Press release
Market for Regenerative Thermal Oxidizers is Anticipated to Surpass a USD 13 Billion valuation
RTO destroys the existing Volatile Organic Compounds (VOCs) and Hazardous Air Pollutants (HAPs) in the exhaust stream which are produced through chemical and industrial process. Regenerative Thermal Oxidizer requires high heat about 815 °C for the cleaning of hazardous pollutants and compounds present in exhaust fumes.
RTO system is slightly complicated and with more moving parts and components. In comparison with other emission control equipment regenerative thermal oxidizers are more reliable and possess high energy efficiency and low operating cost.
The basic operation of regenerative thermal oxidizer is to pass hot gas stream over heat sink material in one direction and to recover that heat by passing a cold gas stream over that same heat sink material in alternating cycle. Regenerative thermal oxidizers are finding crucial roles in various industries such as chemical, pharmaceutical, food & beverage, mining, refractories and foundries amongst others. Rotary regenerative thermal oxidizer and Compact type regenerative thermal oxidizer are the two types of RTOs available in the market.
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Regenerative Thermal Oxidizer Market: Dynamics
Rapidly growing industrialization has led to the advancement of various industries across the globe. Increasing number of industries and up surged production activities has intensified the demand for regenerative thermal oxidizers. Growth of chemical and pharmaceutical industry in developing regions is positively influencing the demand for regenerative thermal oxidizers.
Implementation of stringent government regulations like surrounding workers safety and pollution control laws regarding the VOC and HAP emissions, levied on emerging and developed economies are estimated to drive the growth of regenerative thermal oxidizer market. Limited reach and less industrial awareness in developing and underdeveloped economies may act as a restraining factor for regenerative thermal oxidizer market.
Also, the availability of alternative pollution control equipment such as bio-filters and bio-scrubbers might hinder the growth of regenerative thermal oxidizer market. Some of the manufacturers engaged in the regenerative thermal oxidizer market provide customized products designed according to the consumer demands.
Regenerative Thermal Oxidizer Market: Regional Outlook
Growing urban population and industrialization in Asia Pacific region has led to an increase in the industrial production activities. Rapid industrial growth in Asia Pacific region will drive the demand for regenerative thermal oxidizer. Apart from this, implementation of pollution control acts and growing environmental concerns in Asia Pacific region, is expected to make Asia Pacific a prominent market for regenerative thermal oxidizers.
Predominance and high presence of the various industries such as Automotive and Chemical in the regions such as North America and Europe, owing to which North America and Europe are estimated to be promising market for regenerative thermal oxidizers. However the availability of bio-filters and bio-scrubbers might slowdown the demand for regenerative thermal oxidizers. Owing to the increasing industrial and manufacturing activities in Latin America and Middle East & Africa, LAMEA is expected to be potential market for regenerative thermal oxidizers.
Regenerative Thermal Oxidizer Market: Key Participants
Examples of some of the market participants operating in the global regenerative thermal oxidizer market are:
Anguil Environmental Systems, Inc., SGX Sensortech, The CMM Group, Filtracni Technika, CTP Air Pollution Control, Gulf Coast Environmental Systems, Eisenmann SE, CTP Air Pollution Control, TKS Industrial Company, Taiki-Sha Ltd., Air Clear LLC., Biothermica Technologies Inc., Catalytic Products International, Formia Emissions Control Oy, Thermische Prozesstechnik GmbH, Alliance Corporation, Nacah Tech, LLC and BD Group Industries, LLC among others.
The Regenerative Thermal Oxidizer market research report presents a comprehensive assessment of the Regenerative Thermal Oxidizer market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Regenerative Thermal Oxidizer market research report provides analysis and information according to Regenerative Thermal Oxidizer market segments such as geographies, application and industry.
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The Regenerative Thermal Oxidizer Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Regenerative Thermal Oxidizer market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Regenerative Thermal Oxidizer market segments and geographies.
Key Segments Profiled in the Regenerative Thermal Oxidizer Market Survey
By Type:
• Single Bed Regenerative Thermal Oxidizer
• Double Bed Regenerative Thermal Oxidizer
• Triple Bed Regenerative Thermal Oxidizer
By Product Type:
• Rotary Regenerative Thermal Oxidizer
• Compact Type Regenerative Thermal Oxidizer
By End Use Industry:
• Automotive
• Chemical
• Pharmaceutical
• Oil & Gas
• Paints & Coatings
• Mining
• Food & Beverage
• Electrical & Electronics
• Refractories & Foundries
• Coating & Painting
• Others
By Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
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