Global Incineration Plants Market 2018-2022
About this market
Integrated waste management system (IWMS) to drive growth in the market. IWMS focuses on sustainable waste management by addressing all technical and governance aspects. It has replaced the concept of by the concept of a resource. It is combination of waste prevention and reduction, maximizing recycling of waste, sorting, and waste separation in an efficient manner. Technavio’s analysts have predicted that the incineration plants market will register a CAGR of more than 9% by 2022.
Decrease in the use of landfill due to limited land availability
Landfill has been the most popular choice among the several waste management techniques. However, it requires loss of space thereby driving the demand for techniques such as incineration plants.
Environmental issues associated with harmful pollutants
Incineration is an attractive WTE technology; however, in the absence of strict controls, it can lead to air, land, and water pollution.
For the detailed list of factors that will drive and challenge the growth of the incineration plants market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Sembcorp Industries and Veolia the competitive environment is quite intense. Factors such as the decrease in the use of landfill due to limited land availability and the integrated waste management system (IWMS), will provide considerable growth opportunities to incineration plants manufactures. Babcock & Wilcox, China Everbright International, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Sembcorp Industries, and Veolia are some of the major companies covered in this report.
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