Industrial Emission Control Systems Market Size

Industrial Emission Control Systems Market Size

Industrial Emission Control Systems Market size surpassed USD 40.3 billion in 2023 and is anticipated grow at 6.1% CAGR from 2024 to 2032. The swiftly increasing demand for energy has increased the emission levels of pollutants which has adversely affected the climatic conditions globally. Expansion of existing manufacturing facilities and increasing investments aimed toward the development of new industrial centers has further created a need for adoption of stringent emission norms.

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Rising environmental risks coupled with strengthening regulatory environment has compelled businesses and industries to curb emissions levels of pollutants including SOX, NOx, CO, mercury and particulate matter. This has resulted in increased demand for emission control systems including scrubber, ESPs, FGD, absorbers, among other systems across manufacturing and industrial facilities Moreover, the ability of these systems to achieve high efficiency in reduction of pollutants from waste streams will provide a significant boost to the industrial emission control systems market growth.

Ongoing modernization of the existing equipment along with continuous industrialization across the emerging economies has fueled the industry growth. Government mandates to reduce air pollution will encourage the retrofitting & upgrading of existing systems to adhere to the underlined directives. Ageing powerplants, performance degradations, rising maintenance costs, reduced reliability, and strict focus on emission compliance are the key underlined parameters that will stimulate the product penetration. Additionally, closed cooperation among the leading players coupled with the rising shift toward develop advanced flue gas treatment solutions will sway the industry trend.

Implementation of stringent emission norms along with the rapid rate of industrialization across developing economies is set to drive the industrial emission control systems market development. Also, the high costs associated with the installation of complex emission control technologies in the industrial sector has shifted the focus toward adoption of low cost and innovative solutions, thereby boosting the deployment of the systems.