USD 6.53 billion
Report ID:
SQMIG20I2167 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
80
Odor Control System Market size was valued at USD 6.94 Billion in 2023 and is poised to grow from USD 7.38 Billion in 2024 to USD 12.03 Billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).
Odor control systems are devices that can reduce and manage bad smells which usually result from various industrial activities. This includes wastewater treatment, agricultural operations, and landfills. The global market of odor control systems has gone through a period of massive growth in recent times. This is due to the need for enhancing the quality of life in urban and industrial areas, which has been supported by environmental regulations around odor emissions, and the need to improve the quality of life in both urban and industrial settings.
The world is seeing an expansion in the industrial sector and increasing shifts to urban areas. These developments have widely impacted market growth. As more countries add more urban areas and industrial plants, the emission of odors becomes a growing concern. Odor control systems lowers these emissions and their impact on the environment and public health. This has led to their widespread adoption, resulting in market expansion.
Global regulatory bodies and governments have realized the significance of the necessary control of odorous emissions. This is a result of environmental and public health concerns gaining more awareness. Environmental standards have been put in place to reduce odor emissions. This has pushed municipalities and industries to make huge investments towards effective odor control solutions.
Additionally, the improvements in the technological field have also driven market growth. These advancements have helped in producing more cost-friendly and efficient odor control systems. The market has also benefited from innovations. These include the introduction of activated carbon filters, biological treatment techniques, and chemical scrubbers. These have improved the product performance and lowered the need for maintenance thus diminishing operational costs.
Global Market Size
USD 6.53 billion
Largest Segment
Activated Carbon Odor Control System
Fastest Growth
Biological Odor Control System
Growth Rate
6.3% CAGR
To get more reports on the above market click here to Buy The Report
The end-users of the market are industries like Chemical & PetroChemical, Mining & Metal, Cement, Power & Energy. The market is divided into the following regions: Europe, Asia Pacific, North America, Middle East and Africa, and Latin America. Activated Carbon Odor Control System, Chemical Odor Control System, and Biological Odor Control System make up the types of market product.
Analysis By System Type
Activated Carbon Odor Control Systems lead the market. They are extensively adopted in various industrial processes and wastewater treatment plants. This is because they are exceptionally efficient in adsorbing and eliminating different odors. These include hydrogen sulfide (H2S), and volatile organic compounds (VOCs), among other substances. Their effectiveness and versatility have made them the favored choice for odor removal, cementing its dominance in the market.
Biological Odor Control Systems, however, have gained much ground quickly. These systems use bacteria and other microorganisms to naturally break down and remove odor-causing compounds. Their popularity is a result of its ecologically sound solution to odor control. As environmental regulations related to odor emissions become stricter, more industries are implementing these systems to reduce their carbon footprint to guarantee compliance and remove odors. These systems are also more affordable on a long-term basis since they need little maintenance in comparison to other methods, thus reducing operational costs.
Analysis By End User
The Power & Energy industries have been leading the odor control system market for a while now. Their supremacy is a result of multiple factors. One of them is the rigid environmental regulatory framework that is implemented upon the industry. Power and energy facilities usually create potently pungent odors from their operations. This can result in regulatory problems and community complaints. To address their problem, they need effective odor control systems to guarantee that they are on good terms with nearby residential settings and to adhere to the strict environmental standards.
Chemical & Petrochemical industries have been seeing a surge in the demand for odor control systems. This segment has become the fastest-growing end-user due to the global expansion of these sectors. These industries emit pungent smells during production. These odors can potentially cause environmental and health risks. In adherence with environmental regulations, these industries are widely adopting the market product to eliminate these smells. Odor control systems can effectively trap and clear odorous emissions. The continuous growth of these industries has surged market demand, earning this segment’s title in the market.
To get detailed analysis on other segments, Request For Free Sample Report
Among the various regions of the market, North America holds the largest share. The US has largely contributed to the regional market due to its large presence of industrial and municipal wastewater treatment plants. The region's supremacy in the market is owed to a number of reasons. They include rapid industrialization, strict regulations to improve environmental health, and a thriving wastewater treatment industry. The need for odor control systems in North America has surged. This is due to its strict environmental regulation compliance to improve residential standard of living.
Amidst all the market regions, Asia-Pacific has emerged as one of the fastest-growing segments in the market for odor control systems. There has been a surge in the requirement for effective odor control solutions due to a rise in wastewater generation. This has been caused by the growing urbanization, industrial expansion, and higher population. China and India have seen a heightened increase in industrial activities where the market product is vital to align with environmental and public health requirements. Environmental concerns have been a regional focus in recent times. This has led to several industries using odor control systems. They include food processing, petrochemicals, and wastewater treatment.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Urbanization and Industrialization:
Environmental Concerns and Regulatory Compliance:
Restraints
Technological Challenges:
High Initial Costs:
Request Free Customization of this report to help us to meet your business objectives.
The global market of odor control systems is defined by its competitive environment. The terrain of the market is made up of a wide range of market participants all vying for market dominance. Well-established companies include Veolia Environnement S.A., Ecolab Inc., and DuPont de Nemours, Inc. The market also houses specialized firms like Munters Group AB, OMI Industries, and Calgon Carbon Corporation.
These players have a lot of strategies in place to retain their position in the market. These tactics include expansion of global reach and product range via collaborations with other market participants. The success of these companies comes from their commitment to technological innovation. These companies are creating advanced odor control solutions to fulfill the changing requirements of several industries. They include agricultural, manufacturing, and wastewater treatment.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Based on our analysis, the global odor control system market has recently experienced a significant growth period. This is owed to the rising awareness of public health and environmental concerns in the context of bad smells. Odor control devices are used to reduce and remove smelly odors that are the norm in industrial processes. These processes include landfills and wastewater treatment facilities, among others.
The rapid growth of industries and the increasing shifts to urban areas has surged the emission levels of these smells. Industries are using the market's product to control these odors in compliance with community expectations and rigid environmental requirements. The wastewater treatment has largely contributed to the market for odor control systems. The growth in global population and urbanization has been consistent fueling the need for the market’s products in sewage and wastewater treatment plants. This in turn lowers the rate of odor-related issues and pollution.
The advancements in the technological field has also influenced this industry. These developments have brought activated carbon filters, biofilters, and chemical scrubbers to the market. These advanced filtration technologies have boosted efficiency and affordability of odor control systems. Organizations looking for energy-efficient green odor control solutions are thus turning to this market.
When it comes to market regions, North America is at the top of the market. This is because of its commitment to the compliance of strict regulations. The APAC region has gained traction, its densely populated areas with mass industries fueling regional market growth. Though the market has enjoyed a period of expansion, there are certain issues that can deter this movement. These include high costs in capital and upkeep. Still, the global market of odor control systems is predicted to stay on course and continue growing due to environmental and public health worries.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.53 billion |
Market size value in 2031 | USD 11.32 billion |
Growth Rate | 6.3% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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 Odor Control System 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 Odor Control System 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 Odor Control System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Odor Control System 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20I2167
sales@skyquestt.com
USA +1 351-333-4748