*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global incinerator market reached a value of US$ 13.3 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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.
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.
Regional Insights:
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
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 size was valued at US$ 14.14 Billion in 2020.
According to the estimates by IMARC Group, the global incinerator market is expected to witness a CAGR of 7.10% from 2021 to 2026.
The extensive utilization of incinerators for the management of chemical wastes, medical wastes, agricultural wastes, building and municipality wastes, etc., is one of the key drivers for the global incinerator market.
The growing environmental concerns towards the increasing land pollution is augmenting the demand for incinerator to minimize the effects of untreated waste on the environment, thereby representing one of the key trends in the global incinerator market.
Sudden outbreak of the COVID-19 pandemic has catalyzed the use of incinerator to treat biomedical waste, such as personal protection equipment (PPE), gloves and masks, and solid waste generated from quarantine centers.
On the basis of the product type, the market has been bifurcated into moving grate, static hearth, furnace and multiple hearth, rotary kiln, and fluidized bed. Currently, moving grate holds the majority of the total market share.
On the basis of the end-use sector, the market has been segmented into municipal sector and industrial sector. At present, municipal sector exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global incinerator market are Babcock & Wilcox Co., Covanta Energy Corp., SUEZ Environnement SA, Constructions Industrielles de la Méditerranée S.A, Gershman, Brickner & Bratton, Inc., EEW Energy from Waste GmbH, Martin GmbH, Wheelabrator Technologies Holdings Inc., and Novo Energy, LLC.
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