The municipal waste incineration with energy recovery sector in the US has shown a steady trend from 2013 to 2023, rising from 30.12 million metric tons in 2013 to 32.12 million metric tons in 2023. The average annual growth rate over the past five years (from 2018 to 2023) stood at approximately 0.49%. This slow yet consistent growth approaching a plateau highlights a stable but mature market.
Year-on-year variations indicate minimal fluctuations, underscoring a low volatility industry. Recent years show a gradual increase, with slight variations close to a half-percent on average. From 2012 to 2013 the YoY variation stood at (1.84%), and the CAGR was lower at (1.02%) but remained positive, indicating persistent growth over the decade. Over the last two years, variation slightly dipped, recorded at around 0.49% in 2023, solidifying the measured growth.
Forecast data predicts continued stability with slight increases. By 2028, the projection hits 32.86 million metric tons, reflective of a marginal rise at a forecasted 0.36% CAGR over the next five years. This trend affirms the maturity, albeit slow-paced advancement in waste-to-energy efficiency and incineration capacity.
Future trends to watch for:
- Technological advancements in waste-to-energy conversion efficiency.
- Policy shifts towards more stringent environmental regulations.
- Increased focus on sustainability and circular economy practices.
- Public sentiment and shifting waste management preferences potentially affecting market demand.
