Incinerator Equipment Market to Perceive Substantial Growth During 2024
The
incinerators are equipment used for treatment of waste through the
combustion of organic substances present in it. In this process,
waste materials are converted into ash, flue gas and heat wherein the
heat produced is further used for generating electricity. The furnace
utilized in combustion process is automatically monitored and
controlled to ensure efficient and safe operations.
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The
global incinerator equipment market can be divided as per
applications, technologies and geographies. These equipment are
broadly used in municipal wastes, chemical and industrial wastes,
agricultural incineration, sewage incineration, building wastes,
ashes and medical waste incineration. Major incinerator technologies
include rotary kiln, static furnace, fluidised bed, liquid injection,
catalytic combustion multiple hearth incinerator, direct flame, waste
gas flare and moving grate incinerator. Among these technologies,
rotary kiln, liquid injection and fluidised bed are more prevalent in
the industry due to its flexibility and usage in large number of
applications.
The
waste combustion process through incinerator equipment is
particularly undertaken in Japan due to scarcity of available land
resource. Sweden and Denmark have been the leaders in generation of
energy through incineration process. The other countries that are
heavily depending on incinerators include Germany, Luxembourg, France
and the Netherlands.
Incinerator
Equipment Market: Drivers and Restraints
The
growing market for waste management technologies is the major factor
driving the global incinerator equipment market. The incinerator
process helps minimize cost of transportation of waste to landfills
as well as reduce pressure executed on available land. In addition to
this, it also helps eliminate harmful gases produced from the
landfills thus reducing environmental risks. However, the market is
greatly affected due to the regulatory policies concerning carbon
emissions, implemented by various organisations such as US
Environmental Protection Agency (USEPA). Dioxins which are produced
on a large scale during waste treatment process are very toxic due to
high content of carcinogenic chemicals in it. Due to high set up cost
of incineration plant, it is mainly introduced in line with waste to
energy plants rather than separate installation. Also there is rising
need for skilled professionals to efficiently manage continuous
operation and maintenance of the incinerator equipment.Top of Form
Incinerator
Equipment Market: Defining Trends
Incinerators
with cleaner combustion and newer technology are expected to be the
future trends for this market. Rapid technological development has
been ongoing to initiate technologies at economical costs and with
improved environmental performance. The energy generated from the
incineration process is highly regulated and is generally provided to
limited private and public operators. Since the tariff of electricity
produced through incineration is exclusively based on production
costs, the government is planning to subsidize the prices to make it
affordable for the consumers to purchase the energy produced.
A
large scale participation of private players has been encouraged by
the government so as to overcome the huge investments associated with
the development of incineration plants. In addition to this, combined
involvement of public as well as private companies has reduced the
ownership issues which initially would have affected waste management
and energy generation process. The appropriate location of the plant
is also essential to initiate cost effective services for waste
disposal.
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Incinerator
Equipment Market: Competitive Insight
Some
of the key players in this market include Suez Environment Co. S.A.,
Brickner & Bratton, Inc, and EEW Energy from Waste GmbH, Babcock
& Wilcox Co., Covanta Energy Corp., Martin GmbH, Wheelabrator
Technologies, Constructions Industrielled de la Méditerranée S.A.,
Greshman, and Nova Energy LLC. Large number of local and
international brands and companies are focusing on development of
incinerators through huge investments in order to reduce dependency
on land resource for waste disposal.
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