Industrial Emission Control Systems Market Sales, Supply and Consumption Analysis By Top Players: General Electric Company, Mitsubishi Hitachi Power Systems, Fujian Longking Co. Ltd
The size of Industrial Emission Control Systems Market was registered at USD 13 billion in the year 2015 and is anticipated to cross USD 24 billion by 2024. Between the period 2016 -2024, the Industrial Emission Control Systems Market is expected to register a CAGR of 6.9%. Cement, manufacturing, metal, and petrochemical are also some of the major regions significantly influencing the global industrial emission control systems market share. High content of VOCs emitted through these industries is causing a severe threat to the environment.
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These units are installing emission devices actively for the removal of toxic gasses and to meet the emission standards set by the government. For instance, chemical & petrochemical industrial units install Absorbers for the removal of toxic gasses released from these units to the atmosphere. In response to the increasing applications, absorbers market is projected to record a CAGR of 8% over the timeframe of 2016-2024.
The global landscape pertaining to the industrial emission control systems industry is indeed dynamic. Below are the regional market predictions over the period of 2016-2024:
o U.S. market for absorbers is forecast to register a CAGR of 7% over the coming seven years. Strict norms by the government and environmental bodies coupled with a large presence of international suppliers will favor the demand.
o On account of the expanding mining industry and rising exploration of oil & gas, Brazil industrial emission control systems market share will increase at a swift pace over the forecast timeframe.
o Economic stability and increasing number of power plant projects will favor the demand across Europe. Germany and France industrial emission control systems market are estimated to register CAGR of 8% and 9% respectively.
o China industrial emission control systems industry is estimated to surpass USD 1 billion by 2024. The growth can be attributed to the increasing population and rapid industrialization across this region.
o The demand for scrubbers in Saudi Arabia is surging at a decent pace and is expected to witness gains at 5.3% over 2016-2024.
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Looking at the wide spectrum of applications of these emission devices and the demand from various industries, it is quite certain for the industrial emission control systems market to witness a strong growth roadmap ahead. As per the projections, global industrial emission control systems industry size will hit USD 24 billion by 2024.
Partial Table of Contents (ToC) of the report:
Chapter 4 Industrial Emission Control Device Insights
4.1 Industrial emission control systems market share by devices, 2015 & 2024
4.2 Electrostatic Precipitators
4.2.1 Global industrial emission control systems market estimates and forecast from electrostatic precipitators, 2013 - 2024
4.2.2 Global industrial emission control systems market revenue from electrostatic precipitators, by region, 2013 - 2024
4.3 Catalytic Systems
4.3.1 Global industrial emission control systems market estimates and forecast from catalytic systems, 2013 - 2024
4.3.2 Global industrial emission control systems market revenue from catalytic systems, by region, 2013 - 2024
4.4.1 Global industrial emission control systems market estimates and forecast from absorbers, 2013 - 2024
4.4.2 Global industrial emission control systems market revenue from absorbers, by region, 2013 - 2024
4.5.1 Global industrial emission control systems market estimates and forecast from scrubbers, 2013 - 2024
4.5.2 Global industrial emission control systems market revenue from scrubbers, by region, 2013 - 2024
4.6.1 Global industrial emission control systems market estimates and forecast from other devices, 2013 - 2024
4.6.2 Global industrial emission control systems market revenue from other devices, by region, 2013 - 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/industrial-emission-control-systems-market
Key players sharing this business space are Mitsubishi Hitachi Power Systems, BASF, Johnson Matthey, Ducon Technologies, Amec Foster Wheeler, CECO Environmental Corp, Thermax, General Electric, and Auburn Systems.
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