Gas Cleaning Technologies Market Set for a US$40 Billion Revolution by 2030: Fairfield Market Research

Fairfield Consultancy Services OPC Pvt Ltd

Driven by Stringent Environmental Regulations, Growing Urbanisation Pace, Clean Energy Transition, Government Initiatives, Innovation and Research, and the Global Sustainability Drive, the Market for Gas Cleaning Technologies is All Set for a Bright Future.

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.

REPORT SCOPE

• Report Attributes
• Base Year: 2022
• Forecast Year: 2023 – 2030
• Estimated Market Size in 2030: US$40.0 Bn
• CAGR: 5.2%
• Growth Drivers:
  • Global Clean Energy Drive
  • Exploding Industrialisation and Urbanisation
  • Supportive Role of Governments
• Segmentation:
  • By Product (Scrubbers, Dry Sorbent Injection, Particulate/Dust Collection, Mist, Aerosols, Fine Particulate, NOx Reduction, SCR/SNCR, Low NOx Burners, NOx wet Scrubbing)
  • By End Use (Power Generation, Chemical, Cement, Refinery & Petrochemical, Pulp & Paper, Mining, Textiles, Metals, Steel, Aluminum, Others)
• Regional Coverage:
  • North America (US, Canada)
  • Europe (Germany, UK, France, Italy, Turkey, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa)

“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.

For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/gas-cleaning-technologies-market

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

SDGs, Targets, and Indicators Relevant to the Issues Discussed in the Article