In Delaware, Allied Market reported that the global waste to energy market was valued at $35.6 billion in 2022, and is projected to reach $56 billion by 2032.
According to the report, the market is forecast to grow at a CAGR of 4.7% from 2023 to 2032.
“The growth of the global waste to energy market is majorly driven by surge in demand for renewable energy, implementation of stringent environmental regulations coupled with rise in environmental concerns, and increase in energy demand and sustainable solutions. However, high initial costs of waste to energy hinder the market growth. Moreover, advancements in technologies offer an alternative by converting waste materials into usable forms of energy such as electricity, heat, or biofuels,” the report stated.
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