Incineration Plants Market

By Capacity;

Large Capacity, Medium Capacity, and Small Capacity

By Application;

Municipal and Non-Municipal

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn033525321 Published Date: August, 2025 Updated Date: September, 2025

Incineration Plants Market Overview

Incineration Plants Market (USD Million)

Incineration Plants Market was valued at USD 92,457.15 million in the year 2024. The size of this market is expected to increase to USD 191,955.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.0%.


Incineration Plants Market

*Market size in USD million

CAGR 11.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)11.0 %
Market Size (2024)USD 92,457.15 Million
Market Size (2031)USD 191,955.86 Million
Market ConcentrationLow
Report Pages318
92,457.15
2024
191,955.86
2031

Major Players

  • BT Wolfgang Binder GmbH
  • China Everbright Environment Group Ltd.
  • Covanta Holding Corp.
  • Doosan Corp.
  • Granutech Saturn Systems
  • Hitachi Zosen Corp.
  • Incinco Ltd.
  • INCINER8 Ltd.
  • Ionicon Analytik Ges mbH
  • Kawasaki Heavy Industries Ltd.
  • Keppel Corp.
  • MARTIN GmbH
  • Mitsubishi Heavy Industries Ltd.
  • Nippon Steel Corp.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Incineration Plants Market

Fragmented - Highly competitive market without dominant players


The Incineration Plants Market is witnessing steady expansion, driven by the rising need for sustainable waste management solutions. With nearly 50% of municipal solid waste treatment facilities adopting incineration, the technology is gaining prominence as an effective method to reduce landfill dependence. The dual benefits of waste reduction and energy recovery are making these plants a key part of modern waste-to-energy initiatives.

Growing Demand for Waste-to-Energy
Around 45% of newly developed incineration plants are designed with integrated energy recovery systems. This trend highlights the growing emphasis on converting waste into usable heat and electricity, enhancing resource efficiency. By contributing to renewable energy goals, incineration plants are increasingly viewed as a sustainable option in the global energy mix.

Rising Urban Waste Volumes
With urban populations generating over 60% of global waste, the pressure on cities to manage disposal efficiently is intensifying. Incineration plants provide a practical solution by reducing waste volume by nearly 90%, easing the burden on limited landfill space. This makes them vital infrastructure in urban sustainability strategies.

Technological Advancements
Innovations in flue gas cleaning, emission control, and heat recovery are shaping the market. Advanced systems are improving operational efficiency by up to 35% while ensuring compliance with stringent environmental standards. These developments are enhancing both the environmental and economic value of incineration plants worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Capacity
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Incineration Plants Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Recovery and Resource Efficiency

        2. Health and Safety Considerations

        3. Public and Private Sector Investments

      2. Restraints
        1. Waste Composition and Feedstock Quality

        2. Competing Waste Management Technologies

        3. Limited Availability of Suitable Sites

      3. Opportunities
        1. Public-Private Partnerships (PPPs)

        2. Circular Economy Initiative

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Incineration Plants Market, By Capacity, 2021 - 2031 (USD Million)
      1. Large Capacity
      2. Medium Capacity
      3. Small Capacity
    2. Incineration Plants Market, By Application, 2021 - 2031 (USD Million)

      1. Municipal

      2. Non-Municipal

    3. Incineration Plants Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BT Wolfgang Binder GmbH
      2. China Everbright Environment Group Ltd.
      3. Covanta Holding Corp.
      4. Doosan Corp.
      5. Granutech Saturn Systems
      6. Hitachi Zosen Corp.
      7. Incinco Ltd.
      8. INCINER8 Ltd.
      9. Ionicon Analytik Ges mbH
      10. Kawasaki Heavy Industries Ltd.
      11. Keppel Corp.
      12. MARTIN GmbH
      13. Mitsubishi Heavy Industries Ltd.
      14. Nippon Steel Corp.
  7. Analyst Views
  8. Future Outlook of the Market