PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1607769
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1607769
Waste to Energy Market Assessment, By Waste Type [Municipal Waste, Agriculture Waste, Others], By Technology [Direct Combustion, Mechanical and Thermal, Thermo-Chemical, Biomechanical], By Region, Opportunities and Forecast, 2018-2032F
Global Waste to energy market is projected to witness a CAGR of 7.70% during the forecast period 2025-2032, growing from USD 40.04 billion in 2024 to USD 72.48 billion in 2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.
With the increased generation of waste and rising environmental concerns, there is a significant demand for waste to energy (WTE) facilities, driving the growth of the waste energy market. WTE technologies primarily ensure renewable energy generation from municipal solid wastes, reduce reliance on landfill sites, and decrease greenhouse gas emissions. Additionally, government incentives and regulations drive investments in WTE infrastructure, supporting the implementation of a circular economy and amplifying market growth.
Asia-Pacific is considered one of the prominent markets as China, Japan, and India heavily invest in technological advancements for waste-to-energy (WTE) facilities, which contribute to sustainable growth and meet energy requirements.
For instance, in January 2023, ABB Ltd. announced that it is aiding the technological advancement in waste to energy conversion by supplying high-efficiency variable-speed drives to a new waste to energy treatment facility of Beijing Enterprises Environment Group Limited (BEEGL) in Zhangjiagang, Jiangsu province, China. The installation will mitigate over 300,000 tons of carbon dioxide emissions for the facility annually. The plant's machinery, including draft fans, blowers, and circulating water pumps, relies on electric motors. These motors significantly improve energy efficiency coupled with variable speed drives, thus facilitating the growth of clean energy sources.
Rise in the Number of Waste to Energy Projects is Fueling the Market Expedition
The waste to energy projects are in high demand as waste generation has been increasing continuously, leading to a rise in the need for clean energy sources. The WTE facilities transform non-recyclable wastes into electricity, which diminishes the emission of greenhouse gases to a large extent. Moreover, the facilities reduce the environmental issues related to conventional waste disposal methods, including methane emissions from the landfills. WTE projects are very important to promoting the circular economy and can cater to both developed and underdeveloped countries to provide solutions that support waste-to-energy conversion in growing markets.
For instance, in January 2022, Doosan Lentjes, which is a subsidiary of Doosan Heavy Industries & Construction, reported that it had received the Notice to Proceed (NTP) on the construction of the USD 113.74 million Wiesbaden Waste-to-Energy plant. The plant will treat about 600 tons of municipal waste per day to generate electricity of 22 MW together with 40 MW of district heating. This will play a massive role in increasing social awareness of waste-to-energy conversion. In addition, the project is based on sustainable waste management combined with energy recovery. Therefore, the WTE project will enhance the sustainability targets by reducing fossil fuel reliance and reducing harmful CO2 emissions to a great extent.
Rise in Need for the Conversion of Food Waste into Renewable Energy Spearheads Market Growth
WTE plants play a pivotal role in converting organic waste (food waste) into renewable energy by anaerobic digestion. Anaerobic digestion is a process in which microorganisms decompose organic matter in an oxygen-free environment to produce renewable gases. By harnessing this renewable gas, electricity can be suitably generated by minimizing landfill waste. Hence, it can be delineated that WTE plants recover valuable resources, generate renewable energy, and are conducive to the sustainable management of waste. This, in turn, supports recycling management principles that meet energy needs and help to address environmental concerns, thereby driving the market prosperity.
For instance, in December 2023, Captona, RNG Energy Solutions, and South Jersey Industries (SJI) formed an alliance for the construction of one of the biggest food waste-to-renewable natural gas (RNG) facilities in the United States. The project, situated at Linden, New Jersey, will convert up to 1,475 tons of organic waste into 3,783 MMBtu/day of RNG by using anaerobic digestion technology. The RNG facility will reduce the high emission rates of greenhouse gases and offer sustainable means of managing organic waste and replacing fossil fuels, which in turn will fuel market growth.
Pyrolysis Technology is Playing a Vital Role in Market Expedition
Pyrolysis is the process of converting waste to energy through thermal decomposition in the absence of oxygen. The demand for pyrolysis is increasing because the process converts waste, such as plastics, into syngas, biochar, and bio-oil. The technology enables the production of renewable fuels and chemicals for sustainable waste management practices. Moreover, pyrolysis is one of the most innovative energy security and environmental protection solutions. This, in turn, plays a huge role in overcoming the various challenges related to waste recycling, thereby augmenting the market growth. Furthermore, organizations across the globe are focusing on establishing pyrolysis plants for the economic benefits of waste recycling.
