Waste to Energy Market Size, Share, Trends, Industry Analysis Report: By Technology (Thermal and Biological), Application, Waste Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

List of Tables

The global waste to energy market size is expected to reach USD 92.42 billion by 2034, according to a new study by Polaris Market Research. The report "Waste to Energy Market Size, Share, Trends, Industry Analysis Report: By Technology (Thermal and Biological), Application, Waste Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Waste to energy technologies convert various types of waste, including municipal solid waste (MSW), industrial waste, and agricultural residues, into usable forms of energy such as electricity, heat, and biofuels. The primary methods employed in WTE processes include thermochemical and biochemical technologies. Thermochemical processes, which encompass incineration, gasification, and pyrolysis, dominate the market due to their efficiency in converting waste into energy while significantly reducing its volume by as much as 90% in some cases. Biochemical methods, particularly anaerobic digestion, are gaining applicability as well, especially for organic waste materials that can be converted into biogas.

The increasing global population and urbanization are driving the demand for energy, which is anticipated to propel the waste to energy market revenue. Waste-to-energy facilities provide an effective solution to generate energy as well as divert waste from landfills. This dual benefit aligns with global sustainability goals and helps mitigate environmental impacts associated with traditional waste disposal methods.

Government initiatives and policies are also propelling the waste to energy market expansion. Many countries are implementing stringent regulations on waste disposal and encouraging the adoption of renewable energy sources. Subsidies, tax incentives, and other financial funding are being provided to promote investment in WTE infrastructure. For instance, the European Union has set ambitious recycling and waste reduction targets under its Circular Economy Action Plan, supporting the regional WTE market. Similarly, developing nations, particularly in Asia and Africa, are investing in WTE projects to manage waste challenges and meet energy deficits.

Waste to Energy Market Report Highlights

In terms of waste type, the municipal solid waste segment held the largest waste to energy market share in 2024 due to the rapid increase in urban population and consumption patterns, particularly in developing and densely populated countries.

Based on application, the energy generation segment accounted for the largest market share in 2024 due to the growing global demand for renewable and reliable energy sources.

In the global market, Europe dominated the global waste to energy market share in 2024, driven by its advanced waste management infrastructure and stringent environmental policies.

Asia Pacific is expected to be the fastest-growing region during the forecast period due to rapid industrialization, urbanization, and increasing waste generation in densely populated countries such as China and India.

Some of the global key market players are Hitachi Zosen Inova AG; Suez; Covanta Holding Corporation; China Everbright International Limited; Veolia; Abu Dhabi National Energy Company PJSC; Ramboll Group A/S; Babcock & Wilcox Enterprises, Inc.; Wheelabrator Technologies Inc.; and Xcel Energy Inc

Polaris Market Research has segmented the waste to energy market report on the basis of technology, application, waste type, and region:

By Technology Outlook (Revenue - USD Billion, 2020-2034)

Thermal
Incineration
Pyrolysis
Gasification
Biological
Anaerobic Digestion

By Application Outlook (Revenue - USD Billion, 2020-2034)

Electricity Generation
Heat Production
Fuel Production

By Waste Type Outlook (Revenue - USD Billion, 2020-2034)

Municipal Solid Waste
Industrial Waste
Agricultural Waste

By Regional Outlook (Revenue - USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM3132

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source

4. Global Waste to Energy Market Insights

4.1. Waste to Energy Market - Market Snapshot
4.2. Waste to Energy Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Growing Urbanization Worldwide
  - 4.2.1.2. Advancement in Waste-to-Energy Technologies
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High setup cost
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Waste to Energy Market Trends
4.6. Value Chain Analysis

5. Global Waste to Energy Market, by Technology

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
5.3. Thermal
- 5.3.1. Global Waste to Energy Market, by Thermal, by Region, 2020-2034 (USD Billion)
- 5.3.2. Incineration
  - 5.3.2.1. Global Waste to Energy Market, by Incineration, by Region, 2020-2034 (USD Billion)
- 5.3.3. Pyrolysis
  - 5.3.3.1. Global Waste to Energy Market, by Pyrolysis, by Region, 2020-2034 (USD Billion)
- 5.3.4. Gasification
  - 5.3.4.1. Global Waste to Energy Market, by Gasification, by Region, 2020-2034 (USD Billion)
5.4. Biological
- 5.4.1. Global Waste to Energy Market, by Biological, by Region, 2020-2034 (USD Billion)
- 5.4.2. Anaerobic Digestion
  - 5.4.2.1. Global Waste to Energy Market, by Anaerobic Digestion, by Region, 2020-2034 (USD Billion)

