Incinerator Market Outlook - 2027

Incinerators are equipment that allow organic materials or substance to combust. Incineration process is commonly adopted by waste management and waste treatment plants. It burns all substances in bulk to produce thermal energy. The heat produced by an incinerator can be used to generate steam which may then be used to drive a turbine in order to produce electricity. From this, the recent designs of incinerators have their use in monitoring and controlling the combustion process. There are different varieties of incinerators in the market such as fluidized bed incinerator, rotary kiln incinerator, static hearth incinerator, moving grate incinerator, static furnace, and multiple hearth incinerator. These equipment are utilized in power generation, waste management, and other industrial purposes. North America and Europe have dominated the incinerators market. However, Asia-Pacific and RoW are expected to become the major markets for incinerators.

In addition, incineration is a waste treatment process that involves the combustion of organic substances contained in waste materials. Incineration and other high-temperature waste treatment systems are referred as thermal treatment. In some cases, the heat generated by incineration can be used to generate electric power.

Market scope and structure analysis:

COVID-19 scenario analysis: 

• COVID-19 pandemic has shut-down the production of various products in the incinerator market, owing to the prolonged lockdown in major countries. This has hampered the growth of the incinerator market significantly from the last few months, and is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth during the year.
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which are badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Incinerators are used in waste management and considering their importance, they have high demand in the market.

• Growing waste management techniques 

One of the major driving factors of this market is the growing market for waste management techniques. Rise in waste generation also spurs the demand for incinerators. However, regulatory law enforcement of carbon emission by various organizations, such as the U.S. Environmental Protection Agency (USEPA), may impact the incinerators market in some regions. Incinerators with cleaner combustion and newer technology are expected to be the future trends for this market.

Increase in amount of waste is expected to be the key driver for the global incinerator market growth over the forecast period. Increase in pollution and rise in concerns related to its hazardous effects are anticipated to catapult the product demand.

Technological developments have resulted in rise in number of techniques for incineration, which is also expected to contribute to future growth. Untreated waste may even result in soil pollution, which is harmful for plants, thereby propelling the incinerator industry growth over the next several years. Dumping waste at a particular location makes the surroundings uninhabitable, which is also expected to instigate government to make some provision for the same.

Furthermore, incinerator is the machinery used for generation of energy from combustion of waste. During incineration process, several harmful waste materials that are treated are converted into gases, heat energy, and particles. These are later used for generation of electricity.

• Growing need for alternate source of electricity

The growing need for alternate source of electricity is expected to surge the product demand over the foreseeable future. However, this process may also release several gases in the air that are harmful to environment, thereby hampering the incinerator market expansion over the forecast period. This has instigated governments to make regulations regarding the use of incinerator, thereby escalating the challenge.
Incineration and landfills are expected to be the preferred methods of disposal in North America, owing to the need for better living conditions. Moreover, in Europe, waste management practice is expected to incline more toward incineration than land-filling, owing to less idle land available and development of the alternate energy sector in this region. 

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the incinerator market along with the current trends and future estimations to determine the future of the market. 
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the incinerator market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the incinerator market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.