PUBLISHER: The Business Research Company | PRODUCT CODE: 1619603
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619603
Gas cleaning technologies are systems and processes designed to remove contaminants and pollutants from industrial exhaust gases before they are released into the atmosphere. These technologies include scrubbers, filters, electrostatic precipitators, and catalytic converters. They help comply with environmental regulations, enhance air quality, and recover valuable materials.
The main products of gas cleaning technologies include scrubbers, dry sorbent injection systems, particulate or dust collection systems, mist and aerosol collectors, and nitrogen oxide (NOx) reduction systems. Scrubbers work by passing exhaust gases through a liquid solution or slurry, which captures and neutralizes harmful substances like sulfur dioxide (SO2) and particulate matter, thereby reducing environmental emissions. These technologies are used for both particulate and gaseous or chemical cleaning applications and are employed across various industries, including power generation, chemicals, cement, refineries and petrochemicals, pulp and paper, mining, textiles, metals, and others.
The gas cleaning technologies market research report is one of a series of new reports from The Business Research Company that provides gas cleaning technologies market statistics, including gas cleaning technologies industry global market size, regional shares, competitors with a gas cleaning technologies market share, detailed gas cleaning technologies market segments, market trends and opportunities, and any further data you may need to thrive in the gas cleaning technologies industry. This gas cleaning technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The gas cleaning technologies market size has grown strongly in recent years. It will grow from $30.74 billion in 2023 to $32.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth during the historic period can be attributed to several factors, increased awareness of the health impacts of air pollution, a rise in the number of energy and power plants, advancements in air pollution control technologies, escalating levels of air pollution, and higher population density.
The gas cleaning technologies market size is expected to see strong growth in the next few years. It will grow to $41.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth during the forecast period can be attributed to several factors, the rising adoption of wet scrubbers, increased global demand for coal-fired power, a growing preference for cleaner alternatives, heightened oil exploration activities, and the impacts of climate change. Major trends expected to shape this period include the integration of digital technologies, technological advancements, increased use of bio-based and green technologies, a heightened focus on specific pollutants, and the development of modular and scalable solutions.
The increasing oil and gas production activities are expected to drive the growth of the gas cleaning technologies market in the coming years. The growth in oil and gas production is driven by rising global energy demand, efforts to improve energy security, and the need to support economic growth. Gas cleaning technologies play a crucial role in these production processes by removing impurities, reducing emissions, and ensuring compliance with environmental regulations. For example, in September 2024, HM Revenue and Customs (HMRC), a UK-based government agency, reported that total government revenues from UK oil and gas production reached £9 billion in the 2022-2023 financial year, up from £1.4 billion in 2021-2022, reflecting a significant increase of £7.6 billion. As a result, the growing oil and gas production activities are fueling the expansion of the gas cleaning technologies market.
Leading companies in the gas cleaning technologies market are focusing on developing innovative solutions, such as digital tools, to offer flexible and efficient gas cleaning systems that reduce energy and water consumption. Digital tools in gas cleaning plants refer to software or technology that monitors, controls, and optimizes cleaning processes, improving operational efficiency and ensuring regulatory compliance. For instance, in December 2023, Metso Corporation, a Finland-based industrial machinery company, introduced the High-Efficiency Scrubber (HES) Optimizer. This digital tool enhances energy efficiency by optimizing pressure drop in Venturi scrubbers through real-time data and internal calculations. It maintains effective impurity removal even with varying gas volumes and dust loads, helping to uphold environmental standards.
In February 2024, Cycle Group Limited, a biomethane provider based in the UK, acquired Biogasclean A/S for an undisclosed amount. This acquisition is intended to boost the production of fully circular green gas and position Cycle Group at the forefront of synthetic green gas innovation through carbon capture and utilization (CCU) technologies. Biogasclean A/S, based in Denmark, specializes in gas cleaning technologies, particularly biological desulfurization and methanation systems.
Major companies operating in the gas cleaning technologies market are Siemens AG, General Electric Company, Mitsubishi Heavy Industries, Yara Marine Technologies AS, Johnson Matthey, Ecolab, ANDRITZ Group, Fuji Electric Co. Ltd., Wartsila Corporation, GEA Group AG, ALFA LAVAL AB, Durr Aktiengesellschaft, FLSmidth, Evoqua Water Technologies LLC, Babcock & Wilcox, Nederman Holding AB, CECO Environmental, Tri-Mer Corporation, Verantis Environmental Solutions Group, KCH Services Inc., Hitachi Zosen Inova, Elessent Clean Technologies Inc., John Cockerill, Ducon Environmental Systems Inc.
Asia-Pacific was the largest region in the gas cleaning technologies market in 2023. The regions covered in the gas cleaning technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the gas cleaning technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The gas cleaning technologies market consists of sales of electrostatic precipitators, fabric filters, activated carbon injection systems, flue gas desulfurization units, catalytic oxidizers, and biofiltration 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.
Gas Cleaning Technologies 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 gas cleaning technologies 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 gas cleaning technologies ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gas cleaning technologies 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.