Incinerator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global incinerator market size reached US$ 14.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.63% during 2023-2028.
Incineration is a technology used for the treatment of waste products by combusting the organic substances present in it. Waste materials combusted in this process are converted into residual ash, fly gas (from incombustible materials), and heat. Incinerators are great waste management tools and the heat produced during the process is further used in the generation of electricity. To ensure safe and efficient operations, the furnace used during the combustion process is automatically monitored and controlled. Incinerators help curb down the solid mass of waste by almost 80-85% and the total volume by 95-96% which substantially reduces the requisite volume of disposal. Various types of incinerators that are currently available in the market include rotary kiln, fluidized bed, liquid injection, multiple hearths, catalytic combustion, waste gas flare, direct-flame, etc. Incinerators are mostly used for the management of chemical wastes, medical wastes, sewage incineration, agricultural wastes, building and municipality wastes, etc. Apart from this, thermal incinerators are used to reduce the waste from rector vents, distillation vents, solvent operations, and operations conducted in ovens and dryers.
Global Incinerator Market Trends:
Catalyzed by better waste management and the ability to handle a large quantity of the total waste generated in urban areas, the demand of various types of incinerators is undergoing strong growth. Moreover, the demand of incinerators is also being driven by a decline in the availability of landfills and the ability of incinerators to deal with artificial and non-organic waste. Additionally, incinerators keep a check on the rising levels of soil pollution, thereby minimizing the hazardous effects of untreated waste on the environment. Moreover, facilities carrying out the incineration process can be located close to the center of gravity of waste generation, as a result reducing the cost of waste transportation. Other factors that are currently driving this market include production of energy as a byproduct, uncontaminated groundwater, low carbon footprint, lower land requirements, etc.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global incinerator market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on product type and end-use sector.
Breakup by Product Type:
Moving Grate
Static Hearth, Furnace and Multiple Hearth
Rotary Kiln
Fluidized Bed
Based on the product type, the market has been segmented into moving grate; static hearth, furnace and multiple hearth; rotary kiln; and fluidized bed. Moving grate currently represents the biggest segment.
Breakup by End-Use Sector:
Municipal Sector
Industrial Sector
Based on the end-use sector, the market has been segmented into municipal sector and industrial sector.
Regional Insights:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Asia Pacific currently represents the biggest market.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being
Babcock & Wilcox Co.
Covanta Energy Corp.
Suez Environnement Co. S.A.
Constructions industrielles de la Mйditerranйe S.A
Gershman, Brickner & Bratton Inc.
EEW Energy from Waste Gmbh
Martin Gmbh
Wheelabrator Technologies Inc.
Novo Energy LLC.
This report provides a deep insight into the global incinerator market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the incinerator industry in any manner.
Key Questions Answered in This Report
1. What was the size of the global incinerator market in 2022?
2. What is the expected growth rate of the global incinerator market during 2023-2028?
3. What are the key factors driving the global incinerator market?
4. What has been the impact of COVID-19 on the global incinerator market?
5. What is the breakup of the global incinerator market based on the product type?
6. What is the breakup of the global incinerator market based on the end-use sector?
7. What are the key regions in the global incinerator market?
8. Who are the key players/companies in the global incinerator market?
The global incinerator market size reached US$ 14.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.63% during 2023-2028.
Incineration is a technology used for the treatment of waste products by combusting the organic substances present in it. Waste materials combusted in this process are converted into residual ash, fly gas (from incombustible materials), and heat. Incinerators are great waste management tools and the heat produced during the process is further used in the generation of electricity. To ensure safe and efficient operations, the furnace used during the combustion process is automatically monitored and controlled. Incinerators help curb down the solid mass of waste by almost 80-85% and the total volume by 95-96% which substantially reduces the requisite volume of disposal. Various types of incinerators that are currently available in the market include rotary kiln, fluidized bed, liquid injection, multiple hearths, catalytic combustion, waste gas flare, direct-flame, etc. Incinerators are mostly used for the management of chemical wastes, medical wastes, sewage incineration, agricultural wastes, building and municipality wastes, etc. Apart from this, thermal incinerators are used to reduce the waste from rector vents, distillation vents, solvent operations, and operations conducted in ovens and dryers.
Global Incinerator Market Trends:
Catalyzed by better waste management and the ability to handle a large quantity of the total waste generated in urban areas, the demand of various types of incinerators is undergoing strong growth. Moreover, the demand of incinerators is also being driven by a decline in the availability of landfills and the ability of incinerators to deal with artificial and non-organic waste. Additionally, incinerators keep a check on the rising levels of soil pollution, thereby minimizing the hazardous effects of untreated waste on the environment. Moreover, facilities carrying out the incineration process can be located close to the center of gravity of waste generation, as a result reducing the cost of waste transportation. Other factors that are currently driving this market include production of energy as a byproduct, uncontaminated groundwater, low carbon footprint, lower land requirements, etc.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global incinerator market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on product type and end-use sector.
