Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 22.81 Billion | USD 38.54 Billion | 6% | 2023 |
The global industrial emission control systems market size was worth around USD 22.81 billion in 2023 and is predicted to grow to around USD 38.54 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6% between 2024 and 2032.
The report covers forecast and analysis for the industrial emission control systems market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data of 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
The global industrial emission control systems market is likely to have prominent growth in the coming years and is expected to grow at a steady rate within the forecast period. There is enormous scope in the industrial emission control systems market owing to a variety of applications, technological advancement and growing demand in the market. Exceptional long-term resistance to thermo-oxidation, chemical aging at high temperatures, resist freezing and heating cycles, superior processability, and support the volumetric expansion due to freezing are the crucial attributes that are propelling the demand for the industrial emission control systems market across the globe. Additionally, investment in the construction industry coupled with rising infrastructure developments have increased which has led to the drive the industrial emission control systems market.
One of the most pollutant emitting industries is the power plant which emits hazardous gases such as SO2 and NOx due to the combustion of fossil fuels. Owing to these factors the demand for industrial emission control systems has increased in power plants. Moreover, the Petrochemicals and chemical industries are also positioned at the top owing to have a huge source of volatile organic compounds and hazardous air pollutants. Henceforth, there is an immense potential for the industrial emission control systems in these industries.
Stringent rules and regulations by several bodies such as the Environmental Protection Association (EPA) have encouraged the big players to put emphasis on the technological advancement aspects to wash out the hazardous gases which are generated from the industries. Moreover, the Clean Air Strategy was declared by the UK government in 2018 which focuses on dealing with all sources of air pollution, protecting nature, making the air healthier to breathe, and boosting the economy. These are the crucial factors that are uplifting the growth of the global industrial emission control systems market.
The secondary factor that is boosting the demand for industrial emission control systems is due to the rising demand for emission control systems in the power generation industry due to the replacement of the installed devices with shorter life expectancy. The factor which might hamper the growth of the industrial emission control systems market is the growing usage of alternative fuels for power generation so as to reduce the dependency of the coal.
The global industrial emission control systems market has been categorized on the basis of the device and application.
Based on the device, the industrial emission control systems market is segmented into electrostatic precipitators, catalytic systems, absorbers, and scrubbers. The electrostatic precipitator system is likely to have a prominent growth as it is primarily utilized for air filtration to remove the particulate matter with the support of the electrostatic force. They are broadly used in cement industry plants, steel & paper mills, and petroleum refineries and smelters to filter dangerous discharges released from these industries which will upsurge the market growth. The scrubber system is utilized majorly in steel making, chemical processes, and acid manufacturing plants so as to eliminate the harmful pollutants especially acid gases.
Based on the application, the industrial emission control systems market is segmented into power plants, chemicals, and petrochemicals, cement, metal, and manufacturing.
Report Attributes | Report Details |
---|---|
Report Name | Industrial Emission Control Systems Market |
Market Size in 2023 | USD 22.81 Billion |
Market Forecast in 2032 | USD 38.54 Billion |
Growth Rate | CAGR of 6% |
Number of Pages | 110 |
Key Companies Covered | Johnson Mattey, Air Clean, BASF, Thermax, General Electric, CECO Environmental, Mitsubishi Hitachi Power Systems, APC Technologies, Fujian Longking, Auburn Systems, Hamon, Ducon technologies and Babcock & Wilcox |
Segments Covered | By Device, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, the Asia-Pacific region is likely to lead the market owing to the increasing demand for energy. There is enormous scope for this product in major countries like China, India, and Japan. After the Asia Pacific, the market is expected to be followed by Europe and North America regions.
The Middle East & Africa region is expected to grow at a noticeable rate due to growth in the oil & gas sector, which will be a prominent sector for emission control systems market.
The key players in the global industrial emission control systems market are
By Device
By Application
Industrial Emission Control Systems Market : Regional Segment Analysis
FrequentlyAsked Questions
Industrial emission control systems are a set of technologies, processes, and equipment designed to reduce or eliminate harmful pollutants and emissions generated by industrial processes before they are released into the environment. These systems play a crucial role in mitigating air pollution, protecting public health, and minimizing the environmental impact of industrial activities.
Government regulations and standards aimed at reducing air pollution and greenhouse gas emissions drive the demand for industrial emission control systems. Companies are required to implement emission reduction technologies to comply with regulatory requirements.
The global industrial emission control systems market size was worth around USD 22.81 billion in 2023 and is predicted to grow to around USD 38.54 billion by 2032.
The global industrial emission control systems market a compound annual growth rate (CAGR) of roughly 6% between 2024 and 2032.
Geographically, the Asia-Pacific region is likely to lead the market owing to the increasing demand for energy. There is enormous scope for this product in major countries like China, India, and Japan. After the Asia Pacific, the market is expected to be followed by Europe and North America regions. The Middle East & Africa region is expected to grow at a noticeable rate due to growth in the oil & gas sector, which will be a prominent sector for emission control systems market.
The key players in the global industrial emission control systems market are Johnson Mattey, Air Clean, BASF, Thermax, General Electric, CECO Environmental, Mitsubishi Hitachi Power Systems, APC Technologies, Fujian Longking, Auburn Systems, Hamon, Ducon technologies and Babcock & Wilcox among others.
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