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 is a type of technology used for the treatment of waste products through their combustion. The heat produced during the incineration process is used to generate electricity, whereas the waste materials are converted into fly gas and residual ash. They are, thus, primarily used for the management of medical wastes, chemical wastes, agricultural wastes, sewage incineration, and building and municipality wastes. Currently, the commonly available incinerators include fluidized beds, rotary kiln, liquid injection, catalytic combustion, multiple hearths, waste gas flare, and direct flame.
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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Global Incinerator Market Trends:
The ability of incinerators to treat non-organic and artificial waste represents one of the primary factors driving the market growth. Additionally, the increasing amount of waste generated from industries and commercial complexes is acting as another growth-inducing factor. This is further supported by the declining availability of landfills and the rising pollution, which, in turn, is facilitating the global demand for incinerators. Besides this, the growing environmental concerns have prompted governments to promote the utilization of incinerators as an alternative power generating tool, which is creating a positive outlook for the market.
Incinerator Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- 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.
Key Market Segmentation:
The report has segmented the global incinerator market on the basis of product type and,-use sector and region.
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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
