The report industrial emission control systems market (By Device (Electrostatic Precipitators, Catalytic Systems, Absorbers, and Scrubbers)-By Application (Power Plants, Chemicals and Petrochemicals, Cement, Metal, and Manufacturing) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America))- is estimated to reach US$ 24.45.01 Bn by 2026 at a CAGR of about 7.67%.
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 towards 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.
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.
Electrostatic precipitators is expected to dominate the Industrial Emission Control Systems Market in 2017
In terms of device, 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.
Power plants industrial emission control systems held the highest Industrial Emission Control Systems Market share
In terms of Application, 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 the 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
In terms of region, 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.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Johnson Matthey, BASF, Babcock & Wilcox Enterprises, Amec Foster Wheeler, and Mitsubishi Hitachi Power Systems.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the industrial emission control systems market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the industrial emission control systems market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain industrial emission control systems market positioning of competitors.
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