USD 33.8 Billion
Report ID:
SQMIG20L2049 |
Region:
Global |
Published Date: July, 2024
Pages:
165
|Tables:
69
|Figures:
75
Gas Cleaning Technologies Market size was valued at USD 36.3 Billion in 2023 and is poised to grow from USD 37.96 Billion in 2024 to USD 54.48 Billion by 2032, growing at a CAGR of 4.56% during the forecast period (2025-2032).
Gas cleaning technologies market seems the significant growth in the coming future. The increase in industrialization in most countries has led to the increased worries on the level of air pollution, thus, governments have tightened the measures on gas emissions from industries. The new rules are expected to introduce steps relating to the gas emissions and their effect on the environment, thus prompting the need for the strategies that will address the gas cleaning. The rises in the ambient air levels, the consequent environment and health issues necessitates the promotion of the efficiency of the gas cleaning technologies which will be crucial in meeting the environmental standards. Producers are experiencing a great deal of freedom in choosing the plant options, but that entails gas cleaning technology which addresses multiple emission sources and necessary air quality standards in environmental legislation.
Urbanization and industrialization are still gradually developing all over the world and consequently increase the level of air pollution. The global population living in metropolitan areas is projected to grow significantly, which may in turn subsequently boost the necessity for gas purification technologies to mitigate industrial emissions and metropolitan pollution. With high throughput in a processing plant, there will be high emission rates, and therefore, needs to have effective gas cleaning technologies for compliance with set standards and to manage the effects on the environment.
As people have become more concerned about the health impacts arising from the pollution of the air, industries have had to reduce their emission rates. These technologies for gas cleaning have their major uses in controlling pollution through releasing of noxious gases into the atmosphere. The norms of air quality are expected to be defined by the regulatory bodies such as US EPA and EU Clean Air Act due to the high implementation of strict standards. Thus, emphasis on these technologies that meet such rules and standards is expected to fuel market growth. Key players of the market are also spending funds on research aimed at compliance and developing solutions that lower the real level of emissions and pollutants.
Global Market Size
USD 33.8 Billion
Largest Segment
Product
Fastest Growth
Product
Growth Rate
USD 33.8 Billion
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The Global Gas Cleaning Technologies Market is segmented into Product, End User, and region. Based on Product, the market is segmented into Scrubbers, Dry Sorbent Injection, Particulate/Dust Collection, Mist, Aerosols, & Fine Particulates, and Others. Based on End User, the market is segmented into Chemical, Power Generation, Refinery & Petrochemical, Mining, and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis By Product
Based on SkyQuest’s in-depth analysis, we found that the scrubber segment has dominated the market in 2023 by holding around 43.2% share of the total revenue and is expected to continue to grow with CAGR of 4.9% in the projected years. Scrubbers stand out as the dominating segment in the gas cleaning technology market due to their unparalleled efficiency in removing a wide range of pollutants from gas streams. The scrubber technology drives gas cleaning technology by continuously refining efficiency and environmental impact. With advancements in scrubber technology driving improvements in energy efficiency and cost-effectiveness, scrubbers continue to maintain their dominance in the gas cleaning technology market as the preferred solution for industries prioritizing pollutant removal and environmental stewardship. The rising adoption of scrubbers in power generation plants is anticipated to push the fuel gas cleaning technologies market growth over the upcoming years.
On the other hand, the particulate/dust collection segment witnessed the fastest-growing rate in the gas cleaning technology market by holding 29.9% share of the market. The growing awareness of air quality problems and the increasing pressure of regulations for the reduction of particulate emissions have pushed forward the inclusion of technologically developed advanced particulate collection systems by industries operating within all market sectors. The emission of particulates constitutes a great health and environmental hazard, necessitating proper dust collection to ensure adherence to strict emission standards. Besides, there has been a surge in demand for efficient solutions on account of the rapid pace of industrialization and urbanization worldwide, a factor that has resulted in a rise in dust-generating activities.
Analysis By End-User
By end user segment, the chemical sub-segment dominates the gas cleaning technology market and is expected to continue with a CAGR of 4.6% during the forecast period. Growing demand for advanced gas cleaning technologies for the effective and economical maintenance of operational efficiency, along with stringent environmental norms, is a must for companies in the chemical industry to comply. Increasing needs within chemical plants to comply with environmental regulations and maintain operational efficiency are driving the utilization of advanced gas cleaning technologies. The growing focus on sustainable practices and corporate social responsibility further vindicates the due importance of the need for gas cleaning technologies within the chemicals domain, and the sector is expected to continue its domination in the gas cleaning technology market.
