Transparency Market Research has published a new report "Land Incineration Plants Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023" to its report store.
Albany, NY -- (SBWIRE) -- 08/18/2016 -- Incineration of waste has become one of the fastest methods of eliminating waste while still generating output from it. In a typical incineration plant, waste is burned within a controlled environment. The resulting heat from burning the waste is fed directly into a unit, which converts it into electricity. At the same time, the ash produced in a land incineration plant is used as an additive for the production of cement. All in all, a typical land incineration plant contains solid residue handling systems, air pollution control systems, boilers, combustions systems, handling and receiving systems for waste, and incinerators.
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The global land incineration plants market is exhibiting a steady CAGR of 5.5% between 2015 and 2013. The market was recorded at US$43.9 bn in 2014. Owing to the various growth factors, it is expected to reach US$68.7 bn by the end of 2023. The key players in the global land incineration plants market are Keppel Seghers Engineering Singapore Pte, Ltd., Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), Doosan Lentjes GmbH, Hitachi Zosen Inova AG, Martin GmbH für Umwelt-und Energietechnik, Babcock & Wilcox Enterprises, Inc., Kawasaki Heavy Industries, Ltd., and Suez Environment Company.
Global Land Incineration Plants Market Boosted by Rapid Urbanization
As the size of urban areas grows in developing economies, the global land incineration plants market is finding a growing demand across the world. Landfills, which are the typical waste management method, are fast becoming difficult to maintain due to the large quantities of waste coming in on a daily basis. Incineration is thus becoming one of the major modes of waste management preferred by multiple countries. Other methods include gasification, recycling, and pyrolysis. All these methods are effective in management of waste, but the global land incineration plants market is finding a larger user base due to the rate at which it can eliminate waste.
Depending on the composition of the waste, typical plants in the global land incineration plants market can reduce the mass of municipal solid waste by nearly 80.0%. They can reduce the volume of a waste management facility by nearly 90.0%
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Global Land Incineration Plants Market Further Bolstered by Government Aid
One of the major factors boosting the global land incineration plants market in recent times has been the amount of attention the market is getting from government as well as other organizations. These organizations are heavily funding and promoting the use of land incinerator plants for the elimination of waste. At the same time, the global land incineration plants market is also bolstered by the increase in landfill tax levied by countries such as New Zealand and the U.K.
On the other hand, one of the greater restraints on the global land incineration plants market is the opposition by the public and many environment protection organizations over the excessive emissions of harmful gases. However, this is only true of older land incineration plants. Modern plants possess superior control over emissions and can therefore help curtail environmental pollution even more.
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