Overview and Scope
Industrial emission control systems refer to the equipment and technologies designed to reduce or eliminate harmful emissions produced by industrial processes, such as manufacturing, power generation, and chemical production. These systems are used to reduce the release of pollutants such as particulate matter (PM), sulfur dioxide (SO2), nitrogen oxides (NOx), volatile organic compounds (VOCs), and other hazardous gases into the atmosphere.
Sizing and Forecast
The industrial emission control systems market size has grown strongly in recent years. It will grow from $19.92 billion in 2023 to $21.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to stringent environmental regulations, growing environmental awareness, technological advancements, rising industrialization and urbanization, volatility in energy prices, and corporate sustainability initiatives.
The industrial emission control systems market size is expected to see strong growth in the next few years. It will grow to $28.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to continued tightening of environmental regulations globally, escalating concerns about air pollution and its impact on public health and the environment, advancements in emission control technologies and the emergence of innovative solutions, and increasing adoption of cleaner energy sources. Major trends in the forecast period include rising adoption of multi-pollutant control systems to address diverse emissions simultaneously, growing investment in renewable energy and low-carbon technologies to reduce greenhouse gas emissions, increasing demand for decentralized and modular emission control solutions for flexibility and scalability, expanding applications of digitalization and data analytics, growing emphasis on circular economy principles and resource efficiency in emission control technologies.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/industrial-emission-control-systems-global-market-report
The industrial emission control systems market covered in this report is segmented –
1) By Equipment Type: Electrostatic Precipitator, Scrubbers, Fabric Filters, Cyclone Separators, Thermal Oxidizers, Catalytic Reactors, Other Equipment Types
2) By Technology: Particulate Control Systems, Gas Treatment Systems, VOC (Volatile Organic Compounds) Control Systems
3) By Emission Source: Power Generation, Cement, Pulp and Paper, Chemical Industry, Mining and Metal Processing Industry, Manufacturing, Other Emission Sources
Asia-Pacific was the largest region in the industrial emission control systems market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial emission control systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=14937&type=smp
Major Driver Impacting Market Growth
The increasing industrialization is expected to propel the growth of the industrial emission control systems market going forward. Industrialization refers to the process of transforming an economy from primarily agrarian and rural-based to one dominated by manufacturing, industry, and urbanization. Industrialization is on the rise due to a combination of technological, economic, social, and environmental factors that create opportunities for economic growth and development. Industrialization often leads to increased pollution levels, which can have adverse effects on public health and community well-being. Emission control systems help mitigate these effects by reducing air pollution and protecting local communities from exposure to harmful pollutants. These systems enable industries to comply with increasingly stringent environmental regulations imposed by governments worldwide. For instance, in July 2023, according to Eurostat, a Luxembourg-based government statistical agency, industrial output in the European area witnessed a 0.2% increase. Moreover, a 0.1% increase was reported in the European Union during the period between May and April 2023. Therefore, increasing industrialization is driving the growth of the industrial emission control systems market.
Key Industry Players
Major companies operating in the industrial emission control systems market are BASF SE, General Electric Company, Mitsubishi Hitachi Power Systems Ltd., Johnson Matthey PLC, John Wood Group PLC, GEA Group Aktiengesellschaft, DÜRR AG, FLSmidth & Co AS, Fujian Longking Co. Ltd., Babcock & Wilcox Enterprises Inc., Thermax Limited, Zhejiang Feida Environmental Protection Technology Co. Ltd., CECO Environmental, Hamon Corporation, KC Cottrell India Pvt. Ltd., Pennar Industries Limited, Ducon Technologies Inc., Monroe Environmental Corp., United Air Specialists Inc., Fuel Tech Inc., Anguil Environmental Systems Inc., Epcon Industrial Systems LP, Marsulex Environmental Technologies LLC, APC Technologies Inc., Air Clear LLC
The industrial emission control systems market report table of contents includes:
1. Executive Summary
2. Industrial Emission Control Systems Characteristics
3. Industrial Emission Control Systems Trends And Strategies
4. Industrial Emission Control Systems – Macro Economic Scenario
5. Global Industrial Emission Control Systems Size and Growth
…..
32. Global Industrial Emission Control Systems Competitive Benchmarking
33. Global Industrial Emission Control Systems Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Emission Control Systems
35. Industrial Emission Control Systems Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
