North America Industrial Emission Control Systems Market Analysis
The scrubbers system is set to observe gains at nearly 5% up to 2032. The increasing relevance of these solutions, particularly in sectors such as steel plants, cement manufacturing, and power generation, combined with ongoing technological advancements and the revitalization of existing projects, is set to drive up the demand for these products.
- The evolving focus of leading players in various industrial sectors on managing explosive oil mists and embracing improved dust collection systems is poised to expedite industry growth.
- Continuous advancements in design and efficiency by these key players have significantly increased product adoption.
- Factors including increased consumer purchasing power, rigorous regulatory requirements, and ongoing investments in expanding chemical production facilities are expected to spur demand for industrial emission control systems in the foreseeable future.
- The global surge in chemical demand, coupled with the strengthening of emission standards, further contributes to the North America industrial emission control systems market.
The petrochemical industry is likely to observe around 5.8% CAGR from 2023 to 2032. The installation of scrubbers and electrostatic precipitators (ESPs) within the petrochemical sector has experienced significant expansion. This growth is attributed to the heightened focus on reducing emissions and increased investments in expanding refining capacities. In addition, the introduction of progressively stringent regulations aimed at lowering greenhouse gas emissions throughout the oil and gas value chain, including refining and petrochemical production, is expected to drive the upgrading or replacement of existing emission control systems.
- Mining operations are known to cause environmental disruptions, with a range of pollutants released during the ore extraction process.
- The expansion of mining activities, coupled with stringent government regulations pertaining to emissions, is expected to drive the adoption of these systems.
- In 2006, final regulations were enacted, amending emission standards for integrated steel and iron manufacturing facilities. These final standards also establish emission constraints for Hazardous Air Pollutants (HAPs) originating from blast furnaces, sinter plants, and Basic Oxygen Process Furnaces (BOPFs).
- Growing concentration of such emissions across the atmosphere will create serious issues to human health. As per the IEA, the direct CO2 emissions from industries including chemical, petrochemical, cement, and iron & steel have reached 36.3 Gt in 2021, their highest ever annual level from 7.5 Gt in 2009.
The U.S. industrial emission control system market is estimated to attain about 5.5% growth rate till 2032, influenced by evolving regulations, technology advancements, and changing industry dynamics. In addition, the U.S. has been implementing and enforcing stringent environmental regulations to reduce air pollution, greenhouse gas emissions, and other harmful pollutants. This has driven industries to adopt advanced emission control technologies.
- The country has been experiencing a shift towards cleaner energy sources, such as natural gas and renewables. This transition has influenced the adoption of emission control systems in power generation and industrial processes.
- Ongoing technological innovations have led to the development of more efficient and cost-effective emission control systems. Advanced solutions like selective catalytic reduction (SCR) and selective non-catalytic reduction (SNCR) are increasingly used.
- Emission control systems are no longer confined to specific industries. Sectors like manufacturing, oil and gas, and commercial buildings are increasingly adopting these technologies.
- Efforts to reduce carbon emissions have increased interest in CCS technologies, including carbon capture and storage. CCS is a key focus in industries such as power generation.
- The U.S. Environmental Protection Agency (EPA) and other regulatory agencies require real-time emission monitoring and reporting. Companies are investing in systems that help meet these requirements.