With the emergence and long-term Impact of COVID-19, Global Gas Cleaning Technologies Market to reach USD 46.67 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Gas Cleaning Technologies Market points towards a potential rise to USD 46.67 billion by 2030. Gas Cleaning Technologies refer to a variety of processes and technologies employed to remove pollutants, contaminants, and impurities from industrial gases and emissions. These technologies are used to mitigate the environmental impact of industrial activities and ensure compliance with air quality regulations.
Gas cleaning technologies are implemented in various industries, including power generation, oil and gas, chemical production, steel manufacturing, waste incineration, and more. The specific choice of gas cleaning technology depends on the composition of the gas stream, the types of pollutants present, and the desired emission standards. The Gas Cleaning Technologies market is expanding because of factors such as rising oil and gas production activities and the development of stringent air pollution control regulations.
Geographically, the global Gas Cleaning Technologies market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to factors such as alarmingly rising levels of air pollution, which are mostly caused by the agricultural and industrial sectors. As the practice of contract manufacturing gains popularity, several nations in the area are emerging as major centers of manufacturing for large international companies. This is prompting increased attempts to use cutting-edge technologies, such as selective catalytic reduction, wet scrubbers, filtration, and dust collectors, to reduce the concentration of air-polluting compounds in the ambient air.
Whereas, Europe is projected to grow significantly owing to factors such as the expansion of industrial activities, along with the new reforms in the regulatory framework in the region, which is likely to augment the demand for gas-cleaning technologies over the forecast period.
The global Gas Cleaning Technologies market is highly competitive owing to the presence of several key players such as Babcock & Wilcox Enterprises, Inc. Evoqua Water Technologies LLC Fuji Electric Co., Ltd. Hitachi Zosen Inova AG KCH Services Inc. Nederman Holding AB Tri-Mer Corporation Verantis Environmental Solutions Group Yara Marine Technologies Elessent Clean Technologies Inc, and others.
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Global Gas Cleaning Technologies Market Size study & Forecast, by Product (Scrubbers, Dry Sorbent Injection, Particulate/Dust Collection, Mist, Aerosols, Fine Particulate, NOx Reduction), by End-use (Power Generation, Chemical, Cement, Refinery & Petrochemical, Pulp & Paper, Mining, Textiles, Metals, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Gas Cleaning Technologies Market is anticipated to grow with a healthy growth rate of more than 4.9% over the forecast period 2023-2030.
- In the End-use segment, Power Generation emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to rising levels of air pollution in the region.
- Europe is expected to grow at higher rate owing to expansion of industrial activities in the region
Bizwit Research & Consulting has considered following segments for the study:
- Dry Sorbent Injection
- Particulate/Dust Collection
- Mist, Aerosols, Fine Particulate
- NOx Reduction
- Power Generation
- Refinery & Petrochemical
- Pulp & Paper
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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