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Land Incineration Plants Market
Global Land Incineration Plants Market: Snapshot
The rapidly rising urban population and large-scale industrialization are leading to increasing municipal solid waste worldwide. The traditional practice of dumping the waste in landfills is leading not only to the wastage of large areas of land but also to numerous environmental issues. This is prompting municipal bodies of several countries to replace their traditional methods with land incineration, which is capable of reducing the level of environmental pollution drastically. Therefore, the increasing environmental concerns are driving the global land incineration plants market.
According to a report by Transparency Market Research (TMR), the global market for land incineration plants market is projected to expand at a CAGR of 5.5% between 2015 and 2023, reaching a valuation of US$68.71 bn by the end of 2023.
Government Measures Play Vital Role in Growth of Market
Land incineration plants are being acknowledged worldwide for their ability to reduce the volume of municipal solid waste by nearly 90% and mass by 80%, depending upon the waste composition and the degree of material recovery post incineration. Governments and local bodies of various countries worldwide are encouraging the development of these plants by introducing several funding schemes such as prudential borrowing, credits for waste infrastructure (WI), and capital grants.
While the demand for land incineration systems in developing countries is increasing due to rapid urbanization and industrialization, the market in developed regions is gaining traction due to strict measures by governments towards landfills. To put this in perspective, countries such as the U.K. and New Zealand have higher landfill taxes than several other countries.
However, conventional land incineration plants are attracting opposition from the mass in the form of protests, primarily due to flue gas emission. This is acting as a major impediment to the growth of the global market. Nevertheless, the growing research and development activities are paving way for sustainable and advanced technologies that can be implemented across modern incineration plants. These technologies are likely to shape the future of the market.
Moreover, the surging construction activities across the world are translating into the greater uptake of cement. Bottom ash, which is a by-product of land incineration plants, has a strong demand in cement manufacturing. This is, thereby, unfolding tremendous growth opportunities for the global market.
On the basis of capacity, the global land incineration plants market is fragmented into large and small and medium. The demand for large capacity plants is estimated to remain high throughout the review period. The increasing amount of waste produced is stirring up their demand.
The key segments analyzed in the report based on geography are Asia Pacific, North America, Europe, and Rest of the World. Europe will be the frontrunner in the global arena throughout the forecast period. Stringent government regulations pertaining to landfills are primarily attributable to the growth of the region. Moreover, the rising environmental concerns among the populace are compelling governments to take strict steps against the traditional practices of waste disposal.
The Rest of the World segment is anticipated to post a significant CAGR during the same period, owing to evolving anti-dumping and anti-landfill regulations. The growth of Asia Pacific is largely supplemented by large-scale commercialization and soaring energy demand in emerging countries such as the U.K and China. Some of the prominent companies operating in the global land incineration plants market are 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).
Escalating Need for Proper Waste and Disposal Management to Bring Tremendous Growth Opportunities for the Land Incineration Plants Market
The land incineration plants market is estimated to gain a lion’s share in terms of growth across the forecast period of 2015-2023. The rapid influence of urbanization and industrialization around the world is expected to bring good growth opportunities for the land incineration plants market. The growing environmental concerns around the world will also add extra stars of growth to the land incineration plants market.
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Section 01 Preface
Section 02 Executive Summary
Section 03 Industry Analysis
Section 04 Capacity Segment Analysis
Section 05 Geographical Analysis
Section 06 Company Profiles
List of Tables
Table 1 Global Land Incineration Plants Market: Snapshot
Table 2 North America Land Incineration Plants Market Capacity and Forecast, 2014−2023 (Million Tons)
Table 3 North America Land Incineration Plants Market Capacity, By Revenue and Forecast, 2014−2023 (US$ Mn)
Table 4 Europe Land Incineration Plants Market Capacity and Forecast, 2014−2023 (Million Tons)
Table 5 Europe Land Incineration Plants Market Capacity, By Revenue and Forecast, 2014−2023 (US$ Mn)
Table 6 Asia Pacific Land Incineration Plants Market Capacity and Forecast, 2014−2023 (Million Tons)
Table 7 Asia Pacific Land Incineration Plants Market Capacity, By Revenue and Forecast, 2014−2023 (US$ Mn)
Table 8 Rest of the World (RoW) Land Incineration Plants Market Capacity and Forecast, 2014−2023 (Million Tons)
Table 9 Rest of the World (RoW) Land Incineration Plants Market Capacity, By Revenue and Forecast, 2014−2023 (US$ Mn)
List of Figures
Figure 1 Global Land Incineration Plants Market, Estimates and Forecast, by Capacity Type, 2014–2023 (Million Tons)
Figure 2 Global Land Incineration Plants Market, Estimates and Forecast, by Revenue, 2014–2023 (US$ Mn)
Figure 3 Company Market Share, Land Incineration Plants Market (%) (2014)
Figure 4 Market Attractiveness Analysis of Land Incinerators Market, 2014
Figure 5 Global Land Incineration Plants Market, by Capacity, (Million Tons), 2014
Figure 6 Global Land Incineration Plants Market, by Capacity, (Million Tons), 2023
Figure 7 Global Land Incineration Plants Market, By Capacity, 2014–2023 (Million Tons)
Figure 8 Global Land Incineration Plants Market, By Capacity, By Revenue, 2014–2023 (US$ Mn)
Figure 9 Global Land Incineration Plants Market – Small & Medium Capacity, 2014–2023 (Million Tons)
Figure 10 Global Land Incineration Plants Market – Small & Medium Capacity, By Revenue, 2014–2023 (US$ Mn)
Figure 11 Global Land Incineration Plants Market – Large Capacity, 2014–2023 (Million Tons)
Figure 12 Global Land Incineration Plants Market – Large Capacity, By Revenue, 2014–2023 (US$ Mn)
Figure 13 Global Land Incineration Plants Market Share, by Region, 2014 and 2023
Figure 14 North America Land Incineration Plants Market Share, by Country, 2014 and 2023
Figure 15 U.S. Land Incineration Plants Market by Capacity (Million Tons)
Figure 16 Rest of North America Land Incineration Plants Market, by Capacity (Million Tons)
Figure 17 Europe Land Incineration Plants Market Share, 2014 and 2023
Figure 18 France Land Incineration Plants Market, by Capacity (Million Tons)
Figure 19 U.K. Land Incineration Plants Market, by Capacity (Million Tons)
Figure 20 Rest of Europe Land Incineration Plants Market, by Capacity (Million Tons)
Figure 21 Asia Pacific Land Incineration Plants Market Share, by Country, 2014 and 2023
Figure 22 Japan Land Incineration Plants Market, by Capacity (Million Tons)
Figure 23 China Land Incineration Plants Market, by Capacity (Million Tons)
Figure 24 Rest of Asia Pacific Land Incineration Plants Market, by Capacity (Million Tons)
Figure 25 Rest of the World Land Incineration Plants Market Share, by Capacity (Million Tons), by Country, 2014 and 2023
Figure 26 Rest of the World (RoW) Land Incineration Plants Market, by Capacity (Million Tons)
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