The global incinerator market size was valued at $14,764.9 million in 2021, and is projected to reach $22,604.9 million by 2031, registering a CAGR of 4.2% from 2022 to 2031. Waste management facilities often use incinerators to dispose of the waste by burning it in an enclosure with controlled environment. This enables the waste to be disposed-off with minimal environmental impact
Incinerator are available in a wide range of sizes, capacities, and types in the market, thereby making it usable by small- and large-scale industries and waste management facilities. The incinerators are registering a rise in popularity owing to its ability to dispose-off waste by burning it and generating electricity with the heat generated during the incineration process.
The rise in global population and global trade has significantly increased the amount of waste generated each year. In addition, growth in medical sector, owing to rise in population and onset of new viruses and diseases is anticipated to drive the demand for incinerators, as they are significantly used for medical waste disposal. Moreover, rise in industrialization across the world, especially in the emerging nations, is also playing crucial role in more waste generation. This is expected to drive the demand for incinerators during the forecast period. However, high cost of operation and installation of incinerators, is major restraint in the growth of the market. Furthermore, development of technology to efficiently collect CO2 generated during incineration. This is expected to provide lucrative opportunities for the growth of the market.
The global incinerator market is segmented on the basis of product type, process, end-user industry and region. By product type, the market is categorized into rotary kiln, fluidized bed, liquid injection, and others. On the basis of process, it is bifurcated into controlled air incinerators, and excess air incinerators. And on the basis on end user, the market is categorized into municipal and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market
Incinerator are available in a wide range of sizes, capacities, and types in the market, thereby making it usable by small- and large-scale industries and waste management facilities. The incinerators are registering a rise in popularity owing to its ability to dispose-off waste by burning it and generating electricity with the heat generated during the incineration process.
The rise in global population and global trade has significantly increased the amount of waste generated each year. In addition, growth in medical sector, owing to rise in population and onset of new viruses and diseases is anticipated to drive the demand for incinerators, as they are significantly used for medical waste disposal. Moreover, rise in industrialization across the world, especially in the emerging nations, is also playing crucial role in more waste generation. This is expected to drive the demand for incinerators during the forecast period. However, high cost of operation and installation of incinerators, is major restraint in the growth of the market. Furthermore, development of technology to efficiently collect CO2 generated during incineration. This is expected to provide lucrative opportunities for the growth of the market.
The global incinerator market is segmented on the basis of product type, process, end-user industry and region. By product type, the market is categorized into rotary kiln, fluidized bed, liquid injection, and others. On the basis of process, it is bifurcated into controlled air incinerators, and excess air incinerators. And on the basis on end user, the market is categorized into municipal and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market
COMPETITION ANALYSIS
Key companies profiled in the incinerator market report include ACS Inc. Alfa Therm, Atlas Incinerator ApS, Babcock & Wilcox Co., Chuwa Industrial Corporation, Dutch Incinerators, Eco Concepts, EEW Energy, Haat Incinerator India Pvt. Ltd., Incinco Ltd, Inciner8 Limited, Keller Manufacturing, Inc., Ketek Group, Maximus Envirotech Pvt. Ltd., Shandong Better Environmental Protection Technology Co., Ltd., Vikas Incinerator, and Waste Spectrum Incineration Systems.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the incinerator market analysis from 2021 to 2031 to identify the prevailing incinerator market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the incinerator market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global incinerator market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Rotary Kiln
- Fluidized Bed
- Liquid Injection
- Others
By Operation
- Controlled Air Incinerators
- Excess Air Incinerators
By End User Industry
- Minicipal
- Waste Type
- Municipal Solid Waste
- Hazardous Waste
- Medical Waste
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Vietnam
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- UAE
- South Africa
- Kenya
Key Market Players
- Eco Concepts
- ACS Inc.
- Alfa Therm
- Atlas Incinerator ApS
- Babcock and Wilcox co.
- Chuwa Industrial Corporation
- Dutch Incinerators
- EEW Energy
- Haat Incinerator India Pvt. Ltd.
- Incinco Ltd
- Inciner8 Limited
- Keller Manufacturing, Inc.
- Ketek Group
- Maximus Envirotech Pvt. Ltd.
