The waste to energy (WTE) market is set to witness massive growth through 2030 owing to an upsurge in demand for clean energy. In addition, technological advancements for safer power generation, along with government initiatives for zero-waste economy policies and waste recycling, are likely to boost market growth through the forecast period.

Notably, major players in the field have been adopting profitable strategies, as well as focusing on product innovation to gain a better business standing, thereby improving overall waste to energy (WTE) market dynamics. For instance, in June 2022, Newcleo, a UK-based nuclear energy startup, laid out its plans to utilize plutonium waste to produce energy. For this purpose, the firm intended to use untreated nuclear fuel waste that is currently stored at Sellafield, Cumbria.

To cite another instance, in May 2022, Capstone Green Energy Corporation, an on-site resilient green energy solutions expert, announced that it had received orders for two waste-to-energy projects in Italy. Capstone agreed to deploy three of its C65 microturbines at two wastewater treatment plants. When commissioned in December 2022, these microturbines would use biogas or green waste generated on-site to produce clean energy.

Furthermore, growing emphasis on clean power generation has been favorable for waste to energy (WTE) market adoption in key regions. In June 2022, Paraguay announced the construction of a biofuel plant that would be the largest in the South American continent. The project is being promoted by BSBIOS, the Brazilian renewable energy company.

In another recent instance, the East Suffolk and North Essex Foundation Trust recycled 115 tons of food waste to generate power by using the WasteMaster system, which is run by Green Eco technologies.

The waste to energy (WTE) market has been bifurcated on the basis of technology and region.

Based on technology, the market has been segregated into thermal and biological. The thermal section has been further categorized into pyrolysis & gasification and incineration. The pyrolysis & gasification segment is likely to witness robust growth through the assessment timeframe supported by stringent government efforts to promote optimal utilization and integration of sustainable power generation sources. The incineration segment is slated to grow at around 6.8% CAGR by 2030 on account of notable developments in the field.

In the context of region, apart from Europe, North America, and Asia Pacific, the waste to energy (WTE) market in the rest of the world is set to observe considerable expansion over the forecast timeline. Rising foreign investment across the commercial sector, coupled with mounting need to reduce greenhouse gas (GHG) emissions, is primed to drive regional market development in the upcoming period.