Incinerator Market Outlook Forecast 2022 -2031 | Exploring the Benefits At a CAGR of 4.2%

According to a new report published by Allied Market Research, titled, The incinerator market size was valued at $14.8 billion in 2021, and is estimated to reach $22.6 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.

The market is mainly driven by rise in global population which has led to rapid rise in hazardous and non-hazardous waste. Furthermore, on the basis of end user industry, the industrial segment is anticipated to grow rapidly, during the forecast period, owing to the rapid rise in industrialization in emerging economies. However, the high upfront cost of incinerator constraints incinerator market growth.

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Commonly observed product types of incinerators are rotary kiln, fluidized bed, liquid injection, and others. Among these, the rotary kiln segment accounted for the highest market share in 2021, owing to its easy construction and high efficiency.

The market is analyzed with respect to different process types, such as controlled air incinerators, and excess air incinerators. Among these the controlled air incinerators segment accounted for a high revenue share in 2021.

Market Dynamics:
The advancements in technology that enables the incinerator operators to effectively collect CO2 from the exhaust of incinerators is anticipated to encourage more acceptance of incinerators; thereby, providing lucrative opportunities for the market growth.

Moreover, governments across the world are moving toward sustainability. Recently, in June 2020, waste to Wealth Mission of India launched a program called 'Biomedical Waste Treatment Innovation Challenge'. This challenge was won by a startup Ganesh Engineering Works, which developed a decentralized biomedical waste incinerator. This new innovative incinerator is expected to be setup in healthcare facilities in Buxer city of Bihar state of India.

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Key Segments:

By Product Type
Rotary Kiln
Fluidized Bed
Liquid Injection
Others

By Operation
Controlled Air Incinerators
Excess Air Incinerators

Top Players:
Maximus Envirotech Pvt. Ltd., Eco Concepts, Ketek Group, Inciner8 Limited, ACS Inc., Waste Spectrum Incineration Systems, Haat Incinerator India Pvt. Ltd., Vikas Incinerator, EEW Energy, Chuwa Industrial Corporation, Incinco Ltd, Shandong Better Environmental Protection Technology Co., Ltd., Dutch Incinerators, Babcock and Wilcox co., Atlas Incinerator ApS, Alfa Therm, Keller Manufacturing, Inc.

Read More Related Reports:

Waste Management Market - https://www.prnewswire.com/news-releases/waste-management-market-to-reach-3-498-2-billion-globally-by-2032-at-5-5-cagr-allied-market-research-302010254.html

North America Waste Management Market - https://www.globenewswire.com/news-release/2021/05/11/2227419/0/en/North-America-Waste-Management-Market-to-Generate-229-3-Billion-by-2027-AMR.html

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