The marine incinerators market size has grown strongly in recent years. It will grow from $12.8 billion in 2023 to $13.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The increase observed during the historical period can be linked to regulatory adherence, a rise in marine traffic, advancements in incinerator technology, heightened environmental awareness, and economic development.
The marine incinerators market size is expected to see strong growth in the next few years. It will grow to $17.55 billion in 2028 at a compound annual growth rate (CAGR) 6.5%. The anticipated growth in the forecast period is expected to stem from the expanding cruise and shipping sector, stricter environmental regulations, sustainability efforts, the growth of marine tourism, and the proliferation of cruise and ferry services. Key trends during this forecast period encompass technological innovations, advanced emission control systems, improved automation and smart controls, integration with digital technologies, and the creation of eco-friendly materials.
The growth of the cruise ship industry is expected to drive the marine incinerators market in the coming years. The cruise ship sector involves operating large passenger vessels that provide vacation experiences at sea, complete with accommodations, entertainment, and travel to various destinations, often as part of packaged tours. This industry is expanding due to rising demand for unique travel experiences, an increase in cruise destinations, and innovative onboard entertainment options that attract a diverse array of travelers. Marine incinerators play a crucial role in the cruise industry by safely disposing of waste materials, including food, paper, and plastics, through high-temperature incineration to minimize environmental impact and comply with waste management regulations. For instance, in May 2024, the Cruise Lines International Association, a U.S.-based trade organization, reported that the cruise industry experienced a passenger volume of 31.7 million in 2023, up from 29.7 million passengers four years earlier. Thus, the growth of the cruise ship sector will stimulate the development of the marine incinerators market.
Key companies in the marine incinerator market are focusing on technological advancements, such as the development of single-burner incinerators, to improve energy efficiency, reduce emissions, and optimize waste management processes aboard ships, thereby enhancing compliance with environmental regulations and operational cost-effectiveness. A single-burner incinerator is designed to efficiently combust waste using one burner, simplifying incineration, lowering fuel consumption, and reducing emissions in marine and industrial applications. For example, in January 2023, Atlas Incinerators A/S, a Denmark-based manufacturer of marine and offshore incinerators, launched the X10 Titan series. This advanced line features a single, multi-fuel burner capable of handling both fuel oil and sludge oil without the need for preheating. This innovation significantly reduces the need for spare parts, fuel, and energy while eliminating the requirement for steam, electricity, or thermal oil heating systems. The X10 Titan offers ship owners a cost-effective and energy-efficient solution for garbage incineration by streamlining operations and enhancing efficiency.
In May 2024, Daikin Industries, Ltd., a Japan-based company specializing in air conditioning and refrigeration solutions, acquired 4.67% of the outstanding shares of Miura Co., Ltd. This investment aims to strengthen strategic collaboration and leverage synergies within the industrial boiler and energy systems sectors. The partnership is intended to enhance Daikin's market position and expand its technological capabilities. Miura Co. Ltd. specializes in the development and manufacture of industrial boilers and marine incinerators.
Major companies operating in the marine incinerators market are Veolia Environnement S.A., Wärtsilä Corporation, Alfa Laval AB, Dürr Systems Inc., Atlas Incinerators ApS, Thermax Limited, Evac Oy, Scanship Environmental AS, Elastec Inc., TeamTec AS, Haat Incinerators India Pvt Ltd, Fuente International Co. Ltd., ACS Inc., Detegasa, Desarrollos Tecnicos de Galicia S.A. (DETEGASA), China Deyuan Marine Fitting Co. Ltd., Mavi Deniz Çevre Hizmetleri A.Ş, Chongqing Jinbo Marine Equipment Co. Ltd., Kangrim Heavy Industries Co. Ltd., Edutek Instrumentation Pvt Ltd.
Europe was the largest region in the marine incinerators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marine incinerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the marine incinerators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Marine incinerators are specialized waste disposal systems installed on ships and marine vessels that incinerate waste materials, including food, paper, and plastic, at elevated temperatures. These systems aim to decrease waste volume, reduce environmental impact, and adhere to international waste management regulations.
