According to this report, the global industrial emission control systems market was valued at US$ 11,719.4 Mn in 2014 and is anticipated to reach US$ 22,092.1 Mn by 2023 at a CAGR of 7.3% from 2015 to 2023.
In-depth research report on Industrial Emission Control Systems Market with Full TOC at : http://www.transparencymarketresearch.com/industrial-emission-control-systems-market.html
Large-scale power plants, chemical process industry, and manufacturing industry emit harmful particulates, aerosols, vapors, and gases. These pollutants are harmful to human health and the environment, thereby raising serious concerns about emissions and the need to regulate them and prevent damages to the eco-system. Industrial emission control systems eliminate these harmful pollutants using different technologies. Selection of industrial emission control systems depends on the type of pollutant emitted from the source and the efficiency level required. Industrial emission control systems typically collect, eliminate, and convert harmful pollutants by performing thermal or catalytic combustion, chemical reaction, oxidization, absorption, and adsorption, etc.
Industrial emission control systems can be used as a combination in series for obtaining optimal emission reduction or as a standalone devices. Increasing NOx, sulfur dioxide, and particulate emissions have raised awareness to prevent further environmental damage. Stringent regulations and emission standards have been implemented by government and environmental regulatory bodies to reduce emissions. In order to meet the emission standards, various industries across the globe have installed industrial emission control systems. The market for industrial emission control systems has been rapidly expanding due to growing industrialization, increase in global trade, and high global power demand.
In terms of geography, the industrial emission control systems market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific was the largest market for industrial emission control systems, accounting for 38% share of the global market in 2014. Rapidly increasing industrialization in China and India spurring the demand for power along with rising population is the major driver of the industrial emission control systems market in Asia Pacific. North America was the second-largest market for industrial emission control systems in 2014. Stringent environmental regulations and emission standards is the major driver for the industrial emission control systems market in North America. Europe was the third-largest market for industrial emission control systems in 2014. The market in Rest of the World is expected to witness significant growth in the near future due to evolving emission regulations and growth in industrial productivity.
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Demand for industrial emission control systems is expected to increase gradually in the near future due to growing industrial production and global trade. The global industrial emission control systems market has been segmented as follows:
Industrial Emission Control Systems Market: By Emission Source
- Power Plants
- Chemical Process Industry
- Marine Industry
- Waste to Energy Industry
- Other Industries
Industrial Emission Control Systems Market: By Device Type
- Electrostatic Precipitators
- Catalytic Reactors
Industrial Emission Control Systems Market: By Region
Rest of Europe
Rest of Asia Pacific
Rest of the World
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