TransparencyMarket Research has released a new market report titled, “LandIncineration Plants Market - Global Industry Analysis, Size, Share, GrowthTrends, and Forecast 2015 - 2023”. According to thisreport, the global landincineration plants market was valued at US$43.93 bn in2014 and is projected to reach US$68.71 bn by 2023 at a CAGR of 5.5% from 2015to 2023.
Atraditional land incineration plant consist of incinerators, waste receipt and handlingsystems, combustion systems, heat recovery systems (boilers), air pollutioncontrol systems, and combustion solid residue handling systems. Incineratorsplay a vital role in land incineration plants. These reduce the mass ofmunicipal solid waste by almost 80% and volume by 90% by burning it undercontrolled environment. The heat generated from these plants is utilized forseveral industrial applications. In most of the cases, the heat generated istransferred to waste-to-energy plants, which utilize it for electricitygeneration. Bottom ash produced as a by-product from a land incineration plantis utilized in cement plants for the production of cement. Based on the amountof waste incinerated per day, land incineration plants have been categorizedinto small & medium capacity and large capacity plants. Governments andother local authorities across the globe are promoting the development of landincineration plants by offering various funding schemes such as capital grants,prudential borrowing, and waste infrastructure (WI) credits. Introduction ofhigher landfill tax by several countries such as the U.K. and New Zealand isalso driving the development of such plants globally. However, traditional landincinerator plants have attracted a lot of public opposition in the form ofprotest in several regions primarily due to emission of flue gas. This acts asa major challenge for the development of land incineration plants. However,modern land incineration plants have adopted several advanced and sustainabletechnologies that have decreased emission of flue gas. These technologies areanticipated to provide newer opportunities to market participants and plantdevelopers in the near future.
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The landincineration plants market has been segmented on the basis of capacity ofincineration and geography. Based on capacity of incineration, the market hasbeen segmented into small & medium capacity and large capacity plants. Thelarge capacity incineration plants segment held the largest share of 89% of theland incineration plants market in 2014. Key developers in the landincineration plants market include Suez Environment Company, Kawasaki Heavy Industries,Ltd., Babcock & Wilcox Enterprises, Inc., Martin GmbH für Umwelt-undEnergietechnik, Hitachi Zosen Inova AG, Doosan Lentjes GmbH, Mitsubishi HeavyIndustries Environmental & Chemical Engineering Co., Ltd. (MHIEC), andKeppel Seghers Engineering Singapore Pte, Ltd.
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