Dublin, Sept. 15, 2020 (GLOBE NEWSWIRE) -- The "Regenerative Thermal Oxidizer Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; End User" report has been added to ResearchAndMarkets.com's offering.
The regenerative thermal oxidizer (RTO) market was valued at US$ 8.55 billion in 2019 and is projected to reach US$ 11.75 billion by 2027; it is expected to grow at a CAGR of 4.2% from 2020 to 2027.
Air pollution is a critical concern for every government on the globe. Owing to this, the governments worldwide are actively emphasizing on the reduction of air pollution levels. Industrialization is a major cause of air pollution; however, it also benefits the governments in terms of GDP. Thus, they have been imposing stringent rules and norms to fight air pollution without reducing the count of manufacturing units. These rules and regulations set by the governments are boosting the adoption of thermal oxidizers among the industries.
Based on end user, the RTO market is segmented into automotive, chemicals, coating and printing, pharmaceuticals, food & beverages, semiconductor, and others. In 2019, the chemicals segment dominated the market; and it is also anticipated to grow register the fastest CAGR during 2020-2027. The pharmaceuticals industry held the second-largest share of the market in 2019. In 2019, CPI installed an electrically heated catalytic oxidizer to destruct EtO emissions at the Midwest medical product manufacturing company. Again in 2018, the company installed new VECTOR Series Catalytic Oxidizer (CatOx) for the abatement of VOCs at a pharmaceutical product manufacturer in the Western US.
Based on geography, the RTO market has been segmented into North America, Europe, APAC, SAM, and the MEA. Presently, Europe holds the largest share of global market owing to massive presence of manufacturing units of food & beverages, automobiles, aerospace, chemicals, pharmaceuticals, and semiconductor industries in this region. In terms of market share, APAC and North America stood second and third, respectively, in the market in 2019. North America is characterized with the presence of well-developed nations such as US and Canada, which drives the adoption of air pollution control systems. The US is actively focusing on minimizing the emission of airborne pollutants, which is compelling the manufacturers to invest significant amounts towards the adoption of RTO systems.
Impact of COVID-19 Pandemic on Regenerative Thermal Oxidizer (RTO) Market
The ongoing COVID-19 pandemic continues to bring long-terms disruption across several major process as well as discrete industries, including automotive, chemicals, general manufacturing, electrical and electronics, and pharmaceuticals. However, the critical industries such as food & beverages, pharmaceuticals, power generation, and chemicals have noticed limited disruption during the pandemic across different economies owing to their significance in utilities and essential supplies. As a result, the prevalence of nation-wide lockdown to minimize the transmission of virus has significantly disrupted the supply chain activities and the production of components, equipment, controllers, and raw materials of RTO solutions across several manufacturers especially the small & medium enterprise owners. Moreover, the limited production activities, along with disappearing demand from end-user industries, are expected to lower the overall market revenue during 2020, resulting in decline in the market growth in the next few years.
Overall size of the global regenerative thermal oxidizer (RTO) market has been derived in accordance with primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the regenerative thermal oxidizer (RTO) market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the RTO market.
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Key Topics Covered:
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Regenerative Thermal Oxidizer Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East & Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Regenerative Thermal Oxidizer Market - Key Market Dynamics
5.1 Key Market Driver
5.1.1 Increase in Volume of Toxic Substances
5.1.2 Governmental Acts to Boost the Adoption
5.2 Key Market Restraint
5.2.1 Availability of Substitute Products
5.3 Key Market Opportunity
5.3.1 Industries in Developing Countries to Stimulate Demand
5.4 Future Trends
5.4.1 Energy Saving and Cost Reduction Factors to Attract End Users
5.5 Impact Analysis of Drivers and Restraints
6. Regenerative Thermal Oxidizer Market - Global Analysis
6.1 Regenerative Thermal Oxidizer Market Global Overview
6.2 Market Positioning - Five Key Players
7. Regenerative Thermal Oxidizer Market Analysis - By Type
7.1 Overview
7.1.1 Regenerative Thermal Oxidizer Market Breakdown, by Type, 2019 & 2027
7.2 Single Bed
7.2.1 Overview
7.2.2 Single Bed Market Revenue and Forecast to 2027 (US$ Million)
7.3 Double Bed
7.3.1 Overview
7.3.2 Double Bed Market Revenue and Forecast to 2027 (US$ Million)
7.4 Triple Bed
7.4.1 Overview
7.4.2 Triple Bed Market Revenue and Forecast to 2027 (US$ Million)
8. Regenerative Thermal Oxidizer Market Analysis - By End User
8.1 Overview
8.2 Regenerative Thermal Oxidizer Market Breakdown, by End User, 2019 & 2027
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive Market Revenue and Forecast to 2027 (US$ Million)
8.4 Chemical
8.4.1 Overview
8.4.2 Chemical Market Revenue and Forecast to 2027 (US$ Million)
8.5 Coating and Printing Industry
8.5.1 Overview
8.5.2 Coating and Printing Industry Market Revenue and Forecast to 2027 (US$ Million)
8.6 Pharmaceutical
8.6.1 Overview
8.6.2 Pharmaceutical Market Revenue and Forecast to 2027 (US$ Million)
8.7 Semiconductor
8.7.1 Overview
8.7.2 Semiconductor Market Revenue and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2027 (US$ Million)
9. Regenerative Thermal Oxidizer Market - Geographic Analysis
9.1 Overview
9.2 North America: Regenerative Thermal Oxidizer Market
9.3 Europe: Regenerative Thermal Oxidizer Market
9.3.1 Europe: Regenerative Thermal Oxidizer Market - Revenue, and Forecast to 2027 (US$ Million)
9.4 APAC: Regenerative Thermal Oxidizer Market
9.5 MEA: Regenerative Thermal Oxidizer Market
9.6 SAM: Regenerative Thermal Oxidizer Market
10. Regenerative Thermal Oxidizer Market- COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 MEA: Impact Assessment of COVID-19 Pandemic
10.1.5 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
12. Company Profiles
12.1 Alliance Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Anguil Environmental Systems
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Catalytic Products International
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Condorchem Envitech
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 EISENMANN SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Filtran technika spol. s r.o.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Ship and Shore Environmental, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Shandong Baolan Environmental Protection Engineering Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 THE CMM GROUP, LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Taikisha Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
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