In India, Fortune Business Insights reported that global waste to energy market size is forecasted to grow from $33.28 billion in 2022 to $44.62 billion by 2029.
According to the report, the market is expected to expand at a CAGR of 4.3% during the period.
:The waste to energy market is driven factors such as, increasing waste generation, environmental concerns, government incentives, and advancements in technology for converting waste into clean energy, fostering sustainable development,” the report said.
“The market is dominated by the Asia Pacific region as a result of rising economic activity and rising garbage generation. Additionally, the fact that numerous governments are encouraging the construction of waste to energy facilities will lead to Asia Pacific having the largest waste to energy market share during the anticipated time period,” it added.
Meanwhile, the report noted that Europe holds a well-developed market and stands on the second rank after the Asia Pacific region, due to the presence of several waste to energy facilities and plants, as well as rising energy production and valuable materials for recycling from municipal solid trash.
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