Breakup by Product Type:
Moving Grate
Static Hearth, Furnace and Multiple Hearth
Rotary Kiln
Fluidized Bed
Based on the product type, the market has been segmented into moving grate; static hearth, furnace and multiple hearth; rotary kiln; and fluidized bed. Moving grate currently represents the biggest segment.
Breakup by End-Use Sector:
Municipal Sector
Industrial Sector
Based on the end-use sector, the market has been segmented into municipal sector and industrial sector.
Regional Insights:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Asia Pacific currently represents the biggest market.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being
Babcock & Wilcox Co.
Covanta Energy Corp.
Suez Environnement Co. S.A.
Constructions industrielles de la Mйditerranйe S.A
Gershman, Brickner & Bratton Inc.
EEW Energy from Waste Gmbh
Martin Gmbh
Wheelabrator Technologies Inc.
Novo Energy LLC.
This report provides a deep insight into the global incinerator market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the incinerator industry in any manner.
Key Questions Answered in This Report
1. What was the size of the global incinerator market in 2022?
2. What is the expected growth rate of the global incinerator market during 2023-2028?
3. What are the key factors driving the global incinerator market?
4. What has been the impact of COVID-19 on the global incinerator market?
5. What is the breakup of the global incinerator market based on the product type?
6. What is the breakup of the global incinerator market based on the end-use sector?
7. What are the key regions in the global incinerator market?
8. Who are the key players/companies in the global incinerator market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL INCINERATOR MARKET
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Product Type
5.5Market Breakup by End-Use Sector
5.6Market Breakup by Region
5.7Market Forecast
5.8SWOT Analysis
5.8.1Overview
5.8.2Strengths
5.8.3Weaknesses
5.8.4Opportunities
5.8.5Threats
5.9Value Chain Analysis
5.10Porters Five Forces Analysis
5.10.1Overview
5.10.2Bargaining Power of Buyers
5.10.3Bargaining Power of Suppliers
5.10.4Degree of Competition
5.10.5Threat of New Entrants
5.10.6Threat of Substitutes
5.11Price Analysis
5.11.1Key Price Indicators
5.11.2Price Structure
5.11.3Margin Analysis
6 MARKET BREAKUP BY PRODUCT TYPE
6.1Moving Grate
6.1.1Market Trends
6.1.2Market Forecast
6.2Static Hearth, Furnace and Multiple Hearth
6.2.1Market Trends
6.2.2Market Forecast
6.3Rotary Kiln
6.3.1Market Trends
6.3.2Market Forecast
6.4Fluidized Bed
6.4.1Market Trends
6.4.2Market Forecast
7 MARKET BREAKUP BY END-USE SECTOR
7.1Municipal Sector
7.1.1Market Trends
7.1.2Market Forecast
7.2Industrial Sector
7.2.1Market Trends
7.2.2Market Forecast
8 MARKET BREAKUP BY REGION
8.1Asia Pacific
8.1.1Market Trends
8.1.2Market Forecast
8.2Europe
8.2.1Market Trends
8.2.2Market Forecast
8.3North America
8.3.1Market Trends
8.3.2Market Forecast
8.4Middle East and Africa
8.4.1Market Trends
8.4.2Market Forecast
8.5Latin America
8.5.1Market Trends
8.5.2Market Forecast
9 COMPETITIVE LANDSCAPE
9.1Market Structure
9.2Key Players
9.3Profiles of Key Players
9.3.1Babcock & Wilcox Co.
9.3.2Covanta Energy Corp.
9.3.3Suez Environnement Co. S.A.
9.3.4Constructions industrielles de la Mйditerranйe S.A
9.3.5Gershman, Brickner & Bratton Inc.
9.3.6EEW Energy from Waste Gmbh
9.3.7Martin Gmbh
9.3.8Wheelabrator Technologies Inc.
