Market Revenue Waste To Energy (WtE) Market Concentration Rate

Waste To Energy (WtE) Market Concentration Rate, Top 5
Manufacturers, Competitive Situation By 2024
“Waste To Energy (WtE) Market size was USD 25.0 billion in 2015 and is
expected to reach USD 43.96 billion by 2024. Market is expected to witness a
steady growth on account of increasing waste generation activities. Waste to
energy (WtE) technologies consists of waste management to produce
electricity or transport fuel.”
The global Waste to Energy (Wte) Market size was USD 25.0 billion in 2015 and is expected to reach USD 43.96
billion by 2024. Market is expected to witness a steady growth on account of increasing waste generation
activities. Waste to energy (WtE) technologies consists of waste management to produce electricity or transport
fuel. This technology finds the application on various types of unwanted materials including semi-solid, liquid
and gaseous waste. The most popular application is municipal solid waste (MSW) processing followed by
industrial remains. The main drivers expected to impact overall market growth includes increasing waste
generation activities by industries coupled with high energy costs. Restricted land filling and growing
environmental issues are also expected to further enhance global industry demand over the forecast period.
WtE is expected to solve the environmental problems related to waste by reducing the volume and decreasing
the greenhouse gas emissions.
Moreover, government initiatives especially by European governments have significantly contributed to the
regional WtE industry growth in the recent years. Economic development, industrialisation, and public habits
have given rise to the generation of tremendous left overs and, therefore, driving the overall market. As of 2015,
more than 50% of the global population live in urban areas and, therefore, accelerating municipal solid waste
accumulation. Garbage has been a worrying cause for local governing bodies mainly in developing areas.
Favourable government policies coupled with financial aid are expected to positively influence the industry in
near future.
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