For instance, in September 2022, Henan Doing Company signed an agreement with a major environmental protection technology company in Shanxi Province for a turnkey project focused on the pyrolysis of waste tires, with an annual waste processing capacity of 20,000 tons. The project is situated at Linfen, Shanxi, China. Henan Doing took the responsibility of constructing the entire project and also provided a complete set of equipment for a 50 tons/day continuous pyrolysis production line. This marked a pivotal move in the recycling of solid waste in China's Shanxi Province.
Government Initiatives Acting as a Catalyst
Government policies drive the growth of WTE plants worldwide through numerous programs and financial incentives. Government policies are the backbone of waste management services and support a stable economic infrastructure. Subsidies include grants, tax credits, and low interest rates for the project developers while saving the high initial cost associated with WTE technologies. The policies also allow funding to establish more WTE facilities that turn waste into renewable energy, effectively managing waste and controlling greenhouse gas emissions. Moreover, the initiatives are essential to advance sustainable energy solutions and achieve environmental objectives globally, hence driving market growth.
For instance, in June 2022, the Regional Centre for Urban & Environmental Studies (RCUES) at Lucknow prepared and submitted a Techno-Economic Feasibility Report to the Municipal Corporation of Delhi (MCD) for advising on the feasibility of establishing a Waste to Energy Facility at Narela-Bawana. This integrated report presents guidelines for solid waste management, principles for processing, an assessment of the current solid waste management practices in MCD, a proposed project plan, cost estimates, project structuring, and financial feasibility analysis to be aimed at achieving an enhancement of efficiency and sustainability in managing waste in the region.
Asia-Pacific is the Fastest Growing Region in All Aspects
Asia-Pacific has significantly led market growth and is expected to continue its dominance in the coming years. China plays the most vital role in this leadership, as the country has the largest installed capacity for waste to energy generation. Moreover, China is currently focusing on processing municipal solid wastes into clean energy via WTE plants, propelling the market growth.
For instance, in October 2024, to support effective municipal solid waste management and waste-to-energy facilities in the People's Republic of China (PRC), and the Asian Development Bank (ADB) signed a USD 50 million loan with Canvest Environmental Protection Group Company Limited. Under the ADB loan, Canvest will develop, construct, and operate a WTE plant at Huizhou City in Guangdong province of China and expand its municipal solid waste management services in Quyang County in Hebei province, China. Moreover, PRC is one of the world's biggest generators of municipal solid waste, with an overall volume of 244 million tons of MSW in 2022, projected to reach 332.4 million tons annually by 2025. The project's WTE plant can convert nearly 300,000 tons of municipal solid waste into clean energy yearly, thereby generating at least 93 gigawatt-hours of energy/ year, which in turn aids the market growth extensively.
Future Market Scenario (2025 - 2032F)
Waste to energy facilities have emerged as a necessary tool in the transformation of municipal solid wastes into usable energies and therefore a reduction in fossil fuel usage. This synergy in solving waste management problems and renewable energy generation makes waste-to-energy an inevitable part of the future energy landscape.
The three technologies regarding pyrolysis, gasification, and incineration hold great importance towards the future of waste-to-energy conversion and offer efficient ways to handle wastes while producing renewable energy.
The rise in investments by worldwide governments in the development of new WTE facilities is accelerating market growth, which in turn will create ample opportunities for market expansion in the future.
Key Players Landscape and Outlook
Market players in the waste to energy sector are engaged in intense competition to gain a significant advantage. Companies heavily invest in technological upgrades and forming strategic alliances to optimize networks and implement cost-cutting measures. The competitive landscape fosters continuous improvement and innovation, enabling firms to effectively meet the rising demand for sustainable energy solutions while maximizing the efficiency of waste-to-energy facilities. As a result, businesses worldwide are better positioned to adapt to evolving market needs and enhance their operational capabilities in the renewable energy sector.
