by technology, accounting for 83.29% or $31.46 billion of the total in 2024. Going forward, the biochemical segment is expected to be the fastest growing segment in the waste to energy market segmented by technology, at a CAGR of 15.15% during 2024-2029.
The waste to energy market is segmented by application into electricity, transport fuels, combined heat and power (CHP) and heat. The electricity market was the largest segment of the waste to energy market segmented by application, accounting for 65.35% or $24.68 billion of the total in 2024. Going forward, the heat segment is expected to be the fastest growing segment in the waste to energy market segmented by application, at a CAGR of 11.31% during 2024-2029.
The top opportunities in the waste to energy markets segmented by waste type will arise in the municipal solid waste segment, which will gain $8.65 billion of global annual sales by 2029. The top opportunities in the waste to energy markets segmented by technology will arise in the thermal segment, which will gain $11.27 billion of global annual sales by 2029. The top opportunities in the waste to energy markets segmented by application will arise in the electricity segment, which will gain $9.39 billion of global annual sales by 2029. The waste to energy market size will gain the most in China at $3.43 billion.
Market-trend-based strategies for the waste to energy market include focus on innovating to improve efficiency, reduce environmental impact, and enhance the sustainability of waste management processes, focus on developing new facilities to expand their capacity for processing and converting waste into energy, focus on pioneering pilot programs aimed at diverting used diapers and wipes from landfills and converting them into renewable energy, focus on backing renewable energy projects from WTE to contribute to global sustainability efforts and meet growing energy demands by investing in WTE projects and focus on adopting a strategic partnership approach to enhance technological integration and expand market reach.
Player-adopted strategies in the waste to energy market include focus on enhancing business expertise through strategic partnerships and focus on business expansion through strategic acquisitions.
To take advantage of the opportunities, the analyst recommends the waste to energy companies to focus on advancing carbon capture technology, focus on expanding waste processing capacity, focus on expanding waste-to-energy initiatives for non-recyclable waste, focus on expanding renewable energy projects, focus on the other waste types segment, expand in emerging markets, continue to focus on developed markets, focus on expanding distribution through strategic partnerships, focus on competitive and scalable pricing models, focus on digital engagement, focus on industry-specific outreach and focus on targeting industrial and district heating consumers.
Major Market Trends
- Carbon Capture Pilot to Decarbonize Waste-to-Energy Operations
- Construction of Advanced Waste-to-Energy Facility
- Launch of Waste-to-Energy Pilot Program for Used Diapers and Wipes
- Companies Invest in WTE Projects to Support Sustainability and Renewable Energy Goals
- Collaboration Between Companies to Boost Renewable Energy Initiatives in the WTE Market
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Waste to Energy Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market
9 Global Waste to Energy Growth Analysis and Strategic Analysis Framework
10 Global Waste to Energy Market Segmentation
11 Waste to Energy Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Recent Development in Waste to Energy
25 Opportunities and Strategies
26 Waste to Energy Market, Conclusions and Recommendations
27 Appendix
Executive Summary
Waste to Energy Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global waste to energy market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for waste to energy? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The waste to energy market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider waste to energy market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by waste type, by technology and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - the report provides an analysis of the interest rates, inflation, geopolitics and covid and recovery on the market.
- Growth Analysis and Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by waste type, by technology and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations This section includes recommendations for waste to energy providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Waste Type: Municipal Solid Waste; Agriculture Waste; Other Waste Types2) by Technology: Thermal; Biochemical; Other Technologies
3) by Application: Electricity; Transport Fuels; Combined Heat and Power (CHP); Heat
Key Companies Profiled: Veolia Environnement S.A.; Suez SA; Shenzhen Energy Group Co. Ltd.; Tianjin Teda Environmental Protection Co. Ltd.; Reworld (Formerly Covanta Holding Corporation)
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa.
Time Series: Five years historic and ten years forecast..
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; waste to energy indicators comparison..
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Waste to Energy market report include:- Veolia Environnement S.A.
- Suez SA
- Shenzhen Energy Group Co. Ltd.
- Tianjin Teda Environmental Protection Co. Ltd.
- Reworld (Formerly Covanta Holding Corporation)
- Grandblue Environment Co. Ltd.
- Kanadevia Inova AG (Formerly Hitachi Zosen Inova)
- Shanghai Environmental Group Co. Ltd.
- Xcel Energy Inc.
- China Everbright Group Ltd.
- Bamboo Capital Group
- SK ecoplant
- Toyota and Suzuki
- Nissan Co. Ltd
- Idemitsu Kosan Co. Ltd.
- Japan International Cooperation Agency (JICA)
- Canvest Environmental Protection Group Company Limited
- HydGene Renewables
- Blue Planet Environmental Solution India Pvt. Ltd
- Mahindra Waste to Energy Solutions Limited (MWTESL)
- Technip Energies
- Enerkem Inc.
- Danpower GmbH
- Steag group’s Iqony GmbH
- Rambøll Group A/S
- Wandschneider + Gutjahr Ingenieurgesellschaft mbH (W+G)
- Enfinium Ltd.
- Wasteer AI
- Hitachi Zosen Inova AG
- Martin GmbH
- Mitsubishi Heavy Industries Ltd
- Ramboll Group A/S
- Tana Oy
- EEW Energy from Waste
- Xcel Energy Inc.
- Covanta Holding Corporation
- Waste Management, Inc
- Wheelabrator Technologies Inc.
- Babcock & Wilcox Volund AS
- Bioeléctrica General Alvear Energía Sustentable
- Clean Energy Technologies, Inc.
- Green Energy Ventures LTDA
- ENGIE Solutions
- Abu Dhabi National Oil Company (ADNOC)
- Sadara Chemical Company
- Emirates Waste to Energy Company
- BESIX Group
- Tadweer Group
- H2-Industries
- Enviroserve
- Hassan Allam Utilities
- Reppie Waste-to-Energy
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 328 |
| Published | May 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 37.77 Billion |
| Forecasted Market Value ( USD | $ 80.4 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 53 |
