Market Size of North America Waste to Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 7.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Waste to Energy Market Analysis
The North American waste-to-energy (WTE) market is expected to grow at a CAGR of more than 7.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Over the long term, the increasing amount of waste generation, growing concern for waste management to meet the need for sustainable urban living, and increasing focus on non-fossil fuel sources of energy are driving the demand for the region's waste-to-energy market.
- On the other note, the countries still need more suitable policies and regulations concerning WTE, and factors such as high capital investment and increasing the recycling rate of waste have been restraining the growth in the WTE market.
- Nevertheless, technological advancements in the waste-to-energy sector are expected to create significant opportunities for plant operators in the near future.
- The United States is expected to dominate the market during the forecast period, with the growing demand for renewable-based electricity generation.
