BCC RESEARCH REPORT “THERMAL AND BIOLOGICAL WASTE-TO-ENERGY (WTE) MARKETS”

The global WTE market totaled $35.1 billion in 2022 and $37.1 billion in 2023. Growing at a CAGR of 6.4%, the market is expected to reach $50.8 billion in 2028.

Key drivers of the growth of the global waste-to-energy market over the forecast period are the strong shift in trend toward energy security and decreasing landfill space. Other key market trends include extensive presence of government initiatives aimed at promoting WTE as an alternative form of energy and the presence of large untapped opportunities in the emerging markets of the Asia-Pacific region and Latin America.

Biological treatment is expected to be the fastest-growing technology at an estimated Compounded Average Growth Rate of 9.0% from 2023 to 2028.

The WTE industry is expanding into new markets, particularly in developing countries, where access to clean energy is a major concern. This presents new opportunities for companies in the industry to develop and market sustainable-based solutions for these markets.

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