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According to the estimates by IMARC Group, the global incinerator market is expected to exhibit moderate growth during 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.
The global incinerator market size was valued at US$ 13.3 Billion in 2020.
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