Industrial Emission Control Systems Industry is Expected to Garner $21,133 Million: Clearing the Skies

The global industrial landscape is constantly evolving, and with it, the need for environmental responsibility. The Industrial Emission Control Systems market is a testament to this growing concern. A recent report by Allied Market Research predicts that this market will reach $21,133 million by 2022, driven by the rising demand for cleaner air, stringent environmental regulations, and the increasing awareness of the harmful effects of emissions. In this blog, we'll explore the key findings of the report, the dominant role of Asia-Pacific, and the technological advances that are shaping this industry.

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Understanding Industrial Emission Control Systems

Industrial Emission Control Systems are a crucial line of defense against harmful emissions released into the atmosphere during various industrial processes. These systems are employed by industries such as power generation, chemical, cement, mining & metals, and others to convert air contaminants into harmless substances like water vapor and carbon dioxide. In a world that increasingly values clean air and environmental preservation, these systems play a pivotal role.

The Market Drivers

The growth of the global industrial emission control systems market can be attributed to several key factors. First and foremost, regulatory agencies, such as the EPA, have imposed strict regulations on acceptable levels of gaseous and particulate emissions, compelling industries to adopt these systems. This has forced industries like power generation, chemical, cement, and mining to take action in reducing harmful byproducts. Additionally, the increasing focus on mercury emission regulations in the United States and China presents an opportunity for further market growth.

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The market is driven by the following factors:

Stringent Environmental Regulations: As the world becomes more conscious of the environmental impact of industrial activities, regulations have been put in place to control emissions.

Rapid Industrialization: The rapid growth of industries, particularly in developing countries, has created a high demand for emission control systems.

Growth in Coal Power Industry: The growth of the coal power industry in developing nations, along with the adoption of stringent mercury emission regulations, is boosting the market.

Challenges to Growth

While the industrial emission control systems market is on an upward trajectory, it does face some challenges. The use of alternate fuels for power generation and decreased investment in coal power sectors by developed countries are limiting market growth. However, these challenges are being addressed through innovation and adaptation.

Market Segmentation

The market is segmented based on equipment type, including electrostatic precipitators (ESPs), fabric filters, scrubbers, cyclone separators, thermal oxidizers, catalytic reactors, and others. Among these, ESPs dominate the market with a 34.3% share due to their low operating costs, high efficiencies, and temperature flexibility. The market for ESPs is projected to grow at a CAGR of 8.2% over the forecast period.

Based on the emission source type, the market is divided into power generation, chemical, cement, mining & metals, pulp & paper, manufacturing, and others. Power generation is the dominant emission source and is expected to maintain its lead, driven by new power plant installations and retrofit activities.

Global Reach

The global market spans across North America, Europe, Asia-Pacific, and LAMEA. In 2015, Asia-Pacific led the market, accounting for around 40% of the global market. China has played a pivotal role in this, witnessing rapid development due to technological advancements, booming downstream industries, and increasingly stringent regulations.

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Key Findings

The key findings from the report include:

ESPs led the market revenue in 2015 and are projected to grow at a CAGR of 8.2%.

Thermal oxidizers are expected to grow significantly at a CAGR of 9.2%, owing to their ability to destroy odors and toxic VOCs at high efficiencies.

The cement industry segment is projected to grow at a CAGR of 8.3%.

China is the major shareholder in the Asia-Pacific industrial emission control systems market, accounting for around three-fourths of the market.

Key Players and Innovations

Major players in the industrial emission control systems market are focused on expanding their operations in fast-growing emerging countries and are adopting acquisitions as their key growth strategy. Companies like General Electric Company, Mitsubishi Hitachi Power Systems Ltd., Johnson Matthey PLC, and others are actively engaged in the development of new technologies and products to meet the growing demand for emission control systems.

Conclusion

The industrial emission control systems market is an essential component of our journey towards a cleaner, more sustainable future. As environmental awareness and regulations continue to evolve, this market will play a pivotal role in reducing harmful emissions and preserving our planet. With innovation driving the industry, we can expect even more effective and efficient solutions in the coming years. The world is taking a step closer to cleaner skies, one emission control system at a time.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.