The global incinerator market size reached US$ 14.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 19.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.63% during 2023-2028.
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.
2. What is the expected growth rate of the global incinerator market during 2023-2028?
3. What are the key factors driving the global incinerator market?
4. What has been the impact of COVID-19 on the global incinerator market?
5. What is the breakup of the global incinerator market based on the product type?
6. What is the breakup of the global incinerator market based on the end-use sector?
7. What are the key regions in the global incinerator market?
8. Who are the key players/companies in the global incinerator market?
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.
Global Incinerator Market Trends:
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.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global incinerator market report, along with forecasts at the global and regional levels from 2023-2028. The report has categorized the market based on product type and end-use sector.Breakup by Product Type:
- Moving Grate
- Static Hearth, Furnace and Multiple Hearth
- Rotary Kiln
- Fluidized Bed
Breakup by End-Use Sector:
- Municipal Sector
- Industrial Sector
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape:
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.
- Novo Energy LLC.
Key Questions Answered in This Report
1. What was the size of the global incinerator market in 2022?2. What is the expected growth rate of the global incinerator market during 2023-2028?
3. What are the key factors driving the global incinerator market?
4. What has been the impact of COVID-19 on the global incinerator market?
5. What is the breakup of the global incinerator market based on the product type?
6. What is the breakup of the global incinerator market based on the end-use sector?
7. What are the key regions in the global incinerator market?
8. Who are the key players/companies in the global incinerator market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Incinerator Market
6 Market Breakup by Product Type
7 Market Breakup by End-Use Sector
8 Market Breakup by Region
9 Competitive Landscape
Companies Mentioned
- 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.
- Novo Energy LLC
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 149 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 14.9 Billion |
Forecasted Market Value ( USD | $ 19.6 Billion |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |