Shipboard Incineration Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Horizontal, Vertical); Application (Passenger Ships, Tankers, Fishing Boats, Cargo Ships, Boats, Others) and Geography
Report Code: TIPRE00010150
| No. of Pages: 150
| Category: Manufacturing and Construction
| Status: Upcoming
Shipboard incinerators are used to dispose of or burn garbage created during ship operations, such as oil rags, oil & water separator waste, and galley waste. It aids in the prevention of marine pollution by burning oily wastes in incinerators. Incinerators are high-temperature, high-pressure tanks that burn garbage and produce ash. They are built to prevent harmful air pollutants during the sludge oil burning process. These incinerators are not only for the disposal of sludge oil, but also for the combustion of hospital waste and plastic trash.
The "Global Shipboard Incineration Market Analysis to 2028" is a specialized and in-depth study of the Shipboard incineration Market with a special focus on the global market trend analysis. The report aims to provide an overview of shipboard incineration market with detailed market segmentation by type and application. The global shipboard incineration market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shipboard incineration market player and offers key trends and opportunities in the shipboard incineration market.
Based on type the market is segmented as, horizontal and vertical.
Based on application the market is segmented as, passenger ships, tankers, fishing boats, cargo ships, boats and others.
MARKET DYNAMICS Drivers:
The key growth drivers of the shipboard incinerators market are government regulations regarding energy savings and regulations restricting emissions generated from ships.
Furthermore, the stringent MARPOL Annex 5 law, which prohibits any garbage from being thrown into the water, is driving up demand for shipboard incineration.
Rapid growth in marine industry along with high demand for incineration in ships is expected to further spur the market growth.
Requirement of high initial investment is expected to restrain market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global shipboard incineration market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The shipboard incineration market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting shipboard incineration Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the shipboard incineration market in these regions.
IMPACT OF COVID-19 ON SHIPBOARD INCINERATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The reports cover key developments in the shipboard incineration market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from shipboard incineration market are anticipated to lucrative growth opportunities in the future with the rising demand for shipboard incineration market. Below mentioned is the list of few companies engaged in the shipboard incineration market.
The report also includes the profiles of key shipboard incineration market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
ATLAS INCINERATORS ApS
Hansun (Shanghai) Marine Technology
Kangrim Heavy Industries
Mavi Deniz Environmental Protection Co.
Scanship Environmental AS
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. ACS, Inc.
2. Alfa Laval
3. ATLAS INCINERATORS ApS
5. Fuente International
6. Hansun (Shanghai) Marine Technology
7. Kangrim Heavy Industries
8. Mavi Deniz Environmental Protection Co.
9. Scanship Environmental AS