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The emission control technology market size is estimated to increase by USD 48.1 billion and grow at a CAGR of 8.07% between 2023 and 2028. The growth of the market depends on several factors, such as the growing greenhouse gas emissions from industries, the increasing adoption of gasoline direct injection (GDI) engines in cars, and government regulations on vehicular particulate emission levels. Furthermore, emissions originating from manufacturing plants don't just emit CO2; they also play a role in generating harmful pollutants like ozone. This, in turn, contributes to the formation of smog and ground-level ozone problems, presenting significant health hazards to communities living in affected regions. With the ongoing expansion of the global industrial sector, the necessity for efficient emission control technologies becomes crucial in addressing environmental consequences and complying with regulatory requirements aimed at reducing pollution levels.
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The automotive segment is estimated to witness significant growth during the forecast period. Governments around the world have imposed strict emission limits to address environmental concerns. Automakers are required to comply with these regulations and reduce the emissions produced by their vehicles. This has increased the demand for emissions control technology to ensure compliance and avoid penalties.
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The automotive segment is the largest segment and was valued at USD 25.30 billion in 2018. There is a growing global focus on sustainable transportation to reduce greenhouse gas emissions and air pollution. Emissions control technology enables vehicles to drive with reduced emissions, supporting the goals of sustainable transportation and environment-friendly mobility. Additionally, growing consumer awareness and preference for environmentally friendly vehicles has increased the demand for emissions control technology. Concerned about the environmental impact of vehicles, consumers are choosing vehicles with advanced emission control systems. Thus, the growing regulatory compliance across the globe and the need for sustainable transportation, consumer demand for eco-friendly vehicles will drive the market growth during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is the leading region in the global market due to factors such as the presence of a strong economy, the implementation of the Clean Air Act, technological advances in clean air technology, and the presence of several industrial clean air technology companies. Owing to changes in vehicular emission norms, many original equipment manufacturers will change their strategies and try to ensure control over their vehicular emissions, which will boost product sales in the future.
Furthermore, the presence of the US environmental protection agency (EPA), whose main goal is to reduce air pollution and improve air quality, is one of the major factors driving the growth of the US market. This law authorizes the US Environmental Protection Agency (EPA) to establish National Air Quality Standards (NAAQS) to protect public health and regulate emissions of harmful air pollutants. Similarly, Canada Introduced an air quality management system (AQMS) to continuously monitor emissions levels and provide a framework for protecting human health and the environment from harmful air pollutants. The organization focuses on reducing emission levels and ambient concentrations of various pollutants in accordance with Canadian Air Quality Standards (CAAQS). Hence, the presence of stringent regulations to curb industrial emissions is expected to boost the growth of the market in North America during the forecast period.
The Market is witnessing significant growth due to stringent regulations on vehicular and industrial emission. Technologies such as DPF (Diesel Particulate Filter), GPF (Gasoline Particulate Filter), DOC (Diesel Oxidation Catalyst), SCR (Selective Catalytic Reduction), EGR (Exhaust Gas Recirculation), and catalytic converters are playing a crucial role in reducing emissions of nitrogen oxides, carbon compounds, and hydrocarbons. Nanotechnology is also gaining popularity in emission control due to its efficiency in reducing emissions. The market for emission control technology is not limited to passenger cars but also extends to industrial applications. The LAMEA region is expected to witness significant growth in the market due to increasing industrialization and stringent emission norms. The market is competitive, with major players focusing on profit through pricing strategies and promotions. Publishers like Grand View Research, Marketsandmarkets, Future Market Insights, Future Business Insight, Mordor Intelligence, Data Bridge Research, and Transparency Market Research provide comprehensive reports on the market through the synthesis and summation of data. Emission control technology is essential for reducing vehicular and industrial emission, with Euro emission standards playing a significant role in driving market growth. The advent of electric vehicles is also expected to impact the market in the coming years. IoT is another technology that is expected to revolutionize the emission control industry by providing real-time monitoring and analysis of emission levels. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is experiencing substantial growth, primarily propelled by the escalating concerns surrounding greenhouse gas emissions from industrial activities. Industries, particularly those reliant on fossil fuels for energy production, are major contributors to greenhouse gas emissions, with carbon dioxide (CO2) being a significant pollutant emitted during combustion processes. The surge in industrial production across various sectors has led to a notable increase in emissions, exacerbating air pollution and contributing to climate change.
