Mounting Need for Effective Waste Management Techniques to Drive Demand for Incinerator Equipment, says TMR

Owing to the flourishing market for waste management equipment and technologies, the demand for incinerator equipment is anticipated to significantly rise, states Transparency Market Research in a new report. The report is titled, “Incinerator Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

The report on the global incinerator equipment market is an in-depth analysis of the companies, segments, regions, and their strategies, positions, revenue generated, the volume produced and consumed and share in the global incinerator equipment market. According to the report, the mounting concerns over recycling of industrial waste is anticipated to drive the adoption of incinerator equipment across various industries.

The report states that the adoption of incinerator equipment aids in the minimization of transportation costs incurred on sending waste to landfills. Incinerator technologies also reduce the pressure executed on the available land resources. The study also states that the use of incinerator technologies helps in the elimination of harmful gases from the atmosphere produced from landfills. Incinerator equipment are effective on the reduction of environmental risks as well.

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The industrial expansion in emerging economies is expected to drive the demand for incinerator equipment. The growth in the power generation industry across the world is further expected to expand the adoption of incinerator equipment in the coming years. Moreover, the implementation and revision of emissions laws and environmental regulations imposed by governments across the world are factors that are likely to influence industries to adopt incinerator equipment. Manufacturers of incinerator equipment are likely to gain lucrative growth opportunities from shifting their focus towards the growing industrial sector of emerging economies.

The global incinerator equipment market is expected to be negatively impacted by various regulatory policies imposed by various regulatory bodies regarding the high amount of carbon and toxic chemicals emitted during the waste treatment procedure. The U.S. Environmental Protection Agency (USEPA) imposed stringent regulations on the emission of dioxins, which has led to an increased deployment of incinerator equipment. Furthermore, the high initial cost of setting up an incineration plant is another factor that is expected to inhibit the growth of the global incinerator equipment market. The lack of skilled personnel required to operate incinerator equipment and the need for regular maintenance are likely to affect the adoption of incinerator equipment in the future.

However, ongoing research for the development of technologically advanced incinerators with relatively cleaner combustion capacity are anticipated to drive the growth of the global incinerator equipment market in the coming years. The mass participation of private and public companies in the manufacturing incinerator equipment is likely to augment the growth of the market in future. The key players operating in the global incinerator equipment are Nova Energy LLC, Greshman, Wheelabrator Technologies, Martin GmbH, Covanta Energy Corp., Suez Environment Co., and Brickner & Bratton, Inc. among others.

Incinerator Equipment Market Global Market Opportunity Assessment Study 2024.

Incinerator Equipment Market: Overview

The incinerators are equipment used for treatment of waste through the combustion of organic substances present in it. In this process, waste materials are converted into ash, flue gas and heat wherein the heat produced is further used for generating electricity. The furnace utilized in combustion process is automatically monitored and controlled to ensure efficient and safe operations.

The global incinerator equipment market can be divided as per applications, technologies and geographies. These equipment are broadly used in municipal wastes, chemical and industrial wastes, agricultural incineration, sewage incineration, building wastes, ashes and medical waste incineration. Major incinerator technologies include rotary kiln, static furnace, fluidised bed, liquid injection, catalytic combustion multiple hearth incinerator, direct flame, waste gas flare and moving grate incinerator. Among these technologies, rotary kiln, liquid injection and fluidised bed are more prevalent in the industry due to its flexibility and usage in large number of applications.

The waste combustion process through incinerator equipment is particularly undertaken in Japan due to scarcity of available land resource. Sweden and Denmark have been the leaders in generation of energy through incineration process. The other countries that are heavily depending on incinerators include Germany, Luxembourg, France and the Netherlands.

Incinerator Equipment Market: Drivers and Restraints

The growing market for waste management technologies is the major factor driving the global incinerator equipment market. The incinerator process helps minimize cost of transportation of waste to landfills as well as reduce pressure executed on available land. In addition to this, it also helps eliminate harmful gases produced from the landfills thus reducing environmental risks. However, the market is greatly affected due to the regulatory policies concerning carbon emissions, implemented by various organisations such as US Environmental Protection Agency (USEPA). Dioxins which are produced on a large scale during waste treatment process are very toxic due to high content of carcinogenic chemicals in it. Due to high set up cost of incineration plant, it is mainly introduced in line with waste to energy plants rather than separate installation. Also there is rising need for skilled professionals to efficiently manage continuous operation and maintenance of the incinerator equipment.Top of Form

Incinerator Equipment Market: Defining Trends

Incinerators with cleaner combustion and newer technology are expected to be the future trends for this market. Rapid technological development has been ongoing to initiate technologies at economical costs and with improved environmental performance. The energy generated from the incineration process is highly regulated and is generally provided to limited private and public operators. Since the tariff of electricity produced through incineration is exclusively based on production costs, the government is planning to subsidize the prices to make it affordable for the consumers to purchase the energy produced.

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A large scale participation of private players has been encouraged by the government so as to overcome the huge investments associated with the development of incineration plants. In addition to this, combined involvement of public as well as private companies has reduced the ownership issues which initially would have affected waste management and energy generation process. The appropriate location of the plant is also essential to initiate cost effective services for waste disposal.

Incinerator Equipment Market: Competitive Insight

Some of the key players in this market include Suez Environment Co. S.A., Brickner & Bratton, Inc, and EEW Energy from Waste GmbH, Babcock & Wilcox Co., Covanta Energy Corp., Martin GmbH, Wheelabrator Technologies, Constructions Industrielled de la Méditerranée S.A., Greshman, and Nova Energy LLC. Large number of local and international brands and companies are focusing on development of incinerators through huge investments in order to reduce dependency on land resource for waste disposal.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.