Industrial Emission Control Systems Market

06 May

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Industrial Emission Control Systems Market Poised to Grow at a CAGR of 7.8% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Industrial Emission Control Systems Market. The report presents analysis of global as well as regional markets of industrial emission control systems market over the period of 2016 to 2024.

 

Industrial air pollutants are responsible for a number of adverse environmental effects, such as photochemical smog, acid rain, death of forests. The major sources of greenhouse emissions are transportation, electricity production, land use, forestry, and agriculture. Emissions of greenhouse gases from combustion of fossil fuels are associated with the global warming of Earth's climate. Hence, the Industrial emission control systems are used that monitors and reduce harmful products that are released by combustion and other emission processes that cause environmental pollution.

 

Increasing demand for electricity with growing infrastructure are anticipated to drive the global industrial emission control system market. Additionally, positive outlook towards chemical, automobile and refineries are expected to fuel the growth of the industrial emission control systems market .Moreover increasing construction spending is further expected to compliment industrial growth. On the other hand, growth of the coal power industry in developed nations will also help to drive the growth of the industrial emission control systems market.

 

However, growing use of alternative fuels for power generation in a proposal to reduce the dependency of coal is anticipated to hinder the growth of the industrial emission control system market over the forecast period. On the other hand, industries emits harmful toxic gases that includes the materials such as NOx, Sox, VOCs which are extremely harmful for the environment and high proportion of this pollutants leads to serious health concerns.

 

Furthermore, government across the globe are striving to reduce environmental damages by developing policy framework that is anticipated to motivate the implementation of various pollution control technologies. This in turn is expected to provide several growth opportunities for the key players in the industrial emission control system market over the upcoming years. Moreover, traditionally power plants have installed the devices that have the life around 10 to 15 years and hence power generation industry has become the major industry owing to the replacement of the older devices. This is anticipated to be the severe factor for the growth of the industrial emission control system market over the years to come.

 

Among the geographies, Asia pacific region is the major contributor in terms of revenue followed by North America. Additionally, globalization has led to various manufacturing companies from the developing countries such as India and china to migrate to the low cost countries. Moreover, government initiatives in infrastructure and urban development are anticipated to drive the cement industry in the Asia Pacific regions. On the other hand, the development of coal-fired power plants has particularly gained momentum in the Asia Pacific regions owing to the shortage of developed renewable energy infrastructure. Countries such as Indonesia and Thailand besides China and India could enlarge the demand in Asia Pacific with their rising need for electricity.

 

The prominent players in the industrial emission control system are Johnson Matthey, BASF, Babcock & Wilcox Enterprises, Amec Foster Wheeler, and Mitsubishi Hitachi Power Systems. In addition, presence of large number of international players in US have created awareness regarding system up gradation and installation of technologies to limit the pollution.  Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global industrial emission control systems market but also make strategic decisions to capture the most lucrative markets in the near future.

 

The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global industrial emission control systems market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1471

 

The recent report identified that Asia Pacific dominated the global industrial emission control systems market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the industrial emission control systems market worldwide.

 

The report segments the global industrial emission control systems market on the basis of Emission Source and Device Type.

 

Global Industrial Emission Control Systems Market by Emission Source

 

·         Power Plants

·         Chemical Process

·         Marine

·         Waste To Energy

 

Global Industrial Emission Control Systems Market by Device Type

 

·          ESP

·         Catalytic Reactors

·         Incinerators

·         Filters

 

Companies Profiled in the Report

 

·         Mitsubishi Hitachi Power Systems

·         Johnson Matthey

·         BASF

·         Amec Foster Wheeler

·         Ducon Technologies

·         General Electric Company

·         Thermax

·         Wilcox Enterprises

·         Air Clean LLC

·         APC Technologies

 

About Infinium Global Research

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