For instance, in June 2024, ABB Ltd. announced that it had upgraded the distributed control system (DCS) of ARN BV Nijmegen's waste-to-energy plant in the Netherlands with ABB Ability System 800xA version 6.1.1. to increase the plant's productivity. The WTE plant processes wastes of around 300,000 tons per year and produces about 150,000 MWh of electricity fed into the grid. Production plants play an important role in the circular economy of the Netherlands and Europe, thereby converting residual waste into energy, fertilizers, and reusable materials, facilitating market growth.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Executive Summary
4. Voice of Customer
- 4.1. Management Services and Offerings
- 4.2. Factors Considered in Purchase Decisions
- 4.2.1. Overall Expenses
- 4.2.2. Facility Requirements
- 4.2.3. Government Incentive
- 4.2.4. Gasifier Efficacy
5. Global Waste to Energy Market Outlook, 2018-2032F
- 5.1. Market Size Analysis & Forecast
- 5.1.1. By Value
- 5.2. Market Share Analysis & Forecast
- 5.2.1. By Waste Type
- 5.2.1.1. Municipal Waste
- 5.2.1.2. Agriculture Waste
- 5.2.1.3. Others
- 5.2.2. By Technology
- 5.2.2.1. Direct Combustion
- 5.2.2.2. Mechanical and Thermal
- 5.2.2.3. Thermo-Chemical
- 5.2.2.3.1. Gasification
- 5.2.2.3.2. Pyrolysis
- 5.2.2.3.3. Liquefication
- 5.2.2.3.4. Incineration
- 5.2.2.4. Biomechanical
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia-Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East and Africa
- 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
- 5.2.1. By Waste Type
- 5.3. Market Map Analysis, 2024
- 5.3.1. By Waste Type
- 5.3.2. By Technology
- 5.3.3. By Region
6. North America Waste to Energy Market Outlook, 2018-2032F*
- 6.1. Market Size Analysis & Forecast
- 6.1.1. By Value
- 6.2. Market Share Analysis & Forecast
- 6.2.1. By Waste Type
- 6.2.1.1. Municipal Waste
- 6.2.1.2. Agriculture Waste
- 6.2.1.3. Others
- 6.2.2. By Technology
- 6.2.2.1. Direct Combustion
- 6.2.2.2. Mechanical and Thermal
- 6.2.2.3. Thermo-Chemical
- 6.2.2.3.1. Gasification
- 6.2.2.3.2. Pyrolysis
- 6.2.2.3.3. Liquefication
- 6.2.2.3.4. Incineration
- 6.2.3. Biomechanical
- 6.2.1. By Waste Type
- 6.3. By Country Share
- 6.3.1.1. United States
- 6.3.1.2. Canada
- 6.3.1.3. Mexico
- 6.4. Country Market Assessment
- 6.4.1. United States Waste to Energy Market Outlook, 2018-2032F*
- 6.4.1.1. Market Size Analysis & Forecast
- 6.4.1.1.1. By Value
- 6.4.1.2. Market Share Analysis & Forecast
- 6.4.1.2.1. By Waste Type
- 6.4.1.2.1.1. Municipal Waste
- 6.4.1.2.1.2. Agriculture Waste
- 6.4.1.2.1.3. Others
- 6.4.1.2.2. By Technology
- 6.4.1.2.2.1. Direct Combustion
- 6.4.1.2.2.2. Mechanical and Thermal
- 6.4.1.2.2.3. Thermo-Chemical
- 6.4.1.2.2.3.1. Gasification
- 6.4.1.2.2.3.2. Pyrolysis
- 6.4.1.2.2.3.3. Liquefication
- 6.4.1.2.2.3.4. Incineration
- 6.4.1.2.2.4. Biomechanical
- 6.4.1.2.1. By Waste Type
- 6.4.1.1. Market Size Analysis & Forecast
- 6.4.2. Canada
- 6.4.3. Mexico
- 6.4.1. United States Waste to Energy Market Outlook, 2018-2032F*
All segments will be provided for all regions and countries covered
7. Europe Waste to Energy Market Outlook, 2018-2032F
- 7.1. Germany
- 7.2. France
- 7.3. Italy
- 7.4. United Kingdom
- 7.5. Russia
- 7.6. Netherlands
- 7.7. Spain
- 7.8. Turkey
- 7.9. Poland
8. Asia-Pacific Waste to Energy Market Outlook, 2018-2032F
- 8.1. India
- 8.2. China
- 8.3. Japan
- 8.4. Australia
- 8.5. Vietnam
- 8.6. South Korea
- 8.7. Indonesia
- 8.8. Philippines
9. South America Waste to Energy Market Outlook, 2018-2032F
- 9.1. Brazil
- 9.2. Argentina
10. Middle East and Africa Waste to Energy Market Outlook, 2018-2032F
- 10.1. Saudi Arabia
- 10.2. UAE
- 10.3. South Africa
11. Porter's Five Forces Analysis
12. PESTLE Analysis
13. Market Dynamics
- 13.1. Market Drivers
- 13.2. Market Challenges
14. Market Trends and Developments
15. Case Studies
16. Competitive Landscape
- 16.1. Competition Matrix of Top 5 Market Leaders
- 16.2. SWOT Analysis for Top 5 Players
- 16.3. Key Players Landscape for Top 10 Market Players
- 16.3.1. Veolia Environnement SA
- 16.3.1.1. Company Details
- 16.3.1.2. Key Management Personnel
- 16.3.1.3. Products and Services
- 16.3.1.4. Financials (As Reported)
- 16.3.1.5. Key Market Focus and Geographical Presence
- 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 16.3.2. Ramboll Group A/S
- 16.3.3. Waste Management Holdings, Inc.