Moreover, emissions from manufacturing plants not only release CO2 but also contribute to the formation of harmful pollutants such as ozone, which in turn leads to smog and ground-level ozone issues, posing serious health risks to populations residing in affected areas. As the global industrial sector continues to expand, the need for effective emission control technologies becomes paramount in mitigating environmental impacts and adhering to regulatory standards aimed at curbing pollution levels. Hence, such factors are driving the market during the forecast period.
The proliferation of Euro emission standards is the key trend driving the growth of the global market. In 1992 Euro emission standards were introduced. These were designed to restrain the use of leaded gasoline and control carbon monoxide emissions. Euro 2 emission standards were established in 1997, this led to further reductions in carbon monoxide emissions limits and introduced combined limits for nitrogen oxides and non-burned hydrocarbons. Furthermore, Euro 6 emission standards were introduced in 2014, which imposed further regulations on NOx emission levels of about 67% compared with Euro 5 for both petrol and diesel engines.
However, apart from the members of the European Union, rising countries together with Brazil, China, India, and Russia (BRIC countries) have additionally followed Euro emission standards. Emissions standards will be regulated by even stricter standards within the expected period of time. Emerging nations will continue to adhere to the old version of the euro norm in preparation for rising oil consumption. Therefore, the proliferation of Euro emission standards will have a positive impact on the growth of the global market during the forecast period.
The rising demand for electric vehicles is a significant challenge to the growth of the global market. Electric vehicles are becoming more popular with a rising emphasis on the introduction of sustainable energy and the use of environmentally friendly measures to restrain carbon emissions. The rapid expansion of EV charging infrastructure, growing consumer awareness, and full or partial bans on the use of fuel-powered vehicles are also driving demand for EVs around the world.
Moreover, the demand for EVs is rising in China, the US, and Japan, as well as in European countries such as Norway and Germany. Owing to the presence of government policies that support the use of energy-efficient vehicles, the demand for EVs is expected to grow. As EVs do not require a fuel injector, the raised demand for such vehicles will harm the demand for the products, which will impede the growth of the market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Airex Industries Inc.: The company offers emission control technology applications such as abrasive blasting, metalworking, mining, and minerals.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
Emission control technology plays a crucial role in reducing the release of harmful pollutants, primarily nitrogen oxides (NOx) and carbon compounds, from fuel-powered automobiles and industrial processes. Technologies such as DPF (Diesel Particulate Filter), GPF (Gasoline Particulate Filter), DOC (Diesel Oxidation Catalyst), SCR (Selective Catalytic Reduction), EGR (Exhaust Gas Recirculation), and catalytic converters are key components in this domain. Nanotechnology is also being explored for its potential in enhancing the efficiency of emission control systems. Electric vehicles are a promising alternative to fuel-powered automobiles, as they produce zero CO2 emissions. However, the production of batteries for electric vehicles still contributes to greenhouse gas emissions. The market for emission control technology is expected to grow significantly in the coming years due to increasing awareness about air pollution and stringent emission norms such as Euro emission standards.
Moreover, the LAMEA (Latin America, Middle East, and Africa) region is projected to witness substantial growth in this market. The market landscape depends on the Threeway catalyst, CO2 emission, publisher, automobile production, automotive catalysts, geographical regions. Publishers like Future Business Insight, Data bridge research, and Transparency Market Research provide comprehensive and accurate market information on emission control technology. This includes investment pockets, future estimations, and competition analysis. The use of IoT in emission control systems is a recent trend, enabling real-time monitoring and analysis of emissions. Fuel efficiency and pricing are key factors influencing the adoption of emission control technology in fuel-powered automobiles. Promotions and promotional strategies also play a role in driving sales. Industrial emission control is another significant application area for emission control technology, with a focus on reducing CO, NOx, and hydrocarbon emissions. Overall, the market for emission control technology is expected to remain profitable, with continuous innovations and advancements in technology.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.07% |
Market growth 2024-2028 |
USD 48.1 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.29 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, Germany, China, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airex Industries Inc., American Air Filter Co. Inc., Andritz AG, Babcock and Wilcox Enterprises Inc., BASF SE, Camfil AB, Donaldson Co. Inc., Doosan Lentjes GmbH, DuPont de Nemours Inc., FLSmidth and Co. AS, Fujian Longking Co. Ltd., GEA Group AG, General Electric Co., Hamon S.A., John Wood Group PLC, Mitsubishi Heavy Industries Ltd., Parker Hannifin Corp., PAS Solutions BV, Sumitomo Heavy Industries Ltd., and Thermax Ltd. |
Market dynamics |
Parent market analysis, market report , Market growth inducers and obstacles, Market forecasting , market forecast , Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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