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The Global Incineration Plants Market Size is estimated to grow by USD 54,379.62 million between 2022 and 2027 accelerating at a CAGR of 12%.
The decrease in the use of landfill due to limited land availability is the major factor driving the market growth. Solid waste management refers to the process of getting rid of the waste that can't be used anymore. This waste comes from various sources like homes, industries, and medical facilities, and can be harmful to the environment and human health if not disposed of properly. There are several methods of waste management, including landfill, incineration, composting, recycling, and gasification. Landfills have been the most popular method, but with limited space and environmental concerns, other methods like incineration are gaining popularity. This is leading to an increase in the demand for incineration plants, which is expected to drive the global land incineration plants market growth in the near future.
This land incineration plants market report extensively covers market segmentation by application (municipal and non-municipal), capacity (large capacity, medium capacity, and small capacity), and geography (Europe, APAC, Middle East and Africa, North America, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Toxic substances present in many solid waste materials can seep into the soil, contaminate groundwater, and harm the health of living beings, including plants, animals, and humans. Electronic waste, for example, contains hazardous metals like lead, mercury, and cadmium, while construction waste can contain asbestos and other toxic materials. When waste accumulates, it decomposes and releases methane, a potent greenhouse gas that contributes to global warming, resulting in extreme weather conditions and environmental pollution. The oceans are also affected by solid waste, as evidenced by the plastic garbage patch in the Pacific Ocean, which causes habitat destruction, species extinction, and the introduction of invasive species. The use of agricultural chemicals such as DDT, which finds its way into marine food chains, also poses a risk to marine life, with the brown pelican laying soft, prematurely hatched eggs due to its exposure to DDT.
The world's urban population is expected to produce three times more waste by 2100 than it does currently, resulting in a projected 70% increase in solid waste generation by 2025. This rapid increase in waste production requires the implementation of effective waste management systems to prevent severe environmental pollution. To address this issue, waste management techniques such as incineration are gaining popularity as they can not only reduce the volume of solid waste but also produce heat that can be used for various purposes, including electricity generation. To capitalize on this market potential, vendors are offering incineration systems for various applications. For example, Babcock and Wilcox supply the full combustion system, including crane, DynaGrate combustion grate system, boiler, ash handling, and particle and NOx reduction system at the Amager Bakke plant in Copenhagen. Consequently, the global incineration plants market is expected to grow during the forecast period due to increasing environmental concerns.
Integrated waste management system is a major trend in the market. The UN-Habitat developed the integrated waste management system (IWMS) framework for sustainable waste management. It comprises physical elements and governance strategies. The physical elements provide the necessary infrastructure for waste management, including waste collection, treatment, disposal, and 3Rs. The governance strategies include stakeholder involvement, financial stability, sound institutions, and proactive policies. The IWMS replaces waste with resources and aims to prevent and reduce waste, maximize recycling, and sort waste efficiently. It uses various technologies to treat waste and produce RDF, compost, biogas, and recyclable materials. The IWMS provides efficient waste management and is being adopted worldwide, with countries developing sustainable waste management plans. This adoption will drive the growth of the global land incineration plants market.
Incineration is a waste-to-energy (WTE) technology that involves burning waste to produce steam for generating electricity. While it is an attractive option, it can result in air, land, and water pollution if strict controls are not in place. Incinerators emit heavy metals, dioxins, and furans in waste gases, water, or ash. MSW incineration produces bottom ash and fly ash, which contain hazardous materials. Dioxins, the most toxic pollutants, are produced at various stages, including during heat recovery. In 2018, the US EPA developed new regulations to limit emissions of nine pollutants from solid waste incineration units, which could pose a challenge to the growth of the land incineration plants market.
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The market share growth by the municipal segment will be significant during the forecast period. Municipal solid waste (MSW) consists of solid wastes from residential areas with single and multifamily homes. Some of the MSW includes leftover food, ashes, paper, cardboard, plastics, leather, textiles, wood, yard wastes, metals, glass, special wastes (bulky items), white goods, batteries, oil, tires, consumer electronics, e-waste (computers, phones, and television sets), and household hazardous wastes (paints, aerosols, gas tanks, waste containing mercury, motor oil, and cleaning agents).
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The municipal segment was valued at USD 35,960.72 million in 2017 and continued to grow by 2021. In this segment, the rate of generation of MSW is a function of economic development, local climate, and public lifestyle. Moreover, the amount of waste generated is influenced by the income levels of regions. The consumption of goods and services is high in regions with high economic development and income levels, resulting in an increased amount of waste generation. New waste treatment plants are opening in various countries. The establishment of new waste incineration plants is one of the factors that can influence the accelerated growth momentum of the market during the forecast period.
Based on capacity, the large capacity holds the largest incineration plants market share. The incineration of non-recyclable solid waste reduces the waste volume and associated health concerns. Incineration facilities can reduce volume and weight by up to 90% and 75%, respectively, while also breaking down harmful substances. However, large-capacity incineration systems with capacities up to 3000 tons per day are costly and require highly trained laborers. Incinerators are used in areas where landfill space is limited, and recovery of heat, energy, and precious metals from ashes is possible. The three types of large-scale incinerators are mass-burn, fluidized-bed, and modular. In 2022, large-capacity incineration holds the largest market share due to its ability to convert waste to energy without relying on landfills, and it is expected to continue its dominance during the forecast period.
Europe is estimated to contribute 44% to the growth of the global land incineration plants market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Europe is projected to contribute 44% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Germany, Russia, and the UK are some of the prominent countries generating MSW in the region. As a result, incineration is widely used across Europe to treat solid wastes due to the fact of high population density and scarcity of land for dumping the wastes. An increase in the amount of non-municipal waste and stringent regulations have been driving the market in the region. The Circular Economy Package includes revised legislative proposals on waste management. It stimulates Europe's focus toward a circular economy. This proposal sets a 65% recycling target for municipal waste by 2030 and 75% recycling for packaging waste by 2030. As a result, the land incineration plants market will face stiff competition from recycling during the forecast period.
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This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for Europe. However, in 2021, the initiation of vaccination drives in Europe led to the lifting of lockdowns in the region. This has resulted in the resumption of operations in manufacturing industries, which has increased the demand for incineration plants in the region. Thus, all these factors will drive the growth of the regional land incineration plants market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the land incineration plants market. One of the major vendors in the market include:
Babcock & Wilcox Enterprises - The company offers waste-to-energy plant which comes with a tailor-made business model for achieving its full potential.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The land incineration plants market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Incineration Plants Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12% |
Market growth 2023-2027 |
USD 54,379.62 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
11.2 |
Regional analysis |
Europe, APAC, Middle East and Africa, North America, and South America |
Performing market contribution |
Europe at 44% |
Key countries |
US, Saudi Arabia, China, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Babcock and Wilcox Enterprises Inc., BT Wolfgang Binder GmbH, China Everbright Environment Group Ltd., Covanta Holding Corp., Doosan Corp., Granutech Saturn Systems, Hitachi Zosen Corp., Incinco Ltd., INCINER8 Ltd., Ionicon Analytik Ges mbH, Kawasaki Heavy Industries Ltd., Keppel Corp., MARTIN GmbH, Mitsubishi Heavy Industries Ltd., Nippon Steel Corp., OPSIS AB, Sembcorp Industries Ltd., SUEZ SA, Veolia Environment SA, and Wheelabrator Technologies Holdings Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Capacity
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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