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Global Industrial Emission Control Systems Market to Reap USD 35.27 Billion By 2030 | Infinium Global Research
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Global Industrial Emission Control Systems Market Steadily on the Rise
The global industrial emission control systems market, valued at USD 19.54 billion in 2022, is projected to soar to USD 35.27 billion by 2030, with a robust CAGR of 7.78% during the forecast period. The market is experiencing remarkable growth, largely driven by the escalating stringency of environmental regulatory standards. Additionally, the growth of the coal power industry in developed nations is poised to stimulate the industrial emission control systems market. The flourishing construction industry is fueling the growth of the cement industry, thereby contributing to the expansion of the global industrial emission control systems market in the near future.
Moreover, rapid industrialization has heightened environmental concerns, particularly in the face of global warming, which poses a serious threat to our planet. Global warming has emerged as a central concern in global geopolitics, prompting industries worldwide to adopt emission control systems to comply with stringent regulations. This underscores one of the most vital drivers propelling market growth.
Challenges and Opportunities in the Industrial Emission Control Systems Market
Despite the promising growth, the demand for industrial emission control systems faces certain challenges, including the rising preference for alternative fuels for power generation to reduce coal dependency. However, health issues arising from industrial emissions are expected to safeguard the demand for industrial emission control systems.
Leading Players in the Global Industrial Emission Control Systems Market
Key players in the global industrial emission control systems market include Mitsubishi Hitachi Power Systems, Johnson Matthey, BASF, Ducon Technologies, General Electric Company, Thermax, Wilcox Enterprises, Air Clear LLC, APC Technologies, and Durr AG.
Environmental Imperative: Controlling Industrial Pollution
Industries, including refineries, power plants, cement plants, and smelters, are significant sources of air pollution. These industries release harmful contaminants into the environment, contributing to air pollution levels that exceed recommended standards, according to a World Health Organization report. Industrial emission control systems are designed to combat such pollution by destroying contaminants through processes like catalytic or thermal combustion. These systems play a crucial role in maintaining air quality standards and safeguarding public health.
Global Regulatory Initiatives Promote Emission Control
Governments worldwide have adopted various regulations to control emissions from industrial activities. In North America, Europe, and the Asia Pacific, different regulations enforce compliance and enable regulatory agencies to monitor harmful chemical releases. For example, the United States employs quality assurance procedures to assess the effectiveness of Continuous Emission Monitoring Systems used for compliance with emission standards. In Europe, strict emission limits are imposed, and countries strongly support the Kyoto Protocol. Additionally, Malaysia has implemented the Environmental Quality Act 1974 and Clean Air Regulation 2014 to limit air pollution. Stringent government regulations drive the demand for emission control systems in industries, enabling them to analyze harmful gas emissions and air quality.
Shift to Renewable Energy and Low-Carbon Sources
Renewable energy sources, including hydro, wind, solar, and nuclear technologies, are rapidly gaining ground in the energy sector. These low-carbon sources produce electricity with little or no emissions, reducing the need for emission control systems.
The Asia Pacific Powerhouse
The Asia Pacific region, primarily China and India, is a prominent user of coal for power generation. The rise of new coal-fired plants in these countries, along with stringent air pollution regulations, is creating opportunities for the industrial emission control systems market. China and India are observing a growing need for air quality control devices, driving the demand for emission control systems in coal-fired plants.
Segments of the Global Industrial Emission Control Systems Market
The global industrial emission control systems market is categorized into segments, including:
Device Type: Sub-markets consist of electrostatic precipitators, incinerators, scrubbers, filters, and others.
Emission Source: Sub-markets encompass power plants, chemical and petrochemical industries, cement manufacturers, mining and metals, manufacturing, and others.
The journey toward cleaner industries and a safer environment is unfolding, and the global industrial emission control systems market is at the forefront of this transformation.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Industrial Emission Control Systems Market Highlights
2.2. Industrial Emission Control Systems Market Projection
2.3. Industrial Emission Control Systems Market Regional Highlights
Chapter 3. Global Industrial Emission Control Systems Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Restraints
3.2.3.Opportunities
3.3. Analysis of COVID-19 impact on the Industrial Emission Control Systems Market
3.4. Porter's Five Forces Analysis
3.5. IGR-Growth Matrix Analysis
3.5.1.IGR-Growth Matrix Analysis by Device Type
3.5.2.IGR-Growth Matrix Analysis by Emission Source
3.5.3.IGR-Growth Matrix Analysis by Region
3.6. Value Chain Analysis of Industrial Emission Control Systems Market
Chapter 4. Industrial Emission Control Systems Market Macro Indicator Analysis
Chapter 5. Global Industrial Emission Control Systems Market by Device Type
5.1. Electrostatic Precipitator
5.2. Incinerator
5.3. Scrubbers
5.4. Filters
5.5. Others
Chapter 6. Global Industrial Emission Control Systems Market by Emission Source
6.1. Power Plants
6.2. Chemical & Petrochemical
6.3. Cement
6.4. Mining & Metals
6.5. Manufacturing
6.6. Others
Chapter 7. Global Industrial Emission Control Systems Market by Region 2023-2030
7.1. North America
7.1.1.North America Industrial Emission Control Systems Market by Device Type
7.1.2.North America Industrial Emission Control Systems Market by Emission Source
7.1.3.North America Industrial Emission Control Systems Market by Country
7.2. Europe
7.2.1.Europe Industrial Emission Control Systems Market by Device Type
7.2.2.Europe Industrial Emission Control Systems Market by Emission Source
7.2.3.Europe Industrial Emission Control Systems Market by Country
7.3. Asia-Pacific
7.3.1.Asia-Pacific Industrial Emission Control Systems Market by Device Type
7.3.2.Asia-Pacific Industrial Emission Control Systems Market by Emission Source
7.3.3.Asia-Pacific Industrial Emission Control Systems Market by Country
7.4. RoW
7.4.1.RoW Industrial Emission Control Systems Market by Device Type
7.4.2.RoW Industrial Emission Control Systems Market by Emission Source
7.4.3.RoW Industrial Emission Control Systems Market by Sub-region
Chapter 8. Company Profiles and Competitive Landscape
8.1. Competitive Landscape in the Global Industrial Emission Control Systems Market
8.2. Companies Profiles
8.2.1.Mitsubishi Hitachi Power Systems
8.2.2.Johnson Matthey
8.2.3.BASF
8.2.4.Ducon Technologies
8.2.5.General Electric Company
8.2.6.Thermax
8.2.7.Wilcox Enterprises
8.2.8.Air Clear LLC
8.2.9.APC Technologies
8.2.10. Durr AG
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of industrial emission control systems.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling the business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meetings with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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