The global incinerator market reached a value of US$ 13.3 Billion in 2020. Incineration is a technology used for the treatment of waste products by combusting the organic substances present in it. Waste materials combusted in this process are converted into residual ash, fly gas (from incombustible materials), and heat. Incinerators are great waste management tools and the heat produced during the process is further used in the generation of electricity. To ensure safe and efficient operations, the furnace used during the combustion process is automatically monitored and controlled. Incinerators help curb down the solid mass of waste by almost 80-85% and the total volume by 95-96% which substantially reduces the requisite volume of disposal. Various types of incinerators that are currently available in the market include rotary kiln, fluidized bed, liquid injection, multiple hearths, catalytic combustion, waste gas flare, direct-flame, etc. Incinerators are mostly used for the management of chemical wastes, medical wastes, sewage incineration, agricultural wastes, building and municipality wastes, etc. Apart from this, thermal incinerators are used to reduce the waste from rector vents, distillation vents, solvent operations, and operations conducted in ovens and dryers.
Catalyzed by better waste management and the ability to handle a large quantity of the total waste generated in urban areas, the demand of various types of incinerators is undergoing strong growth. Moreover, the demand of incinerators is also being driven by a decline in the availability of landfills and the ability of incinerators to deal with artificial and non-organic waste. Additionally, incinerators keep a check on the rising levels of soil pollution, thereby minimizing the hazardous effects of untreated waste on the environment. Moreover, facilities carrying out the incineration process can be located close to the center of gravity of waste generation, as a result reducing the cost of waste transportation. Other factors that are currently driving this market include production of energy as a byproduct, uncontaminated groundwater, low carbon footprint, lower land requirements, etc. Looking forward, IMARC Group expects the global incinerator market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global incinerator market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, product type, and end-use.
Breakup by Product Type:
Based on the product type, the market has been segmented into moving grate; static hearth, furnace and multiple hearth; rotary kiln; and fluidized bed. Moving grate currently represents the biggest segment.
Breakup by End-Use:
Based on the end-use, the market has been segmented into municipal sector and industrial sector.
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Asia Pacific currently represents the biggest market.
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 and Novo Energy, LLC.
This report provides a deep insight into the global incinerator market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the incinerator industry in any manner.
The global incinerator market was worth US$ 13.6 Billion in 2019.
The primary market drivers include the declining landfill space, improvements in waste management and the ability of incinerators to handle a large quantity of the waste generated in urban areas.
One of the significant trends in the market is the increased use of incinerators to keep a constant check on the rising pollution levels, thereby minimizing the hazardous effects of untreated waste on the environment.
The outbreak of the coronavirus disease (COVID-19) has positively impacted the market growth as incinerators are being used to treat biomedical waste, such as personal protection equipment (PPE), gloves and masks, and solid waste generated from quarantine centers.
The global incinerator market is expected to reach US$ 17.5 Billion by 2025.
On the basis of the product type, moving grate represents the leading segment of the market. Other major product types include static hearth, furnace and multiple hearths, rotary kiln, and fluidized bed.
Based on the end user, the municipal sector dominates the market, followed by the industrial sector.
Region-wise, Asia Pacific exhibits a clear dominance in the market. Other major regions are North America, Europe, Latin America, and Middle East and Africa.
The leading key players operating in the industry are Babcock, Wilcox and Company, Covanta Energy Corporation, Constructions industrielles de la Méditerranée (CNIM) S.A, Suez Environment Co. S.A., Gershman, Brickner & Bratton, Inc., EEW Energy from Waste GmbH, Martin Gmbh, Wheelabrator Technologies, Inc. and Novo Energy, LLC.
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