22 Sep 2016 11:09:19
Mounting Need for Effective Waste Management Techniques to Drive Demand for Incinerator Equipment, says TMR
Owing to the flourishing market for waste management equipment and technologies, the demand for incinerator equipment is anticipated to significantly rise, states Transparency Market Research in a new report. The report is titled, “Incinerator Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”
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The report on the global incinerator equipment market is an in-depth analysis of the companies, segments, regions, and their strategies, positions, revenue generated, the volume produced and consumed and share in the global incinerator equipment market. According to the report, the mounting concerns over recycling of industrial waste is anticipated to drive the adoption of incinerator equipment across various industries.
The report states that the adoption of incinerator equipment aids in the minimization of transportation costs incurred on sending waste to landfills. Incinerator technologies also reduce the pressure executed on the available land resources. The study also states that the use of incinerator technologies helps in the elimination of harmful gases from the atmosphere produced from landfills. Incinerator equipment are effective on the reduction of environmental risks as well.
The industrial expansion in emerging economies is expected to drive the demand for incinerator equipment. The growth in the power generation industry across the world is further expected to expand the adoption of incinerator equipment in the coming years. Moreover, the implementation and revision of emissions laws and environmental regulations imposed by governments across the world are factors that are likely to influence industries to adopt incinerator equipment. Manufacturers of incinerator equipment are likely to gain lucrative growth opportunities from shifting their focus towards the growing industrial sector of emerging economies.
The global incinerator equipment market is expected to be negatively impacted by various regulatory policies imposed by various regulatory bodies regarding the high amount of carbon and toxic chemicals emitted during the waste treatment procedure. The U.S. Environmental Protection Agency (USEPA) imposed stringent regulations on the emission of dioxins, which has led to an increased deployment of incinerator equipment. Furthermore, the high initial cost of setting up an incineration plant is another factor that is expected to inhibit the growth of the global incinerator equipment market. The lack of skilled personnel required to operate incinerator equipment and the need for regular maintenance are likely to affect the adoption of incinerator equipment in the future.
However, ongoing research for the development of technologically advanced incinerators with relatively cleaner combustion capacity are anticipated to drive the growth of the global incinerator equipment market in the coming years. The mass participation of private and public companies in the manufacturing incinerator equipment is likely to augment the growth of the market in future. The key players operating in the global incinerator equipment are Nova Energy LLC, Greshman, Wheelabrator Technologies, Martin GmbH, Covanta Energy Corp., Suez Environment Co., and Brickner & Bratton, Inc. among others.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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