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Incinerator Market Trends

Report ID: GMI7714
Published Date: Dec 2023
Report Format: PDF

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Incinerator Market Trends

The concept of a circular economy focusing toward minimizing waste and maximizing resource use will drive the industry growth. Increasing social awareness regarding environmental issues has led to a demand for more transparent and eco-friendly waste disposal solutions, influencing the development of cleaner and more efficient incineration technologies. Environmental regulations and a growing emphasis on sustainability have led to the development of incinerators with improved emission control systems to minimize the impact on air quality, stimulating the product penetration.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of incinerator was worth USD 17.7 billion in 2023 and is estimated to surpass USD 21.9 billion by 2032, due to the growing government support worldwide for implementing and enforcing stricter environmental regulations.

The grate incinerator product segment held over 30% share of the incinerator industry in 2023 owing to increasing applicability for waste disposal and energy recovery through the generation of electricity or heat.

Incinerator market size from the industrial end use segment is set to grow at 2.3% growth rate from 2024 to 2032, due to advantages, such as optimized performance and more safety for meeting regulatory requirements.

Asia Pacific incinerator industry size was USD 6.7 billion in 2023 due to the rapid urbanization and industrialization, leading to a significant increase in waste generation.