NEW YORK, September 19, 2023 /PRNewswire/ — The emissions control technology market the size should increase by $39.09 billion from 2022 to 2027, progressing at a rate CAGR of 7.14% according to the latest Technavio market research report. The report has been segmented by end user (automotive, marine, aerospace, off-road and rolling stock), type (gasoline and diesel) and geography (North America, EuropeAsia Pacific, South AmericaAnd Middle East And Africa). Increasing greenhouse gas emissions from industries are notably driving the growth of the global emissions control technologies market. The main source of air pollution comes from greenhouse gas emissions, mainly due to the widespread use of fossil fuels in various industries. Factories contribute significantly to the release of carbon dioxide CO2, a particularly harmful greenhouse gas. Additionally, manufacturing plants release ozone, leading to the formation of smog and ground-level ozone problems, which have serious consequences for public health. It is worth noting that industrial production is increasing globally, particularly in energy-intensive sectors. In addition, coal remains the main source of energy for industrial electricity production. As a result, greenhouse gas emissions have increased alongside industrial growth. To combat this trend, many industries are adopting emission control technologies to reduce their greenhouse gas emissions, which, in turn, is expected to boost the market growth during the forecast period. Discover information about the market size before purchasing the full report. Download the FREE sample report
Technavio announced its latest market research report titled Global Emission Control Technologies Market 2023-2027
Emission Control Technologies Market: Segment Overview
This market research report segments the emissions control technologies market by end user (automotive, marine, aerospace, off-road and rolling stock), type (gasoline and diesel), and geography (North America, EuropeAsia Pacific, South AmericaAnd Middle East And Africa).
- The automotive industry is expected to witness significant growth during the forecast period. Governments around the world have implemented strict emissions limits in response to environmental concerns. Car manufacturers are required to comply with these regulations and reduce emissions from their vehicles. This has led to an increased need for emissions control technologies to ensure compliance and avoid potential penalties. Emissions control technology allows vehicles to operate with reduced emissions, which aligns with the goals of sustainable transportation and environmentally friendly mobility. Furthermore, increasing consumer awareness and preference for eco-friendly vehicles have strengthened the demand for emission control technologies. As consumers become increasingly concerned about the environmental impact of vehicles, they are opting for vehicles equipped with advanced emissions control systems. Therefore, increasing global focus on regulatory compliance and demand for sustainable transportation will propel the market growth during the forecast period.
Geographic overview:
- North America is estimated to contribute 33% to the growth of the global market during the forecast period. For now, get a preview of the full report Download the FREE sample
Recent trends influencing market growth
The proliferation of European emission standards is an emerging trend shaping the growth of the global emissions control technology market.
Major challenges hindering market growth
The growing demand for electric vehicles poses a significant challenge hindering the growth of the global emission control technology market.
The driving factors, trends and challenges are the factor of market dynamics that indicate the consequences and sustainability of the businesses. Learn more from a FREE sample report!
What are the key data covered in the Emission Control Technology Market Reports:
- Historical market size
- Company Landscape and Analysis including Airex Industries Inc., American Air Filter Co. Inc., Andritz AG, Babcock and Wilcox Enterprises Inc., BASF SE, Camfil AB, Donaldson Co. Inc., Doosan Lentjes GmbH, DuPont de Nemours Inc., FLSmidth and Co. AS, Fujian Longking Co. Ltd., GEA Group AG, General Electric Co., Hamon SA, Mitsubishi Heavy Industries Ltd., Parker Hannifin Corp., PAS Solutions BV, Sumitomo Heavy Industries Ltd., Thermox Ltd., and John Wood Group PLC
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Emission Control Technology Market Scope |
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Report cover |
Details |
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Year of reference |
2022 |
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Historical period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth dynamics and CAGR |
Accelerate at a CAGR of 7.14% |
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Market Growth 2023-2027 |
$39.09 billion |
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Market structure |
Fragmented |
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Annual growth 2022-2023 (%) |
6.88 |
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Regional analysis |
North America, Europe, APAC, South America, Middle East and Africa |
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Effective contribution to the market |
North America at 33% |
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Key countries |
United States, China, Japan, Germany and United Kingdom |
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Competitive landscape |
Key Vendors, Vendor Market Positioning, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Airex Industries Inc., American Air Filter Co. Inc., Andritz AG, Babcock and Wilcox Enterprises Inc., BASF SE, Camfil AB, Donaldson Co. Inc., Doosan Lentjes GmbH, DuPont de Nemours Inc., FLSmidth and Co. AS , Fujian Longking Co. Ltd., GEA Group AG, General Electric Co., Hamon SA, Mitsubishi Heavy Industries Ltd., Parker Hannifin Corp., PAS Solutions BV, Sumitomo Heavy Industries Ltd., Thermax Ltd. and John Wood Group PLC |
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Market dynamics |
Parent market analysis, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, analysis of COVID-19 impact and recovery and future consumer dynamics, and analysis of the market status for the forecast period. |
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Customization Competence |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Contents
1. Summary
2 Market Landscape
3 Market sizing
4 Historical market size
5 Analysis of the five forces
6 Market Segmentation by End User
7 Market Segmentation by Type
8 Customer landscape
9 Geographic landscape
10 drivers, challenges and trends
11 Supplier landscape
12 Vendor Analysis
13 Appendix
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