Press release
Incinerator Market At a CAGR of 4.2% from 2022 to 2031 | Demands and Trends with Players Eco Concepts ACS Inc. Alfa Therm
According to the report, the global incinerator market industry generated $14.8 billion in 2021, and is estimated to reach $22.6 billion by 2031, witnessing a CAGR of 4.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.Drivers and Opportunities
Rapid rise in hazardous and non-hazardous wastes due to the growing population and the increase in industrialization in emerging economies drive the growth of the global incinerator market. However, advancements in technology that enables operators to effectively collect CO2 from the exhaust of incinerators offer lucrative growth opportunity for the market.
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The rotary kin market segment to rule the roost during the forecast period
Based on product type, the rotary kin segment was the largest market in 2021, contributing to nearly half of the global incinerator market, and is expected to maintain its leadership status during the forecast period, owing to its cost effectiveness. However, the liquid injection segment is projected to witness the largest CAGR of 5.0% from 2022 to 2031, owing to its effectiveness in disposing aqueous and non-aqueous wastes.
The controlled air incinerators segment to maintain its dominance during the forecast period
Based on operation, the controlled air incinerators segment held the largest market share of nearly three-fifths of the global incinerator market in 2021, and is expected to maintain its dominance during the forecast period, owing to its extensive use in municipal and industrial applications. However, the excess air incinerators segment is projected to witness the largest CAGR of 4.5% from 2022 to 2031, owing to its cost effectiveness.
The municipal segment to maintain its dominance during the forecast period
Based on end user industry, the municipal segment held the largest market share of nearly 90% of the global incinerator market in 2021, and is expected to maintain its dominance during the forecast period, owing to the effectiveness of incinerators in solid waste disposal. However, the industrial segment is projected to witness the largest CAGR of 4.8% from 2022 to 2031. This is due to the increased demand for heat treatment in various manufacturing industries.
Asia-Pacific to dominate the market by 2031
Based on region, Asia-Pacific was the largest market in 2021, capturing around two-fifths of the global incinerator market, and is expected to lead the trail during the forecast period, owing to large waste generation in the region. However, LAMEA is projected to manifest the fastest CAGR of 5.2% during the forecast period, owing to the rapid growth of population in the region.
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Leading Market Players
Eco Concepts
ACS Inc.
Alfa Therm
Atlas Incinerator ApS
Babcock and Wilcox Co.
ChuwaIndustrial Corporation
Dutch Incinerators
EEW Energy
Haat Incinerator India Pvt. Ltd.
Incinco Ltd.
Inciner8 Limited
Keller Manufacturing, Inc.
Ketek Group
Maximus Envirotech Pvt. Ltd.
Shandong Better Environmental Protection Technology Co., Ltd.
Vikas Incinerator
WasteSpectrum Incineration Systems
The report provides a detailed analysis of these key players of the global incinerator market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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