9.3.9Novo Energy LLC
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL INCINERATOR MARKET
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Product Type
5.5Market Breakup by End-Use Sector
5.6Market Breakup by Region
5.7Market Forecast
5.8SWOT Analysis
5.8.1Overview
5.8.2Strengths
5.8.3Weaknesses
5.8.4Opportunities
5.8.5Threats
5.9Value Chain Analysis
5.10Porters Five Forces Analysis
5.10.1Overview
5.10.2Bargaining Power of Buyers
5.10.3Bargaining Power of Suppliers
5.10.4Degree of Competition
5.10.5Threat of New Entrants
5.10.6Threat of Substitutes
5.11Price Analysis
5.11.1Key Price Indicators
5.11.2Price Structure
5.11.3Margin Analysis
6 MARKET BREAKUP BY PRODUCT TYPE
6.1Moving Grate
6.1.1Market Trends
6.1.2Market Forecast
6.2Static Hearth, Furnace and Multiple Hearth
6.2.1Market Trends
6.2.2Market Forecast
6.3Rotary Kiln
6.3.1Market Trends
6.3.2Market Forecast
6.4Fluidized Bed
6.4.1Market Trends
6.4.2Market Forecast
7 MARKET BREAKUP BY END-USE SECTOR
7.1Municipal Sector
7.1.1Market Trends
7.1.2Market Forecast
7.2Industrial Sector
7.2.1Market Trends
7.2.2Market Forecast
8 MARKET BREAKUP BY REGION
8.1Asia Pacific
8.1.1Market Trends
8.1.2Market Forecast
8.2Europe
8.2.1Market Trends
8.2.2Market Forecast
8.3North America
8.3.1Market Trends
8.3.2Market Forecast
8.4Middle East and Africa
8.4.1Market Trends
8.4.2Market Forecast
8.5Latin America
8.5.1Market Trends
8.5.2Market Forecast
9 COMPETITIVE LANDSCAPE
9.1Market Structure
9.2Key Players
9.3Profiles of Key Players
9.3.1Babcock & Wilcox Co.
9.3.2Covanta Energy Corp.
9.3.3Suez Environnement Co. S.A.
9.3.4Constructions industrielles de la Mйditerranйe S.A
9.3.5Gershman, Brickner & Bratton Inc.
9.3.6EEW Energy from Waste Gmbh
9.3.7Martin Gmbh
9.3.8Wheelabrator Technologies Inc.
9.3.9Novo Energy LLC
LIST OF TABLES
Table 1: Global: Incinerator Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Incinerator Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Incinerator Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 4: Global: Incinerator Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Incinerator Market: Competitive Structure
Table 6: Global: Incinerator Market: Key Players
Table 1: Global: Incinerator Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Incinerator Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Incinerator Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 4: Global: Incinerator Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Incinerator Market: Competitive Structure
Table 6: Global: Incinerator Market: Key Players
LIST OF FIGURES
Figure 1: Global: Incinerator Market: Major Drivers and Challenges
Figure 2: Global: Incinerator Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Incinerator Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Incinerator Market: Breakup by End-Use Sector (in %), 2022
Figure 5: Global: Incinerator Market: Breakup by Region (in %), 2022
Figure 6: Global: Incinerator Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Incinerator Industry: SWOT Analysis
Figure 8: Global: Incinerator Industry: Value Chain Analysis
Figure 9: Global: Incinerator Industry: Porter’s Five Forces Analysis
Figure 10: Global: Incinerator (Moving Grate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Incinerator (Moving Grate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Incinerator (Static Hearth, Furnace and Multiple Hearth) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Incinerator (Static Hearth, Furnace and Multiple Hearth) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Incinerator (Rotary Kiln) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Incinerator (Rotary Kiln) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Incinerator (Fluidized Bed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Incinerator (Fluidized Bed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Incinerator (Municipal Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Incinerator (Municipal Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Incinerator (Industrial Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Incinerator (Industrial Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Asia Pacific: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Asia Pacific: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Europe: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Europe: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Middle East and Africa: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Middle East and Africa: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Latin America: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Latin America: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 1: Global: Incinerator Market: Major Drivers and Challenges
Figure 2: Global: Incinerator Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Incinerator Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Incinerator Market: Breakup by End-Use Sector (in %), 2022
Figure 5: Global: Incinerator Market: Breakup by Region (in %), 2022
Figure 6: Global: Incinerator Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Incinerator Industry: SWOT Analysis
Figure 8: Global: Incinerator Industry: Value Chain Analysis
Figure 9: Global: Incinerator Industry: Porter’s Five Forces Analysis
Figure 10: Global: Incinerator (Moving Grate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Incinerator (Moving Grate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Incinerator (Static Hearth, Furnace and Multiple Hearth) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Incinerator (Static Hearth, Furnace and Multiple Hearth) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Incinerator (Rotary Kiln) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Incinerator (Rotary Kiln) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Incinerator (Fluidized Bed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Incinerator (Fluidized Bed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Incinerator (Municipal Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Incinerator (Municipal Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Incinerator (Industrial Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Incinerator (Industrial Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Asia Pacific: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Asia Pacific: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Europe: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Europe: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Middle East and Africa: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Middle East and Africa: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Latin America: Incinerator Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Latin America: Incinerator Market Forecast: Sales Value (in Million US$), 2023-2028
