Increasing amount of waste is expected to be the key driver for the global incinerator market growth over the forecast period. Increasing pollution and growing concern related to its hazardous effects are anticipated to catapult demand.
Technological developments have resulted in rise in number of techniques for incineration, which is also expected to contribute towards future growth. Untreated wastes may even result in soil pollution, which is harmful for plants, thereby catapulting industry demand over the next seven 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.
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 is expected to catapult the industry demand over the foreseeable future. However, this process may also release several gases in air that are harmful to environment, which is expected to hamper market expansion over the forecast period. This has instigated government to make regulations regarding the use of incinerator, thereby escalating the challenge.
As a result, several industry players are expected to manufacture technologically advanced incinerators for cleaner combustion. The process also reduces the mass and size of waste resulting in lesser requirement of wasteland. Thus, it is also anticipated to further decrease demand for incinerators.
Several toxins are destroyed, when they are exposed to high temperatures, which are estimated to surge industry demand over the next seven years. The bottom ash is non-injurious, and is still capable for being land-filled and recycled.
Growing awareness in several developing economies is also expected to provide avenues for market expansion over the forecast period. Several incinerators are also equipped with waste recovery, allowing re-use of ferrous and non-ferrous materials found in landfills. For instance, AEB waste fired power plant in Europe.
Several non-disposable toxins need to be dumped far and need special location for land-filling, which is expected to pose as a challenge to this industry growth. Technological developments have resulted in decrease in emissions of harmful fumes and dioxins, and are anticipated to be another major challenge to market.
High investment for installation and maintenance of plant are also expected to pose as challenges to industry growth. Preference of recycle, re-use, and reduction of waste over incineration may also hamper industry growth over the next seven years.
The incinerator market can be segmented on the basis of product into moving grate, fixed grate, rotary-kiln, and fluidized bed. The use of moving grate is expected to be higher than traditional fixed grate owing to increasing amount of Municipal Solid Waste (MSW).
Incinerators also produce tons of harmful gases such as furans, dioxins, carbon dioxide, sulfur dioxide, and gaseous hydrochloric acid. Prominent players are expected to increase investment in developing new techniques and methods to reduce the emission of such fumes.
Development of small incinerators has resulted in mobile plants that can be taken to remote areas, which is also anticipated to catalyze industry growth. These are mainly deployed for hygienically safer destruction of medical wastes in developing countries.
Incineration and landfills are expected to be preferred methods of disposal in North American region owing to need for better living conditions. Europe waste management practice is expected to incline more towards incineration than land-filling owing to less idle land available and development of the alternate energy sector in this region. Growing population in Asia Pacific region is expected to be the key factor for migrating to incineration waste management practice.
Major industry participants include Covanta Energy Corporation, Babcock & Wilcox Enterprises, Suez Environnement S.A., Gershman, Brickner & Bratton Inc., Martin GmbH, and Wheelabrator Technologies Inc.
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