The Market value of Waste to Energy Technology in United States of America reached USD 10,635.27 Millions in 2020
The indicator recorded a historical decline (CAGR) of ...
GlobalData projects the indicator to grow ...
Waste Disposal or Waste Management is one of the major issues faced by countries, especially given the growing population, rapid urbanization, and economic growth. The majority of the countries face problems related to the limited availability of land for landfill sites which makes it necessary for local bodies/governments to use different waste management techniques.
Waste to Energy (WTE) is one of the solutions to the waste disposal problems as it reduces the volume of waste going into landfills by 90%. Waste to Energy turns waste into ash thus reducing volume but is also one of the several imperatives for sustainable waste management. WTE systems can be an effective supplement to fossil fuel-based power, generating renewable energy and revenue for local bodies. It is a process to turn waste into a fuel source that can be used to generate electricity. WTE is considered a renewable source and can be converted into energy using thermal or biological techniques. A process like incineration where waste goes through a thermal reaction to produce heat or energy can be considered as a thermal process to convert waste to energy. Processes like Anaerobic digestion where waste is converted into compost and then to gas is a biological process.
The global Waste to Energy market is projected to grow given the increase in consumption and issues of limited land availability will drive governments to set up WTE plants. The countries leading the waste-to-energy market are China, the United States of America, Japan, the United Kingdom, and Germany.
The United States of America is one of the largest Waste to Energy markets in the world, valued at $11,138 million in 2021, with the country processing over 55,066 thousand tonnes of waste into energy. The market grew at a compounded annual growth rate of 0.7% between 2017 and 2021 in terms of value, while the underlying volume grew at a CAGR of 0.8% during the same period. The country’s waste-to-energy market is expected to grow as the country aims to achieve its sustainability targets.
China
Hong Kong
United Kingdom
United Kingdom
Netherlands
Switzerland
United States of America
Japan
United States of America
United States of America
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer
Contact the team or request a demo to find out how our data can drive your business forward