Industrial Emission Control Systems Market Introduction and Overview
According to SPER Market Research, the Global Industrial Emission Control Systems Market is estimated to reach USD 43.66 billion by 2033 with a CAGR of 7.56%.
The report includes an in-depth analysis of the Global Industrial Emission Control Systems Market, including market size and trends, product mix, applications, and supplier analysis. Industrial emission control refers to the methods and tools used to lessen the pollutants that industrial activities release into the atmosphere. Particulate matter, nitrogen oxides, sulphur oxides, carbon monoxide, volatile organic compounds, and greenhouse gases are examples of key emissions. These emissions, which are caused by a number of industries such as manufacturing, electricity generating, and chemical processing, contribute to air pollution, climate change, and negative health effects. Scrubbers, filters, catalytic converters, and electrostatic precipitators are some of the techniques used by industry to reduce emissions. These devices catch or neutralise pollutants prior to their discharge. Cleaner industrial practices are promoted by regulations and standards that enforce emission limitations, such as those issued by the Environmental Protection Agency (EPA) and other comparable organisations worldwide.
- April 2023: To cut carbon monoxide (CO) emissions by up to 50%, General Electric began integrating its selective catalytic reduction (SCR) and catalytic oxidation reduction (COR) systems into their LM2500XPRESS aero derivative gas turbines. A sustainable power choice in the aviation derivative business will be provided by the aforementioned installation of emission control systems as a CO emission control technology on their LM2500XPRESS machines, which will lead to market expansion.
- January 2023: In Bankura, West Bengal, India, Thermax Limited was awarded a USD 30.8 million order to upgrade and modernise electrostatic precipitators at a 3x210 MW thermal power station. Design, engineering, manufacture, civil work, dismantling/relocation, installation, and commissioning of the ESP systems are all included in the scope of the project in order to reduce particle emissions and meet the air quality standards set for the power plants.
Market Opportunities and Challenges
Opportunities- The sector has grown as a result of ongoing industrialisation in emerging economies and the modernisation of old technology. Government laws, growing public awareness of environmental health issues, and technology improvements all have an impact on the market for industrial emission control systems. The market is growing as a result of developing nations' fast industrialisation and their adoption of these systems to conform to global norms. The creation of more affordable and effective technologies, like sophisticated filtering systems and carbon capture technology, which can drastically lower industry overhead, presents potential opportunities. Businesses can improve their technology skills and diversify their product offerings by leveraging strategic alliances and mergers.
Challenges- Global Industrial Emission Control Systems' market expansion is being hampered by a number of issues. The high upfront installation and maintenance expenses of these systems are a major obstacle that may prevent small and medium-sized businesses from implementing the technology because of financial limitations. Furthermore, because compliance requirements might range greatly between countries, the disparity in regulatory frameworks and emission standards among them adds complexity and obstacles to the general adoption of these systems. Additionally, the need for emission control systems is decreased as a result of the rise of cleaner, alternative energy sources like hydropower, solar, and wind that lessen dependency on fossil fuels. Since fewer pollution restrictions are needed in these evolving energy sectors, the drop in coal power investments further limits market expansion.
Market Competitive Landscape
The Global Industrial Emission Control Systems Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are S.A. HAMON, MITSUBISHI HEAVY INDUSTRIES, LTD., CECO ENVIRONMENTAL, General Electric, Babcock & Wilcox Enterprises, Inc., Thermax Limited, DÃœRR Group, John Wood Group PLC, Fujian Longking Co., Ltd., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By System, By Industry.
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. |
| Companies Covered | S.A. HAMON, MITSUBISHI HEAVY INDUSTRIES, LTD., CECO ENVIRONMENTAL, General Electric, Babcock & Wilcox Enterprises, Inc., Thermax Limited, DURR Group, John Wood Group PLC, Fujian Longking Co., Ltd., Others. |
COVID-19 Impact on Global Industrial Emission Control Systems Market
The COVID-19 epidemic has caused widespread disruptions in consumer demand and supply. This has had a significant impact on industry growth, especially in industries like manufacturing and cement, along with the widespread closure of industrial activities. Production halts and logistical setbacks continue to impede productivity and efficiency in these industries, causing significant disruptions. Additionally, the mining, petrochemical, chemical, and metal processing industries have all been significantly impacted by operational disruptions in the extraction of vital raw materials. The implementation and retrofitting of sophisticated emission control systems across a range of industrial verticals has been constrained by the decline in mining activities. Consequently, enterprises have encountered setbacks and escalated expenses, making it difficult for them to sustain production while adhering to environmental regulations.
