According to the report, the global land incineration plants market, which was valued US$43.93 bn in 2014, is expected to reach US$68.71 bn by 2023, expanding at a CAGR of 5.5% from 2015 to 2023.
Incinerators are industrial facilities where the controlled burning of waste materials take place. The major benefit of using incinerators is the large reductions achieved in the mass and volume of waste.
Factors such as the growing population and industrialization have significantly increased the municipal waste across the globe. Municipal solid waste is generally treated by dumping into landfills.
These technologies have helped reduce the level of environmental pollution. Of the many technologies used, incineration is the most widely accepted technology to manage waste across several countries.
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Land incineration plants burn waste and the heat thus generated is transferred to a waste-to-energy plant, which is then used to generate electricity. Moreover, the bottom ash produced in the incineration process is used by the cement plants for the production of cement.
A typical land incineration plant is equipped with waste receipt and handling system, combustion systems, incinerators, heat recovery systems, combustion solid residue handling systems, and air pollution control systems. Of these, incinerators play a major role in the land incineration plant by reducing the mass of municipal waste by almost 80% and volume by 90%.
The global land incineration plants market is driven by the high generation of waste across the globe. The promotion of incineration plants by governments and local authorities across the world is also behind the growth of the market.
The introduction of higher landfill taxes in several countries such as the U.K. and New Zealand has also boosted the market.
On the other hand, incinerator plants face a lot of public opposition and protests owing to the emission of flue gas. This is acting as a major challenge for the land incineration plants market.
However, modern land incineration plants are adopting several advanced technologies that have proven to decrease the emission of flue gas. These advanced and sustainable technologies are expected to provide new opportunities for growth in the land incineration plants market.
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The global land incineration plants market is segmented on the basis of geography and capacity of incineration. On the basis of geography, the market is segmented into Asia Pacific, North America, Europe, and the Rest of the World.
While Europe dominated the market in 2014, the Rest of the World is expected to witness a significant growth in the future owing to anti-dumping and anti-landfills related regulations.
On the basis of capacity, the market is segmented into small and medium capacity and large capacity. In 2014, the large capacity incineration plants segment represented a share of 89% in the global land incineration plants market.
The report profiles key players operating in the land incineration plants market such as: Keppel Seghers Engineering Singapore Pte, Ltd., Kawasaki Heavy Industries, Ltd., Suez Environment Company, Hitachi Zosen Inova AG, Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), and Babcock & Wilcox Enterprises, Inc.
The global land incineration plants market has been segmented as follows:
- Small & Medium Capacity
- Large Capacity
Land Incineration Plants Market: By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
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