Industrial Emission Control Systems Market size to exceed $24bn by 2024
Published Date: August 8, 2019 Authors: Ankit Gupta, Aditya Singh Bais
Industrial Emission Control Systems Market size is set to surpass USD 24 billion by 2024, as reported in the latest study by Global Market Insights, Inc.
Stringent government norms & mandates coupled with rising awareness toward the use of sustainable systems is anticipated to drive the industrial emission control systems market growth. Upsurge in global energy demand accompanied by increasing population will stimulate the business scenario. Moreover, incorporation of the clean systems to negate the harmful effects of the noxious emissions is set to augment the product installation. Positive outlook toward retrofitting activities aimed at significant reduction in NOx and PM along with rapid industrialization and globalization will encourage the industry growth.
The pollution abatement systems find extensive utilization in applications including power plants, chemicals and cement industries that are majorly responsible for environmental pollution. Set standards regarding the permissible limits for the emissions along with rising awareness toward use of sustainable units will drive the product adoption. Regulatory agencies including the Environment Protection Agency (EPA) has introduced strict emission regulations and norms on the acceptable emission levels. In addition, the Clean Air Strategy announced by the UK government in 2019 supports in the limitation of pollutants thereby leading to sustainable environment development.
Get more details on this report - Request Free Sample PDF
Power plants are anticipated to observe substantial gains owing to rising demand for coal specifically from developing economies. Greater fuel efficiency coupled with technological enhancements including capability to alert the user in case of excessive emissions will facilitate the product adoption. Strict government policies limiting the amount of pollutants and rising awareness amongst the leading manufacturing players regarding green environment are underline parameters driving the business scenario.
Browse key industry insights spread across 146 pages with 238 market data tables & 10 figures & charts from the report, “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 (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), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Chemicals and petrochemicals industrial emission control systems market is anticipated to value over USD 5 billion by 2024. The industry acts as the main source of production for Volatile Organic Compounds (VOCs) and Hazardous Air Pollutants (HAPs). The harmful effects of the contaminants majorly affect environment health adversely. Various investment and product development programs by the chemical industries with the common objective of reducing air pollution will strengthen the business landscape.
Germany is projected to grow over 8% rate by 2024. Numerous infrastructure developments supported by large industrial power projects coupled with improving economic conditions is set to strengthen the product demand. Significant growth in the vehicle sales will further augment the product adoption. In addition, collaborations by major players to develop air pollution control systems specific to industries including coke calciners and refining plants is set to complement the industry scenario.
Key industry manufacturers for the industrial emission control systems market comprises BASF, Babcock & Wilcox, Johnson Matthey, Amec Foster Wheeler, Air Clean LLC, Hamon, CECO Environment, APC Technologies, Mitsubishi Hitachi Power systems, Auburn Systems, Fujian Longking and Ducon Technologies among others.
Industrial emission control systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Global Industrial Emission Control Systems Market By Device
- Electrostatic Precipitators
- Catalytic Systems
Global Industrial Emission Control Systems Market By Application
- Power Plants
- Chemicals and Petrochemicals
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Middle East and Africa
- Saudi Arabia
- South Africa
- South & Central America