In India, DataM Intelligence reported that the global waste to energy market reached $38.5 billion in 2023 and is expected to reach $ 68.7 billion by 2031, growing with a CAGR of 7.5% during the forecast period 2024-2031.
“Market growth is driven by escalating global waste generation, tightening environmental regulations on landfills, and the push for renewable energy sources amid climate change imperatives. Advancements in waste-to-energy technologies like gasification and plasma arc systems, rising demand for sustainable waste management in urbanizing regions, government incentives for circular economy initiatives, and increasing investments in ESG-compliant infrastructure are further accelerating market expansion,” the report stated.
The report noted that Europe currently has a 42% share of the global market, driven by advanced waste management infrastructure and strict EU regulations on landfill diversion.
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