Waste to Energy Market– Growing Trade Among Emerging Economies Opening New Opportunities
The global waste to energy (WtE) market is projected to reach $27,700.8 million by 2025, growing at a CAGR of 6.1% from 2018 to 2025.
Waste to energy is one of the most effective and robust alternative sources of energy, which helps in the reduction of CO2 emissions and thus, replace the use of fossil fuels. Using waste as a combustion substance is expected to reduce landfill volumes by more than 90%.
On the contrary, the global WtE market is expected to register the highest growth in the biological process segment, owing to an increase in technological advancements and rise in disposable incomes.
Furthermore, rapid urbanization and surge in the production of various renewable energy sources such as solar, wind, biomass, hydro, and others are expected to boost the market growth.
Owing to the increasing demand for energy, energy companies are exploring new opportunities for the generation of electricity. Moreover, the increase in investments by the governing bodies to develop energy conservation activities is expected to significantly enhance market growth during the projected period
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