Market Size of Japan Waste to Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 12.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Waste to Energy Market Analysis
The Japanese waste-to-energy market is expected to register a CAGR of more than 12.6% during the forecast period (2022-2027). The COVID-19 outbreak negatively impacted Japan's waste-to-energy market. Even though municipal solid waste (MSW) is rising during the pandemic, commercial and industrial (C&I) waste declined sharply, resulting in the overall decline in quantity. Apart from the domestic reduction, the amount imported for processing also decreased. Factors such as economic development, industrialization, and increasing focus on non-fossil fuel energy sources have been driving the country's waste-to-energy market. However, the market has been restrained by the rising emissions of harmful gases and the expensive nature of incinerators, particularly as energy prices declined and several plants could not cover operating costs.
- Thermal technology is expected to dominate the waste-to-energy market, owing to the increasing development in incineration, gasification technologies, and the growing amount of waste generated.
- Increasing investments in aerobic and anaerobic digestion-related R&D activities to ensure reliability in terms of environmental effects are expected to provide lucrative opportunities for the market's growth in the future.
- Japan is focusing on improving its incineration technologies to reduce harmful emissions from waste to energy conversion, which is expected to drive the market during the forecast period.
