PUBLISHER: The Business Research Company | PRODUCT CODE: 1484806
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484806
Industrial emission control systems encompass equipment and technologies engineered to mitigate or eradicate harmful emissions generated by industrial processes, spanning manufacturing, power generation, and chemical production. These systems aim to curb 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.
The primary types of equipment utilized in industrial emission control systems include electrostatic precipitators, scrubbers, fabric filters, cyclone separators, thermal oxidizers, catalytic reactors, among others. Electrostatic precipitators are air pollution control devices employed to remove particulate matter from industrial exhaust gases through electrostatic forces. These systems comprise various technologies such as particulate control systems, gas treatment systems, and VOC control systems, catering to diverse emission sources including power generation, cement production, pulp and paper manufacturing, chemical industries, mining and metal processing, as well as general manufacturing operations.
The industrial emission control systems market research report is one of a series of new reports from The Business Research Company that provides industrial emission control systems market statistics, including industrial emission control systems industry global market size, regional shares, competitors with industrial emission control systems market share, detailed industrial emission control systems market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial emission control systems industry. This industrial emission control systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed during the historical period can be attributed to several key factors, including the implementation of stringent environmental regulations, increasing environmental awareness among stakeholders, advancements in emission control technologies, the ongoing processes of industrialization and urbanization, fluctuations in energy prices influencing emission reduction strategies, and the adoption of corporate sustainability initiatives by businesses aiming to mitigate their environmental impact.
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 projected growth during the forecast period can be attributed to ongoing global tightening of environmental regulations, heightened concerns regarding air pollution's impact on public health and the environment, advancements in emission control technologies, and the emergence of innovative solutions. Key trends anticipated in the forecast period include the increasing adoption of multi-pollutant control systems to address various emissions simultaneously, rising investments in renewable energy and low-carbon technologies to mitigate greenhouse gas emissions, growing demand for decentralized and modular emission control solutions for enhanced flexibility and scalability, broader integration of digitalization and data analytics, and a heightened focus on circular economy principles and resource efficiency within emission control technologies.
The anticipated upsurge in industrialization is poised to drive growth within the industrial emission control systems market. Industrialization involves the transformation of an economy from predominantly agrarian and rural-based to one dominated by manufacturing, industry, and urbanization. This trend is fueled by a combination of technological advancements, economic incentives, social developments, and environmental imperatives that create opportunities for economic growth and development. However, industrialization often results in increased pollution levels, posing risks to public health and community well-being. Emission control systems play a crucial role in mitigating these effects by reducing air pollution and safeguarding local communities from exposure to harmful pollutants. These systems enable industries to comply with increasingly stringent environmental regulations imposed by governments worldwide. For example, according to Eurostat's July 2023 report, industrial output in the European area recorded a 0.2% increase, with a 0.1% rise reported in the European Union between May and April 2023. Consequently, the escalating pace of industrialization is propelling the growth of the industrial emission control systems market.
Leading companies in the industrial emission control systems market are actively pursuing the development of technologically advanced solutions, such as gas leak detection technology, to gain a competitive edge. Gas leak detection technology encompasses systems, devices, and methodologies designed to identify and localize leaks of hazardous gases, including methane, natural gas, propane, carbon monoxide, and hydrogen sulfide, across various environments, notably industrial facilities. For instance, in March 2023, Honeywell International Inc., a US-based technology company, introduced the Emissions Management Solution (EMS), an innovative automated system streamlining the measurement, monitoring, reporting, and mitigation of methane emissions in industrial settings. Leveraging advanced wireless gas leak detection technology, automated data collection systems, and software, this solution enables swift detection of methane leaks and process vents, minimizing production losses. Additionally, it simplifies the reporting process, aiding customers in achieving their corporate sustainability objectives and adhering to emission regulations set by governments worldwide.
In July 2021, Valmet Oyj, a Finland-based provider of environmental systems for extensive emission control, completed the acquisition of EWK Umwelttechnik and ECP Group for an undisclosed sum. This strategic move enhances Valmet's offerings to customers and expands the industries served by their technologies, unlocking new business opportunities for their environmental systems division. EWK Umwelttechnik, headquartered in Germany, specializes in manufacturing air emission control systems, while ECP Group, based in Finland, focuses on the production and maintenance of electrostatic precipitators (ESP) for power plants and the pulp and paper industry.
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, DURR 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
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.
The countries covered in the industrial emission control systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial emission control systems market consists of sales of equipment such as particulate control systems, flue gas desulfurization (FGD) systems, and selective catalytic reduction (SCR) systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Industrial Emission Control Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial emission control systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial emission control systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial emission control systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.