Market Size of United States Waste to Energy Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2021 - 2022 |
CAGR | > 7.26 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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US Waste To Energy Market Analysis
The United States waste-to-energy (WTE) market is expected to register a CAGR of about 7.26% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach 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 waste-to-energy market.
- On the other hand, the country still needs more suitable policies and regulations concerning WTE, and factors such as high capital investment, increasing the recycling rate of waste, and several other factors have been restraining the growth of the WTE market.
- Technological advancements in the waste-to-energy sector are expected to create significant opportunities for plant operators in the near future.