India Incinerator Market Shipment Analysis
India Incinerator Market registered a growth of 31.94% in value shipments in 2022 as compared to 2021 and an increase of 9.55% CAGR in 2022 over a period of 2017. In Incinerator Market India is becoming less competitive as HHI index in 2022 was 3900 while in 2017 it was 2071. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Incinerator Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Incinerator Market in 2022 was 11.26 while in 2017 it was 5.51. China, Italy, Germany, Japan and Rep. of Korea were among the top players of the market in 2022, where China acquired the largest market share of 59.03% with a shipment value of 29.93 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 41.59% with the shipment value of 9.24 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
India Incinerator Market Synopsis
India Incinerator Market is expected to register a CAGR of 3.6% during the forecast period (2023-2029).The increasing demand for waste management services from various industries, coupled with stringent regulations on hazardous waste disposal are driving the growth of the market. The government initiatives such as Swachh Bharat Abhiyan and Make in India Campaign further boost the incineration market in India.
Drivers of the Market:
Growing awareness regarding environmental safety, rapid industrialization coupled with governmental initiatives focusing on reducing greenhouse gas emissions are some of the major factors augmenting the growth of Indian incinerator market. Moreover, increasing urban population and rising disposable income will drive an increase in domestic consumption resulting into more waste generation creating opportunities for industry players operating in this sector. Furthermore, technological advancements have resulted into cost effective solutions which are also fuelling up their demand across multiple industrial applications including medical waste treatment thereby aiding its acceptance among end users
Challenges of the Market:
High capital investments associated with installing these systems pose hindrances to its widespread adoption by end users especially small scale factories and industries who lack adequate financial resources to invest upfront into it . Additionally , high maintenance costs can act as a deterrent for potential buyers seeking long term profitability from these systems thus discouraging them from investing . Lastly , poor infrastructure and inadequate accessibility has hindered its uptake despite numerous benefits offered by these systems.
Trends of the Market:
Increasing use of incinerators due to growing concerns over global warming has led to emergence of new technologies that offer higher efficiency at lower operational costs such as advanced plasma arc technology utilized for destruction of complex pollutants like dioxins & furans released through burning processes . Also , manufacturers have started integrating automation capabilities thereby allowing easy monitoring & control over entire process flow making them attractive proposition for large scale operations.
Key Players of the Market:
Some key players operating in Indian Incinerator Market include Thermax Ltd., Hindustan Dorr-Oliver Ltd., Parle Agro Pvt Ltd., Envirocare Technologies Pvt Ltd., Technopro Solutions Pvt Ltd., Codefire Technologies LLP etc..
The COVID - 19 Impact on the Market:
Covid -19 pandemic has caused disruption throughout economy affecting all sectors including Incinerator market too; however companies engaged in manufacturing essential equipment’s related healthcare sector have benefitted while rest others witnessed moderate decline due to project delays alongwith supply chain disruptions leading towards low order intake . On other hand increased focus on hygiene & sterilisation practices.
Key Highlights of the Report:
- India Incinerator Market Outlook
- Market Size of India Incinerator Market, 2020
- Forecast of India Incinerator Market, 2027
- Historical Data and Forecast of India Incinerator Revenues & Volume for the Period 2018 - 2027
- India Incinerator Market Trend Evolution
- India Incinerator Market Drivers and Challenges
- India Incinerator Price Trends
- India Incinerator Porter's Five Forces
- India Incinerator Industry Life Cycle
- Historical Data and Forecast of India Incinerator Market Revenues & Volume By Product Type for the Period 2018 - 2027
- Historical Data and Forecast of India Incinerator Market Revenues & Volume By Moving Grate for the Period 2018 - 2027
- Historical Data and Forecast of India Incinerator Market Revenues & Volume By Static Hearth, Furnace and Multiple Hearth for the Period 2018 - 2027
- Historical Data and Forecast of India Incinerator Market Revenues & Volume By Rotary Kiln for the Period 2018 - 2027
- Historical Data and Forecast of India Incinerator Market Revenues & Volume By Fluidized Bed for the Period 2018 - 2027
- Historical Data and Forecast of India Incinerator Market Revenues & Volume By End-user for the Period 2018 - 2027
- Historical Data and Forecast of India Incinerator Market Revenues & Volume By Municipal Sector for the Period 2018 - 2027
- Historical Data and Forecast of India Incinerator Market Revenues & Volume By Industrial Sector for the Period 2018 - 2027
- India Incinerator Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By End-user
- India Incinerator Top Companies Market Share
- India Incinerator Competitive Benchmarking By Technical and Operational Parameters
- India Incinerator Company Profiles
- India Incinerator Key Strategic Recommendations
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India Incinerator |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Incinerator Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Incinerator Market Revenues & Volume, 2020 & 2027F |
3.3 India Incinerator Market - Industry Life Cycle |
3.4 India Incinerator Market - Porter's Five Forces |
3.5 India Incinerator Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.6 India Incinerator Market Revenues & Volume Share, By End-user, 2020 & 2027F |
4 India Incinerator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Incinerator Market Trends |
6 India Incinerator Market, By Types |
6.1 India Incinerator Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Incinerator Market Revenues & Volume, By Product Type, 2018 - 2027F |
6.1.3 India Incinerator Market Revenues & Volume, By Moving Grate, 2018 - 2027F |
6.1.4 India Incinerator Market Revenues & Volume, By Static Hearth, Furnace and Multiple Hearth, 2018 - 2027F |
6.1.5 India Incinerator Market Revenues & Volume, By Rotary Kiln, 2018 - 2027F |
6.1.6 India Incinerator Market Revenues & Volume, By Fluidized Bed, 2018 - 2027F |
6.2 India Incinerator Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 India Incinerator Market Revenues & Volume, By Municipal Sector, 2018 - 2027F |
6.2.3 India Incinerator Market Revenues & Volume, By Industrial Sector, 2018 - 2027F |
7 India Incinerator Market Import-Export Trade Statistics |
7.1 India Incinerator Market Export to Major Countries |
7.2 India Incinerator Market Imports from Major Countries |
8 India Incinerator Market Key Performance Indicators |
9 India Incinerator Market - Opportunity Assessment |
9.1 India Incinerator Market Opportunity Assessment, By Product Type, 2020 & 2027F |
9.2 India Incinerator Market Opportunity Assessment, By End-user, 2020 & 2027F |
10 India Incinerator Market - Competitive Landscape |
10.1 India Incinerator Market Revenue Share, By Companies, 2020 |
10.2 India Incinerator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
