Market Size of Waste-to-Energy (WtE) Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 58.40 Billion |
| Market Size (2029) | USD 83.25 Billion |
| CAGR (2024 - 2029) | 7.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Waste to Energy (WTE) Market Analysis
The Waste-to-Energy Market size is estimated at USD 58.40 billion in 2024, and is expected to reach USD 83.25 billion by 2029, growing at a CAGR of 7.35% during the forecast period (2024-2029).
- Over the medium term, factors such as increasing amount of waste generation and growing concern for waste management to meet the need for sustainable urban living, and increasing focus on non-fossil fuel sources of energy are driving the demand for the waste-to-energy market.
- On the other hand, the expensive nature of incinerators, particularly as energy prices decline and several plants are unable to cover operating costs. This poses a threat to the waste-to-energy market during the forecast period.
- Nevertheless, emerging waste-to-energy technologies, such as Dendro Liquid Energy (DLE), which is four times more efficient in terms of electricity generation, with additional benefits of no emission discharge and effluence problems at plant sites, are expected to create significant opportunities for the market players, over the coming years.
- Asia-Pacific is expected to dominate the market across the world, with the majority of demand coming from the countries such as China, India, and Japan.
