Increasing awareness about climate change and increase in urbanization is boosting Global Waste to Energy Market Forecast period 2023-2027|Technavio
The waste to energy industry is anticipated to develop steadily as a result of rising urbanisation and increased awareness of climate change.Technavio Analyst Quoted ~ “Global waste to energy market development is mostly being driven by rising public awareness of climate change.”
Between 2022 and 2027, the size of the global waste-to-energy market is expected to grow by USD 23.13 billion, at a compound annual growth rate of 6.55%.
Governments, businesses, and people all around the world are becoming increasingly conscious of the need to embrace sustainable practises and reduce their carbon footprint. garbage to energy is seen to be one way to accomplish this aim since it can lessen the quantity of garbage that is dumped in landfills while simultaneously producing sustainable energy.
Snapshot of Global Waste to Energy Market
High operating and maintenance costs of waste to energy plants and Negative impact of waste to energy processes on the environment are expected to hinder the growth of the market. However, Increased waste generation for waste to energy and Rising popularity of integrated waste management systems will have a positive impact on the waste to energy market during the forecast period.
A2A Spa, Abu Dhabi National Energy Company PJSC, Babcock and Wilcox Enterprises Inc., BlueFire Renewables Inc., China Everbright Environment Group Ltd.,etc are some of top business in the Global Waste to Energy Market value chain.
Technavio’s recent analysis of waste to energy market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunitiesalong with detailed study of market segments in Europe, APAC, North America, Middle East and Africa, and South America, geographically during the forecast period.Download our sample report to discover more aspects of the market growth with data-backed analysis.
Technavio’s analysis of the Global Waste to Energy Market Analysis also includes:
