Global Land Incineration Plants Market Research Report - Segmentation By Capacity (Small, Medium, Large), Application (Municipal and Industrial) and Region - Industry Forecast 2024 to 2032.

Updated On: June, 2024
ID: 10255
Pages: 150

Global Land Incineration Plants Market Size (2024-2032):

The size of the global land incineration plants market was worth USD 64.69 billion in 2023. The global market is anticipated to grow at a CAGR of 6.47% from 2024 to 2032 and be worth USD 113.73 billion by 2032 from USD 68.88 billion in 2024. 

Current Scenario of the Global Land Incineration Plants Market

Land incineration plants are recognized throughout the world for their ability to reduce the volume of municipal solid waste by almost 90% and the mass by 80%, depending on the composition of the waste and the degree of recovery of the materials, after incineration governments and local organizations in various countries around the world are fostering the development of these factories by introducing various financing programs, like prudential loans, waste management infrastructure (WI) credits, and capital grants. Incineration plants on land burn the waste and the generated heat is transferred to a waste-to-energy plant, which is then employed to generate electricity. The residual ash generated during the combustion process is employed by cement factories for the manufacture of cement. A typical land-based incineration plant is set up with a waste reception and treatment system, combustion systems, incinerators, heat recovery systems, solid combustion waste treatment systems, and combustion control systems. the atmospheric pollution. Therefore, an incinerator plays a key role in the land incineration plant by reducing the mass of municipal waste. A traditional land incineration plant consists of incinerators, waste reception and treatment systems, combustion systems, heat recovery systems, air pollution control systems, and solid combustion waste treatment systems. Incinerators play a key role in the market for land incineration plants. Incineration plants on land burn the waste and the generated heat is transferred to a waste-to-energy plant, which is then employed to generate electricity. The residual ash generated during the combustion process is employed by cement factories for the manufacture of cement.

MARKET TRENDS

A call for land incineration systems increases in developing countries due to rapid urbanization and industrialization, the market in developed regions is gaining ground due to strict measures taken by governments in favor of landfills. To put this in perspective, countries like the UK and New Zealand have higher landfill taxes than several other countries.

MARKET DRIVERS

Rapid urban population expansion and large-scale industrialization are causing an increase in urban solid waste around the world. The traditional practice of dumping waste in landfills leads not only to the waste of large tracts of land but also to many environmental problems. This promotes municipal authorities in several countries to replace their traditional methods with land incineration, which is capable of drastically reducing the level of environmental pollution. Therefore, growing environmental concerns are driving the worldwide market for land incineration plants. An important expansion driver in the development of onshore incineration plants comes down to the increase in construction activities with the constant call for cement derived from bottom ash as a by-product, driving the call for manufacturing units. cement, thus escalating the sales ratio of land incineration plants. The drivers responsible for the expansion of the land incineration plant market include escalating urbanization and large-scale industrialization.

MARKET RESTRAINTS

However, conventional land incineration plants face massive opposition in the form of protests, mainly due to flue gas emissions. This is a major obstacle to the expansion of the worldwide market.

MARKET OPPORTUNITIES

However, escalated research and development activities pave the way for sustainable and advanced technologies that can be implemented in modern incineration plants. Additionally, booming construction activities around the world are resulting in escalated use of cement. Bottom ash, which is a by-product of onshore incineration plants, is in high call in cement manufacturing. Therefore, it is about unfolding enormous expansion opportunities for the worldwide market. Also, growing environmental concerns are driving market expansion during the evaluation period. Besides, government assistance and waste disposal policies are likely to help the market grow. Modern land-based incineration plants have adopted several advanced and sustainable technologies that have reduced flue gas emissions. These technologies are predicted to provide new opportunities for market players and plant developers in the near future.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

6.47%

Segments Covered

By Capacity, Application, and Region.

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Hitachi Zosen Inova AG, Babcock & Wilcox Enterprises Inc., Doosan Lentjes GmbH, Kawasaki Heavy Industries Ltd., Suez Environment Company, Martin GmbH für Umwelt-und Energietechnik, and Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC) and Others.

 

SEGMENTAL ANALYSIS

Global Land Incineration Plants Market Analysis By Capacity

On a capacity basis, the high capacity segment is predicted to grow due to the escalating amount of waste produced driving its call. The Asia Pacific regional market is predicted to greatly expand at a higher rate and is predicted to gain considerable influence in the near future.

Global Land Incineration Plants Market Analysis By Application

Of these, the municipal section stimulates the expansion of the market due to the rapid increase in the urban population, which is why most municipal entities in several countries substitute their traditional methods, reducing environmental pollution levels.

REGIONAL ANALYSIS

Europe will be a leader on the world stage throughout the foreseen period. The strict government regulations on landfills are mainly due to the expansion of the region. Also, the growing environmental concerns of the population are forcing governments to crack down on traditional waste disposal practices. The Rest of the World segment is predicted to show a significant CAGR during the same period, due to changes in anti-dumping and anti-landfill regulations. Asia-Pacific expansion is largely complemented by large-scale commercialization and a growing call for energy in emerging countries like the UK and China. Europe will be the leader on the world stage throughout the foreseen period. The strict government regulations on landfills are mainly due to the expansion of the area. Furthermore, the growing environmental concerns of the population are forcing governments to crack down on traditional waste disposal practices.

KEY PLAYERS IN THE GLOBAL LAND INCINERATION PLANTS MARKET

Companies playing a prominent role in the global land incineration plants market include Hitachi Zosen Inova AG, Babcock & Wilcox Enterprises Inc., Doosan Lentjes GmbH, Kawasaki Heavy Industries Ltd., Suez Environment Company, Martin GmbH für Umwelt-und Energietechnik, and Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC) and Others

RECENT HAPPENINGS IN THE GLOBAL LAND INCINERATION PLANTS MARKET

  • A new biggest plant for converting solid waste to energy has been started in Delhi, India. The plant is predicted to provide a respite from the overflow of landfills in Delhi as it will incinerate the waste to generate electricity.
  • Waste management has become a major issue for the preservation of our globe. Modern waste incineration plants are increasingly being developed to contribute to a cleaner environment. All of these waste-to-energy plants aim to maximize energy production while minimizing waste and gas emissions.

DETAILED SEGMENTATION OF THE GLOBAL LAND INCINERATION PLANTS MARKET INCLUDED IN THIS REPORT

This global land incineration plants market research report has been segmented and sub-segmented based on capacity, application, and region.

By Capacity

  • Small
  • Medium
  • Large

By Application

  • Municipal
  • Industrial

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa 

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample