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Asia Pacific Industrial Emission Control Systems Market Size

  • Report ID: GMI5849
  • Published Date: May 2023
  • Report Format: PDF

Asia Pacific Industrial Emission Control Systems Market Size

Asia Pacific Industrial Emission Control Systems market size was valued over USD 22.9 billion in 2023 and is set to grow at a rate of over 6.5% between 2024 and 2032. The Asia Pacific region has been witnessing the implementation of stricter environmental regulations aimed at reducing industrial emissions. Governments are imposing emission limits and encouraging industries to adopt advanced emission control systems to minimize their environmental impact.

 

The region is witnessing rapid industrialization and economic growth owing to burgeoning population. As industries expand and manufacturing activities increase, there is a greater need for effective emission control systems to comply with environmental standards and maintain sustainability. In addition, various countries in the region including India, China, Bangladesh, Indonesia, among others are grappling with air pollution issues. For instance, as per World Population Review statistics, India has surpassed China with population over 1.42 billion as of April 2023. This has resulted in an increased focus on improving air quality, leading to the adoption of emission control systems in various industries such as power generation, manufacturing, oil and gas, and chemicals.

 

Growing awareness coupled with corporate social responsibility catering environmental issues and the importance of sustainable practices has been rising among both consumers and corporations. Major companies are embracing emission control technologies to demonstrate their commitment to environmental responsibility and meet the expectations of socially conscious consumers. In addition, continuous advancements in emission control technologies have made them more efficient, cost-effective, and adaptable to different industrial processes. Innovations such as electrostatic precipitators, fabric filters, selective catalytic reduction (SCR), and gas scrubbers are being widely adopted across industries in the Asia Pacific region.

 

In the recent years, several countries have implemented new and innovative technologies with an aim toward reducing their emission levels. For instance, China has implemented ammonia-based scrubbers or FGD systems instead of using lime as a chemical reagent across 150 chemical, steel and power generation plants. The installation of new systems was aimed toward addressing limitations associated with solid and liquid waste generation and handling across lime-based units. Implementation of stringent emission norms along with the rapid rate of industrialization across developing economies is set to drive the installation of emission control systems. In addition, the high costs associated with the installation of complex emission control technologies across the industrial sector has shifted the focus toward adoption of low cost and innovative solutions, thereby boosting the deployment of the systems.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Asia Pacific industrial emission control systems industry share was over USD 22.9 billion in 2023 and will record over 6.5% CAGR from 2024-2032, due to the growing implementation of stricter environmental regulations for reducing industrial emissions.

Industrial emission control systems market size in Asia Pacific from the chemical & petrochemical industry segment will expand significantly through 2032 driven by the rising emphasis on reducing pollution levels and scaling expenditures on expanding refining capacity.

APAC industrial emission control systems market from the scrubber system segment will gain traction through 2032 owing to the rising need for ships to continue operating while reducing their environmental impact.

S.A. HAMON, MITSUBISHI HEAVY INDUSTRIES, LTD., CECO ENVIRONMENTAL, General Electric, Babcock & Wilcox Enterprises, Inc., Thermax Limited, DÜRR Group, John Wood Group PLC, and Fujian Longking Co., Ltd., are some prominent APAC industrial emission control systems business players.

Asia Pacific Industrial Emission Control Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 153
  • Countries covered: 7
  • Pages: 160
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