Description:
Industrial Emission Control Systems are devices that monitor and diminish the release of harmful products produced during combustion and other emission processes, which leads to environmental pollution. Industrial segments such as power generation, cement, mining & metals, chemical industries, and others utilize these systems to convert hazardous air contaminants, such as unburned hydrocarbons, carbon monoxide, nitrogen oxides, and sulfur oxides, into water vapor and carbon dioxide, which can be safely released into the atmosphere. Regulatory agencies globally have placed stringent limitations on acceptable emission levels, which need to be complied by industries or face the prospects of substantial fines, which may lead to shutdown of their operations. Companies globally are using these advanced emission control technologies to remain compliant and competitive in the market.
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The global market for industrial emission control systems is driven by the stringent emission regulations, growth in the cement and coal power industries and increase in industrialization in developing countries. The growth in coal power sector in developing countries, such as India and China, also drives the market as the industry growth accounts for increased demand for emission control systems.
Factors that restrict the market growth are rise in use of alternate sources for power generation and reduction in investments in coal power from developed countries such as U. S., Germany, and other European countries. Countries in these regions are investing in alternate power sources such as wind, solar, and hydroelectric projects that generate minimal emissions, which further minimizes the use of these systems.
The global market is segmented based on equipment type, emission source, and geography.
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Based on equipment type, it is categorized into electrostatic precipitators, fabric filters, catalytic reactors, scrubbers, thermal oxidizers, cyclones, and others( biofilters, carbon adsorbers). Electrostatic precipitators occupied the highest share in the market. They are applicable in power plants, paper mills, smelters, cement plants, and petroleum refineries. High adoption of these equipment is due to their capability to operate at over 99 % efficiency, low operating costs, and ability to handle large gas flow rates.
Based on emission source, the market is segmented into power generation, chemical, cement, mining & metals, pulp & paper, manufacturing, and others. Power generation was the most dominant end-user segment for emission control systems in 2015 and is expected to maintain its dominance over the forecast period. The mining & metal processing segment is expected to be the fastest growing segment among different emission sources. The
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