Industrial Emission Control Systems Market Size By Device (Electrostatic Precipitators, Catalytic Systems, Absorbers, Scrubbers), By Application (Power Plants, Chemicals and Petrochemicals, Cement, Metal, Manufacturing), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Published Date: Dec 2016 | Report ID: GMI846 | Authors: Ankit Gupta, Aditya Singh Bais
Industrial Emission Control Systems Market size in 2015 was valued over USD 13 billion and is anticipated to grow over 6% by 2024.
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International commitment toward climate change, declining cost of renewables along with introduction of stringent pollution abatement regulations is set to boost the Industrial Emission Control Systems (IECS) market growth. Positive outlook toward chemical, automobile and refineries sectors along with periodic replacement of old devices will augment the product installation. Growth of coal-fired power industry specifically in the developing economies owing to lower costs and widespread availability along with increasing construction spending is further projected to complement the industry outlook.
Adoption of strict mercury standards, increasing use of alternate energy sources along with new thermal power plant installations are some of the key factors driving the business landscape. Introduction of various government initiatives accompanied by development of unified policy framework with the objective of implementing various pollution control technologies is anticipated to drive the industry scenario. Higher demand in the power generation industry owing to replacement of the installed devices with shorter life expectancy will further boost the product adoption.
|Base Year:||2015||Market Size in 2015:||13 Billion (USD)|
|Historical Data for:||2013 to 2015||Forecast Period:||2016 to 2024|
|Forecast Period 2016 to 2024 CAGR:||6%||2024 Value Projection:||24 Billion (USD)|
|Pages:||146||Tables, Charts & Figures:||248|
|Geographies covered (28):||U.S., Canada, Mexico, Germany, UK, France, Spain, Italy, Netherlands, Russia, Ukraine, Belarus, China, India, Japan, South Korea, Indonesia, Australia, Saudi Arabia, UAE, South Africa, Nigeria, Angola, Brazil, Argentina, Venezuela, Chile, Peru|
|Segments covered:||Device, Application and Region|
|Companies covered (14):||General Electric Company, Mitsubishi Hitachi Power Systems, Fujian Longking Co. Ltd, Johnson Matthey PLC, Ducon Technologies Inc., Babcock & Wilcox Co., Amec Foster Wheeler PLC, CECO Environmental Corp, Hamon Corporation, Thermax Ltd., BASF SE, APC Technologies Inc., Auburn Systems LLC, Air Clean LLC|
|Pitfalls & Challenges:||
Industrial Emission Control Systems Market, By Device
Absorbers industrial emission control systems market is anticipated to observe substantial gains by 2024. The systems are installed in petrochemical & chemical plants to remove the acidic gas pollutants including hydrogen halides, halogens and amines among others. Significant technological advancements and development offering cost efficient methods for these systems will strengthen the product installation. The devices are well equipped with features including activated carbon injection and peak control specifically used to ensure lower emissions which in turn will stimulate the industry landscape.
Electrostatic precipitators industrial control systems market was worth over USD 5 billion in 2015. The systems are primarily used for air filtration to remove the particulate matter with the help of electrostatic force. Wide application across sectors including steel & paper mills, cement plants, petroleum refineries and smelters to purify hazardous discharges released from these industries will enhance the industry growth. Moreover, key factors comprising high efficiency ranging up to 99%, low operating costs and temperature flexibility is set to strengthen the product adoption.
Scrubbers industrial emission control systems market will grow owing to the ability to be customised as per the process application along with rising retrofitting activities. It forms an essential component of the dry and wet flue gas desulfurization plants used to wash out unwanted pollutants specifically acid gases. The device finds extensive usage in applications including steel making, chemical processes and acid manufacturing plants.
Industrial Emission Control Systems Market, By Application
Cement industrial emission control systems market was valued over USD 1 billion in 2015. Increasing investments in the construction industry coupled with rising infrastructure developments are the major factors driving the product adoption. Stringency in the set air pollution standards along with rising risk of alternate energy sources including wind, hydropower among others will further strengthen the industry outlook.
Power plant is amongst the key pollutants emitting industry consisting of corrosive acidic streams, vapors & harmful gases which damage the nature. The SO2, NOx emissions from the industry are a result of combustion of fossil fuels comprising gas, coal & oil. The pollutants further lead to acid rains thereby increasing nitrogen and sulfur content in the atmosphere. The UK government in 2018 announced the Clean Air Strategy accompanied by introduction of clean air zones with the objective of reducing pollution.
Chemicals and Petrochemicals is one of the biggest source for the Hazardous Air Pollutants (HAPs) and Volatile Organic Compounds (VOCs) emission. The pollutants when left untreated degrade in the presence of sunlight contributing to low-lying ozone or smog. Rising awareness toward environment and human health combined with strict regulations and policies by the government to combat the pollutants will propel the installation of sustainable systems. Benefits including lower operating costs, higher destruction efficiency and smaller carbon footprint will further stimulate the industry landscape.
Industrial Emission Control Systems Market, By Region
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China market is projected to witness growth over USD 3 billion by 2024. Rapid industrialization and rising vehicle sales are the major factors influencing the product installation. Increasing population along with industrial advancements are the underline parameters strengthening the industry landscape. In addition, globalization has led to the migration of many leading players from developed economies to the low-cost countries.
South Africa is anticipated to grow owing to rising manufacturing activities fuelling the establishment of local players. Growth in the oil & gas sector coupled with rising awareness toward installation of technology &system upgradation is set to strengthen the industry scenario. Environmental regulations directed toward cleaner working environment along with reduction in emissions will propel the product adoption.
Competitive Market Share
Key industry players in IECS market include 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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