PUBLISHER: Grand View Research | PRODUCT CODE: 1588656
PUBLISHER: Grand View Research | PRODUCT CODE: 1588656
The global waste to energy market size is expected to reach USD 68.0 billion by 2030, ascending at a CAGR of 8.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing power demand from end-use industries along with favorable regulatory policies regarding waste disposal and utilization for clean energy are likely to strengthen the market over the forecast period.
Governments are emphasizing on the development of alternate energy production sources such as Waste to Energy (WTE) plants owing to surging power demand along with the rapid depletion of conventional energy sources. In addition, increasing landfilling prices and limited space are among the primary factors responsible for driving the market over the forecast period.
Asia Pacific economies such as China have become high potential markets for waste-to-energy technologies owing to the generation of industrial waste at a huge level. Moreover, Japan is expected to follow a more aggressive approach than China regarding the implementation of WTE technology across the country. It aims to provide combination packages including additional services such as waste reduction, waste sorting, and recycling. These trends are anticipated to positively influence the market over the forecast period.
Industry players are emphasizing on technological advancements and innovations in order to reduce the technology cost associated with waste-to-energy plants, boosting the commercialization of WTE technology. In addition, market participants practice vertical integration in order to strengthen the services. Companies do a tie-up with municipal solid waste providers for the distribution of waste sources.