Global outlook on waste to energy market value 2017-2024

This statistic displays the waste-to-energy market worldwide in 2017 with a projection until 2024. In 2024, the market is expected to reach 42.74 billion U.S. dollars in value. The global market is expected to grow at a compound average growth rate of 6 percent from 2018 to 2024.

Waste to energy market – additional information

The global waste-to-energy market is expected to rise from 28.4 billion U.S. dollars in 2017 to almost 43 billion U.S. dollars in 2024. The incineration of municipal solid waste at temperatures of up to 2,000 Fahrenheit is now being used to form energy. This method has become increasingly popular in Europe as well as China and Japan. Due to stricter regulations and scrubbing technologies, modern incinerators do not release as much pollution as older models. Additionally, the diversion of waste away from landfills reduces the volume of methane emissions released from these landfills. However, some critics have questioned the industry’s claims to the reality of emission reductions. Investments in biomass and waste energy technology hit a recent high of 20 billion U.S. dollars in 2011 but have dropped to 4.7 billion U.S. dollars in 2017.

Currently, over half of the volume of municipal solid waste is discarded in the United States. The rest of household waste is either recovered or used to generate steam and electricity. Florida and New York are considered leaders in the waste energy industry, boasting 11 and 10 waste-to-energy facilities, respectively, as of 2016. There are some 86 waste-to-energy facilities in the United States. The country has gradually increased its consumption of waste energy from 397 to 482 trillion British thermal from 2006 to 2017. In Europe, there were already over 400 waste energy facilities and another 300 in the rest of the world.

Projected waste-to-energy market value worldwide from 2017 to 2024

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Source

Release date

August 2018

Region

Worldwide

Survey time period

2017

Supplementary notes

* Projections are based on a CAGR of 6 percent between 2018 and 2024.

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Statistics on "Waste energy in the U.S."

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