On the other hand, the power generation segment is expected to be the most rapidly growing sector with a CAGR of 4.9% during the forecast period in the gas cleaning technology market. Growing energy demand worldwide, along with the shift toward cleaner sources of energy, puts immense pressure on power generation facilities to reduce emissions and enhance environmental performance. Strict regulations for the control of pollutants like sulfur dioxide (SO2), nitrogen oxides (NOx), and particulates from air emissions in power plants further accelerate the demand for gas cleaning technologies. The transition toward cleaner energy sources, like biomass, biogas, and waste-to-energy, creates newer challenges for the management of emissions from combustion processes, thereby accelerating investments in advanced gas cleaning solutions.
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Asia-Pacific emerged as the largest region and held a revenue share of 38.5% in 2023. The market further appears to have the highest growth rate in this region with a CAGR of 5.4%. This dominance is attributed due to the rising levels of air pollution, which is mostly as a result of activities in the agricultural and industrial segments. The rapid industrialization especially in manufacturing hubs such as China and India create high demand for the treatment of the gas mainly because of increasing pollution. This is resulting in the enhancement of the attempts to decrease the volume of air-polluting substances in the adjacent air, with the help of progressive technologies like selective catalytic reduction, wet scrubbers, filtration, and dust collectors, which in turn has a positive influence on the market growth. The increasing energy sector of Asia Pacific and particularly the focus on power generation through coal bears testimony to the necessity of gas cleaning for emissions reduction. In the same regard, high environmental standards as well as growing concerns over the quality of air that is in the atmosphere also enhances the use of superior gas cleaning technologies among the industries.
On the other hand, the gas cleaning technologies market is expected to grow in the Middle East & Africa region at a CAGR of 5% in the projected period. The Middle East and Africa region is expanding its demand for gas cleaning technologies because of the rising rate of industrialization and urbanization that requires improved air purification. This research demonstrates that increasing stringency of environmental rules and legislations for curbing gas emission from the primary industrial segments embracing oil and gas, power generation, and manufacturing is pressurizing industries into implementing sophisticated gas cleaning techniques. Also, the increasing number of infrastructure projects in the region along with increasing awareness among people regarding the adverse effects of air pollution on health is also contributing towards the growth of the efficient gas cleaning market in terms of environmental emission norms.
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Drivers
Growing Industrialization and Urbanization
Growing Awareness About the Health Risks Associated with Air Pollution
Restraints
High initial investment Requires for Implementing of Gas Technologies
The Logistics Hurdles Associated with Gas Cleaning Technology
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The global gas cleaning technologies market is competitive and characterized by the presence of several key players. These players compete based on factors such as product portfolio, technological advancements, pricing strategies, and market reach. The market is driven by continuous research and development (R&D) efforts aimed at introducing innovative techniques and enhancing efficiency. Market players focus on strategic collaborations, partnerships, and mergers and acquisitions to expand their market presence and gain a competitive edge. Additionally, they invest heavily in research and development of new gas cleaning technologies solutions. The market also witnesses intense competition in terms of pricing, as players strive to offer cost-effective solutions without compromising on quality.
Top Players Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the gas cleaning technology market is now growing at a very fast pace due to the following reasons. Considering the product segment, the market is divided into scrubbers, dry sorbent injection, particulate/dust collection, mist, aerosols, fine particulate, and others. Scrubbers turn out to be a prominent segment as they prove to be effective in the elimination of different contaminants in gas flows. The end-use segment comprises of chemical, power generation, refinery & petrochemical, mining as well as others. The chemical industry holds the largest market share because of environmental laws and the requirement of effective gas treatment systems. With regard to the regional market, Asia Pacific is dominating market growth because of industrialization and growing consciousness of the quality of air. However, Europe is the fastest-growing region; with governmental policies and regulation on emissions and environmental impacts. The market includes major players, including Babcock & Wilcox Enterprises, Inc., DuPont, General Electric Company, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., and others. These firms are putting up their capital to come up with new technologies of cleaning the gas to meet the set standards and the environmental requirements.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 33.8 Billion |
Market size value in 2031 | USD 52.1 Billion |
Growth Rate | 4.56% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Gas Cleaning Technologies Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gas Cleaning Technologies Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gas Cleaning Technologies Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gas Cleaning Technologies Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20L2049
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