India Waste to Energy (WTE) Market Size Set to Touch USD 3.01 Billion by 2029

Published | 18 August 2023

India waste to energy (WTE) market is flourishing because of an increasing consumer preference for efficient waste to energy conversion methods, focus on reducing waste production rates, and a high demand for clean, sustainable, and energy-efficient solutions.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India waste to energy market size at USD 2.25 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India waste to energy market size to grow at a significant CAGR of 4.23% reaching a value of USD 3.01 billion by 2029. Major growth drivers for the India waste to energy market include the rising population and urbanization, leading to a surge in waste generation. To address these challenges, the government introduced initiatives like Swachh Bharat Abhiyan (Clean India) and policies promoting renewable energy. Advanced technologies, such as incineration and anaerobic digestion, are utilized to convert waste into electricity and heat, bridging the energy demand-supply gap. Waste to energy (WTE) plays a crucial role in mitigating environmental impacts by reducing methane emissions from organic waste in landfills. India's pursuit of a circular economy also fuels the market growth, as WTE technologies help in converting waste into valuable products. By maximizing resource recovery, India moves toward a sustainable future, treating waste as a valuable resource rather than a burden. However, lack of adequate waste segregation and insufficient waste collection infrastructure are anticipated to restrain the overall growth of India waste to energy (WTE) market during the period in analysis.

India Waste to Energy (WTE) Market – Overview

India waste to energy (WTE) market refers to the sector within the country's energy and waste management industry that involves the conversion of various forms of waste into usable energy, typically in the form of electricity and heat. WTE technologies offer a sustainable and environmentally friendly solution to two critical challenges: waste disposal and energy generation. In the WTE market, various types of waste materials, such as municipal solid waste (MSW), industrial waste, agricultural residue, and biomass, are utilized as feedstock. These waste materials are processed using different conversion methods, including incineration, anaerobic digestion, gasification, and pyrolysis. The primary objective of the waste to energy market in India is twofold: first, to reduce the volume of waste going into landfills and thus alleviate the strain on existing landfill capacity, and second, to produce clean and renewable energy from the waste stream. By converting waste into energy, the waste to energy sector contributes to mitigating environmental impacts, reducing greenhouse gas emissions, and promoting sustainable development. The waste to energy market in India is influenced by government policies, regulations, and incentives that encourage the adoption of these technologies. Various initiatives, such as Swachh Bharat Abhiyan (Clean India) and policies promoting renewable energy sources, have further fueled the growth of this market. As the country seeks to address its increasing waste management challenges and meet its growing energy demands in an eco-friendly manner, the waste to energy market plays a crucial role in creating a circular economy by transforming waste into valuable resources while contributing to India's sustainable development goals.

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Impact of COVID-19 on India Waste to Energy (WTE) Market

COVID-19 pandemic had a mixed impact on the India waste to energy (WTE) market. While the initial lockdown measures and disruptions in supply chains caused a temporary setback, the pandemic also highlighted the importance of sustainable waste management. With increased awareness of environmental concerns, there was a growing interest in WTE solutions. Additionally, the government's focus on economic recovery and renewable energy initiatives provided opportunities for investments in the sector. However, financial constraints, project delays, and uncertainty hindered some developments. As the situation gradually improved, the market witnessed steady growth, driven by the need for resilient and sustainable waste management solutions.

India Waste to Energy (WTE) Market – By Technology

By technology, the India waste to energy market is bifurcated into Thermal and Biological segments. The thermal segment holds a higher share in the India waste to energy (WTE) market by technology during the forecast period by technology due to its simpler process and cost-effectiveness. The thermal segment comprises incineration, gasification, and pyrolysis, with incineration holding a significant share. Municipal solid waste incineration (MSWI) is a controlled burning process within specialized facilities, aiming to reduce waste volume and mass while chemically rendering it inert through combustion without additional fuel (autothermic combustion). MSWI also allows the recovery of energy, minerals, and metals from the waste stream, making it a well-established and successful technology in commercial projects for treating municipal and industrial solid waste, while generating electricity.

Competitive Landscape

Major players operating in the India waste to energy (WTE) market include A2Z Group, Ecogreen Energy Pvt Ltd, JITF Urban Infrastructure Limited, Abellon Clean Energy Ltd, Suez Group, Hitachi Zosen Inova, Rollz India Waste Management, GJ Eco Power Pvt Ltd, Veolia Environnement SA, and Hydroair Techtonics (PCD) Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the India Waste to Energy (WTE) Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Waste to Energy Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Waste to Energy Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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