Market Size of Asia-Pacific Waste-to-Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Waste-to-Energy Market Analysis
Asia-Pacific waste-to-energy market is expected to grow at a CAGR of greater than 2.5% during the forecast period. With the increasing rate of municipal waste generation, the countries around the region are giving emphasis on reducing the waste by utilizing it to generate energy in the form of methane. Using the municipal waste to generate substantial energy in the form of heat and electricity can help to stabilize the increasing carbon footprint, that are getting generated by burning various fossil fuels such as coal and natural gas to produce energy. Organic waste, a form of municipal waste, is the largest form of waste that is mostly getting generated from the developing nations in the region, accounts nearly 53% of the total waste generates annually in the region. Waste to Energy (WtE) implies a set of technologies that treat municipal waste to extract energy in the form of heat and electricity. Uses of the technologies also help to obtain biogas as an alternate form of fuel. The drivers of the market are the increasing dumping and open burning of wastes that directly or indirectly impact human health and the environment. However, WtE plants produce ash that needs to be disposed of safely, usually in landfills that are lined with barriers to prevent ground water contamination.
- Incineration is one of the prominent waste to energy technology. During the year 2018, the technology nearly covered almost 40% of the total waste to energy installations in the region.
- Waste generation is overgrowing in the region with the increasing population. By 2050, Asia-Pacific is expected to have around 1.3 billion tonnes of waste. Moreover, daily per capita waste generation in the region is expected to get increase by nearly 40% by 2050. Thus, increasing municipal waste volume and increasing demand for energy in the region is expected to create an opportunity for the waste-to-energy market in the near future.
- China is one of the prominent countries in the WtE market, with Shanghai as the major city that process the highest waste to generate energy for heat and electricity purpose. The country produces an annual amount of over 220 million tons of municipal waste per year.
