Industrial Emission Control Systems Market Segment Forecasts up to 2023, Research Reports:TMR
Complete Report Industrial Emission Control Systems Market with TOC : http://www.transparencymarketresearch.com/industrial-emission-control-systems-market.html
Government and environmental regulatory bodies have introduced stringent regulations to control emissions. In order to meet the emission standards, industries across the globe have installed industrial emission control systems. The market for industrial emission control systems has been rapidly expanding, predominantly due to stringent regulations followed by growing industrialization and high global power demand.
The industrial emission control systems market has been analyzed in terms of revenue (US$ Mn). Additionally, the market has been segmented on the basis of emission source, type of emission control device, and geography. Based on emission source, the market has been segmented into power plants, chemical process industry, marine industry, waste to energy industry, and other industries. The power plants segment held the largest share of 42.3% of the industrial emission control systems market in 2014. In terms of device, the market has been segmented into electrostatic precipitators, catalytic reactors, incinerators, filters, and others. The electrostatic precipitators segment accounted for the largest share of 36.2% of the industrial emission control systems market, by devices, in 2014.
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In terms of geography, the industrial emission control systems market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific was the largest market for industrial emission control systems, accounting for 38% of the global market share in 2014. Rapidly increasing industrialization in China and India spurring the demand for power along with rising population is the major driver of the industrial emission control systems market in Asia Pacific. North America was the second-largest market for industrial emission control systems in 2014. Stringent environmental regulations and emission standards is the major driver for industrial emission control systems market in North America. Europe was the third-largest market for industrial emission control systems in 2014. The market in Rest of the World is expected to witness significant growth in the near future due to evolving emission regulations and growth in industrial productivity.
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