Waste to Energy Market Set for Steady Growth to USD 68.7 Billion by 2031, Led by Asia Pacific's 45% Global Market Share | DataM Intelligence​

The Global Waste to Energy Market reached USD 38.5 billion in 2023 and is expected to reach USD 68.7 billion by 2031, growing at a steady CAGR of 7.5% during 2024-2031.

Market growth is fueled by the rising need for sustainable waste management, increasing adoption of renewable energy solutions, and government initiatives promoting energy recovery from municipal and industrial waste. Additionally, advancements in combustion and gasification technologies, along with growing urbanization and waste generation, are further accelerating market expansion.

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United States: Key Industry Developments
✅ November 2025: Covanta Energy commissioned a new advanced gasification waste-to-energy plant in California, converting municipal solid waste into syngas for clean electricity generation while capturing over 90% of emissions.​

✅ October 2025: Veolia North America launched an upgraded anaerobic digestion facility in New York, boosting biogas production from organic waste by 25% to support grid-scale renewable energy.​

✅ September 2025: The U.S. Department of Energy awarded grants for Anaergia's waste-to-energy project in Texas, integrating AI-optimized sorting to enhance RDF combustion efficiency.​

Asia Pacific / Japan: Key Industry Developments
✅ November 2025: Japan's Hitachi Zosen Corporation opened a high-efficiency incineration plant in Tokyo, achieving 85% energy recovery from urban waste under stricter emission standards.​

✅ October 2025: South Korea's GS Engineering expanded its waste-to-energy portfolio with a plasma arc facility in Seoul, converting hazardous waste into hydrogen-rich syngas for industrial use.​

✅ September 2025: Kao Corporation partnered with local governments in APAC for a modular waste-to-biogas initiative, deploying pilot units in Indonesia to process agricultural waste sustainably.​

Key Merges and Acquisitions(2025):
✅ Republic Services - allocated USD 1 billion for strategic acquisitions in 2025 following multiple 2024 deals, enhancing its waste-to-energy portfolio and scaling operations across key markets.​

✅ Ecogensus - acquired two recycling facilities in May 2025 for an undisclosed amount, advancing U.S. expansion in sustainable waste-to-value solutions tied to energy recovery.​

✅ Waste Connections - pursued bolt-on growth in waste management with ties to waste-to-energy, building on prior acquisitions like Secure Energy Services to strengthen sector presence.

Market Segmentation Analysis:
-By Technology: Thermal Leads with Dominant Share
Thermal technology holds 69% market share as of 2025, driven by incineration and gasification processes that efficiently convert high-volume waste into electricity and heat.​
This segment excels in urban areas with abundant municipal solid waste, reducing landfill use while meeting energy demands through reliable power generation.
Biological processes, including anaerobic digestion, capture about 25% share, focusing on organic waste for biogas production with lower emissions. Others, like physical methods, account for 6%, serving niche applications.​

-By Waste: Solid Waste Commands Majority
Solid waste dominates with 69% market share in 2025, primarily municipal solid waste (MSW) due to its widespread availability and suitability for thermal conversion at a 7.1% CAGR.​
Liquid waste, around 20%, involves wastewater treatment via biological digestion for biofuel recovery in industrial settings.
Gaseous waste takes 11%, targeting landfill emissions through capture technologies for methane-to-energy conversion.​

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Growth Drivers:
-Increasing waste generation from rapid urbanization, industrialization, and population growth drives demand for efficient waste management solutions that convert non-recyclable waste into energy.​

-Stringent environmental regulations and government policies promote waste-to-energy adoption to reduce landfill use, control carbon emissions, and minimize greenhouse gases.​

-Rising global energy demand and shift toward renewable sources position waste-to-energy as a reliable alternative, reducing fossil fuel dependence.​

-Technological advancements in thermal and biological conversion methods, such as incineration, pyrolysis, gasification, and anaerobic digestion, improve efficiency and scalability.​

-Growing focus on sustainability, circular economies, and biofuel production from waste enhances market potential while supporting clean energy goals.​

Regional Insights:
-Asia Pacific leads the Waste to Energy market with the highest regional share, approximately 45% in recent years, driven by rapid urbanization, massive waste generation in countries like China and India, and supportive government policies promoting renewable energy from municipal solid waste. This dominance is fueled by investments in incineration and biogas plants amid growing energy demands and landfill constraints.​

-Europe follows closely with around 30% market share, bolstered by stringent EU regulations on waste management, circular economy initiatives, and advanced thermal technologies in nations such as Germany, Sweden, and the UK. The region's focus on reducing landfill use and achieving net-zero goals has spurred widespread adoption of waste-to-energy facilities.​

-North America accounts for about 25% of the global market, with the U.S. holding a significant portion at roughly 24.6%, supported by established infrastructure, federal incentives for renewables, and high operational capacities in the Northeast. Key players like Covanta drive growth through incineration and emerging gasification projects addressing landfill shortages.

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Key Players:
Covanta Energy | China Everbright | Suez Environment (SITA) | Veolia Environmental | Viridor | Keppel Seghers Belgium N.V. | MVV Energie AG | China Metallurgical Group | Fluence Corporation | Waste Management Inc.

Key Highlights (Top 5 Key Players) for Waste to Energy Market:
-Covanta Holding Corporation reported approximately USD 2.1 billion in total revenue for 2024, with its waste-to-energy segment contributing over 80% through operations at more than 40 facilities across North America.​

-Veolia Environmental Services generated around USD 45 billion in group revenue in 2024, with waste-to-energy plants accounting for a significant portion via incineration and biogas projects globally.​

-China Everbright Environment Group achieved roughly USD 10 billion in annual revenue, driven by extensive waste-to-energy infrastructure in Asia including thermal treatment and landfill gas recovery.​

-Suez Environment (now part of Veolia) posted about USD 20 billion in pre-merger revenue, featuring key waste-to-energy contributions from European and Asian incineration facilities.​

-Waste Management Inc. recorded USD 20.4 billion in total 2024 revenue, with its waste-to-energy and renewable natural gas initiatives expanding through acquisitions and landfill biogas capture.​

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