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Market value of Waste to Energy Market by Technology - Thermal, in Japan (2017 - 2025, USD Millions)

Industry: Environment & Waste Management
Current: Market Sizing & Shares

The Market value of Waste to Energy Market by Technology - Thermal, in Japan reached USD 4,348.19 Millions in 2020
The indicator recorded a historical growth (CAGR) of ...
GlobalData projects the indicator to grow ...

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Market value of Waste to Energy Market by Technology - Thermal, in Japan (2017 - 2025, USD Millions)

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Waste Disposal or Waste Management is one of the major issues faced by countries, especially given the growing population, rapid urbanization, and economic growth. The majority of the countries face problems related to the limited availability of land for landfill sites which makes it necessary for local bodies/governments to use different waste management techniques.

Waste to Energy (WTE) is one of the solutions to the waste disposal problems as it reduces the volume of waste going into landfills by 90%. Waste to Energy turns waste into ash thus reducing volume but is also one of the several imperatives for sustainable waste management. WTE systems can be an effective supplement to fossil fuel-based power, generating renewable energy and revenue for local bodies. It is a process to turn waste into a fuel source that can be used to generate electricity. WTE is considered a renewable source and can be converted into energy using thermal or biological techniques. A process like incineration where waste goes through a thermal reaction to produce heat or energy can be considered as a thermal process to convert waste to energy. Processes like Anaerobic digestion where waste is converted into compost and then to gas are biological processes.

The global Waste to Energy – Thermal market is projected to grow given the increase in consumption and issues of limited land availability will drive governments to set up WTE plants. The countries leading the Waste to Energy – Thermal market are China, the United States of America, Japan, Germany, and the United Kingdom. Japan is one of the largest Waste to Energy – Thermal markets in the world, valued at $4,536 million in 2021, with the country processing over 21,932 thousand tonnes of waste into energy. The market grew at a compounded annual growth rate of 5.7% between 2017 and 2021 in terms of value, while the underlying volume grew at a CAGR of 2.6% during the same period. The country’s Waste to Energy – Thermal market is expected to grow as the country aims to achieve its sustainability targets.