Global Industrial Emission Control Systems Market Inclinations & Development Status Through 2023

Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new research study on the global industrial emission control systems market. The report estimates this market to rise at a CAGR of 7.30% during the period from 2015 to 2023, increasing from a market value of US$11.7 bn in 2014 to a value of US$22.1 bn by the end of the forecast period.

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The research study published by Market Research Reports Search Engine (MRRSE) is titled “Industrial Emission Control Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023” and states that the increasing industrialization in emerging economies is propelling the growth of the worldwide industrial emission control systems market.

The report evaluates the global industrial emission control systems market on three fronts: emission source, the type of device, and the regional spread of the market.

On the basis of emission source, power plants, the marine industry, the chemical process industry, and the waste to energy industry have been identified as the main segments of the worldwide industrial emission control systems market in this report. The power plants segment dominated the global market with a total share of 42.3% in 2014.

Based on the type of device, the study classifies this market into electrostatic precipitators, incinerators, catalytic reactors, and filters. The electrostatic precipitators segment occupied the leading position in 2014 with a share of 36.2% in the overall market for industrial emission control systems.

On a regional basis, the report divides the global industrial emission control systems market into Europe, Asia Pacific, North America, and the Rest of the World. As per the study, Asia Pacific led this market with a share of 38% in 2014. In the same year, North America and Europe acquired the second and third positions, respectively.

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The rapid industrial development in India and China, together with the increasing population of these countries, is driving the Asia Pacific industrial emission control systems market, while the North America market is driven by strict rules pertaining to emission standards.

The rise in industrial productivity in the Rest of the World is likely to boost the industrial emission control systems market in this region, notes the research study. 

Mitsubishi Hitachi Power Systems Ltd., Johnson Matthey Plc, Haldor Topsoe A/S, GEA Group AG, Fuel Tech Inc., CECO Environmental Corp., Babcock & Wilcox Enterprises Inc., BASF Catalysts LLC, AMEC Foster Wheeler Plc, and Alstom Group are some of the major manufacturers of industrial emission control systems across the world, states this market report.

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This release was published on openPR.