DUBLIN--(BUSINESS WIRE)--The "Industrial Emission Control Systems Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global industrial emission control systems market to grow with a CAGR of 7.8% over the forecast period of 2018-2024.
Increasing demand for electricity with growing infrastructure are anticipated to drive the global industrial emission control system market. Additionally, positive outlook towards chemical, automobile and refineries are expected to fuel the growth of the industrial emission control systems market. Moreover increasing construction spending is further expected to compliment industrial growth. On the other hand, growth of the coal power industry in developed nations will also help to drive the growth of the industrial emission control systems market.
However, growing use of alternative fuels for power generation in a proposal to reduce the dependency of coal is anticipated to hinder the growth of the industrial emission control system market over the forecast period. On the other hand, industries emits harmful toxic gases that includes the materials such as NOx, Sox, VOCs which are extremely harmful for the environment and high proportion of this pollutants leads to serious health concerns.
Furthermore, government across the globe are striving to reduce environmental damages by developing policy framework that is anticipated to motivate the implementation of various pollution control technologies. This in turn is expected to provide several growth opportunities for the key players in the industrial emission control system market over the upcoming years.
Moreover, traditionally power plants have installed the devices that have the life around 10 to 15 years and hence power generation industry has become the major industry owing to the replacement of the older devices. This is anticipated to be the severe factor for the growth of the industrial emission control system market over the years to come.
Company Profiles
- Mitsubishi Hitachi Power Systems
- Johnson Matthey
- BASF
- Amec Foster Wheeler
- Ducon Technologies
- General Electric Company
- Thermax
- Wilcox Enterprises
- Air Clean LLC
- APC Technologies
For more information about this report visit https://www.researchandmarkets.com/research/wm7g7z/global_industrial?w=4