The primary types of marine incinerators are horizontal marine incinerators and vertical cyclone marine incinerators. Horizontal marine incinerators feature a horizontal combustion chamber, which allows for efficient waste incineration on ships, making them suitable for vessels with limited clearance. Their applications span cargo ships, passenger ships, fishing vessels, tankers, high-speed crafts, and other industry verticals such as chemical and petrochemical, oil and gas, and healthcare.
The marine incinerators market research report is one of a series of new reports that provides marine incinerators market statistics, including marine incinerators industry global market size, regional shares, competitors with an marine incinerators market share, detailed marine incinerators market segments, market trends and opportunities, and any further data you may need to thrive in the marine incinerators industry. This marine incinerators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The marine incinerators market consists of sales of sludge incinerators, solid waste incinerators, dual waste incinerators, and marine incinerators with pollution control systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The marine incinerators market size is expected to see strong growth in the next few years. It will grow to $17.55 billion in 2028 at a compound annual growth rate (CAGR) 6.5%. The anticipated growth in the forecast period is expected to stem from the expanding cruise and shipping sector, stricter environmental regulations, sustainability efforts, the growth of marine tourism, and the proliferation of cruise and ferry services. Key trends during this forecast period encompass technological innovations, advanced emission control systems, improved automation and smart controls, integration with digital technologies, and the creation of eco-friendly materials.
The growth of the cruise ship industry is expected to drive the marine incinerators market in the coming years. The cruise ship sector involves operating large passenger vessels that provide vacation experiences at sea, complete with accommodations, entertainment, and travel to various destinations, often as part of packaged tours. This industry is expanding due to rising demand for unique travel experiences, an increase in cruise destinations, and innovative onboard entertainment options that attract a diverse array of travelers. Marine incinerators play a crucial role in the cruise industry by safely disposing of waste materials, including food, paper, and plastics, through high-temperature incineration to minimize environmental impact and comply with waste management regulations. For instance, in May 2024, the Cruise Lines International Association, a U.S.-based trade organization, reported that the cruise industry experienced a passenger volume of 31.7 million in 2023, up from 29.7 million passengers four years earlier. Thus, the growth of the cruise ship sector will stimulate the development of the marine incinerators market.
Key companies in the marine incinerator market are focusing on technological advancements, such as the development of single-burner incinerators, to improve energy efficiency, reduce emissions, and optimize waste management processes aboard ships, thereby enhancing compliance with environmental regulations and operational cost-effectiveness. A single-burner incinerator is designed to efficiently combust waste using one burner, simplifying incineration, lowering fuel consumption, and reducing emissions in marine and industrial applications. For example, in January 2023, Atlas Incinerators A/S, a Denmark-based manufacturer of marine and offshore incinerators, launched the X10 Titan series. This advanced line features a single, multi-fuel burner capable of handling both fuel oil and sludge oil without the need for preheating. This innovation significantly reduces the need for spare parts, fuel, and energy while eliminating the requirement for steam, electricity, or thermal oil heating systems. The X10 Titan offers ship owners a cost-effective and energy-efficient solution for garbage incineration by streamlining operations and enhancing efficiency.
In May 2024, Daikin Industries, Ltd., a Japan-based company specializing in air conditioning and refrigeration solutions, acquired 4.67% of the outstanding shares of Miura Co., Ltd. This investment aims to strengthen strategic collaboration and leverage synergies within the industrial boiler and energy systems sectors. The partnership is intended to enhance Daikin's market position and expand its technological capabilities. Miura Co. Ltd. specializes in the development and manufacture of industrial boilers and marine incinerators.
Major companies operating in the marine incinerators market are Veolia Environnement S.A., Wärtsilä Corporation, Alfa Laval AB, Dürr Systems Inc., Atlas Incinerators ApS, Thermax Limited, Evac Oy, Scanship Environmental AS, Elastec Inc., TeamTec AS, Haat Incinerators India Pvt Ltd, Fuente International Co. Ltd., ACS Inc., Detegasa, Desarrollos Tecnicos de Galicia S.A. (DETEGASA), China Deyuan Marine Fitting Co. Ltd., Mavi Deniz Çevre Hizmetleri A.Ş, Chongqing Jinbo Marine Equipment Co. Ltd., Kangrim Heavy Industries Co. Ltd., Edutek Instrumentation Pvt Ltd.
