Press release
Gas Cleaning Technologies Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Gas Cleaning Technologies Market Share
In the past few years, there has been a substantial expansion in the size of the gas cleaning technologies market. The market is projected to escalate from $32.54 billion in 2024 to $34.54 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors like growing awareness of health implications associated with air pollution, an upsurge in the count of power and energy plants, advancement in air pollution control technologies, escalating air pollution, and increasing population density have contributed to this growth during the historical period.
Strong growth is anticipated in the gas cleaning technologies market size over the coming years, with projections estimating it to increase to $43.38 billion by 2029, experiencing a compound annual growth rate (CAGR) of 5.9%. This amplified growth during the forecast period can be traced back to factors such as the escalated usage of wet scrubbers, increasing global demand for coal-fired power, heightened preference for cleaner alternatives, rising oil exploration ventures, and fluctuations in climate change. The foretold period is also set to see significant trends such as integration with digital technologies, technological progression, the rise in usage of bio-based and green technologies, an intensified focus on specific pollutants, as well as modular and scalable solutions.
What Are the Primary Growth Drivers for the Gas Cleaning Technologies Market?
The surge in oil and gas extraction operations is anticipated to fuel the expansion of the gas cleaning technologies market. The growth in oil and gas production is due to the rising worldwide energy requirements as well as initiatives aimed to boost energy security and accommodate the demands of economic growth. Gas cleaning technologies play a crucial role in oil and gas production by eliminating contamination, lessening emissions, and ensuring adherence to environmental norms. For instance, as per UK's HM Revenue and Customs (HMRC) in September 2024, the total governmental revenues from UK oil and gas production escalated to £9 billion during the fiscal year of 2022 to 2023, a surge from £1.4 billion in 2021 to 2022, reflecting an increase of £7.6 billion. Hence, the escalating operations in oil and gas production are propelling the expansion of the gas cleaning technologies market.
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Who Are the Dominant Companies Influencing Gas Cleaning Technologies Market Trends?
Major companies operating in the gas cleaning technologies market are Siemens AG, General Electric Company, Mitsubishi Heavy Industries, Yara Marine Technologies AS, Johnson Matthey, Ecolab, ANDRITZ Group, Fuji Electric Co. Ltd., Wärtsilä Corporation, GEA Group AG, ALFA LAVAL AB, Dürr AG, FLSmidth, Evoqua Water Technologies LLC, Babcock & Wilcox, Nederman Holding AB, CECO Environmental, Tri-Mer Corporation, Verantis Environmental Solutions Group, KCH Services Inc., Hitachi Zosen Inova, Elessent Clean Technologies Inc., John Cockerill, Ducon Environmental Systems Inc.
How Is the Gas Cleaning Technologies Market Evolving?
Leading companies in the gas cleaning technologies market are prioritizing the creation of innovative solutions like digital tools. These tools aim to provide efficient and adaptive gas cleaning solutions capable of minimizing energy and water usage. Digital tools in this context refer to software or technology which regulates, supervises and improves the efficiency of gas cleaning processes, maintaining operational efficacy and regulatory compliance. An example of this occurred in December 2023 when Metso Corporation, an industrial machinery firm based in Finland, unveiled the High-Efficiency Scrubber (HES) Optimizer. This digital tool boosts energy efficacy in gas cleaning plants by optimizing the pressure drop in Venturi scrubbers based on real-time data and internal computations. It guarantees effective removal of impurities even with fluctuating gas volumes and dust loads, assisting in adhering to environmental standards.
What Are the Different Segmentations in the Gas Cleaning Technologies Market?
The gas cleaning technologiesmarket covered in this report is segmented -
1) By Product: Scrubbers, Dry Sorbent Injection, Particulate Or Dust Collection, Mist, Aerosols, Fine Particulate, Nitrogen Oxide (NOx) Reduction
2) By Application: Particulate Cleaning, Gaseous Or Chemical Cleaning
3) By End-User: Power Generation, Chemical, Cement, Refinery And Petrochemical, Pulp And Paper, Mining, Textiles, Metals, Other End-Users
Subsegments:
1) By Scrubbers: Wet Scrubbers, Dry Scrubbers, Venturi Scrubbers, Packed Bed Scrubbers
2) By Dry Sorbent Injection: Sodium Bicarbonate Injection, Calcium-based Sorbents, Trona Injection
3) By Particulate or Dust Collection: Electrostatic Precipitators (ESPs), Baghouse Filters, Cyclone Collectors
4) By Mist Collection: Mechanical Mist Collectors, Electrostatic Mist Collectors
5) By Aerosols: Oil Mist Collectors, Aerosol Filtration Systems
6) By Fine Particulate: High-Efficiency Particulate Air (HEPA) Filters, Ultra-Low Penetration Air (ULPA) Filters
7) By Nitrogen Oxide (NOx) Reduction: Selective Catalytic Reduction (SCR), Selective Non-Catalytic Reduction (SNCR), Non-Thermal Plasma (NTP) Technologies
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Which Region Is at the Forefront of the Gas Cleaning Technologies Market?
Asia-Pacific was the largest region in the gas cleaning technologies market in 2024. The regions covered in the gas cleaning technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Gas Cleaning Technologies Global Market Report?
- Market Size Analysis: Analyze the Gas Cleaning Technologies Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gas Cleaning Technologies Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gas Cleaning Technologies Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gas Cleaning Technologies Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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