Market Size of China Waste to Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 4.75 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Waste to Energy Market Analysis
China's waste-to-energy market is expected to record a CAGR of more than 4.75% during the forecast period.
- Over the long term, favorable government policies and increasing investments in the country are expected to drive the market.
- On the other hand, the emission of harmful gases generated from waste-to-energy plants and the ash produced from these plants, which needs to be disposed of safely, usually in landfills, leading to groundwater contamination, may also hinder the growth of the market.
- However, the daily per capita waste generation in the region is expected to increase by nearly 40% by 2050. Thus, the increasing volume of municipal waste and rising demand for energy in the region are expected to create an opportunity for the waste-to-energy market in China in the future.
China Waste to Energy Industry Segmentation
Waste-to-energy is the process of generating energy in the form of electricity and heat through the primary treatment of waste or processing the same into a fuel source.
China's waste-to-energy market is segmented by technology into physical, thermal, and biological. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).
China Waste to Energy Market Size Summary
The waste-to-energy market in China is poised for significant growth, driven by supportive government policies and increased investments. The market is expected to expand steadily over the forecast period, despite challenges such as emissions from waste-to-energy plants and the environmental concerns associated with ash disposal. The rising volume of municipal waste, coupled with the growing demand for energy, presents substantial opportunities for the sector. China's commitment to building zero-waste cities and its efforts to replace traditional landfills with incineration plants underscore the country's strategic focus on enhancing waste management and energy production capabilities.
China's position as the second-largest producer of municipal waste globally has led to the development of large-scale waste-to-energy facilities, such as the Shenzhen East plant, which is among the largest in the world. The country's waste-to-energy market is characterized by a moderate level of fragmentation, with key players including China Everbright International Limited and Zheneng Jinjiang Environment Holding Co. Ltd. The market's growth is further supported by advancements in technology, such as cogeneration systems that improve efficiency and reduce emissions. As China continues to address its waste management challenges, the demand for waste-to-energy solutions is expected to rise, driving the market forward during the forecast period.
China Waste to Energy Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Market Size and Demand Forecast in USD billion, till 2027
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 PESTLE Analysis
-
-
2. MARKET SEGMENTATION BY TECHNOLOGY
-
2.1 Physical
-
2.2 Thermal
-
2.3 Biological
-
China Waste to Energy Market Size FAQs
What is the current China Waste to Energy Market size?
The China Waste to Energy Market is projected to register a CAGR of greater than 4.75% during the forecast period (2024-2029)
Who are the key players in China Waste to Energy Market?
China Everbright International Limited , Zheneng Jinjiang Environment Holding Co Ltd, Babcock & Wilcox Enterprises Inc, Covanta Holding Corporation and Veolia Environnement SA are the major companies operating in the China Waste to Energy Market.
