Land Incineration Plants Market (By Capacity: Small, Medium, Large; By Application: Municipal, Industrial) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027
The market for land incineration plants is expected to grow at a CAGR of around 5.8% from 2020 to 2027 and expected to reach the market value of around US$ 91.7Bn by 2027.
Land incineration plants are also termed as waste-to-energy (WTE) plants, as these plants are based on thermo-chemical treatments and help in converting waste into electricity, heat, and steam. These plants burn waste and the heat generated from combustion generates superheated steam in boilers and the steam drives turbo-generators to produce electricity. And the waste that finally got converted into ash is about 10% of the total waste volume. Moreover, the advantages associated with waste incineration include the production of energy, efficient waste management, savings on transportation of waste, prevents the production of methane gas, provides better control of odour and noise, eliminated harmful germs and hazardous components, computerized monitoring system in a rapid and secure manner, small space occupancy, and operations can be carried out in any weather condition.
Market Dynamics
Rapid urbanization and industrialization are accelerating market growth. The harmful effects associated with the disposal of waste into landfills such as greenhouse gas generation, wastage of large areas, and other numerous environmental issues are generating the need for waste incineration. Additionally, the advantages associated with waste incineration are further propelling market growth. The rising awareness about the proper waste management and favorable government support of developing economies due to increasing concern for a huge amount of waste generation are further bolstering the market growth. Furthermore, the exponential increase in the waste generation of developing economies, as well as the rising focus towards sustainable development is anticipated to create potential opportunities over the forecast period from 2020 to 2027.
On the other hand, less importance towards waste management with the incineration process in some regions, due to less awareness is projected to hinder the growth to an extent over the forecast period to an extent.
Segment Instance
Large capacity land incineration plants have registered major revenue share in the market
On the basis of capacity, large capacity plants lead the market with maximum share (%) in terms of revenue (US$ Mn) in 2019. The segment is also projected to maintain its dominance over the forecast period from 2020 to 2027. The capacity of incineration plants is measured in terms of waste flow or the mass of waste flow per unit time like tons per hour, tons per year, or likewise.
Asia Pacific is projected to lead the land incineration plants market with maximum CAGR (%)
The ongoing industrialization and urbanization in the prominent and emerging economies of the region are supporting the regional market growth. The major economies of the region including Japan, China, and India are the major contributors to the regional market value. The increasing focus of major industry players in the regional countries due to available opportunities like increased waste generation, high demand for energy or electricity is further bolstering the regional market value. The increasing need for the proper disposal and management of waste along with the bolstering need for environmental conservation is further boosting the regional market value. Moreover, the region is expected to experience the fastest growth with a major CAGR (%) throughout the forecast timeframe from 2020 to 2027.
Key Market Players
The players profiled in the report include Babcock & Wilcox Enterprises, Inc., Doosan Lentjes GmbH, Hitachi Zosen Inova AG, Kawasaki Heavy Industries, Ltd., Keppel Seghers Engineering Singapore Pte, Ltd., Martin GmbH fur Umwelt- und Energietechnik, Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), Suez Environment Company, and others.
Market Segmentation
Market By Capacity
Small
Medium
Large
Market By Application
Municipal
Industrial
Market By Geography
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
What will be the market value of the global land incineration plants market?
The market for land incineration plants is expected to reach a market value of around US$ 91.7 Bn by 2027.
At what CAGR, the land incineration plants market is expected to grow during the forecast period (2020-2027)?
The land incineration plants market is expected to grow at a CAGR of around 5.8% from 2020 to 2027.
Which is the leading segment by capacity in the land incineration plants market?
Large capacity is the leading segment in the land incineration plants market.
What are the key drivers of the global land incineration plants market?
The rapid urbanization and industrialization, harmful effects associated with the disposal of waste into landfills such as greenhouse gas generation, wastage of large areas and other numerous environmental issues, the advantages associated with the waste incineration, rising awareness about the proper waste management, and favorable government support of developing economies due to increasing concern for the huge amount of waste generation are some of the factors driving the market growth.
Which are the prominent players in the land incineration plants market?
Babcock & Wilcox Enterprises, Inc., Doosan Lentjes GmbH, Hitachi Zosen Inova AG, Kawasaki Heavy Industries, Ltd., Keppel Seghers Engineering Singapore Pte, Ltd., Martin GmbH fur Umwelt- und Energietechnik, Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), and Suez Environment Company are some of the prominent players in the land incineration plants market.
Which region is expected to lead the land incineration plants market in 2027?
Asia Pacific is expected to lead the land incineration plants market in 2027
Which region is expected to be the fastest growing market over the forecast period?
Asia Pacific is expected to be the fastest growing market over the forecast period
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