China: World's most important market for new waste incineration facilities

Waste incineration capacity is growing rapidly worldwide. In the last three years, the volume of orders for building new incinerators and modernisation or further extension of the current incineration facilities grew by 27.2 per cent. However, the majority of these positive developments were recorded outside Europe with other world regions posting a growth of over 40 per cent in the number of orders placed, according to the results of a latest study conducted by the Swiss consultancy firm Vaccani, Zweig & Associates. China was by far the largest market for incinerators with more than half of the orders (50.7 per cent) for new waste incineration facilities coming from the country since 2008. It was followed by Europe with a market share of 27.6 per cent. Nonetheless, the European market is still double the Chinese market in monetary terms because the investment costs in China are around one-fourth of the costs involved in Europe.