UAE Waste to Energy (WtE) Market Size Set to Grow at Steady CAGR of 4.81% to Reach Value of USD 232.12 Million by 2030

Published | 25 June 2024

UAE Waste to Energy (WtE) Market is flourishing because of the rapid urbanization, booming tourism, and high consumption levels lead to significant municipal solid waste (MSW) generation and increasing burden of solid waste on landfills.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE Waste to Energy (WtE) Market size at USD 189.35 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the UAE Waste to Energy (WtE) Market size to expand at a CAGR of 4.81% reaching a value of USD 232.12 million by 2030. The UAE Waste to Energy (WtE) Market is expected to expand at a steady rate owing to growing urban population, rising volume of municipal solid waste, and strict government policies and regulations aimed at managing waste effectively and lowering greenhouse gas emissions. Furthermore, over the period in analysis, the Waste to Energy (WtE) Market is expected to have lucrative growth opportunities due to the increasing digitalization of waste management practices.

Opportunity - Rapid urbanization and economic growth

The fast urbanization and industrialization of the UAE are expected to result in significant increases in power demand, and the growing emphasis on renewable energy sources is expected to propel the waste to energy (WtE) industry. The UAE Ministry of Climate Change and Environment has launched various initiatives to develop the waste management and recycling sector to reduce the environmental burden of waste generated in the country. Furthermore, it is anticipated that the sector will continue to develop as a result of the environmental rules being implemented to reduce carbon emissions from the use of fossil fuels.

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UAE Waste to Energy (WtE) Market

Segmental Coverage

UAE Waste to Energy (WtE) Market – By Technology

Based on technology, the UAE Waste to Energy (WtE) Market is segmented into thermochemical, biochemical, and others. The thermochemical segment is further classified into incineration, pyrolysis, and gasification and holds the largest share in the Saudi Arabia Waste to Energy (WtE) Market. With higher temperatures and conversion rates, thermochemical conversion works best with feedstocks with lower moisture content and is typically less product specific. MSWI is an effective method in commercial applications because it allows the recovery of energy, minerals, and metals from the waste stream in addition to treating municipal and industrial solid waste and generating power.

Competitive Landscape

Major players operating in the UAE Waste to Energy (WtE) Market include Babcock & Wilcox, Veolia Environment S.A., Hitachi Zosen Corporation, Abu Dhabi National Energy Company PJSC, Masdar, Emirates Waste to Energy, Ramboll, Mitsubishi Heavy Industries Inc., BEE'AH Group, and Suez Environment Company. 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 UAE 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 the UAE Waste to Energy (WtE) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the UAE Waste to Energy (WtE) 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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