Press release
Gas Cleaning Technologies Market on Track for Strong Growth, Estimated to Grow at 5.8% CAGR Through 2029
Gas Cleaning Technologies
What Is the Expected CAGR for the Gas Cleaning Technologies Market Through 2025?
The market for gas cleaning technologies has seen substantial growth in the past few years. It's set to expand from a value of $32.54 billion in 2024 to $34.54 billion in 2025, showing a compound annual growth rate (CAGR) of 6.2%. This historic period growth stems from increasing consciousness about the health consequences of air pollution, the emergence of more energy and power plants, advancements in air pollution control technologies, escalating levels of air pollution, and growing population density.
What's the Projected Size of the Global Gas Cleaning Technologies Market by 2029?
Strong expansion in the gas cleaning technologies market is expected over the coming years, with projections indicating growth to $43.38 billion by 2029, showcasing a compound annual growth rate (CAGR) of 5.9%. The escalating use of wet scrubbers, worldwide growing demand for coal-fired power, the shift towards these cleaner options, increasing oil exploration endeavors, and evolving climate changes are key contributing factors. The forecast period is expected to witness trends such as digital technology integration, technological advancements, increasing usage of bio-based and green technologies, a renewed attention to specific pollutants, and the development of scalable, modular solutions.
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Top Growth Drivers in the Gas Cleaning Technologies Industry: What's Accelerating the Market?
The gas cleaning technologies market is expected to grow due to the rising activities in oil and gas production. The growth in oil and gas production comes due to an increase in global energy demand and endeavors to boost energy security to address economic growth requirements. Impurities removal, emission reduction, and assurance of compliance with environmental regulations are some of the purposes served by gas cleaning technologies in oil and gas production. As reported by HM Revenue and Customs (HMRC), a UK-based agency, the total revenues made by the UK government from oil and gas production stood at £9 billion during the financial year 2022 to 2023, a significant increase from £1.4 billion in 2021 to 2022, registering a growth of £7.6 billion. Consequently, the bolstering activities in oil and gas production are fueling the expansion of the gas cleaning technologies market.
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What Trends Will Shape the Gas Cleaning Technologies Market Through 2029 and Beyond?
Leading firms in the gas cleaning technologies market are concentrating on creating innovative solutions, such as digital tools, to deliver flexible and efficient gas cleaning systems which cut down on energy and water use. The term 'digital tool' in this context refers to software or technology used in gas cleaning plants to oversee, manage and improve the process, thus boosting operational effectiveness and adhering to regulations. For example, in December 2023, Metso Corporation, an industrial machinery company based in Finland, introduced the High-Efficiency Scrubber (HES) Optimizer. This digital resource improves the energy efficiency of gas cleaning plants by fine-tuning the pressure drop in Venturi scrubbers based on current data and internal computations. This results in effective removal of impurities, regardless of fluctuations in gas volumes and dust loads, thus helping to uphold environmental standards.
What Are the Main Segments 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 Top Companies are Driving Growth in the Gas Cleaning Technologies Market?
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.
Which Regions Will Dominate the Gas Cleaning Technologies Market Through 2029?
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.
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