About Emission Control Systems
The emission control systems are installed to reduce the discharge of CO, HC, Nox, and other noxious gases from the engine and other components. Strict emission regulations in various regions is likely to propel the growth of the market during the forecast period. Based on the application, the market has been segmented into oil & gas industry, automotive, marine, and manufacturing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Emission Control Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Woodward, Inc. (United States), Adwest Technologies, Inc. (United States), Anguil Environmental Systems, Inc. (United States), Air Clear, LLC (United States), Catalytic Products International, Inc. (United States), Epcon Industrial Systems, LP (United States), Verantis Environmental Solutions Group (United States), PCME Ltd. (United States), Calgon Carbon Corporation (United States) and Faurecia Clean Mobility (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Haldor Topsoe A/S (Denmark), GEA Group (Germany), Babcock & Wilcox Enterprises, Inc. (United States), Clean Diesel Technologies Inc. (United States) and Bosal Group (Belgium).
Segmentation Overview
AMA Research has segmented the market of Global Emission Control Systems market by Type (Electrostatic precipitator, Absorber, Air injection, Catalytic reactor and Catalytic convertor), Application (Oil & Gas industry, Automotive, Marine and Manufacturing) and Region.
On the basis of geography, the market of Emission Control Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. New Emission Control Systems will boost the Emission Control Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use , the sub-segment i.e. On-road Vehicles will boost the Emission Control Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An Increase in Awareness among Manufacturing Industries,
Market Growth Drivers:
Rapid Industrialization and the Growing Automotive Industry, Governmental Bodies and Automotive Sector Regarding Green Environment and Strict Emission Regulations in Various Regions
Challenges:
The rise of electric vehicles and other cleaner transportation technologies
Restraints:
Lack of Skilled Technicians and Time to Time Maintenance of Emission Control Systems
Opportunities:
Emerging Demand from Developing Regions
Market Leaders and their expansionary development strategies
In November 2023, Volvo Trucks partners with Johnson Controls on electrified powertrain and emission control integration. Optimizing performance and emissions in hybrid and electric trucks.
In October 2023, Honeywell launches "Closed-Loop Particulate Filter System": Continuously regenerates the filter, reducing maintenance and improving efficiency.
Key Target Audience
Emission Control System Manufacturers, Emission Control System Sub Component Manufacturers, Technology Investors, Emission Control System Traders/Distributors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.