Overview and Scope
The waste-to-energy process refers to a technique that converts municipal solid waste, which is generated by industrial, commercial, and domestic sectors, into energy. The energy generated can be used directly by the plant or exported to the local utility or nearby businesses.
Sizing and Forecast
The waste to energy market size has grown strongly in recent years. It will grow from $35.44 billion in 2023 to $37.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to waste management challenges, energy security, regulatory incentives, public awareness, urbanization trends.
The waste to energy market size is expected to see strong growth in the next few years. It will grow to $49.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to circular economy initiatives, stricter environmental regulations, global commitment to renewable energy, technological integration with waste sorting, growing urbanization and waste generation. Major trends in the forecast period include increased emphasis on decentralized systems, collaboration with public and private sectors, advancements in technology, utilization of non-incineration technologies, strategic investments in research and development.
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Segmentation & Regional Insights
The waste to energy market covered in this report is segmented –
1) By Waste Type: Municipal Solid Waste, Agricultural Waste, Other Waste Types
2) By Technology: Thermal, Biochemical, Other Technologies
3) By Application: Heat, Electricity
Europe was the largest region in the waste to energy market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste to energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing efficient waste management is expected to propel the growth of the waste-to-energy market going forward. Efficient waste management refers to the proper segregation of waste at source and ensuring that the waste goes through different streams of recycling and resource recovery. The most efficient waste management solution will be the sustainable method of waste to energy that produces heat that can generate electricity. For instance, in November 2020, according to an article by the World Economic Forum, a Switzerland-based International Organization for Public-Private Cooperation, Wales aims to achieve zero waste by 2050, and the EU is looking at adopting a new target for 2030, thought to be at least 65%. Also, Germany has the best waste management rate in the world. Austria comes in second, followed by South Korea and Wales. All four countries manage between 52% and 56% of their municipal waste management. Switzerland, in fifth place, recycles almost half of its municipal waste. Therefore, increasing efficient waste management is driving the growth of the waste-to-energy market.
Key Industry Players
Major companies operating in the waste to energy market report are PayPal Holdings Inc., Fiserv Inc., Global Payments Inc., Mastercard Incorporated, Square Inc., Visa Inc., Paysafe Ltd., FIS Inc., ACI Worldwide Inc., Wirecard CEE, Jack Henry and Associates Inc., Stripe Inc., PayU LLC, CCBill LLC, Authorize.Net, Nelnet Business Solutions Inc., Rapyd Financial Network Ltd., Dwolla Inc., U.S. Bank National Association Inc., GoCardless Ltd., Melio Inc., Amazon Payments Inc., Podium Corporation, BlueSnap Inc., JPMorgan Chase & Co., Stax Inc., Payline Data LLC, Dharma Merchant Services LLC, Helcim Inc., Shopify Inc., Payoneer Inc., Gusto Holdings Inc., Freedom Financial Network LLC, Adyen N.V., Worldpay LLC, CyberSource Corporation, PaySimple Inc., PayJunction Inc., Paycor Inc., Paycom Software Inc., Heartland Payment Systems LLC, BluePay Processing LLC, Global Payments Inc., Vantiv LLC, Braintree LLC
The waste to energy market report table of contents includes:
- Executive Summary
- Waste To Energy Market Characteristics
- Waste To Energy Market Trends And Strategies
- Waste To Energy Market – Macro Economic Scenario
- Global Waste To Energy Market Size and Growth
- Waste To Energy Market Segmentation
- Waste To Energy Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Waste To Energy Market
- Waste To Energy Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Waste To Energy Market, Segmentation By Waste Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Waste To Energy Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Waste To Energy Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: PayPal Holdings Inc. Financial Performance
Table 75: Fiserv Inc. Financial Performance
Table 76: Global Payments Inc. Financial Performance
Table 77: Mastercard Incorporated Financial Performance
Table 78: Square Inc Financial Performance
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