PUBLISHER: Allied Market Research | PRODUCT CODE: 1140081
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140081
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
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
Key Market Segments
By Product Type
By Operation
By End User Industry
By Region