Home > Energy & Power > Emerging Energy Technologies > Environmental Control Solutions > Chemical & Petrochemical IECS Market

Chemical & Petrochemical IECS Market Size

Report ID: GMI10187
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Chemical & Petrochemical IECS Market Size

Chemical & Petrochemical IECS Market was valued at USD 9 billion in 2023 and will grow at a CAGR of over 6.3% from 2024 to 2032. The chemical and petrochemical industrial emission control system market is evolving rapidly, driven by regulatory pressures, technological advancements, and a growing focus on sustainability. Companies in this market are investing in advanced technologies, digital solutions, and R&D to meet stringent emission standards and enhance their environmental performance.

Chemical & Petrochemical IECS Market

To get key market trends

Download Free Sample

Growing public awareness and advocacy for environmental protection are influencing corporate strategies and government policies. NGOs, environmental groups, and the general public are increasingly demanding stricter emission controls and greater transparency. This heightened awareness is driving companies to adopt advanced emission control technologies and practices, thereby enhancing their social license to operate.

Chemical & Petrochemical IECS Market Report Attributes
Report Attribute	Details
Base Year:	2023
Chemical & Petrochemical IECS Market Size in 2023:	USD 9 Billion
Forecast Period:	2024-2032
Forecast Period 2024-2032 CAGR:	6.3%
2032 Value Projection:	USD 15.7 Billion
Historical Data for:	2021-2023
No. of Pages:	100
Tables, Charts & Figures:	15
Segments covered:	System & Region
Growth Drivers:	Regulatory compliance driving demand Rising sustainability and Corporate Social Responsibility (CSR)
Pitfalls & Challenges:	High setup & investment costs

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of chemical & petrochemical IECS was reached USD 9 billion in 2023 and is anticipated to register 6.3% CAGR between 2024 and 2032, driven by regulatory compliance along with rising sustainability and corporate social responsibility.

The electrostatic precipitators segment in the chemical & petrochemical IECS market is predicted to record 6.4% CAGR through 2032, due to innovations in heat recovery, advanced materials, and system design for enhancing energy efficiency, sustainability, and profitability of emission control solutions.

Asia Pacific chemical & petrochemical IECS market is projected to reach USD 5.2 billion by 2032 due to the rapid industrialization and economic growth in emerging markets.

APC Technologies, Inc., Babcock & Wilcox Enterprises, Inc., BASF SE, CECO ENVIRONMENTAL, DÜRR Group, FLD Smidth, Fujian Longking Co., Ltd., Fuel Tech Inc., GEA Group, and General Electric, among others.