Waste-to-Energy Market Scenario 2035

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Increasing Waste Generation and Energy Demand will Positively Impact the Global Waste-to-Energy Market at a CAGR of 4.76% during the Forecast Period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Waste-to-Energy Market” that contains information from 2019 to 2035. The Waste-to-Energy Market is estimated to register a CAGR of 4.76% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Waste-to-Energy Market — Veolia, Babcock & Wilcox Enterprises, Arrow Ecology Ltd., Axpo Holding AG, Biogen LTD, and Hitachi Zosen Inova AG.

Waste-to-Energy Market Highlights

The Global Waste-to-Energy Market is accounted for to register a CAGR of 4.76% during the forecast period and is estimated to reach USD 62.17 million by 2035, up from USD 47.34 million in 2025.

The market growth is driven by the increasing waste pileup, rising global population, rapid urbanization, and industrialization, which are collectively boosting the demand for efficient waste-to-energy (WTE) solutions. Waste-to-energy technologies such as incineration, gasification, and pyrolysis convert waste into usable forms of energy, addressing both energy demand and environmental sustainability.

The Asia-Pacific region holds the largest market share due to growing investments in WTE infrastructure and supportive government policies aimed at waste reduction and renewable energy generation. Countries like China, India, and Japan are investing heavily in new-generation WTE plants to manage municipal solid waste and reduce landfill dependency.

Also, new technologies like digitalization, IoT integration, and AI-based monitoring are making plants more efficient and better at running. More and more people are using waste-to-energy plants that are ready to capture carbon. These plants have two benefits: they produce clean energy and reduce emissions.

Segment Analysis

The Global Waste-to-Energy Market has been segmented based on Type of Waste, Technology, Application, and Region.

By Type of Waste:

Food Waste Segment: Dominated the global market in 2024, contributing significantly to energy production through anaerobic digestion and incineration.

Paper Segment: Projected to be the fastest-growing segment, driven by the increasing use of paper-based products and recycling initiatives.

By Technology:

Incineration Segment: Held the largest market share in 2024 and is projected to remain dominant throughout the forecast period. Incineration reduces waste volume by up to 90% and efficiently generates heat and electricity.

Gasification and Pyrolysis Segments: Expected to gain traction due to lower emissions and improved conversion efficiency.

By Application:

Electricity Generation Segment: Accounted for the largest share in 2024, as most WTE plants are integrated into national energy grids to supply renewable electricity.

Heat Generation Segment: Identified as the fastest-growing application, supported by the rising adoption of district heating systems in Europe and the Asia-Pacific.

Regional Analysis

By Region, the Waste-to-Energy Market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Asia-Pacific holds the largest market share, driven by strong government support, rapid urbanization, and increased energy demand. Major projects in China, Japan, India, and Singapore are expanding regional capacity.

Europe follows closely, supported by stringent regulations promoting waste recovery and renewable energy production. Countries like Germany, the UK, and Sweden have adopted advanced WTE technologies to achieve circular economy goals.

North America is witnessing steady growth as the U.S. and Canada focus on reducing landfill waste and enhancing renewable energy portfolios.

The Middle East & Africa and South America are emerging markets with growing investments in modern WTE facilities to address urban waste challenges and energy shortages.

Industry Developments

Q3 2024: Dubai launched the world’s largest WTE plant, capable of processing 1.9 million tonnes of waste annually and generating 200 MW of electricity.

Q3 2024: Veolia and EDF formed a strategic partnership to develop WTE projects across Europe, accelerating the circular energy transition.

Q2 2024: Covanta inaugurated a new WTE facility in Ireland, processing 600,000 tonnes of waste annually.

Q2 2024: Hitachi Zosen Inova won a contract to build a WTE plant in Taiwan, with a capacity of 400,000 tonnes per year.

Q2 2024: Ramky Enviro Engineers commissioned a 1,200-tonne-per-day WTE plant in Hyderabad, India, generating 19 MW of power.

Q2 2024: Singapore’s Tuas Nexus WTE facility began operations, processing 2,900 tonnes of waste daily for the national grid.

Q3 2024: JFE Engineering announced a new WTE project in Vietnam with a capacity of 500,000 tonnes annually.

Q2 2024: Varme Energy received $2.04 million funding for Canada’s first carbon-capture-ready WTE plant.

Q2 2024: EverEnviro Resource Management secured $50 million funding to expand WTE projects across India.

Q2 2024: JSW Energy acquired Mytrah Energy’s WTE assets to strengthen its renewable energy portfolio.

Key Findings of the Study

The Global Waste-to-Energy Market is expected to reach USD 62.17 million by 2035, at a CAGR of 4.76% during the forecast period.

Asia-Pacific accounted for the largest market share in 2024 and is projected to remain dominant throughout the forecast period.

Based on Type of Waste, the Food Waste segment held the largest market share in 2024.

Based on Technology, the Incineration segment dominated in 2024.

Based on the Application, Electricity Generation was the leading segment in 2024.

Veolia, Babcock & Wilcox Enterprises, Arrow Ecology Ltd., Axpo Holding AG, Biogen LTD, and Hitachi Zosen Inova AG are recognized as key market players.

Future Outlook

The Global Waste-to-Energy Market is projected to experience significant growth through 2035, driven by rising waste generation, regulatory support, and technological innovation.

Future opportunities include:

Investment in advanced anaerobic digestion and gasification technologies to improve biogas efficiency.

Development of public-private partnerships (PPPs) to expand integrated waste management infrastructure.

Exploration of emerging markets in developing regions for sustainable WTE projects.

By 2035, the Waste-to-Energy industry is expected to evolve as a critical pillar of the global circular economy, providing sustainable solutions for waste reduction, clean energy generation, and carbon neutrality.