Press release
Global Waste To Energy Market: Key Growth Drivers, Trends, and Opportunities from 2025 to 2034
Waste To Energy Market Share
The global waste to energy market reached a value of nearly $37.77914 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.57% since 2019. The market is expected to grow from $37.77914 billion in 2024 to $54.95640 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 $80.40989 billion in 2034.
What strategies are being adopted by key players in the waste-to-energy market?
The key players in the market are adopting extensive strategies in the waste-to-energy market such as:
• Strengthen business expertise by forming strategic partnerships.
• Drive business expansion through strategic acquisitions.
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To take advantage of opportunities, The Business Research Company suggests that waste-to-energy companies enhance offerings:
• Innovate to improve efficiency, minimize environmental impact, and enhance sustainable waste management.
• Develop new facilities to increase waste processing and energy conversion capacity.
• Launch pilot programs to divert used diapers and wipes from landfills and convert them into renewable energy.
• Support renewable energy initiatives, including WTE projects, to drive global sustainability and meet rising energy demands.
• Adopt strategic partnerships to enhance technological integration and expand market reach.
What Is Waste-To-Energy: Market Overview?
Waste-to-energy refers to the process of generating energy in the form of electricity or heat from the treatment of various types of waste. This market plays a crucial role in both waste management and energy production by converting non-recyclable waste materials into usable energy, thereby reducing landfill dependency and contributing to sustainable energy solutions.
Waste-to-energy (WTE) facilities play a crucial role in modern municipal waste management systems by processing non-recyclable and non-compostable waste to generate energy. These facilities convert waste into electricity, heat, or fuel through various methods such as incineration, gasification, and anaerobic digestion. The energy produced is typically integrated into the power grid or used for district heating, reducing dependence on fossil fuels and contributing to a more sustainable energy mix. In addition to energy recovery, WTE facilities help minimize landfill use, lower greenhouse gas emissions, and enhance overall waste management efficiency. They complement traditional waste disposal methods, including landfilling and recycling, by handling residual waste that cannot be effectively reused or repurposed. This integration supports circular economy initiatives by reducing waste volumes and recovering valuable energy resources.
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Who Are The Major Companies Operating In The Global Waste-To-Energy 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
• 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.
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