In New York, Spherical Insights reported that the global waste-to-energy market is expected to grow from $ 35.52 billion in 2022 to $ 66.05 billion by 2032.
The market is forecast to expand at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, according to the study.
Based on the technology, the global waste to energy market is segmented into thermochemical and biochemical. The thermochemical segment is expected to experience significant growth in the forecast period in the waste-to-energy (WtE) market, Spherical Insights said.
“Europe is expected to experience significant growth in the waste-to-energy market during the forecast period. The region has been at the forefront of sustainable waste management practices, with stringent regulations and policies promoting the transition towards a circular economy. Europe’s focus on reducing landfilling and increasing renewable energy sources drives the demand for WtE solutions,” the report added.
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