6. Global Waste to Energy Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Waste to Energy Market, by Application, 2020-2034 (USD Billion)
6.3. Electricity Generation
- 6.3.1. Global Waste to Energy Market, by Electricity Generation, by Region, 2020-2034 (USD Billion)
6.4. Heat Production
- 6.4.1. Global Waste to Energy Market, by Heat Production, by Region, 2020-2034 (USD Billion)
6.5. Fuel Production
- 6.5.1. Global Waste to Energy Market, by Fuel Production, by Region, 2020-2034 (USD Billion)

7. Global Waste to Energy Market, by Waste Type

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Waste to Energy Market, by Waste Type, 2020-2034 (USD Billion)
7.3. Municipal Solid Waste
- 7.3.1. Global Waste to Energy Market, by Municipal Solid Waste, by Region, 2020-2034 (USD Billion)
7.4. Industrial Waste
- 7.4.1. Global Waste to Energy Market, by Industrial Waste, by Region, 2020-2034 (USD Billion)
7.5. Agricultural Waste
- 7.5.1. Global Waste to Energy Market, by Agricultural Waste, by Region, 2020-2034 (USD Billion)

8. Global Waste to Energy Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Waste to Energy Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Waste to Energy Market - North America
- 8.3.1. North America: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
- 8.3.2. North America: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
- 8.3.3. North America: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.3.4. Waste to Energy Market - U.S.
  - 8.3.4.1. U.S.: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.3.4.2. U.S.: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.3.4.3. U.S.: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.3.5. Waste to Energy Market - Canada
  - 8.3.5.1. Canada: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
8.4. Waste to Energy Market - Europe
- 8.4.1. Europe: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
- 8.4.2. Europe: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
- 8.4.3. Europe: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.4.4. Waste to Energy Market - UK
  - 8.4.4.1. UK: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.4.5. Waste to Energy Market - France
  - 8.4.5.1. France: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.4.6. Waste to Energy Market - Germany
  - 8.4.6.1. Germany: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.4.7. Waste to Energy Market - Italy
  - 8.4.7.1. Italy: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.4.8. Waste to Energy Market - Spain
  - 8.4.8.1. Spain: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.4.9. Waste to Energy Market - Netherlands
  - 8.4.9.1. Netherlands: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.4.10. Waste to Energy Market - Russia
  - 8.4.10.1. Russia: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.4.11. Waste to Energy Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
8.5. Waste to Energy Market - Asia Pacific
- 8.5.1. Asia Pacific: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.5.4. Waste to Energy Market - China
  - 8.5.4.1. China: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.5.5. Waste to Energy Market - India
  - 8.5.5.1. India: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.5.6. Waste to Energy Market - Malaysia
  - 8.5.6.1. Malaysia: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.5.7. Waste to Energy Market - Japan
  - 8.5.7.1. Japan: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.5.8. Waste to Energy Market - Indonesia
  - 8.5.8.1. Indonesia: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.5.9. Waste to Energy Market - South Korea
  - 8.5.9.1. South Korea: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.5.10. Waste to Energy Market - Australia
  - 8.5.10.1. Australia: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.5.11. Waste to Energy Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
8.6. Waste to Energy Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.6.4. Waste to Energy Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.6.5. Waste to Energy Market - UAE
  - 8.6.5.1. UAE: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.6.6. Waste to Energy Market - Israel
  - 8.6.6.1. Israel: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.6.7. Waste to Energy Market - South Africa
  - 8.6.7.1. South Africa: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.6.8. Waste to Energy Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
8.7. Waste to Energy Market - Latin America
- 8.7.1. Latin America: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.7.4. Waste to Energy Market - Mexico
  - 8.7.4.1. Mexico: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.7.5. Waste to Energy Market - Brazil
  - 8.7.5.1. Brazil: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.7.6. Waste to Energy Market - Argentina
  - 8.7.6.1. Argentina: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)
- 8.7.7. Waste to Energy Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Waste to Energy Market, by Technology, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Waste to Energy Market, by APPLICATION, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Waste to Energy Market, by WASTE TYPE, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Hitachi Zosen Inova AG
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Suez
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Covanta Holding Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. China Everbright International Limited
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Veolia
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Abu Dhabi National Energy Company PJSC
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Ramboll Group A/S
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Babcock & Wilcox Enterprises, Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Wheelabrator Technologies Inc.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Xcel Energy Inc.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development