Waste to Energy (WTE) or energy-from-waste is the process of generating energy in the form of electricity and/or heat from the incineration of waste. The energy produced from this process is close to that produced from coal, natural gas, oil, or other processes. The waste to energy cycle is projected to reduce landfill municipal solid waste (MSW) by 90 percent, which will further reduce the emissions of carbon dioxide (CO2) produced by the waste.
Global waste to energy market size was valued at USD 17,271.4 Million in 2017 and is projected to reach USD 27,700.8 Million by 2025, growing at a CAGR of 6.1% from 2018 to 2025.
This report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities along with a strategic assessment of the global waste to the energy market.
Waste to energy market share analysis
Thermal technologies have emerged as the leading technology employed to produce energy from waste. In 2019, the segment generated 87 percent of total market revenue.
Asia-Pacific is projected to witness the highest growth rate from 2018 to 2025, mainly due to the rise in demand for energy. The rise in industrialization, coupled with rapid urbanization activities in emerging economies such as China and India, is expected to drive the market during the forecast period.
In 2017 Europe, in terms of sales, retained the leading waste to the energy market share. This dominance is attributed to the rise in the production of municipal solid waste (MSW), combined with the increase in energy demand. This region is investing heavily in developing renewable energy production.