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Impact Of Increasing Greenhouse Gas Emissions On The Emission Equipment Market: A Key Factor Shaping the Future of the Emission Equipment Market in 2025
Emission Equipment Market Growth
The increase in greenhouse gas emissions is expected to drive the emission equipment market. Greenhouse gas emissions, which contribute to global warming, are rising due to industrial and commercial activities. Emission equipment helps reduce harmful pollutants released into the atmosphere by capturing and neutralizing them. According to the U.S. Energy Information Administration, CO2 emissions increased from 35.72 billion metric tons in 2021 to 38.50 billion metric tons in 2022. Thus, the rise in greenhouse gas emissions is driving the growth of the emission equipment market.
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What Is the projected market size and growth rate for the emission equipment market?
The emission equipment market has experienced rapid growth in recent years. It will grow from $172.12 billion in 2024 to $191.29 billion in 2025, at a CAGR of 11.1%. The historical growth is driven by environmental regulations, industrialization, public awareness, health concerns, and rising awareness of environmental issues.
The emission equipment market is projected to grow rapidly, reaching $287.8 billion by 2029 with a CAGR of 10.8%. This growth is driven by stricter environmental regulations, economic growth, industrial expansion, public pressure, global agreements, and health and environmental impact awareness. Trends include technology advancements, integration with renewable energy, focus on sustainability, digitalization, and smart technologies.
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What new trends are reshaping the emission equipment market and its opportunities?
Companies in the emission equipment market are developing advanced IoT-based building management systems to optimize energy consumption and reduce emissions. Siemens AG, a Germany-based provider of emission solutions, launched Connect Box in March 2023, an IoT solution for managing emissions in small to medium-sized buildings. This system collects real-time data from IoT sensors to optimize energy consumption and reduce emissions.
What major market segments define the scope and growth of the emission equipment market?
The emission equipment market covered in this report is segmented -
1) By Emission Type: Particulate Matter Control Equipment, Nitrogen Oxides Control Equipment, Sulfur Oxides Control Equipment, Volatile Organic Compounds Control Equipment
2) By Solution: Emission Test Equipment, Emission Test Software, Emission Test Service
3) By Application: Industrial, Automotive, Marine, Aerospace, Other Applications
Subsegments:
1) By Particulate Matter Control Equipment: Electrostatic Precipitators (Esp), Fabric Filters (Baghouses), Cyclones
2) By Nitrogen Oxides Control Equipment: Selective Catalytic Reduction (Scr) Systems, Selective Non-Catalytic Reduction (Sncr) Systems, Low-Nox Burners
3) By Sulfur Oxides Control Equipment: Flue Gas Desulfurization (Fgd) Systems, Wet Scrubbers, Dry Scrubbers
4) By Volatile Organic Compounds Control Equipment: Carbon Adsorbers, Thermal Oxidizers, Catalytic Oxidizers
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Which region dominates the emission equipment market?
North America was the largest region in the emission equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the emission equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the emission equipment industry growth?
Major companies operating in the emission equipment market are BASF SE, Siemens AG, General Electric Company, Thermo Fisher Scientific Inc., Honeywell International Inc., ABB Ltd., Baker Huges Co., Alstom SA, Johnson Matthey plc, Emerson Electric Co., ANDRITZ AG, Fuji Electric Co. Ltd., Ametek Inc., Teledyne Technologies Incorporated, HORIBA Ltd., SICK AG, Spectris plc, Thermax Limited, Babcock And Wilcox Enterprises Inc., Enviro Technology Services plc
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What Is Covered In The Emission Equipment Global Market Report?
•Market Size Forecast: Examine the emission equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the emission equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the emission equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the emission equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the emission equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the emission equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the emission equipment market.
•Competitive Landscape: Review strategic developments in the emission equipment market, including expansions, agreements, and new product launches.
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