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North America Waste to Energy Market Size (2024 - 2029)

The North American waste-to-energy market is poised for growth, driven by increasing waste generation and a shift towards sustainable urban living and non-fossil fuel energy sources. Despite challenges such as inadequate policies, high capital investment, and a rising recycling rate, technological advancements present promising opportunities for expansion. The market has rebounded to pre-pandemic levels, with the United States expected to lead in renewable electricity generation.

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Market Size of North America Waste to Energy Industry

North America Waste to Energy Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR > 7.50 %
Market Concentration Medium

Major Players

North America Waste to Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Waste to Energy Market Analysis

The North American waste-to-energy (WTE) market is expected to grow at a CAGR of more than 7.5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the long term, the increasing amount of waste generation, growing concern for waste management to meet the need for sustainable urban living, and increasing focus on non-fossil fuel sources of energy are driving the demand for the region's waste-to-energy market.
  • On the other note, the countries still need more suitable policies and regulations concerning WTE, and factors such as high capital investment and increasing the recycling rate of waste have been restraining the growth in the WTE market.
  • Nevertheless, technological advancements in the waste-to-energy sector are expected to create significant opportunities for plant operators in the near future.
  • The United States is expected to dominate the market during the forecast period, with the growing demand for renewable-based electricity generation.

North America Waste to Energy Industry Segmentation

Waste-to-energy (WTE) converts waste by-products into useful steam or steam-generated electricity. Typically, WTE is produced by recycling municipal solid waste (MSW), defined as residential and commercial refuse, making up the largest waste source in industrialized countries.

The North American waste-to-energy Market is segmented by Technology (Physical Technology, Thermal Technology, and Biological Technology) and Geography (United States, Canada, and the Rest of North America). The report also covers the market size and forecasts for the major countries' oil and gas pipeline market. For each segment, the market size and forecasts have been based on USD billion.

Technology
Physical Technology
Thermal Technology
Biological Technology
Geography
United States
Canada
Rest of North America
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North America Waste to Energy Market Size Summary

The North American waste-to-energy market is poised for significant growth, driven by increasing waste generation and a heightened focus on sustainable urban living and non-fossil fuel energy sources. Despite challenges such as high capital investment and the need for more supportive policies, technological advancements in the sector are expected to offer substantial opportunities. The United States is anticipated to lead the market, fueled by a growing demand for renewable-based electricity generation. Thermal technology, particularly waste incineration, is projected to hold the largest market share due to its efficiency in energy production, despite environmental concerns. Efforts to improve environmental sustainability through flue gas cleaning processes are helping to mitigate pollution and health risks associated with incineration.

The market landscape in the United States is characterized by a growing population and increasing waste, with power plants converting municipal solid waste into electricity and heat. Government policies aimed at reducing carbon emissions and promoting recycling are influencing the market dynamics, potentially impacting the incineration process. Recent developments, such as financial assistance programs for waste-to-energy facilities and innovative technologies like Kore Infrastructure's modular system, are supporting market expansion. Key players in the moderately fragmented market include Covanta Holding Corp, Waste Management Inc., Suez SA, Martin GmbH, and Wheelabrator Technologies Inc., all contributing to the sector's growth and evolution.

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North America Waste to Energy Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Technology

      1. 2.1.1 Physical Technology

      2. 2.1.2 Thermal Technology

      3. 2.1.3 Biological Technology

    2. 2.2 Geography

      1. 2.2.1 United States

      2. 2.2.2 Canada

      3. 2.2.3 Rest of North America

North America Waste to Energy Market Size FAQs

The North America Waste to Energy Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)

Waste Management, Inc , Suez SA , Martin GmbH, Wheelabrator Technologies Inc and Covanta Holding Corp are the major companies operating in the North America Waste to Energy Market.

North America Waste-to-Energy Market Report Snapshots

North America Waste to Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)