Asia Pacific Waste to Energy Management Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Asia Pacific Waste to Energy Management 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. 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.
Markntel Advisor’s Asia Pacific Waste to Energy Management Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Asia Pacific Waste to Energy Management Market drivers, barriers, Asia Pacific Waste to Energy Management Market Trends, and Key Players in Asia Pacific Waste to Energy Management Market.
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Asia Pacific Waste to Energy Management Market Dynamics: 2024-2030
Asia Pacific Waste to Energy Management Market Driver:
Increased Demand for Renewable Energy – The increasing demand for renewable energy in the Asia Pacific region is driving the growth of the waste-to-energy management market. With the higher consumption of energy and its requirement due to rapid urbanization and industrial growth coupled with a booming population, Asian Countries are looking for reliable, sustainable energy sources to meet this demand. With the high amount of waste piled up in both rural and urban areas, WtE presents a viable solution by converting waste into energy, thus contributing to the renewable energy mix. This will further help in the reduction of fossil fuels. The government policies, sustainability goals, and incentives in the Asia Pacific region further drive the demand for renewable energy. For Instance: By 2030, the South Korean Government has a target of producing 20% of energy from renewable sources including substantial investments in WtE projects.
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Asia Pacific Waste to Energy Management Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- 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)
- Municipal Solid Waste- Market Size and Forecast 2019-2030, (Thousand Tons)
- 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)
- Thermal – Market Size and Forecast 2019-2030, (Thousand Tons)
- 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
- Others
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Top Companies Operating in the Asia Pacific Waste to Energy Management Market:
- 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
- Others.
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