Global Industrial Emission Control Systems Market was valued US$ 13.34 Bn in 2017 and is estimated to reach US$ 24.45.01 Bn by 2026 at a CAGR of about 7.67% in the forecast period.
Environmental concerns due to rapid industrialization along with the looming threat of global warming are posing serious issues for the development of a sustainable future. Global warming has become the focal point of global geopolitics. Industries across the globe have been working toward implementing emission control systems to adhere to the stringent regulations pertaining to the emission of harmful wastages that have a negative impact on the environment. Predominantly industries emit pollutants which include toxic materials such as NOx, Sox, VOCs, and particulate matter amongst other pollutants which are extremely harmful to the environment. A high proportion of these pollutants has led to serious health concerns as well.
Emission control systems are extremely critical for the industries and selection of suitable devices lies at the helm due to nature of pollutant and industry where the devices are to be installed. Controlled emission in one way is achieved by periodic replacement of old devices. Traditionally power plants have installed devices which have a lifespan of around 10 to 15 years on a regular basis. The power generation industry has been a major contributor to the industrial emission control systems market due to the replacement of older devices resulting in market growth.
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As the population continues to expand, the demand for energy is bound to increase especially in the emerging markets across the Asia Pacific and Africa region. The rapid industrialization is supported by the huge power generation plants along with infrastructure development activities supported by the cement, metal, chemical and petrochemicals sector. These development activities get the push from increasing international trade. As a result of low labor costs, the developing economies have gradually become manufacturing centers. These regions are expected to significantly contribute to Industrial Emission Control Systems Market share globally.Industrial Emission Control Systems Market Industrial Emission Control Systems Market is majorly segmented by the device, application, and region wise. Based on device segment electrostatic precipitators is expected to dominate the Industrial Emission Control Systems Market in 2017. Electrostatic precipitators are one of the most essential devices which are used to remove particulate matters. These devices are predominantly used in power plants, steel, paper, and cement industries and are expected to witness a significant growth of over 6% by 2024.
Under application segment power plants industrial emission control systems held the highest Industrial Emission Control Systems Market share. Power plants are one of the major pollutant emitting industry, where the harmful gases, corrosive acidic or basic streams, particles, and vapors have been damaging nature. It is also the major industry where steps & precautions are majorly taken to control such emissions at the highest level.
Asia-Pacific held the highest Industrial Emission Control Systems Market share in 2017 and is expected to have a higher growth rate in the forecast period. Increasing population coupled with industrial growth is likely to favor the Industrial Emission Control Systems Market in China. Government guidelines to reduce the emission content will positively affect the business.
Key player across the Industrial Emission Control Systems Market industry are Johnson Matthey, BASF, Babcock & Wilcox Enterprises, Amec Foster Wheeler, and Mitsubishi Hitachi Power Systems. Cost competitiveness, regulatory conformance, distribution network, and product differentiation are some of the crucial strategic assets to secure a competitive position across the industry.
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Global Industrial Emission Control Systems Market Scope:
Global Industrial Emission Control Systems Market By Device
• Electrostatic Precipitators
• Catalytic Systems
• Absorbers
• Scrubbers
Global Industrial Emission Control Systems Market By Application
• Power Plants
• Chemicals and Petrochemicals
• Cement
• Metal
• Manufacturing
Global Industrial Emission Control Systems Market By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Industrial Emission Control Systems Market:
• Johnson Matthey
• BASF
• Babcock & Wilcox Enterprises
• Amec Foster Wheeler
• Mitsubishi Hitachi Power Systems
• Ducon Technologies
• General Electric Company
• CECO Environmental Corp
• Thermax Ltd
• APC Technologies
• Auburn Systems
• Air Clean LLC
• Fujian Longking Co
• Hamon Corporation
MAJOR TOC OF THE REPORT
Chapter One: Industrial Emission Control Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Industrial Emission Control Market Competition, by Players
Chapter Four: Global Industrial Emission Control Market Size by Regions
Chapter Five: North America Industrial Emission Control Revenue by Countries
Chapter Six: Europe Industrial Emission Control Revenue by Countries
Chapter Seven: Asia-Pacific Industrial Emission Control Revenue by Countries
Chapter Eight: South America Industrial Emission Control Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Industrial Emission Control by Countries
Chapter Ten: Global Industrial Emission Control Market Segment by Type
Chapter Eleven: Global Industrial Emission Control Market Segment by Application
Chapter Twelve: Global Industrial Emission Control Market Size Forecast (2019-2026)
Browse Table of Contents with Facts and Figures of Industrial Emission Control Market Report at: https://www.maximizemarketresearch.com/market-report/global-industrial-emission-control-systems-market/11701/
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