- 16.3.4. Mitsubishi Heavy Industries, Ltd.
- 16.3.5. ABB Ltd.
- 16.3.6. Hitachi Zosen Inova Steinmuller GmbH
- 16.3.7. Babcock & Wilcox Enterprises, Inc.
- 16.3.8. A2A S.p.A
- 16.3.9. China Everbright Securities International Company Limited
- 16.3.10. SUEZ SA
- 16.3.1. Veolia Environnement SA
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
17. Strategic Recommendations
18. About Us and Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 2. Global Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 3. Global Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 4. Global Waste to Energy Market Share (%), By Region, 2018-2032F
- Figure 5. North America Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 6. North America Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 7. North America Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 8. North America Waste to Energy Market Share (%), By Country, 2018-2032F
- Figure 9. United States Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 10. United States Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 11. United States Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 12. Canada Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 13. Canada Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 14. Canada Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 15. Mexico Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 16. Mexico Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 17. Mexico Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 18. Europe Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 19. Europe Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 20. Europe Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 21. Europe Waste to Energy Market Share (%), By Country, 2018-2032F
- Figure 22. Germany Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 23. Germany Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 24. Germany Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 25. France Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 26. France Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 27. France Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 28. Italy Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 29. Italy Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 30. Italy Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 31. United Kingdom Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 32. United Kingdom Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 33. United Kingdom Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 34. Russia Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 35. Russia Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 36. Russia Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 37. Netherlands Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 38. Netherlands Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 39. Netherlands Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 40. Spain Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 41. Spain Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 42. Spain Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 43. Turkey Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 44. Turkey Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 45. Turkey Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 46. Poland Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 47. Poland Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 48. Poland Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 49. South America Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 50. South America Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 51. South America Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 52. South America Waste to Energy Market Share (%), By Country, 2018-2032F
- Figure 53. Brazil Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 54. Brazil Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 55. Brazil Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 56. Argentina Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 57. Argentina Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 58. Argentina Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 59. Asia-Pacific Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 60. Asia-Pacific Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 61. Asia-Pacific Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 62. Asia-Pacific Waste to Energy Market Share (%), By Country, 2018-2032F
- Figure 63. India Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 64. India Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 65. India Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 66. China Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 67. China Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 68. China Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 69. Japan Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 70. Japan Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 71. Japan Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 72. Australia Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 73. Australia Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 74. Australia Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 75. Vietnam Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 76. Vietnam Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 77. Vietnam Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 78. South Korea Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 79. South Korea Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 80. South Korea Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 81. Indonesia Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 82. Indonesia Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 83. Indonesia Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 84. Philippines Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 85. Philippines Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 86. Philippines Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 87. Middle East & Africa Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 88. Middle East & Africa Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 89. Middle East & Africa Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 90. Middle East & Africa Waste to Energy Market Share (%), By Country, 2018-2032F
- Figure 91. Saudi Arabia Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 92. Saudi Arabia Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 93. Saudi Arabia Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 94. UAE Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 95. UAE Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 96. UAE Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 97. South Africa Waste to Energy Market, By Value, In USD Billion, 2018-2032F
- Figure 98. South Africa Waste to Energy Market Share (%), By Waste Type, 2018-2032F
- Figure 99. South Africa Waste to Energy Market Share (%), By Technology, 2018-2032F
- Figure 100. By Waste Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
- Figure 101. By Technology Map-Market Size (USD Billion) & Growth Rate (%), 2024
- Figure 102. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024
