Industrial Emission Control Systems Market to Reach $21,133 Million by 2022, Globally-Allied Market Research

PORTLAND, Oregon, October 20, 2016 /PRNewswire/ --

A new report published by Allied Market Research, titled, "Industrial Emission Control Systems Market: Global Opportunity Analysis and Industry Forecast, 2014-2022," projects that the global industrial emission control systems market is expected to reach $21,133 million by 2022. Electrostatic precipitators (ESP) are estimated to dominate the market from 2015 to 2022. Asia-Pacific led the market, accounting for around 40% of the global market in 2015.

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Summary of the Industrial Emission Control Systems Market Report can be accessed on the website at https://www.alliedmarketresearch.com/industrial-emission-control-systems-market 

Emission control systems are devices that monitor and diminish the hazardous products, which are released into the atmosphere by combustion and other emission processes in the industrial environment. Emission sources such as power plants, cement, mining & metals, and chemical industries utilize these equipment to convert such air contaminants into water vapor and carbon dioxide, which can be safely released into the atmosphere. The global market for industrial emission control systems is driven by the stringent environmental regulation standards, rapid industrialization, growth in coal power industry in developing countries and cement industry, and adoption of stringent mercury emission regulations. However, the market growth is limited by the increase in use of alternate fuels for power generation and decrease in investment in coal power sector from developed countries such as the U.S. and other European countries.

The global market based on equipment type is segmented into electrostatic precipitators (ESPs), fabric filters, scrubbers, cyclone separators, thermal oxidizers, catalytic reactors, and others. Among these, ESPs dominated of the market with around 34.3% share. High adoption rate of these equipment is due to their low operating costs, high efficiencies, and temperature flexibility. The market for ESPs is projected to grow at a CAGR of 8.2% over the forecast period.

Based on the emission source type, it is divided into power generation, chemical, cement, mining & metals, pulp & paper, manufacturing, and others. Power generation was estimated to be the most dominant emission source, and may retain its lead in the future. Coal-fired power plants have the highest pollutant emission rates among all the industrial sources. These plants release harmful air pollutants such as sulphur dioxide (SO₂), nitrogen oxides (NO_X), particulate matter, and others, which are being controlled by use of advance emission control technologies. The growth in the market for power generation segment is driven by installation of new power plants and retrofit activities in existing plants.