Global Waste-to-Energy Market Will Hit $30 Billion by 2015 - Study

The global waste-to-energy market should reach nearly $30 billion by 2015, according to a new study.

The report, available through Albany, N.Y.-based Transparency Market Research, states that the market will grow at a compound annual growth rate of 5.5 percent to $29.98 billion in 2015.

The growth will come from an increasing world demand for energy, depletion of conventional energy sources and growing concerns about environmental pollution from those sources, the firm said in a news release.

Governments and social organizations also are offering financial programs to encourage energy generation from agricultural and industrial waste.

In addition, the report discusses waste-to-energy technology, major players and future market projections.