Waste to Energy remains the most exciting and progressive sector in the wider energy sector. Setting aside the rapid advancements we’ve seen over the last decade, the future is looking even brighter.
According to research, the next six years are expected to deliver unprecedented growth that will require huge amounts of talent – ideal for energy professionals looking to join the market and take advantage of the potential success going forward.
Rising market value
As of 2023, the Waste to Energy (WtE) market was valued at $44.3 billion, an increase of $9.3 billion based on 2019 figures ($35.1 billion). This makes WtE one of the fastest growing markets in the broader energy industry – if not the fastest growing.
Even with this in mind, data from the University of Birmingham suggests it is anticipated to grow by a further 6.3% between 2024 and 2032. Global governments are increasingly looking at Waste to Energy as a way of implementing efficient practices, policy framework and business growth, meaning the accelerated growth is both sustainable and effective.
For markets such as the US, waste management requirements are always evolving, which is increasingly playing into the potential of waste as a clean energy source. Rapid urbanisation is resulting in an increasing need for waste collection and disposal, while rural areas remain a core pillar for waste-to-energy production thanks to farms.
The WtE forecast is extremely optimistic and by 2032, the market is expected to be worth around $78.3 billion, a 76% increase overall.
Obviously this will require a huge amount of talent to ensure it’s running effectively – whether that’s project managers, engineers or plant staff.
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What does this mean for the future of WtE?
As you’d expect, the potential of WtE is largely based around sustainability targets and how much carbon emissions are growing. While there’s no single approach to lowering carbon emissions or disposing of waste, WtE represents a balanced approach that is much more environmentally friendly than alternative methods.
Aside from the increasing value of the market, the largest changes will likely be down to technological advancements. When we look at processes such as waste incineration, for example, there’s still an element of detrimental effects.
Like most energy production methods, WtE is not without issues but it’s much better than many of the alternatives. For countries that also have more immediate sustainability needs, WtE offers a much more productive approach with a huge growth ceiling.
How is AD Energy supporting the WtE market?
After our expansion into the US market, AD Energy is heavily invested in supporting the growing WtE market across the USA and Europe. We’re increasingly looking at hiring energy professionals with experience in WtE plant management, engineering and project management – connecting them with key clients across our primary markets.
We work alongside an experienced pool of high-level and skilled candidates, ensuring long-term and sustainable placements with clients, whilst also safeguarding future generations via the industry.
If you’re a professional in the Waste to Energy market or you’re an employer looking for talent acquisition in the industry, we’re able to help. You can either take a look at the WtE jobs available here or submit a CV here.