Market Size of Southeast Asia Waste-to-Energy Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 3.74 Billion |
Market Size (2029) | USD 6.85 Billion |
CAGR (2024 - 2029) | 12.79 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Southeast Asia Waste-to-Energy Market Analysis
The Southeast Asia Waste-to-Energy Market size is estimated at USD 3.74 billion in 2024, and is expected to reach USD 6.85 billion by 2029, growing at a CAGR of 12.79% during the forecast period (2024-2029).
- Over the long term, the increasing amount of waste generation, 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 Southeast Asia Waste-to-Energy Market.
- Conversely, the high capital costs are expected to hinder market growth during the study period.
- Nevertheless, emerging waste-to-energy technologies, such as Dendro Liquid Energy (DLE), are expected to create significant opportunities for market players over the coming years. It is four times more efficient in terms of electricity generation, with the additional benefits of no emission discharge and effluence problems at plant sites,
- Malaysia is one of the fastest-growing countries in the Southeast Asian region. The country ramped up its efforts in improving waste management, in which waste-to-energy plays a key role.