- Opportunity and Forecast, 2016 - 2025
Emission control systems are utilized to limit the emission of hazardous gases and pollutants discharged from manufacturing plants, chemical process industries, and power plants. Different techniques are used in the industrial emission control systems on the basis of type of pollutants emitted and level of efficiency. Various processes such as chemical reactions, catalytic combustion, oxidization, adsorption, and others are used for conversion and elimination of these pollutants. Government and regulatory bodies have implemented stringent regulations to control pollution, and these systems are manufactured taking regulations into consideration.
Stringent regulatory framework and standards for emission control, growth in demand for power & industrial goods, and increase in industrialization in emerging countries are the factors that fuel the growth of the global industrial emission control systems market. However, changing geopolitical scenario and operational inconsistency & performance issues restrain the market growth.
The emission control systems market is segmented based on control device, emitting industry, and geography. Control device segment is classified into electrostatic precipitators, catalytic systems, absorbers, scrubbers, and others. By emitting industry, the market is categorized into power plants, chemicals & petrochemicals, cement, metal, manufacturing, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Prominent companies operating in the market are BASF, Johnson Matthey, Amec Foster Wheeler, Babcock & Wilcox Enterprises, Ducon Technologies, Mitsubishi Hitachi Power Systems, CECO Environmental Corp, General Electric Company, APC Technologies, Auburn Systems, Thermax Ltd, Air Clean LLC, Hamon Corporation, Fujian Longking Co., and others. These players have adopted expansion, partnerships, merger & acquisition, new product launches, joint ventures, collaborations, and others to gain a strong foothold in the market.
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