Industrial Emission Control Systems Market Set for Rapid Growth 2017-2025

Industrial Emission Control Systems Market: Overview

The global market for industrial emission control systems is witnessing a high growth in the recent past on account of growing stringency of environmental regulation standards. The growth of the coal power industry in developed nations will also help drive the growth of the industrial emission control systems market. The flourishing construction industry is driving the growth of the cement industry and this in turn will aid the growth of the global industrial emission control systems market. Rapid industrialization has fueled environmental concerns as global warming is posing serious issues and our future could be at stake. Thus, global warming has become a focal point of global geopolitics and industries worldwide are working towards implementing emission control systems to adhere to stringent regulations. This is one of the most important drivers for the growth of the global industrial emission control systems.

Some of the factors restraining the demand for industrial emission control systems include the growing preference for alternate fuels for power generation in a bid to reduce dependency on coal, in developed nations of Europe and the U.S. However the increasing prevalence of health issues on account of the industrial emissions will ensure the demand for industrial emission control systems. In addition to this, replacement of older devices which control emissions will create a heightened demand for these systems and push the growth of the market. The demand for energy is increasing with rising population and this will drive the coal power industry, which in turn will enhance the growth prospects of this market.

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Global Industrial Emission Control Systems Market: Snapshot 

The sources of static pollution in industries are refineries, cement plants, power plants, and smelters. They release harmful contaminants into the atmosphere, thus polluting it. These contaminants are required to be controlled employing various effective technologies. These systems are known for destroying the contaminants produced either by catalytic or thermal combustion or by converting toxic contents into less harmful chemicals. These processes are done by the use of processes such as selective catalytic reduction. Industrial emission control systems keep a check on the level of emissions from industries by employing different technologies based on the type of contaminant emitted from the source and the level of efficiency required. Rising levels of nitrogen oxide, sulfur dioxide, and harmful particulate emissions have triggered alarms in order to prevent environmental damages. As a result of this, the adoption of industrial emission control systems took a boost.

In 2016, WHO stated in a report that 80% of the people living in urban areas are exposed to air quality levels that surpass the World Health Organization limits. According to the air quality database, around 98% of cities in middle and low income countries do not meet the air quality guidelines of WHO. However, in high income nations, the percentage is around 56%.

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Global Industrial Emission Control Systems Market: Trends and Prospects 

Environmental concerns owing to robust industrialization coupled with the risks of global warming have given rise to issues for sustainable development in future. Global warming has turned out to be the main focus of global geopolitics. As a result of this, industries across the globe are striving towards installing emission control systems in order to adhere to strict regulations imposed by governing and organizational bodies pertaining to the negative impact that the emission of harmful wastes has on the environment. It has become imperative for industries to deploy technologies that perform elimination, conversion, and collection of harmful substances emitted by industries. Thus, this has stimulated the growth of the global industrial emission control systems market. Furthermore, as governments across the globe are striving to decrease the damage caused by industrial emissions, they are collaborating with several environmental organizations in order to develop standards to manage the level of emissions from industries. This is further expected to trigger the demand for industrial control systems.

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Global Industrial Emission Control Systems Market: Market Potential 

One of the leading companies operating in the global industrial emission control systems market, BASF, consolidated the operations of its chemical catalyst refining and recycling to a production facility in South Carolina named Seneca in 2015. In the same year, BASF Catalyst LLC also entered into a joint venture agreement with TODA KOGYO Corp. by establishing BASF TODA Battery Materials LLC. Since then, it has been focusing on the development of customized industrial emission control systems. Another major agreement was signed between DuPont and Lundberg to develop and supply exclusive air pollution control system for refining petrochemical plants and coke calciners associated with it.

Global Industrial Emission Control Systems Market: Regional Overview 

Region-wise, the market for industrial emission control systems can be segmented into Europe, North America, Asia Pacific, and the Rest of the World. Owing to robust industrial development in Italy, Spain, and France. Increasing pollution caused from industries in India and China is expected to bode well for the market growth in Asia Pacific. North America is anticipated to emerge as lucrative region owing to the presence of leading companies in the region.

Global Industrial Emission Control Systems Market: Competitive Landscape 

With the mergers and acquisitions in the go and initiatives to develop innovative products, companies are striving to gain a leading position. Some of the key players are BASF, John Matthey, Alstom Group, Babcock and Wilcox Enterprises, and Mitsubishi Hitachi Power Systems Limited.

Global Warming Concerns to Aid Adoption of Industrial Emission Control Systems

San Francisco, California, November 30, 2017: The intensifying need for emission control devices and technologies in various industrialized nations to eliminate or diminish harmful pollutants from industrial processes is the primary factor boosting the demand for industrial emission control systems. The growing demand for these systems in a number of developed and developing countries owing to rapidly rising harmful emissions from industries, notably power and manufacturing sectors, is a key factor driving the market. The rapid pace of industrialization in numerous emerging economies has accentuated the need for harmful emission reduction technologies, thereby providing a robust fillip to the market. A new report penned by TMR Research, titled, “Industrial Emission Control Systems Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”, offers in-depth insights into key market dynamics and trends influencing emerging opportunities and lucrative avenues in various regions.

A significantly expanding trade activities in various parts of the world is expected to bolster the demand over the forecast period. The large-scale power production is thriving on the back of a burgeoning demand for energy in several emerging economies. A rising power sector, notably coal power, in developing regions is fueling the demand for emission control devices and technologies world over. A thriving cement manufacturing industry, fueled by rapid growth of construction industry, has led to more harmful emissions, such as sulfur dioxide and nitrogen oxide. This is bolstering the demand for emission control systems.

Governmental regulations and their stricter implementations for controlling harmful emissions, including sulfur dioxide and nitrogen oxide, is a significant factor boosting the adoption of industrial emission control systems. The rising awareness of harmful effects of these pollutants on the ecology and human health in particular is a key factor elevating the demand for such technologies. The growing obligation to conform to local and global emission standards for various industries is a key factor expected to fuel the adoption of a variety of emission control system.

Various methods to reduce global warming is fast gathering steam among policymakers in developing and developed nations. As a result, they are intensively devising norms to minimize the negative impact. In various parts of the world, various governments are collaborating with a number of environmental bodies and agencies. This has provided a potential push to the growth of the global market. A number of regional and global agencies, especially in developed nations, is developing better standards on acceptable emission norms.

The declining prominence of coal-fired power plants in some developed nations, particularly in European nations and the U.S., in a bid to reduce the reliance on coal is a notable development expected to hamper the demand for various emission control devices and technologies. Nevertheless, the staggering pace of industrialization, is a crucial factor expected to bolster the demand for these systems by numerous industries, including automotive, medical, pharmaceutical, microelectronic, and aerospace. In addition, the advent of devices and technologies that makes for easier installation in manufacturing industries, bodes well for the growth of the market.

Some of the regional markets are Europe, North America, and Asia Pacific. The rapid pace of industrialization in several European countries, notably in Italy, Spain, and France, is expected to bolster the adoption of industrial emission control systems. Asia Pacific, led by India and China, is expected to provide substantial lucrative avenues for market players over the assessment period. The marked presence of prominent companies in the countries of North America is a key factor expected to accentuate the regional market.

Some of the market players eyeing for a significant share in the market are Mitsubishi Hitachi Power Systems Limited, Babcock and Wilcox Enterprises, Alstom Group, John Matthey, and BASF SE.

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