Market Size of Waste-to-Energy Technologies Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Waste-to-Energy Technologies Market Analysis
The waste-to-energy technologies market is expected to record a CAGR of more than 3% during the forecast period.
The market was negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels.
- The factors driving the market include supportive government initiatives and efforts to reduce dumps and open burning of waste in both developed and emerging economies across the world.
- However, the high capital and operation cost of waste-to-energy plants and the requirement of skilled staff to operate and maintain the sophisticated technologies may act as a restraint to the market's growth in the future.
- Waste generation is overgrowing with the increasing population. The global waste is expected to reach around 3.4 billion tons by 2050. The direct relation between population and income level is expected to increase the waste volume. Daily per capita waste generation in developed and emerging economies is also expected to increase by 40%. The need to stabilize future waste may increase the adoption of waste-to-energy technology in the future.
- Europe is one of the prominent regions to have waste-to-energy technology as it has a significant potential to reduce the region's dependency on gas imports while helping it participate in the efforts toward a carbon-neutral Europe.
