Incineration plants market to grow by USD 54,379.62 million: Specialized consumer services is the parent market - Technavio
NEW YORK, Dec. 8, 2022 /PRNewswire/ -- The globalincineration plants market has been categorized as a part of the global specialized consumer services market under the global diversified consumer services market. The parent market, the global specialized consumer services market, covers the revenue generated by consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services.
The incineration plants market size is forecast to grow by USD 54,379.62 million, at a CAGR of 12% between 2022 and 2027, according to Technavio, Download a sample
Incineration plants market 2023-2027: Scope
The incineration plants market report covers the following areas:
The global incineration plants market is moderately diverse and comprises several international players. The market involves high capital investments and technological innovations to treat solid waste efficiently and use the resultant heat for electricity production and domestic heating purposes. Emissions such as flue gases from incineration plants are regulated. Agencies such as the EPA have set limits for GHGs, and hence, the plants need to comply with the regulations. Moreover, the increasing adoption of substitute techniques, such as recycling, will pose a significant challenge to the market during the forecast period.
Some of the major players in the market are Babcock and Wilcox Enterprises Inc., China Everbright International Ltd., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Sembcorp Industries Ltd., and VEOLIA ENVIRONNEMENT SA. These firms are adopting various strategies and evolving their products to gain a competitive advantage and earn above-average profits as the market presents a favorable environment.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others, Buy the Report
The municipal segment was valued at USD 35,960.72 million in 2017 and continue to grow by 2021. In this segment, the rate of generation of MSW is a function of economic development, local climate, and public lifestyle. Moreover, the amount of waste generated is influenced by the income levels of regions. The consumption of goods and services is high in regions with high economic development and income levels, resulting in an increased amount of waste generation. New waste treatment plants are opening in various countries. The establishment of new waste incineration plants is one of the factors that can influence the accelerated growth momentum of the market during the forecast period.
Capacity
Large capacity
Medium capacity
Small capacity
Geography
Europe
APAC
Middle East And Africa
North America
South America
Europe is estimated to account for 44% of the market's growth during the forecast period. Germany, Russia, and the UK are some of the prominent countries generating MSW in the region. As a result, incineration is widely used across Europe to treat solid wastes due to the fact of high population density and scarcity of land for dumping the wastes. An increase in the amount of non-municipal waste and stringent regulations have been driving the market in the region. The Circular Economy Package includes revised legislative proposals on waste management. It stimulates Europe's focus toward a circular economy. This proposal sets a 65% recycling target for municipal waste by 2030 and 75% recycling for packaging waste by 2030. As a result, the incineration plants market will face stiff competition from recycling during the forecast period.
Municipal Solid Waste Management Market by Disposal Method and Geography ? Forecast and Analysis 2021-2025: The municipal solid waste management market share is expected to increase by USD 44.36 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.03%. This municipal solid waste management market research report extensively covers market segmentation by disposal method (landfill, incineration, recycling, open dump, and others) and geography (APAC, Europe, North America, and MEA).
Waste-To-Energy Market by Technology and Geography ? Forecast and Analysis 2022-2026: The Waste-to-energy Market is projected to grow by USD 20.6 billion at a CAGR of 7.3% during the forecast period 2021 to 2026. Furthermore, this report extensively covers the waste-to-energy market segmentation by technology (thermal and biological) and geography (Europe, APAC, North America, the Middle East and Africa, and South America).
Incineration Plants Market Scope
Report Coverage
Details
Page number
169
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 12%
Market growth 2023-2027
USD 54,379.62 million
Market structure
Fragmented
YoY growth 2022-2023(%)
11.2
Regional analysis
Europe, APAC, Middle East and Africa, North America, and South America
Performing market contribution
Europe at 44%
Key countries
US, Saudi Arabia, China, Japan, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Babcock and Wilcox Enterprises Inc., BT Wolfgang Binder GmbH, China Everbright Environment Group Ltd., Covanta Holding Corp., Doosan Corp., Granutech Saturn Systems, Hitachi Zosen Corp., Incinco Ltd., INCINER8 Ltd., Ionicon Analytik Ges mbH, Kawasaki Heavy Industries Ltd., Keppel Corp., MARTIN GmbH, Mitsubishi Heavy Industries Ltd., Nippon Steel Corp., OPSIS AB, Sembcorp Industries Ltd., SUEZ SA, Veolia Environment SA, and Wheelabrator Technologies Holdings Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
Table of Contents:
1 Executive Summary
1.1 Market Overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Application
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Capacity
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market Definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global incineration plants market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global incineration plants market 2017 - 2021 ($ million)
Exhibit 169: Veolia Environment SA - Business segments
Exhibit 170: Veolia Environment SA - Key offerings
Exhibit 171: Veolia Environment SA - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations
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