London, April 19, 2024 (GLOBE NEWSWIRE) -- Global gas cleaning technologies market is projected to reach approximately US$40 Bn by 2030, with a healthy CAGR of 5.2% over the forecast period. The market growth is driven by increasing demand for emissions control in industrial sectors, stringent environmental regulations, and the rise of urbanisation worldwide.
The market for gas cleaning technologies is poised for significant growth as industries across the globe prioritise environmental compliance and adopt clean technologies to manage emissions effectively. Market expansion is fuelled by rapid industrialisation, urbanisation, and increasing adoption of cleaner energy sources.
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REPORT SCOPE
| Report Attributes | Details | |
| Base Year | 2022 | |
| Forecast Year | 2023 – 2030 | |
| Estimated Market Size in 2030 | US$40.0 Bn | |
| CAGR | 5.2% | |
| Growth Drivers |
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| Segmentation |
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| Regional Coverage |
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"The global gas cleaning technologies market is undergoing substantial growth as industries across the world prioritise environmental compliance and adopt clean technologies to manage emissions effectively. The growing adoption of gas cleaning solutions in power generation and other sectors reflects a commitment to sustainability and adherence to stringent regulations,” explains a senior research analyst at the company.
Power generation end-users dominate the gas cleaning technologies market, driven by the need for emissions control and compliance with environmental regulations. The particulate/dust collection segment leads the market, owing to its crucial role in maintaining air quality and meeting regulatory standards in various industries.
Regional assessment of the market reveals that the Asia Pacific region is the largest market for gas cleaning technologies due to rapid industrialisation, urbanisation, and increasing environmental concerns. On the other hand, Europe's market is set to experience the strongest growth, backed by significant investments in clean technologies and stringent emission control regulations.
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Key Research Insights
- The particulate/dust collection segment accounts for the largest market share due to the essential role of these systems in controlling particulate emissions across multiple industries.
- Power generation sector leads in the adoption of gas cleaning technologies as power plants prioritise emission control and environmental compliance.
- Flue gas desulfurisation (FGD) is a major technology segment in the gas cleaning market, especially in power generation and industrial sectors.
Insights into Segmentation Analysis
Particulate/Dust Collection Category Takes the Charge
This segment accounts for the largest market share due to the need for effective control of particulate emissions in various industries.
Particulate matter is a major pollutant that poses health risks and environmental harm, prompting industries to invest in collection systems such as baghouse filters and electrostatic precipitators.
Demand from Power Generation Sector Significant
This segment drives significant demand for gas cleaning technologies, particularly in coal and gas-fired power plants, to control emissions and comply with environmental regulations.
Technologies such as selective catalytic reduction (SCR) and flue gas desulfurization (FGD) are widely used to manage nitrogen oxides and sulfur dioxide emissions.
Flue Gas Desulfurization (FGD) Technology Sought-After
A critical technology in the gas cleaning market, FGD systems play a key role in removing sulfur dioxide from flue gases.
These systems are essential for industries like power generation and metal smelting to meet stringent environmental standards.
Adoption Soars in Renewable Energy Sector
While the renewable energy sector itself emits fewer pollutants, gas cleaning technologies are increasingly utilised to ensure the cleanliness and efficiency of energy production, especially in biomass and waste-to-energy plants.
Key Report Highlights
- The shift towards cleaner energy sources drives the demand for gas cleaning technologies to control emissions effectively and improve air quality.
- Stringent environmental regulations and incentives encourage industries to invest in advanced gas cleaning technologies.
- Ongoing advancements in gas cleaning technologies enhance their performance and cost-effectiveness, spurring further adoption.
- The push towards global sustainability goals propels the market's growth as industries seek to reduce their carbon footprint.
Insights into Regional Analysis
Asia Pacific at the Top, Europe Takes off
This region holds the largest market share due to rapid industrialisation and urbanisation, resulting in higher demand for gas cleaning technologies.
The emphasis on improving air quality and meeting regulatory standards further drives market growth in the region.
Europe's market is set for rapid growth, driven by stringent emission control regulations and a strong focus on environmental sustainability.
The robust research and development initiatives across Europe contribute to the adoption of advanced gas cleaning technologies.
North America’s Steady Trail Prevails
ed to see steady growth due to the region's emphasis on environmental compliance and clean energy adoption. The US Environmental Protection Agency (EPA) plays a key role in formulating policies that support the adoption of gas cleaning technologies.
Other regions, including Latin America, and the Middle East, are witnessing increasing investments in gas cleaning technologies due to rising industrial activities and a focus on sustainable development.
Key Players in Global Gas Cleaning Technologies Industry
- Babcock & Wilcox
- Alfa Laval AB
- Fuji Electric Co. Ltd.
- GEA Group AG
- Wärtsilä S a (Pty) Ltd
- Hitachi Zosen Inova AG
- Yara Marine Technologies
- FLSmidth
- Verantis Environmental Solutions Group
- CECO Environmental
- Ducon Environmental, Inc.
- Evoqua Water Technologies LLC
- John Cockerill
- Nederman Holding AB
- Hamon Technologies
- Elessent Clean Technologies
- Andritz AG
- GEA Group AG
- Tri-Mer Corporation
Global Gas Cleaning Technologies Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Product Coverage, By End Use Coverage, By Geographic Coverage and Leading Companies): https://www.fairfieldmarketresearch.com/report/gas-cleaning-technologies-market
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