Global Land Incineration Plants Market to Reach US$68.71 bn by 2023, Europe was Largest Market in 2014

Transparency Market Research has released a new market report titled, “Global Land Incineration Plants Market, by Capacity (Small And Medium & Large) – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015–2023”. According to this report, the global land incineration plants market was valued at US$ 43,934.1 Mn in 2014 and is projected to reach US$ 68,717.6 Mn by 2023 at a CAGR of 5.5% from 2015 to 2023.

Growing urban population and large-scale industrialization have significantly increased the municipal solid waste across the globe in the last few decades. Generally, municipal solid waste is treated by dumping it in landfills. Development of such landfills involves large area of land. This leads to numerous environmental problems. Hence, several countries are replacing traditional landfills with technologies such as incineration, recycling, pyrolysis, and gasification to treat such waste. These technologies have reduced the level of environmental pollution significantly. Incineration is commonly adopted by waste management and waste treatment plants in several countries. In a typical land incineration plant, municipal solid waste is burned under controlled environment. The heat generated as a result of burning is transferred to a waste-to-energy plant. These plants utilizes the heat for the generation of electricity.

Research Report: http://www.transparencymarketresearch.com/global-land-incineration-plants-market.html

However, bottom ash produced as a by-product from a land incineration plant is utilized in cement plants for the production of cement. A land incineration plant is equipped with incinerators, waste receipt and handling systems, combustion systems, heat recovery systems (boilers), air pollution control systems, and combustion solid residue handling systems. Incinerators play a major role in a land incineration plant. Such equipment reduces the mass and the volume of the municipal solid waste by around 80% and 90% respectively. It generally depends upon the composition of waste and the degree of recovery of materials post incineration.

Various types of incinerators are available in the market including fluidized bed incinerator, rotary kiln incinerator, static hearth incinerator, moving grate incinerator, and static furnace and multiple hearth incinerators. Depending upon the capacity of incineration per day, land incineration plants have been classified into two types: small & medium capacity plants and large capacity. Governments and other local authorities of several countries are offering various funding schemes such as capital grants, prudential borrowing, and waste infrastructure (WI) credits in order to promote the development of land incineration plants. Countries such U.K. and New Zealand have introduced landfill tax schemes which is significantly driving the development of such plants. However, flue gas emitted from the traditional land incineration plants have attracted a lot of public opposition in the form of protest in several regions. This acts as a major restraint for the development of land incineration plants. However, modern land incineration plants are equipped with several advanced and sustainable technologies which significantly decrease the emission of flue gas. These technologies are expected to provide newer opportunities to market participants and plant developers in the near future.

In terms of geography, the land incineration plants market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World. Europe was the largest market for land incineration plants, followed by Asia Pacific and North America, in 2014. The market in Rest of the World is expected to witness significant growth in the near future due to evolving anti-landfills and anti-dumping regulation. Rapid commercialization, increasing energy demand, and supporting regulations in several countries including China and the U.K. are the major drivers of the development of land incineration plants. Key developers in the land incineration plants market include Suez Environment Company, Kawasaki Heavy Industries, Ltd., Babcock & Wilcox Enterprises, Inc., Martin GmbH für Umwelt-und Energietechnik, Hitachi Zosen Inova AG, Doosan Lentjes GmbH, Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), and Keppel Seghers Engineering Singapore Pte, Ltd.

Increasing urban population globally will anticipate to drive the demand for the land incineration plants in the near future. The global land incineration plants market has been segmented as follows:

Land Incineration Plants Market: By Capacity

 – Small & Medium Capacity

 – Large Capacity

Land Incineration Plants Market: By Region

North America
– U.S.
– Rest of North America

Europe
– France
– U.K.
– Rest of Europe

Asia Pacific
– China
– Japan
– Rest of Asia Pacific

Rest of the World

Browse Industry Research Press Release: http://www.transparencymarketresearch.com/pressrelease/global-land-incineration-plants-market.htm

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