According to the latest report by IMARC Group, titled “Incinerator Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027”, the global incinerator market reached a value of US$ 14.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.87 Billion by 2027, exhibiting at a CAGR of 4.74% during 2022-2027. Incineration refers to a waste treatment process which includes the combustion of organic substances present in waste materials. The heat generated during the process is further employed for the production of electricity. Incineration equipment is widely used in the management of medical, chemical, sewage, building, agricultural and municipality wastes. As this process assists in reducing the volume of solid waste significantly, the demand for incinerators is increasing across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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Market Trends:
Incinerators are one of the most popular waste-to-energy technologies used around the world for processing non-renewable waste. They aid in reducing the cost of transportation of waste as well as lowering the emissions of harmful gases generated from landfills. They also help in curbing soil pollution by preventing the toxic elements of untreated waste from leaching into the soil. The growing environmental concerns in confluence with the increasing amounts of pollution, primarily in urban areas, is one of the primary factors impacting the demand for incinerators. Apart from this, the declining availability of landfills and the increased potential offered by these devices to deal with plastic and non-organic waste is also strengthening the growth of the market.
Competitive Landscape:
- 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
- Novo Energy, LLC.
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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