In New York, Technavio reported that the global waste to energy market size is estimated to grow by $28.68 billion from 2024-2028.
The report noted that the market is estimated to grow at a CAGR of over 7.51% during the forecast period.
“The global waste to energy market is witnessing a significant growth due to the rising trend of waste generation caused by a growing population and urbanization. This increasing waste production calls for sustainable and cost-effective waste management solutions,” the research firm said.
“Waste to energy technologies, such as incineration, gasification, and pyrolysis, are being utilized to convert waste into energy, thereby reducing waste in landfills and decreasing greenhouse gas emissions. Governments and regulatory bodies worldwide are implementing policies and incentives to encourage the development of waste to energy solutions, further fueling market growth. This trend is projected to continue during the forecast period as waste generation persists to increase,” it added.
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Tags: New York, waste-to-energy
Category: Fuels
