Government Funding and Anti-dumping Regulations to Boost Land Incineration Plants Market
Incineration of waste has become one of the fastest methods of eliminating waste while still generating benefits from it. This is because the resulting heat from burning the waste is fed directly into a unit, which converts it into electricity. Moreover, the ash produced in a land incineration plant can be used as an additive for the production of cement. According to a report published by Transparency Market Research, the global land incineration plants market is expected to rise from US$43.93 bn in 2014 to US$68.71 bn by 2023 expanding at a CAGR of 5.5% from 2015 to 2023.
TMR analysts shed light on three important questions that companies operating in the land incineration plants market have:
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Q. What are factors driving the global land incineration plants market?
Owing to the large quantities of waste generated on a daily basis, conventional methods of waste management such as landfills are becoming inconvenient. Therefore, incineration is emerging as a key mode for waste management in various countries, driving the market. As compared to other methods such as recycling and gasification, land incineration plants are increasingly being adopted owing to the rate at which it can eliminate waste.
The global land incineration plants market is further bolstered by the amount of attention it is receiving from government as well as other organizations. These organizations and government bodies are regularly 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.
Q. Which geographical area is expected to lead in the coming years?
In 2014, Europe led in the global land incineration plants market. Europe was followed by Asia Pacific and North America. Technological advancements and an in Europe and North America are fueling the adoption of land incineration plants. However, it is estimated that the Rest of the World will witness significant growth in the coming years owing to evolving anti-landfill and anti-dumping regulations. Growing demand for energy is another factor boosting the adoption of these plants.
Q. What are some of the recent developments reported by players in the market?
Keppel Seghers, a company based in Singapore, has signed a US$26.7 mn contract to provide technology and services to the Baoan waste-to-energy plant in Shenzhen, Guangdong Province, China. Once the project is completed by 2018, and Keppel Seghers' proprietary technology is employed across China, over 10 mn tons of municipal waste per year will be processed, generated by over 20 mn citizens. This waste will be converted into 12,000 MWh of renewable energy per day and this will help reduce CO2 emissions by six million tons per year.
Hitachi Zosen Inova AG, the Swiss clean-tech company, has signed a contract with SSE Plc on June 2016 to construct the Ferrybridge Multifuel 2 (FM2), which uses a thermal EfW process and is expected to annually handle 570,000 tons of waste derived from commercial, industrial, and municipal sectors. The plant will produce energy that can reportedly power 170,000 homes.
The success of such projects is expected to increase the popularity of land incineration plants and ensure significant growth of the market in the future.
About Us
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.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
TMR analysts shed light on three important questions that companies operating in the land incineration plants market have:
View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9254
Q. What are factors driving the global land incineration plants market?
Owing to the large quantities of waste generated on a daily basis, conventional methods of waste management such as landfills are becoming inconvenient. Therefore, incineration is emerging as a key mode for waste management in various countries, driving the market. As compared to other methods such as recycling and gasification, land incineration plants are increasingly being adopted owing to the rate at which it can eliminate waste.
The global land incineration plants market is further bolstered by the amount of attention it is receiving from government as well as other organizations. These organizations and government bodies are regularly 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.
Q. Which geographical area is expected to lead in the coming years?
In 2014, Europe led in the global land incineration plants market. Europe was followed by Asia Pacific and North America. Technological advancements and an in Europe and North America are fueling the adoption of land incineration plants. However, it is estimated that the Rest of the World will witness significant growth in the coming years owing to evolving anti-landfill and anti-dumping regulations. Growing demand for energy is another factor boosting the adoption of these plants.
Q. What are some of the recent developments reported by players in the market?
Keppel Seghers, a company based in Singapore, has signed a US$26.7 mn contract to provide technology and services to the Baoan waste-to-energy plant in Shenzhen, Guangdong Province, China. Once the project is completed by 2018, and Keppel Seghers' proprietary technology is employed across China, over 10 mn tons of municipal waste per year will be processed, generated by over 20 mn citizens. This waste will be converted into 12,000 MWh of renewable energy per day and this will help reduce CO2 emissions by six million tons per year.
Hitachi Zosen Inova AG, the Swiss clean-tech company, has signed a contract with SSE Plc on June 2016 to construct the Ferrybridge Multifuel 2 (FM2), which uses a thermal EfW process and is expected to annually handle 570,000 tons of waste derived from commercial, industrial, and municipal sectors. The plant will produce energy that can reportedly power 170,000 homes.
The success of such projects is expected to increase the popularity of land incineration plants and ensure significant growth of the market in the future.
About Us
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.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com