Key Target Audience:
- Manufacturing Companies
- Cement Production Facilities
- Petrochemical and Chemical Processing Plants
- Power Generation Plants
- Mining and Metals Processing Industries
- Oil and Gas Refineries
- Environmental Regulatory Agencies
- Waste Management Facilities
- Renewable Energy Sector
- Engineering, Procurement, and Construction (EPC) Companies
Our in-depth analysis of the Industrial Emission Control Systems Market includes the following segments:
| By System: | Electrostatic PrecipitatorsCatalytic SystemsAbsorbersScrubbersOthers |
| By Industry: | Power PlantsChemical & Petrochemical IndustryCement IndustryMetal IndustryManufacturing industryOther Sources |
Key Topics Covered in the Report:
- Global Industrial Emission Control Systems Market Size (FY’2024-FY’2033)
- Overview of Global Industrial Emission Control Systems Market
- Segmentation of Global Industrial Emission Control Systems Market by System (Electrostatic Precipitators, Catalytic Systems, Absorbers, Scrubbers, Others)
- Segmentation of Global Industrial Emission Control Systems Market by Industry (Power Plants, Chemical & Petrochemical Industry, Cement Industry, Metal Industry, Manufacturing industry, Other Sources)
- Statistical Snap of Global Industrial Emission Control Systems Market
- Expansion Analysis of Global Industrial Emission Control Systems Market
- Problems and Obstacles in Global Industrial Emission Control Systems Market
- Competitive Landscape Global Industrial Emission Control Systems Market
- Impact of COVID-19 and Demonetization Global Industrial Emission Control Systems Market
- Details on Current Investment in Global Industrial Emission Control Systems Market
- Competitive Analysis of Global Industrial Emission Control Systems Market
- Prominent Players in the Global Industrial Emission Control Systems Market
- SWOT Analysis of Global Industrial Emission Control Systems Market
- Global Industrial Emission Control Systems Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Industrial Emission Control Systems Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Industrial Emission Control Systems Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Emission Control Systems Market
7. Global Industrial Emission Control Systems Market, By System (USD Million) 2020-2033
7.1. Global Industrial Emission Control Systems Market Size, Share and Forecast, By System, 2020-2026
7.2. Global Industrial Emission Control Systems Market Size, Share and Forecast, By System, 2027-2033
7.3. Electrostatic Precipitators
7.4. Catalytic Systems
7.5. Absorbers
7.6. Scrubbers
7.7. Others
8. Global Industrial Emission Control Systems Market, By Industry (USD Million) 2020-2033
8.1. Global Industrial Emission Control Systems Market Size, Share and Forecast, By Industry, 2020-2026
8.2. Global Industrial Emission Control Systems Market Size, Share and Forecast, By Industry, 2027-2033
8.3. Power Plants
8.4. Chemical & Petrochemical Industry
8.5. Cement Industry
8.6. Metal Industry
8.7. Manufacturing industry
8.8. Other Sources
9. Global Industrial Emission Control Systems Market Forecast, 2020-2033 (USD Million)
9.1. Global Industrial Emission Control Systems Market Size and Market Share
10. Global Industrial Emission Control Systems Market, By Region, 2020-2033 (USD Million)
10.1. Global Industrial Emission Control Systems Market Size and Market Share By Region (2020-2026)
10.2. Global Industrial Emission Control Systems Market Size and Market Share By Region (2027-2033)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle-East and Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. S.A. HAMON
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. MITSUBISHI HEAVY INDUSTRIES, LTD.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. CECO ENVIRONMENTAL
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. General Electric
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Babcock & Wilcox Enterprises, Inc.
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Thermax Limited
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. DURR Group
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. John Wood Group PLC
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Fujian Longking Co., Ltd.
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links