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Direct-Fired Thermal Oxidizer Market 2024-2033 - Trends, Size, Growth & Competitive Outlook
Direct-Fired Thermal Oxidizer Market
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According to The Business Research Company's, The direct-fired thermal oxidizer market size has grown strongly in recent years. It will grow from $1.27 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to stringent environmental regulations, industrial expansion, public awareness, economic growth, and growing awareness among industries.
The direct-fired thermal oxidizer market size is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to ongoing environmental regulations, a rise in industrial activities, global environmental initiatives, and rising investments in green technologies. Major trends in the forecast period include advancements in oxidizer technology, innovations improving efficiency, technological advancements, the integration of IoT, and automated control systems.
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Market Drivers and Trends:
The increasing industrial air pollution is expected to propel the growth of the direct-fired thermal oxidizer market going forward. Industrial air pollution refers to the contamination of the atmosphere by harmful emissions generated from industrial processes. Industrial air pollution arises from emissions during manufacturing processes, including combustion of fossil fuels, chemical reactions, and the release of particulates and volatile organic compounds (VOCs), leading to smog, health problems, and environmental damage. Direct-fired thermal oxidizers are used in industrial settings to reduce air pollution by efficiently combusting volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) emitted from industrial processes, thereby mitigating their impact on air quality. For instance, in February 2024, according to a report by the Department for Environment, Food, and Rural Affairs, a UK-based government department, estimated emissions of PM10 and sulfur dioxide saw an increase from 2021 to 2022. Notably, NMVOC emissions from food and beverage production rose by 27%. Therefore, increasing industrial air pollution will drive the growth of the direct-fired thermal oxidizer market.
Major companies operating in the direct-fired thermal oxidizer market are focusing on the upgrade and replacement of aging systems, such as low NOx (nitrogen oxide) thermal oxidizers. A low NOx (nitrogen oxide) thermal oxidizer refers to a type of thermal oxidizer specifically designed to minimize the formation and emission of nitrogen oxides during the combustion process. For instance, in April 2023, Catalytic Products International (CPI), a US-based company specializing in the design, manufacturing, and service of air pollution control equipment, installed a new direct-fired thermal oxidizer (DFTO) at a pharmaceutical manufacturer in Western USA. The DFTO replaces an outdated system, ensuring compliance with Clean Air Act standards, BACT, and low NOx requirements. CPI provided the thermal oxidizer, startup, and commissioning services for the 1,000 SCFM QUADRANT NR-1.00 Thermal Oxidizer. It achieves 99% destruction rate efficiency (DRE) for a solvent vapor stream containing toluene, hexane, methanol, acetone, ACN, THF, DMF, ethyl acetate, and silica organic solvents.
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Major Key Players of the Market:
Dürr Systems Inc., Fives Group, Zeeco Inc., CECO Environmental Corp., Aereon Inc., Anguil Environmental Systems Inc., Haat Incinerators Pvt. Ltd., Spooner Industries Ltd., TANN Corporation, Epcon Industrial Systems LP, Honeywell UOP, Brofind S.p.A., Stelter & Brinck Ltd., Catalytic Products International Inc., Ship & Shore Environmental Inc., Gulf Coast Environmental Systems LLC, Electron Thermal Processing Equipment B.V., Process Combustion Corporation, TKS Control Systems Inc., The CMM Group LLC, AIR CLEAR LLC, Nestec Inc., Pollution Systems Inc., Kono Kogs Inc., McRae Engineering Equipment Limited
Direct-Fired Thermal Oxidizer Market 2024 Key Insights:
• The direct-fired thermal oxidizer market size is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Impact Of Increasing Industrial Air Pollution On Market Expansion
• Focus On Upgrade And Replacement Strategies In The Direct-Fired Thermal Oxidizer Market
• North America was the largest region in the direct-fired thermal oxidizer market in 2023
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