Press release
Industrial Emission Control Systems Market Major participants include General Electric Company, CECO Environmental Corp, Thermax Ltd, APC Technologies, Auburn Systems, Air Clean LLC, Fujian Longking Co, Hamon Corporation
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.
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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.
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.
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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.
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