Emission Control Systems Market Size, Share, Growth, And Industry Analysis By Type (Electrostatic, Precipitator, Absorber, Catalytic Reactor, and Catalytic Convertor) By Application (Oil & Gas industry, Automotive, Marine, Manufacturing), Regional Forecast To 2031

Updated On: 15 April 2024

Emission Control Systems Market Report Overview

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The global Emission Control Systems market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

Particulate, ozone, volatile organic compounds (VOC), and other pollutants that are emitted from stationary and mobile sources are reduced or eliminated using emission control systems, commonly referred to as air pollution control equipment. There are several emission control systems available, and each has advantages and drawbacks of its own. The type and concentration of pollutants to be regulated, the operating circumstances of the source (e.g., temperature, pressure, flow rate), and the installation and operation costs all play a role in determining the most efficient technology for a given application.  Environmental pollution is caused by hazardous emissions from combustion and other emission processes, which are monitored and reduced by industrial emission control systems. These pieces of machinery are used by industrial sectors like cement, power generation, chemical, mining, and metals to safely transform dangerous air pollutants like carbon monoxide, unburned hydrocarbons, nitrogen oxides, and sulfur oxides into water vapor and carbon dioxide that can be released into the atmosphere.

The rising demand for emission control systems from the global oil and gas sector, the automotive industry, the marine industry, and the manufacturing sector is responsible for the market's expansion. Throughout the anticipated period, the electrostatic precipitator segment is anticipated to dominate the global market for emission control systems. The capacity of this market segment to filter out a particulate matter (PM) and other pollutants from exhaust gases released by numerous industries, including the oil and gas, automotive, marine, and manufacturing sectors, may be linked to its expansion. Due to brisk worldwide commerce, cruise tourism and cargo transportation have seen significant increases in popularity during the past ten years. As a result, several governments throughout the world have carried out significant environmental impact reduction efforts. For instance, the International Maritime Organization (IMO) of the United Nations wants to reduce emissions from oceangoing vessels by 50% by 2050.

COVID-19 Impact: COVID-19 Lockdowns Hindered The Market Growth

In order to prevent COVID-19's rapid spread after its 2020 outbreak, governments all over the world were forced to enact stringent social isolation policies and block their borders. Yet, these measures had a significant impact on the world economy since businesses all over the world were compelled to shut down or scale back operations, which disrupted the supply chain and hurt a number of different industries. Additionally, the second wave of COVID-19, which further disrupted the industry, was seen in 2021 in a number of important economies, including the United States, India, and Brazil. Yet, it is anticipated that once trade operations resume, demand on the market would continue to expand steadily during the ensuing years. While evaluating the present and prospective market sizes and growth patterns for all the regions and countries, the effect of COVID-19 on the market demand is taken into account.

Latest Trends

"Industrial Development In Developing Markets Fuel The Market Growth"

China and India are the main drivers of industrial expansion in emerging nations. Several industrial firms from affluent nations have relocated to these low-cost nations as a result of globalisation. The emergence of regional industrial firms boosts demand for pollution control systems. Environmental rules are also being focused on creating cleaner working conditions and lowering environmental pollution in emerging nations as industrialisation increases.

Emission Control Systems Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Electrostatic Precipitator, Absorber, Catalytic Reactor, and Catalytic Convertor. Electrostatic Precipitator is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Oil & Gas industry, Automotive, Marine, Manufacturing. Oil & Gas industry will be the dominating segment.

Driving Factors

"Strict Emissions Rules Leading Market Expansion"

The industrial emission standards have an impact on the market for industrial emission control systems. These criteria must mostly be followed by industrial sectors including refineries, power plants, chemical and petrochemical sectors, mining & metals industries, or else they risk receiving hefty penalties that would negatively affect their operations and profitability. These laws are having a significant impact now, and it is anticipated that they will continue to have a negative influence on market adoption and relative growth.

Cement Industry Development: The manufacturing of cement and lime are important end-user sectors for industrial emission control systems. The most dangerous pollutants, including carbon dioxide, particulate matter, NOx, and SOx, are produced by these businesses and have a negative influence on the environment, increasing the risk of workplace accidents and harming crops, plants, and buildings. Regarding air pollution standards and the discharge of dangerous pollutants, the cement sector is likewise subject to strict regulations. The potential growth for industrial emission control systems is increased by the expansion of the cement sector as a result of infrastructural development.

"Rising MGO Usage In Maritime Applications Propel the Market Expansion"

By 2032, the MGO fuel segment's revenue from the marine emission control systems market is anticipated to be over USD 4 billion. Due to its excellent compatibility with diesel engines, improved efficiency across a variety of marine engines, and ease of supply, MGO (marine gas oil) is in great demand. Also, a number of countries throughout the world have passed rigorous regulations, which encourages boat operators to install pollution control systems. Also, the sector will advance due to substantial innovation and improvements in the field of producing sustainable fuel for maritime applications.

Restraining Factors

"Growing Usage Of Low-Carbon Fuels Might Reduce Demand For Goods"

The market forecast for marine emission control systems may be somewhat constrained by the paradigm shift towards clean fuel alternatives and zero-emission energy systems for maritime applications. Moreover, the high installation costs for marine emission control systems and the growing government involvement in the use of low-carbon fuels might hinder corporate growth. For instance, the IEA estimates that in the Net Zero Scenario by 2030, 15% of the world's energy consumption will be met by low-carbon fuels. The adoption of innovative emission control technology will, however, be fueled by the rising volume of maritime trade operations and the beneficial replacement and retrofitting services for marine vessels, giving the industry a competitive advantage.

Emission Control Systems Market Regional Insights

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"Product demand will increase due to growing marine traffic throughout the APAC region"

Until 2032, the market for marine emission control systems in the Asia Pacific is projected to increase at a pace of close to 7%. With rising cargo transportation and maritime trade between nations like China, Japan, and India, the region is anticipated to become a key hub for marine emission reduction technology. For instance, according to data from Invest India, 70% of India's trade in terms of value is carried out by sea transit. Due to the existence of the largest ship-breaking facility in the world as of 2021, India controls a 30% share of the global shipbreaking business. Several governments in APAC have been prompted by the expansion of marine transportation and shipping operations to contemplate rigorous emission control rules, which has increased the need for emission control systems. With a revenue share of over 40.0% in the worldwide market in 2019, the Asia Pacific region led the way. During the next five years, it is expected to experience tremendous growth. This is caused by accelerating urbanisation, rising industrialisation, and rising energy consumption from emerging markets like China and India. Additionally, during the course of the forecast period, the expansion of the regional market is anticipated to be driven by strict government laws regarding carbon emissions.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Woodward (U.S.)
• CECO Environmental (U.S.)
• Anguil Environmental Systems (U.S.)
• Air Clear (U.S.)
• Catalytic Products (U.S.)
• Epcon Industrial Systems (U.S.)
• Verantis Environmental Solutions (Singapore)
• PCME
• Calgon Carbon (U.S.)
• Faurecia Clean Mobility (India)
• Haldor Topsoe
• GEA Group (Germany)
• Babcock & Wilcox Enterprises (U.S.)
• Clean Diesel Technologies (U.S.)
• Bosal (Belgiam)
• General Electric (U.S.)
• Mitsubishi Hitachi Power Systems (Japan)
• Fujian Longking (China)
• Johnson Matthey (U.K.)
• Ducon Technologies (U.S.)
• Babcock & Wilcox (U.S.)
• AMEC Foster Wheeler (U.K.)
• Hamon
• Thermax (India)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.