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Incinerators Market By Product Type (Fluidized Bed Incinerator, Rotary Kiln Incinerator, Catalytic Combustion Incinerator, Multiple Hearth Incinerator and Liquid Injection Incinerator), By Application (Agricultural, Livestock, Industrial, Municipal and Medical) – Growth, Future Prospects and Competitive Analysis, 2018 - 2026

Growing urbanization, along with a significant rate of waste generation, will dictate the growth of the incinerator market.

The global incinerators market was valued at US$ 12.4 billion in 2017 and is expected to see a significant increase, growing at a CAGR of 4.22% from 2018 to 2026. The rate of waste generation is rising at a tremendous pace across the world, credited to a rapidly growing population along with the urbanization trend. In 2016, solid waste generation across urban areas in the world accounted for 2.01 billion tonnes. Annual waste generation is expected to reach 3.40 billion tonnes by 2050 at this rate. Furthermore, rising advancements in technology are expected to enhance performance and provide lucrative opportunities to incinerator manufacturers across the world.

Municipal Application to Demonstrate a Faster Growth Rate in the Incinerators Market

Municipal applications of incinerators not only include treating typically mixed and largely untreated household and domestic wastes but also certain industrial and commercial wastes. The global municipal solid waste generation currently stands at 1.3 billion tonnes per year and is expected to surpass 2 billion tonnes per year by 2025. Higher municipal waste generation rates are majorly stimulated by the degree of industrialization, growing urbanization, economic development, and public habits. Urban residents generate twice as much waste as their rural counterparts. In 2016, there were over 500 incinerators operating across municipal applications. Over 1/4th of the municipal waste generated in Europe is treated by incineration. With such a promising rate, municipal applications are set to witness a higher CAGR compared to other applications across the forecast period.

Consistent Industrial Development to Ensure Asia Pacific's Fastest Growth in the Incinerators Market

The Asia Pacific region is expected to demonstrate the highest market growth throughout the forecast period, primarily due to the rapid development of the industrial sector and population. Asia-Pacific markets are witnessing extraordinary growth, with Japan, China, and India contributing notably to global industrial exports. Compared to developed markets, residents in developing countries, especially the urban poor, are severely affected by unsustainably managed waste. In countries with lower per capita income, over 90% of waste is usually burned in open spaces or disposed of in unregulated dumps.

These practices paved the way for serious environmental, safety, and health consequences. Unorganized waste serves as a breeding space for disease vectors that contribute to climate change through methane generation. Proper management of waste is essential for maintaining sustainable and livable cities, but that remains a challenge for several developing countries. With constant technological developments, incinerators have become more efficient, sustainable, and socially supported, thereby driving their rapid adoption across the Asia-Pacific region.

Covanta Energy Corporation, Novo Energy, LLC, Construction Industrielles de la Mediterranee S.A., Suez Environment Co. S.A., Wheelabrator Technologies, Brickner & Bratton, Inc., Martin GmbH, Gershman, Babcock & Wilcox Corporation, EEW Energy from Waste GmbH, and others are key players in the global incinerators market.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The incinerators market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global incinerators market based on product type, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of incinerators in 2017, and what is the forecast up to 2026?
  • Which is the largest regional market for incinerators?
  • What are the key market trends observed in the incinerator market and the outlook for waste treatment facilities?
  • Which are the most promising product type and applications in the incinerator market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key waste management regulatory trends across different geographies and sub-geographies?

Frequently Asked Questions:

The market for Incinerators Market is expected to reach US$ 12.4 Bn by 2026.

The Incinerators Market is expected to see significant CAGR growth over the coming years, at 4.22%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Novo Energy, LLC, Construction Industrielles de la Mediterranee S.A., Suez Environment Co. S.A., Wheelabrator Technologies, Brickner & Bratton, Inc., Martin GmbH, Gershman, Babcock & Wilcox Corporation are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Mar 2019
Category:  Technology & Media
Report ID:   59633
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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