Europe Waste To Energy Market Size, Share & Trends Analysis Report By Technology (Technology, Thermal), By Country, and Segment Forecasts, 2023 - 2030

Europe Waste To Energy Market Size, Share & Trends Analysis Report By Technology (Technology, Thermal), By Country, and Segment Forecasts, 2023 - 2030

Europe Waste To Energy Market Growth & Trends

The Europe waste to energy market size is expected to reach USD 41.75 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.4% from 2023 to 2030. The rising population coupled with increasing demand for energy-efficient and clean energy is expected to propel the market for waste to the region's energy market. The European Union region has been very active in the R&D efforts related to clean and energy-efficient power generation sources. The availability of funding in the European Union for energy conservation and energy efficiency projects has been one of the major factors driving the regional market growth.

European Union adopted a roadmap in March 2011 to transition toward a low carbon economy by 2050. A highly developed infrastructure and the regional government's diligent efforts to promote and employ green and clean energy technologies are expected to drive market growth over the forecast period

The market is projected to witness substantial growth owing to rising industrial and domestic waste prompting the regional government to promote energy generation from waste. In addition, the presence of major market players such as Hitachi Zosen Inova AGand, Ramboll Group A/S, and Veolia, Inc. is expected to strengthen the deployment of waste to energy (WTE) plants across Europe.

Europe Waste To Energy Market Report Highlights

• In terms of revenue, the thermal segment accounted for a significant share of the market in 2022 and is further expected to witness steady growth over the forecast period
• Germany is projected to grow at a substantial rate of 16.9% throughout the forecast period
• Incineration in the thermal sub-segment accounted for the largest share of 48.86% in 2022
• Thermal in the technology segment emerged as the fastest-growing segment with a CAGR of 14.5% over the forecast period
• The U.K. is likely to display a substantial growth rate during the projected period

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