Press release
Industrial Emission Control Systems Market 2024 Increasing Demand Precise Outlook - GE, BASF, Johnson Matthey, Thermax Limited, Ducon Technologies Inc., Amec Foster Wheeler
Industrial Emission Control Systems Market
Rising efforts by global regulatory bodies to implement pollution control technologies will expedite Industrial Emission Control Systems Market size over the next few years. Of late, the world has witnessed a tremendous rise in pollution levels and carbon emissions, subject to which the governments of various countries have enforced numerous regulations that need to be followed by power plants, manufacturing firms, and other industries. These companies are now installing emission control technologies to reduce pollution and contribute to saving the environment, which will significantly propel industrial emission control systems industry.
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The rapid surge of industrialization across regions such as APAC and MEA will lead to an increase in the demand for emission control systems, pertaining to the large presence of power plants and chemical factories. This requirement will help fuel industrial emission control systems market across these regions. These systems help control the emissions of harmful pollutants such as nitrogen oxide compounds, Sulphur oxide compounds, and volatile organic compounds, and find huge applications across the chemical & petrochemical, metal, cement, manufacturing, and power generation sectors.
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.
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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.
Industrial Emission Control Systems Market Competitive Market Share & Forecast, 2016 – 2024 in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/industrial-emission-control-systems-market
Key players catering Industrial Emission Control Systems Market are
- GE
- BASF
- Johnson Matthey
- Thermax Limited
- Ducon Technologies Inc.
- Babcock & Wilcox MEGTEC (B&W MEGTEC)
- Amec Foster Wheeler
- Hamon Corporation
- CECO Environmental Corporation
- Fujin Longking Co., Ltd.
- APC Technologies, Inc.
- Auburn Systems, LLC.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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