Emission Control System Market set to expand at 5.6% CAGR, projected to hit $163.5 billion by 2034

ROCKVILLE, Md., A recently released research report by Fact.MR, a market research and competitive intelligence provider, states that the global emission control system market is poised for significant growth. Projections indicate an increase from $94.82 billion in 2024 to $163.5 billion by 2034, reflecting a compound annual growth rate (CAGR) of 5.6% during this period. This surge is primarily attributed to enforcing stringent environmental regulations and the continuous evolution of emission control technologies.

The escalating concerns over greenhouse gas emissions and their detrimental effects on the environment have compelled governments worldwide to implement rigorous emission standards. Industries, particularly automotive and transportation, are adopting advanced emission control systems to comply with these regulations. Technological innovations, including the development of novel catalytic materials and efficient filtering systems, are further propelling market growth.

Key Takeaway from Market Study:

• The global emission control system market is forecasted to expand at a CAGR of 5.6% from 2024 to 2034.
• The market in East Asia is forecasted to expand at a CAGR of 6.2% through 2034.
• The market in the United States is projected to expand at 5.6% CAGR from 2024 to 2034.
• The market in China is projected to reach a value of US$ 36.35 billion by 2034.
• The automotive & transportation segment is projected to reach US$ 73.9 billion by 2034.

“Market players should invest in cost-effective emission control technologies and cleaner auxiliary systems for EVs to comply with strict regulations, address industrial pollution concerns, and drive wider adoption despite high upfront costs hindering market penetration,” says a Fact.MR analyst.

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Growing Demand for Advanced Emission Control Systems:

Strict environmental regulations worldwide are pushing the automotive sector to adopt advanced emission control technologies. Governments and environmental organizations mandate lower pollution levels, driving the use of diesel particulate filters (DPFs), catalytic converters, and selective catalytic reduction (SCR) systems. As vehicle numbers rise, the demand for efficient pollution control solutions grows. Continuous R&D efforts focus on enhancing efficiency and innovation, leading to more advanced systems. Additionally, the shift toward hybrid and electric vehicles (EVs) is further boosting demand for emission control technologies in the evolving automotive market.

Key Market Players:

• DuPont de Nemours, Inc.
• Tenneco, Inc.
• GEA Group Aktiengesellschaft
• MAN
• Denso Corporation
• Mitsubishi Heavy Industries Group
• Nett Technologies Inc.
• Anguil Environmental Systems, Inc.
• DCL International Inc.
• Catalytic Products International
• Cummins, Inc.
• Faurecia SE
• Babcock & Wilcox Enterprises, Inc.
• Ducon Technologies Inc.
• Bosal Group
• Valmet
• Thermax Global Limited
• ENVEA

Competitive Landscape:

With evolving environmental regulations and increasing demand for cleaner emissions, the emission control system market is witnessing intense competition. Companies are focusing on research, strategic collaborations, mergers, and acquisitions to strengthen their market presence, expand product portfolios, and enhance technological advancements.

In March 2021, Eaton’s Vehicle Group and Tenneco Inc.'s Clean Air business unit announced a joint development agreement to create integrated exhaust thermal management systems. This collaboration aims to assist commercial truck and light vehicle manufacturers in meeting future emission regulations effectively.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the emission control system market, presenting historical demand data and forecast statistics for the period (2024 to 2034).

The emission control system market is segmented based on installation, device type, end use, and region. By installation, it includes new and retrofit systems. Device segmentation comprises catalytic converters, electrostatic precipitators, gas scrubbers, bag house filters, desulphurization units, vapor recovery units, EGR units, combustor units, oxidizers, absorption columns, mist eliminators, and quenching systems. End-use industries include automotive & transportation, industrial, and water incinerators. Regionally, the market is analyzed across North America, Europe, Latin America, East Asia, South Asia & Oceania, and the Middle East & Africa.

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