How Big Is the Incinerator Market | Growth, Size & Insights 2031

Code: MTA7286 Publication Date: Aug 2025

What is the size of Incinerator Market?

According to 6Wresearch internal database and industry insights, the Global Incinerator Market was valued at USD 7.1 Billion in 2024 and is expected to reach USD 9.8 Billion by 2031, growing at a compound annual growth rate of 4.70% during the forecast period (2025-2031).

The main drivers of this growth include the rising volume of municipal and industrial waste, increasing government regulations on waste disposal, and the demand for energy recovery from waste incineration.

Growth Factors for Incinerator Industry

  • Growing urbanization leading to higher municipal solid waste generation.
  • Strict environmental regulations for effective and safe waste disposal.
  • Rising adoption of waste-to-energy technologies to produce renewable energy.
  • Increased awareness of health risks associated with untreated waste.
  • Need for space-saving waste management solutions in urban areas.

Incinerator Market Trends

The incinerator market is witnessing rising demand for modular and mobile incinerators for on-site waste disposal. Advanced air pollution control systems are being integrated to meet environmental standards.

More investments are also done on medical and hazardous waste incinerators. Thermal treatment methods are also being preferred by countries with small areas of landfill spaces.

Emerging Developments in the Incinerator Market

The incinerator market is evolving with innovations in energy-efficient combustion technologies and hybrid incineration systems that integrate waste segregation.

Machines are being automated and remote monitoring capabilities are being implemented to enhance the rate of operations. Even governments are investing in the incinerator with the upgrades of waste management infrastructures through the partnership with the private sector.

Leading Companies in the Incinerator Industry

Below is a comprehensive list of the leading market players driving growth in this sector –

1. Babcock & Wilcox Enterprises

Company NameBabcock & Wilcox Enterprises
Establishment Year1867
HeadquarterAkron, Ohio, United States
Official WebsiteClick here

Provides energy recovery and environmental solutions through waste incineration plants.

2. Covanta Holding Corporation

Company NameCovanta Holding Corporation
Establishment Year1986
HeadquarterMorristown, New Jersey, United States
Official WebsiteClick here

Operates energy-from-waste (EfW) facilities and provides sustainable waste management.

3. SUEZ Group

Company NameSUEZ Group
Establishment Year1869
HeadquarterParis, France
Official WebsiteClick here

Delivers waste treatment and energy recovery services including incineration technologies.

4. Hitachi Zosen Inova

Company NameHitachi Zosen Inova
Establishment Year1933
HeadquarterZurich, Switzerland
Official WebsiteClick here

Specializes in waste-to-energy and flue gas treatment systems.

5. Keppel Seghers

Company NameKeppel Seghers
Establishment Year1999
HeadquarterSingapore
Official WebsiteClick here

Provides thermal waste treatment and energy recovery solutions globally.

6. Martin GmbH

Company NameMartin GmbH
Establishment Year1925
HeadquarterMunich, Germany
Official WebsiteClick here

A key provider of waste combustion systems and incineration technology.

7. Wheelabrator Technologies

Company NameWheelabrator Technologies
Establishment Year1972
HeadquarterPortsmouth, New Hampshire, United States
Official WebsiteClick here

Develops energy-from-waste plants and advanced environmental solutions.

8. Bertin Technologies

Company NameBertin Technologies
Establishment Year1956
HeadquarterMontigny-le-Bretonneux, France
Official WebsiteClick here

Provides compact and mobile incinerators for medical and hazardous waste.

9. Macrotec

Company NameMacrotec
Establishment Year1970
HeadquarterJohannesburg, South Africa
Official WebsiteClick here

Specializes in incinerators for medical, industrial, and animal waste.

10. Inciner8 Limited

Company NameInciner8 Limited
Establishment Year2003
HeadquarterSouthport, United Kingdom
Official WebsiteClick here

Designs and manufactures mobile and fixed incinerators for global markets.

How Big Is the Incinerator Market : FAQ's

The incinerator market is projected to reach USD 7.1 Billion by 2031.
Asia Pacific and Europe dominate due to rapid urbanization and stricter environmental norms.
Trends include mobile incinerators, energy recovery systems, and automation in plant operations.
Major companies include Covanta, Babcock & Wilcox, SUEZ, and Hitachi Zosen Inova.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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