Incinerator Market Research, 2031
The global incinerator market size was valued at $14.8 billion in 2021, and is projected to reach $22.6 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031. Incinerators are the industrial equipment used for properly disposing off the waste by application of heat; thereby, igniting the waste within an enclosed chamber.
Waste generation is an inseparable part of any type of human activities, such as industrial or other day to day activities. If not disposed-off properly, the waste generated can lead to environment pollution, diseases, and unpleasant streets, facilities and homes. Moreover, traditionally the waste has largely been disposed via land-fill method. However, land-fill method leads to land, water and air pollution. To address this drawback of land fill, incineration technique is used. Incinerators combust the waste in controlled environment; thus, preventing harmful smoke to be released in the environment. Moreover, it reduces the volume of waste by a factor of around 80-90%, which makes it easier to manage and transport. In addition, this method does not require the use of valuable land. Thus, owing to such factors, the demand for incinerator is anticipated to rise during the forecast period.
Furthermore, global population and global trade is rising. This is driving the demand in industrial sector such as food & beverage, automotive, plastic, cosmetics, and other sectors. Such industries generate a large amount of hazardous and non-hazardous waste each year, which is responsible for land, air, and water pollution. Thus, such waste is often disposed via incineration; thereby, driving the demand for incinerators. Moreover, municipal waste such as plastic bags, rotten food, grass clippings, textiles and others are also disposed-off using incinerators. In addition to this, increase in old-age population, and increased onset of contagious and non-contagious diseases are few major factors driving the growth of medical and health-care sector. Since medical waste is often contaminated with various diseases, it needs to be incinerated to prevent any possibility of a disease out-break. Moreover, the heat generated from the waste is largely used for electricity generation. Furthermore, electronics manufacturing sector is also witnessing a rise owing to rise in technological advancements and disposable income of people around the world. Furthermore, development of methods that are expected to reduce the climate impacts of waste incineration is anticipated to provide lucrative opportunities for the incinerator market growth.
Major players in the industry offer innovative incinerators to remain competitive in the market. For instance, incinerator manufacturers such as Inciner8 Limited, and ATI industries offer computer based semi-automated incinerators.
The novel coronavirus had rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic had halted the production of many components of incinerator due to lockdown. However, medical sector prevented the incinerator industry from taking a steep dive, and kept some demand alive. Moreover, owing to the introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022 the number of COVID-19 cases have diminished significantly. This has led to the full-fledged reopening of incinerator manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Furthermore, various government initiatives that are meant to support the growth of the small-scale industries especially in the developing nations is anticipated to increase the number of industries, which in turn lead to more industrial waste. This is expected to provide further growth opportunities for the incinerators market.
The incinerator market is segmented into Product Type, Operation and End User Industry. 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. Asia-Pacific dominated the market in 2021, accounting for largest incinerator market share. LAMEA is anticipated to grow with the highest CAGR throughout the forecast period. This is attributed to high growth rate of the region and a significantly large industry.
Competition Analysis
Key companies profiled in the incinerator market forecast 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
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the incinerator market analysis from 2021 to 2031 to identify the prevailing incinerator market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the incinerator market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global incinerator market trends, key players, market segments, application areas, and market growth strategies.
Incinerator Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Operation |
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 By End User Industry |
|
 By Region |
|
 Key Market Players | Alfa Therm, Keller Manufacturing, Inc., ACS Inc., Dutch Incinerators, Chuwa Industrial Corporation, Ketek Group, Incinco Ltd, Vikas Incinerator, Waste Spectrum Incineration Systems, EEW Energy, Shandong Better Environmental Protection Technology Co., Ltd., Atlas Incinerator ApS, Eco Concepts, Haat Incinerator India Pvt. Ltd., Inciner8 Limited, Babcock and Wilcox co., Maximus Envirotech Pvt. Ltd. |
Analyst Review
The incinerator market has witnessed significant growth in past few years, owing to surge in global population and industrialization.
Almost all the human activities generate waste that is hazardous and non-hazardous in nature. Traditionally the waste has largely been disposed-off via land-fill methods. However, apart from land-fill being more polluting in nature, it requires a significantly large land. Allocating large patches of land for land-fills is virtually impossible for countries having smaller area, such as Japan, Philippines, Singapore, and others. This factor drives the demand for incinerators in such countries. Furthermore, rise in global population and urbanization is playing a crucial role in more waste generation each year. Furthermore, increased demand in medical sector across the world has increased the demand for incinerator, as medical sector generates highly hazardous waste. In addition, incinerators are used extensively across industries for waste disposal. Moreover, various government led initiatives that are meant to support the growth of small-scale industries is expected to drive the incinerator market growth especially in developing economies.
In addition, various technological advancements that control the amount of CO2 released in the atmosphere during incineration is anticipated to encourage more acceptance of incinerators is expected to provide lucrative opportunities for incinerator market growth
Development of energy efficient incinerators is a major trend in the market.
Incinerators are extensively used in various industrial and research facilities.
Asia-Pacific is the largest regional market for Incinerator.
$14,764.9 Million is the estimated industry size of Incinerator.
ACS Inc. Alfa Therm, Atlas Incinerator ApS, Babcock & Wilcox Co., Chuwa Industrial Corporation, Dutch Incinerators and Eco Concepts are some of the top companies to hold the market share in Incinerator.
Based on type, the rotary kiln holds the maximum market share of the Incinerator market in 2021.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
$22,604.9 Million is the estimated industry size of Incinerator Market in 2031.
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