Europe was the largest region in the marine incinerators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marine incinerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the marine incinerators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Marine incinerators are specialized waste disposal systems installed on ships and marine vessels that incinerate waste materials, including food, paper, and plastic, at elevated temperatures. These systems aim to decrease waste volume, reduce environmental impact, and adhere to international waste management regulations.
The primary types of marine incinerators are horizontal marine incinerators and vertical cyclone marine incinerators. Horizontal marine incinerators feature a horizontal combustion chamber, which allows for efficient waste incineration on ships, making them suitable for vessels with limited clearance. Their applications span cargo ships, passenger ships, fishing vessels, tankers, high-speed crafts, and other industry verticals such as chemical and petrochemical, oil and gas, and healthcare.
The marine incinerators market research report is one of a series of new reports that provides marine incinerators market statistics, including marine incinerators industry global market size, regional shares, competitors with an marine incinerators market share, detailed marine incinerators market segments, market trends and opportunities, and any further data you may need to thrive in the marine incinerators industry. This marine incinerators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The marine incinerators market consists of sales of sludge incinerators, solid waste incinerators, dual waste incinerators, and marine incinerators with pollution control systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Marine Incinerators Market Characteristics3. Marine Incinerators Market Trends And Strategies32. Global Marine Incinerators Market Competitive Benchmarking33. Global Marine Incinerators Market Competitive Dashboard34. Key Mergers And Acquisitions In The Marine Incinerators Market
4. Marine Incinerators Market - Macro Economic Scenario
5. Global Marine Incinerators Market Size and Growth
6. Marine Incinerators Market Segmentation
7. Marine Incinerators Market Regional And Country Analysis
8. Asia-Pacific Marine Incinerators Market
9. China Marine Incinerators Market
10. India Marine Incinerators Market
11. Japan Marine Incinerators Market
12. Australia Marine Incinerators Market
13. Indonesia Marine Incinerators Market
14. South Korea Marine Incinerators Market
15. Western Europe Marine Incinerators Market
16. UK Marine Incinerators Market
17. Germany Marine Incinerators Market
18. France Marine Incinerators Market
19. Italy Marine Incinerators Market
20. Spain Marine Incinerators Market
21. Eastern Europe Marine Incinerators Market
22. Russia Marine Incinerators Market
23. North America Marine Incinerators Market
24. USA Marine Incinerators Market
25. Canada Marine Incinerators Market
26. South America Marine Incinerators Market
27. Brazil Marine Incinerators Market
28. Middle East Marine Incinerators Market
29. Africa Marine Incinerators Market
30. Marine Incinerators Market Competitive Landscape And Company Profiles
31. Marine Incinerators Market Other Major And Innovative Companies
35. Marine Incinerators Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Marine Incinerators Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on marine incinerators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for marine incinerators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The marine incinerators market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Horizontal Marine Incinerators; Vertical Cyclone Marine Incinerator2) By Application: Cargo Ships; Passenger Ships; Fishing Vessels; Tankers; High-Speed Crafts; Other Applications
3) By Industry Vertical: Chemical And Petrochemical; Oil And Gas; Healthcare; Other Industries
Key Companies Mentioned: Veolia Environnement S.A.; Wärtsilä Corporation; Alfa Laval AB; Dürr Systems Inc.; Atlas Incinerators ApS
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies profiled in this Marine Incinerators market report include:- Veolia Environnement S.A.
- Wärtsilä Corporation
- Alfa Laval AB
- Dürr Systems Inc.
- Atlas Incinerators ApS
- Thermax Limited
- Evac Oy
- Scanship Environmental AS
- Elastec Inc.
- TeamTec AS
- Haat Incinerators India Pvt Ltd
- Fuente International Co. Ltd.
- ACS Inc.
- Detegasa
- Desarrollos Tecnicos de Galicia S.A. (DETEGASA)
- China Deyuan Marine Fitting Co. Ltd.
- Mavi Deniz Çevre Hizmetleri A.Ş
- Chongqing Jinbo Marine Equipment Co. Ltd.
- Kangrim Heavy Industries Co. Ltd.
- Edutek Instrumentation Pvt Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | December 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 13.62 Billion |
| Forecasted Market Value ( USD | $ 17.55 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
