According to the latest report by IMARC Group, titled “Incinerator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global incinerator market size reached US$ 14.9 Billion in 2022. Incineration refers to a waste treatment process which includes the combustion of organic substances present in waste materials. The heat generated during the process is further employed for the production of electricity. Incineration equipment is widely used in the management of medical, chemical, sewage, building, agricultural and municipality wastes. As this process assists in reducing the volume of solid waste significantly, the demand for incinerators is increasing across the globe.
Global Incinerator Market Trends:
Incinerators are one of the most popular waste-to-energy technologies used around the world for processing non-renewable waste. They aid in reducing the cost of transportation of waste as well as lowering the emissions of harmful gases generated from landfills. They also help in curbing soil pollution by preventing the toxic elements of untreated waste from leaching into the soil. The growing environmental concerns in confluence with the increasing amounts of pollution, primarily in urban areas, is one of the primary factors impacting the demand for incinerators. Apart from this, the declining availability of landfills and the increased potential offered by these devices to deal with plastic and non-organic waste is also strengthening the growth of the market. On account of the factors mentioned above, the market is projected to reach a value of US$ 19.6 Billion by 2028, expanding at a CAGR of 4.63% during the forecast period of 2023-2028.
- Based on product types, the market has been classified into moving grate; static hearth, furnace and multiple hearth; rotary kiln; and fluidized bed. At present, moving grate accounts for the majority of the market share.
- On the basis of end users, the municipal sector represents the largest segment.
- Region-wise, the market has been segregated as Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the market share.
- The competitive landscape of the market has also been examined with some of the key players being Babcock & Wilcox Co., Covanta Energy Corp., SUEZ Environnement Co. S.A., Constructions Industrielles de la Méditerranée S.A, Gershman, Brickner & Bratton Inc., EEW Energy from Waste GmbH, Martin GmbH, Wheelabrator Technologies Inc., and Novo Energy LLC.
|Base Year of the Analysis
||Product Type, End-Use Sector, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||Babcock & Wilcox Co., Covanta Energy Corp., Suez Environnement Co. S.A., Constructions industrielles de la Méditerranée S.A, Gershman, Brickner & Bratton Inc., EEW Energy from Waste Gmbh, Martin Gmbh, Wheelabrator Technologies Inc. and Novo Energy LLC
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