The waste – to – energy market in Southeast Asia has huge potential and a promising future, which is driven by factors such as increasing waste generation, strong policy support, and abundant biomass resources. The specific situation is as follows:
- **Large – scale market with high – speed growth**: It is estimated that the waste – to – energy market in Southeast Asia will be worth $3.74 billion in 2024 and is expected to reach $6.85 billion by 2029, with a compound annual growth rate of 12.79% during the forecast period. According to Huatai Securities, the investment and operation market space of waste – to – energy in Southeast Asia will reach 182.9 billion yuan by 2030.
- **Driven by multiple factors**:
- **Increasing waste generation**: With the rapid development of urbanization and population growth in Southeast Asia, the amount of waste is also increasing rapidly. Most of the waste is organic, and the traditional waste treatment methods are facing challenges, providing a broad market space for waste – to – energy projects. – **Strong policy support**: Many countries in the region have introduced relevant policies to support the development of waste – to – energy projects. For example, the Indonesian government ‘s presidential decrees have clarified the construction plans of 12 key cities, established a stable business model and pricing mechanism, and adopted a “double – subsidy” model. The Thai government has set a goal of 900MW of installed capacity by 2037 and established a feed – in tariff system. The Malaysian government plans to build 18 waste – to – energy plants by 2040 and has a competitive biomass power generation price mechanism.
- **Abundant biomass resources**: Southeast Asia is rich in biomass resources, such as a large amount of agricultural residues, wood waste, and animal waste. The annual output of wood waste in the region is estimated to be more than 30 million m³, and the amount of biomass residues generated by sugar, rice, and palm oil mills is more than 200 million tons per year, which can provide rich raw materials for waste – to – energy projects.
- **Obvious regional differences**: Among them, Indonesia, as the largest economy in Southeast Asia, has outstanding market potential. It is estimated that by 2030, the investment market scale of waste – to – energy in Indonesia will reach 78.3 billion yuan, and the operation space will be 11 billion yuan. Thailand, Malaysia, and Vietnam also have their own development paths. Thailand has a clear installed – capacity goal and a perfect feed – in tariff system. Malaysia has a plan to build a large number of waste – to – energy plants, and Vietnam is expected to have a large number of alternative demands due to the goal of reducing the landfill proportion.
Post time: Sep-28-2025