NEW YORK, Sept. 19, 2023 /PRNewswire/ — The emission control technology market size is expected to grow by USD 39.09 billion from 2022 to 2027, progressing at a CAGR of 7.14% as per the latest Technavio market research report. The report has been segmented by end-user (Automotive, Marine, Aerospace, Off-highway, and Rolling stock), type (Gasoline and Diesel), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Growing greenhouse gas emissions from industries are notably driving the growth of the global emission control technology market. The predominant source of air pollution stems from the emission of greenhouse gases, primarily due to the widespread use of fossil fuels across various industries. Factories are major contributors to the release of carbon dioxide CO2, a particularly detrimental greenhouse gas. Additionally, manufacturing plants release ozone, leading to the formation of smog and ground-level ozone issues, which have severe implications for public health. Notably, industrial production is on the rise globally, especially in energy-intensive sectors. Furthermore, coal remains the dominant energy source for industrial power generation. Consequently, greenhouse gas emissions have surged in tandem with industrial growth. To combat this trend, many industries are adopting emission control technologies to curb their greenhouse gas emissions, which, in turn, is expected to drive market growth during the forecast period. Discover insights on market size before buying the full report- Download the FREE sample report
Emission Control Technology Market: Segment Overview
This market research report segments the emission control technology market by end-user (Automotive, Marine, Aerospace, Off-highway, and Rolling stock), type (Gasoline and Diesel), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
- The automotive segment is estimated to witness significant growth during the forecast period. Governments worldwide have implemented stringent emission limits in response to environmental concerns. Automotive manufacturers are compelled to adhere to these regulations and reduce their vehicles’ emissions output. This has led to an increased need for emissions control technology to ensure compliance and evade potential penalties. Emission control technology enables vehicles to operate with reduced emissions, aligning with the objectives of sustainable transportation and environmentally conscious mobility. Furthermore, the rising awareness among consumers and their preference for environmentally friendly vehicles have bolstered the demand for emissions control technology. As consumers become more concerned about the environmental impact of vehicles, they are opting for vehicles equipped with advanced emission control systems. Consequently, the growing global emphasis on regulatory compliance and the demand for sustainable transportation will propel the market’s growth during the forecast period.
Geography Overview:
- North America is estimated to contribute 33% to the growth of the global market during the forecast period. For now, get a snapshot of the comprehensive report Download the FREE Sample
Recent trends influencing the market growth
The proliferation of Euro emission standards is an emerging trend shaping the growth of the global emission control technology market.
Major challenges hindering the market growth
The rising demand for electric vehicles is a significant challenge impeding the growth of the global emission control technology market.
What are the key data covered in the Emission Control Technology Market reports:
- Historic 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 S.A., 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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Emission Control Technology Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.14% |
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Market growth 2023-2027 |
USD 39.09 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
6.88 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 33% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, 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 S.A., 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, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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