Infinium Global Research Industrial Emission Control Systems Market | страница 3

Industrial Emission Control Systems Market: Trends and Forecast -2024
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.
Segment Covered
The report on global industrial emission control systems market covers segments
such as, emission source and device type. On the basis