Incinerators Market Analysis Size, Share, Growth, Trends and Forecast 2014 to 2020

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Incinerators are used for incineration of solid waste. Incineration is a waste treatment process that consists of combustion of organic waste materials into ash, flue gas and heat. In some cases, the heat produced could be used to generate electricity. Incinerators reduce the solid waste mass by 80-90% and the volume by almost 95%, depending on the composition of waste and the degree of recovery of materials post incineration. Global incinerators market is expected to be driven by increasing waste generation. Growing industrial and municipal waste across, has led to increased focus on disposal, which is expected to mirror in the global incinerators market. Growth waste-to-energy conversion technologies such as generating electricity through thermal treatment i.e., incineration is expected to drive the market growth. However, environmental concerns regarding the emission of flue gases might pose challenges to the market growth. Manufacturers in the market are developing better incineration technologies that provide cleaner emissions. Such technological advancements might provide newer opportunities to the market participants over the future period.

North America and Asia Pacific are key regions for the incinerators market. Regulatory initiatives to promote waste-to-energy technologies such as incineration are expected to boost incinerators market in these regions. Furthermore, increasing industrial and municipal waste is expected to drive the market in the region over the forecast period. Availability of landfill sites for the disposal of combusted waste is another factor that is expected to complement the market growth. Europe has a ban on landfilling of untreated waste, which has given rise to use of incinerators in the region over the past. Additionally, generation of energy through this process is also expected to drive the incinerators market growth in the region. Replacement of older incinerators with newer technologies is expected to boost the demand for incinerators in the region. Asia Pacific is expected to exhibit significant growth owing to rapid industrialization in emerging economies of India and China coupled with increasing industrial waste. Furthermore, scarcity of land in Japan has driven the government to adopt incineration processes to reduce the impact of waste on landfills. This is expected to further drive the growth of the market in this region.

Read more: http://www.grandviewresearch.com/industry-analysis/incinerators-market

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