# Waste-to-energy Technology - A Green solution for emerging markets

Waste-to-Energy (WtE) technologies consist of any waste treatment process that creates energy in the form of electricity, heat or transport fuels (e.g. diesel) from a waste source. It helps in sustainable waste management and the disposal of clean power generation. According to the research conducted by MarkNtel advisors the Global Waste to Energy Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28.

The increasing amount of residential and commercial waste has led to increasing [investment in Waste to Energy technologies](https://www.marknteladvisors.com/research-library/global-waste-to-energy-market.html) by the manufacturers which minimize the dependence on fossil fuels and curbs the growing carbon emissions. Waste to Energy is a sustainable technology booming the market growth.


**A quick market Insight:**

* Rapid urbanization and industrialization owing to the increase in the power consumption level have fueled the demand of the market. The increasing focus of various countries on clean power generation from renewable sources has substantially enhanced the demand for waste-to-energy technology.
* The increased consumer inclination towards efficient and easy WTE technologies is expected to boost market growth. Also, the increase in consumer awareness of waste management has positively enhanced market growth.**

* The increase in government initiatives in waste management and reducing the alarming levels of GHG emissions has drastically increased which has coupled with the market growth during the forecast period.

* The other benefits of WTE, like [clean energy](https://www.marknteladvisors.com/research-library/global-waste-to-energy-market.html) generation & efficient metal recycling, and technological advancements in WTE plants are other prominent aspects projected to boost the Global Waste to Energy Market through 2028.

The increased investment in R&D activities to obtain a sustainable future and better [waste management](https://www.marknteladvisors.com/research-library/gcc-waste-management-market.html) that positively affects the government is expected to provide lucrative opportunities to investors in the future.

**Region Who Dominates the Global Waste to Energy Market?**

Europe accounts for the highest share of the market during the forecast period. The presence of key companies, regulatory policies and technological advancements has increased the market growth tremendously. Also, there has been high investment in energy conservation and efficiency projects across regions which has coupled with the demand.

Along with it government taking effective initiatives from time to time has enhanced public awareness of the waste management system during the projected period. The need to reduce carbon emissions, and to find sustainable & financially feasible alternatives to fossil fuel was the need of the hour. These factors collectively enhance the market growth during the forecast period.\

**Covid 19 Impact on Waste to Energy Market:**

The outbreak of Covid 19 resulted in disrupted supply chain channels halting the operations of recycling waste and energy-generating industries. The major lockdowns in the country led to a shortage of labour demand and most industries came to the halt leading to huge financial losses during the projected period.

**Final Thoughts:**

Well, no one can deny the fact that the waste-to-energy market is the need of the hour and is expected to rise enormously during the forecast period. It creates extensive opportunities for the manufacturers in the market across the globe to rise and invest in the market.