According to recent findings, the Asia Pacific Waste to Energy Market size is valued at USD 15 billion in 2024 and is projected to reach USD 25 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7% during the forecast period, i.e., 2024-30.
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Asia Pacific Waste to Energy Management Overview:
This growth is supported by various factors like rapid urbanization, rising waste generation, and a strong emphasis on sustainable waste management practices. With rapid urbanization and growing population in major countries like India & China followed by other Asia Pacific countries, there is an increase in waste generation which needs to be managed.
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Asia Pacific Waste to Energy Management Outlook and Future Trends :
Incineration Emerging as a Prominent Waste-to-Energy Conversion Technology - Incineration is increasingly recognized as a leading waste-to-energy (WtE) conversion technology in the Asia Pacific region. With the growing population in the region, the landfill space is getting limited and the waste is growing enormously. This is creating a surge for more effective waste volume reduction solutions like Incineration as it converts waste into ash, flue gases, and energy which significantly reduces the volume of waste. Tokyo's waste management system includes multiple incineration facilities that convert tons of waste into energy, minimizing landfill use. It has become a trend in Japan, China, and India, thereby showing robust growth during the forecast period. Japan has several advanced WtE facilities that use high-efficiency modern incineration methods. Modern incineration plants are equipped with advanced technology to efficiently convert waste into electricity and heat, contributing to local energy needs with stringent emission controls. The supportive government policies are boosting the incineration trend by promoting it as a part of their waste management strategies, recognizing its potential to address waste and energy challenges. Tuas Incineration Plant of Singapore supports the goal of sustainable energy use thereby converting waste into energy to power the national grid.
Global Asia Pacific Waste to Energy Management Segmentation Analysis:
By Type
- Municipal Solid Waste- Market Size and Forecast 2019-2030, (Thousand Tons)
- Residential- Market Size and Forecast 2019-2030, (Thousand Tons)
- Commercial & Institutional - Market Size and Forecast 2019-2030, (Thousand Tons)
- Construction & Demolition- Market Size and Forecast 2019-2030, (Thousand Tons)
- Other Municipal Waste- Market Size and Forecast 2019-2030, (Thousand Tons)
- Process Waste- Market Size and Forecast 2019-2030, (Thousand Tons)
- Agriculture Waste- Market Size and Forecast 2019-2030, (Thousand Tons)
- Medical Waste- Market Size and Forecast 2019-2030, (Thousand Tons)
- Others- Market Size and Forecast 2019-2030, (Thousand Tons)
According to reports, Out of all the waste types, Municipal Solid Waste is the largest shareholder in the Asia Pacific waste-to-energy market.
By Technology
- Thermal - Market Size and Forecast 2019-2030, (Thousand Tons)
- Incineration - Market Size and Forecast 2019-2030, (Thousand Tons)
- Pyrolysis - Market Size and Forecast 2019-2030, (Thousand Tons)
- Gasification - Market Size and Forecast 2019-2030, (Thousand Tons)
- Biological - Market Size and Forecast 2019-2030, (Thousand Tons)
- Physical - Market Size and Forecast 2019-2030, (Thousand Tons)
According to reports, In terms of technology, Thermal leads the Asia Pacific waste-to-energy market.
By Application
- Electricity - Market Size and Forecast 2019-2030, (Thousand Tons)
- Heat - Market Size and Forecast 2019-2030, (Thousand Tons)
- Combined Heat & Power Units - Market Size and Forecast 2019-2030, (Thousand Tons)
- Transport Fuels - Market Size and Forecast 2019-2030, (Thousand Tons)
- Others- Market Size and Forecast 2019-2030, (Thousand Tons)
By Countries
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Philippines
- Malaysia
- Australia
- Vietnam
According to reports, Japan and China hold the lion’s share in the Asia Pacific waste-to-energy market.
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Some of the Market players in the Global Asia Pacific Waste to Energy Management are:
- Hitachi Zosen Corporation
- Babcock & Wilcox Company
- Amec Foster Wheeler
- Veolia Environment S.A.
- Suez S.A.
- Waste Management Inc.
- C&G Limited
- Keppler Seghers
- Covanta Energy Corporation
- Evoqua Water Technologies
- Xcel Energy, Inc.
- Abu Dhabi National Energy Company PJSC
- MVV Energie AG
- China Jinjiang Environment Holding Co. Limited
- A2A SpA
- SCHMACK BIOGAS GMBH
- China Everbright International Limited
- Mitsubishi Heavy Industries Limited
- Shandong Wheelabrator Technologies Inc.
- Doosan Lentjes GmbH
Asia Pacific Waste to Energy Management Recent Development:
- In March 2024, Hitachi Zosen Corporation’s, Indian arm, city-based infrastructure player Vishnu Surya Projects and Infra Ltd. (VSIL), and Mumbai-based AG Enviro Infra Projects Pvt. Ltd., announced their entry into waste management in Chennai.
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