London, 23 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global incinerator market 2015-2019, which is expected to grow at a CAGR of 5.85% during the forecast period of 2014-2019.
The increase in waste generation as a result of rapid population increases, urbanization, and industrialization is a major factor that drives the prospects of growth in this market. The problem of surplus waste generation is common in developing nations where rapid industrialization has led to the deposition of excess waste materials in the environment. The need for suitable waste disposal has in turn augmented the demand for incinerators throughout the globe. Also, the ability of the incinerators to generate energy has provided industries with an alternative source for energy generation.
“Moving grate incinerators are generally preferred because of their ability to handle huge volumes of waste material and because of their lower running costs. Moving grate incinerators accounted for about 46% of the global incinerator market in 2014,” says Faisal Ghaus, Vice President of Technavio.
“Moving grate incinerators can be used for combustion of large volumes of municipal waste and can accommodate a feedstock of 1,200 tons per day. They are less expensive than rotary kilns and require less maintenance.”
Key Market Drivers:
- Rapid Increase in Waste Generation.
- Growing Energy Needs.
- Need to Upgrade Existing Technologies.
Key Market Trends:
- High Growth Prospects in Developing Economies.
- Increased Presence of Global Vendors in APAC.
- Increasing Demand for Moving Grate Incinerators.
Key Market Vendors:
- Babcock & Wilcox Co.
- Covanta Energy Corp.
- Constructions industrielles de la Méditerranée (CNIM)
- Suez Environnement Co. S.A.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
