Industrial Emission Control Systems Market Splendid Growth Analysis On Mitsubishi Hitachi Power Systems, Johnson Matthey, BASF, Amec Foster Wheeler

Industrial Emission Control Systems Market Size By The continuous utilization of fossil fuels for power generation and manufacturing activities has led the way for the growth of the industrial emission control systems market, which is critical in ensuring that less hazardous gases or chemicals are released in the atmosphere. Mounting pressure from authorities and international governing bodies to curb pollution has instigated wide scale adoption of emission control systems across industries.

For instance, the U.S. Environmental Protection Agency has placed stringent regulations pertaining to the acceptable emission levels, which has made manufacturers install emission control and monitoring systems to minimize the release of pollutants and submit reports to the federal committees. Rapid development in infrastructure has not only boosted the energy requirements, but also the demand for cement, which is another contributing factor for environmental pollution.

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Industrial Emission Control Systems Market Size By Device (Electrostatic Precipitators, Catalytic Systems, Absorbers, Scrubbers), By Application (Power Plants, Chemicals and Petrochemicals, Cement, Metal, Manufacturing) to the Energy and Power segment of its online reports store

Industrial Emission Control Systems Market size is expected to exceed USD 24 billion by 2024;

A large amount of emissions is attributed to the cement industry, which is vital for constructing all forms of infrastructure including buildings, roads, bridges and runways. An increase in the spending on construction projects throughout the world will result in a higher demand for cement products, accentuating the scope of the industrial emission control systems market. According to the International Energy Agency, it is estimated that in 2016, the cement industry produced nearly 2.2 Gt of carbon dioxide emissions globally, representing the potential for emission control systems. Other relevant statistics reveal that by 2025, the worldwide spending on construction is projected to reach USD 14 trillion, where cement can be expected to constitute a significant portion of the overall expenditure, escalating the need for emission control systems.

Government standards towards clean air coupled with growing concern over greenhouse gas emission may favor the industrial emission control systems market share in future. Manufacturers and industries in the U.S. are required to follow the guidelines introduced by National Emission Standard for Hazardous Air Pollutants or Maximum Achievable Control Technology (MACT) to meet the emission criteria.

Increasing demand for electricity with growing infrastructure will drive global industrial emission control systems market size. Rising number of thermal power plants to suffice growing electricity demand from emerging countries may further compliment industry outlook.

Positive outlook towards chemical, automobile, maritime transportation and refineries is anticipated to drive the industrial emission control systems market. Increasing construction spending may further compliment business growth.

Absorbers held 15% of global industrial emission control systems market share in 2015 and is slated to reach over USD 4 billion by 2024. These devices are undergoing significant technological advancements offering cost efficient manner for absorbing toxic gases from power plants, smelters and other industrial operations.

Key insights from the report include:

U.S. industrial emission control systems market share for absorbers was over USD 250 million in 2015, and would grow over 7% from 2016 to 2024. Presence of major international suppliers along with stringent emission norms have been instrumental in the growth.

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China industrial emission control systems market size for power plants is likely to reach over USD 1 billion by 2024. Increasing population coupled industrialization is likely to favor the business,
Catalytic systems are projected to reach over USD 6 billion by 2024. Increasing O&G refining to meet the growing petroleum product demand will foster the business growth.

Belarus scrubber device is estimated to reach USD 40 million by 2024, at over 11% growth. Expansion of industries with growing power plants may favor the business in near future.

Brazil is expected to witness a growth over 8% owing to growing industrialization and along with increase in mining and O&G exploration.

Metal industry application was valued over USD 1 billion in 2015 and is expected to witness gains of over 8% during the forecast period.

Germany industrial emission control systems market size from electrostatic precipitators device was valued at USD 242.88 million in 2015, growing at a CAGR of over 7% in future.

Saudi Arabia scrubbers demand was USD 44.01 million in 2015, growing at a CAGR of 5.3% from 2016 to 2024.

Key players catering industry are Mitsubishi Hitachi Power Systems, Johnson Matthey, BASF, Amec Foster Wheeler, Ducon Technologies, General Electric Company, CECO Environmental Corp, Thermax, Auburn Systems, Air Clean LLC, Fujian Longking Co, APC Technologies, Babcock &Wilcox Enterprises and Hamon Corporation.

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
Absorbers
Scrubbers
Others

Global Industrial Emission Control Systems Market By Application

Power Plants
Chemicals and Petrochemicals
Cement
Metal
Manufacturing

The above information is provided on a regional and country basis for the following:

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

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