The global addressable thermal treatment market grows from $20bn to $35bn by 2024

Advanced Thermal Treatment (ATT) outgrows incineration significantly to a reach a global market size of $17.5bn in 2024. Incineration struggles with environmental impact and social acceptance but still remains important at $17.5bn due to it’s position as a legacy alternative to landfill.

The trend towards ATT technologies is clear

Data source: Source: Grand View Research 2016: Waste To Energy Market Analysis By Technology And Segment Forecasts, 2014-2024

Rapid growth in urban populations create waste challenges that infrastructure is not up to handle

Urban population and prosperity growth pose society-threatening challenges to already weak utility infrastructure – especially in Africa and Asia


Congestion, pollution and health issues from lack of waste management and energy access directly hits global GDP growth and prosperity

Global prosperity growth drives demand for energy at alarming rate, and centralized infrastructure is not up for the job

Waste is a global market growing at high rates

Waste generation growth is particularly high in markets where there lower income middle class is growing. The world Bank predicts the Lower Middle Income segment to contribute with close to a billion tons of waste by 2030 (up from 369 in 2010 to 956 in 2030), which is over 40% of a total of 2,215 billion tons generated. 

MSW together with Refuse Derived Fuel (RDF) is a key market. It is expected to grow from $160.52 bn in 2013 to approx. $300 bn in 2020 (86% total increase). Other important waste streams include Commercial & Industrial, and Hazardous/Non-Hazardous Medical Waste.

Source: World Bank - WHAT A WASTE - A Global Review of Solid Waste Management (2012)