- Shandong Better Environmental Protection Technology Co., Ltd.
- Vikas Incinerator
- Waste Spectrum Incineration Systems
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INCINERATOR MARKET, BY PRODUCT TYPE
CHAPTER 5: INCINERATOR MARKET, BY OPERATION
CHAPTER 6: INCINERATOR MARKET, BY END USER INDUSTRY
CHAPTER 7: INCINERATOR MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Incinerator Market," the incinerator market size was valued at $14.8 billion in 2021, and is estimated to reach $22.6 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.Commonly observed product types of incinerators are rotary kiln, fluidized bed, liquid injection, and others. Among these, the rotary kiln segment accounted for the highest market share in 2021, owing to its easy construction and high efficiency. The market is analyzed with respect to different process types, such as controlled air incinerators, and excess air incinerators. Among these the controlled air incinerators segment accounted for a high revenue share in 2021. The market is mainly driven by rise in global population which has led to rapid rise in hazardous and non-hazardous waste. Furthermore, on the basis of end user industry, the industrial segment is anticipated to grow rapidly, during the forecast period, owing to the rapid rise in industrialization in emerging economies. However, the high upfront cost of incinerator constraints incinerator market growth.
In 2021, Asia-Pacific dominated the global incinerator market share, in terms of revenue, followed by Europe and North America. Moreover, the market in LAMEA is anticipated to grow with high CAGR, rapid growth in industrialization.
The advancements in technology that enables the incinerator operators to effectively collect CO2 from the exhaust of incinerators is anticipated to encourage more acceptance of incinerators; thereby, providing lucrative opportunities for the market growth.
Moreover, governments across the world are moving toward sustainability. Recently, in June 2020, waste to Wealth Mission of India launched a program called ‘Biomedical Waste Treatment Innovation Challenge’. This challenge was won by a startup Ganesh Engineering Works, which developed a decentralized biomedical waste incinerator. This new innovative incinerator is expected to be setup in healthcare facilities in Buxer city of Bihar state of India.
However, during the pandemic lockdown, various manufacturers in the incinerator market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of incinerator manufacturing companies. However, medical sector during COVID-19, helped the incinerator market to not decline at a significant pace. Moreover, lack of manpower and raw materials constricted supply of raw materials for incinerator; thus, negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.
Key companies profiled in the incinerator market forecast report include ACS Inc. Alfa Therm, Atlas Incinerator ApS, Babcock & Wilcox Co., Chuwa Industrial Corporation, Dutch Incinerators, Eco Concepts, EEW Energy, Haat Incinerator India Pvt. Ltd., Incinco Ltd, Inciner8 Limited, Keller Manufacturing, Inc., Ketek Group, Maximus Envirotech Pvt. Ltd., Shandong Better Environmental Protection Technology Co., Ltd., Vikas Incinerator, and Waste Spectrum Incineration Systems.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging incinerator market trends and dynamics.
- Depending on product type, the rotary kiln segment dominated the incinerator market, in terms of revenue in 2021. And, the liquid injection segment is projected to grow at a significant CAGR during the forecast period.
- By process, the controlled air incinerators segment accounted for the highest revenue share in 2021.
- By end-user industry, industrial segment registered highest revenue in 2021.
- LAMEA is projected to register highest growth rate in the coming years.
- The key players within the incinerator market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the incinerator industry.
- The report provides an extensive analysis of incinerator market opportunities.
- In-depth incinerator market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- Eco Concepts
- Acs Inc.
- Alfa Therm
- Atlas Incinerator Aps
- Babcock and Wilcox Co.
- Chuwa Industrial Corporation
- Dutch Incinerators
- Eew Energy
- Haat Incinerator India Pvt. Ltd.
- Incinco Ltd
- Inciner8 Limited
- Keller Manufacturing, Inc.
- Ketek Group
- Maximus Envirotech Pvt. Ltd.
- Shandong Better Environmental Protection Technology Co. Ltd.
- Vikas Incinerator
- Waste Spectrum Incineration Systems
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 318 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 14764.9 million |
| Forecasted Market Value ( USD | $ 22604.9 million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
