Emission Control Technology Market Projected to Value Over US$ 140 Billion by 2026 End

  • 09 May 2019

Improving the air quality to protect the natural ecosystem and promote public health is the prime intention and gaining traction across the world. Emission control filters, membranes, sensors, sorbents, catalysts and chemicals are widely used to curtail harmful vehicle and industrial emissions. Mounting energy consumption, stringent regulatory norms to control emissions, rise in automobile sales, increasing transportation requirements and imminent global warming apprehensions are resulting in the exponential growth of emission control technology market. 
The global emission control technology market is expected to value over US$ 140 billion by 2026 end, registering a CAGR of 6.4% during the period of 2019-2026.

Global Emission Control Technology Market Key Trends
•    Implementation of nanotechnology in catalytic converters involved in emission control technologies
•    Improved innovation efforts to discover novel emission control catalysts
•    Greater government initiatives to subside emission levels in emerging economies
•    Emphasis on research efforts pertaining to the customization of emission control technologies tailored to meet specific requirements of a particular country, region and industry
•    Dependency on outsourcing partners to leverage wider global presence and cost competitiveness

Global Emission Control Technology Market, by Technology 
+ Diesel Particulate Filter (DPF)
+ Diesel Oxidation Catalyst (DOC)
+ Gasoline Particulate Filter (GPF)
+ Selective Catalytic Reduction (SCR)
+ Exhaust Gas Recirculation (EGR)

Global Emission Control Technology Market, Fuel type 
+ Diesel  
+ Gasoline

Global Emission Control Technology Market, End-User 
+ Marine
+ Automotive
+ Rolling Stock
+ Off-Highway 
+ Aerospace
+ Industrial
The wide adoption of electric vehicles due to increased purchasing power among the middle class will continue to hinder the growth of the automotive segment in future. Whereas the marine segment is estimated to continue expanding due to alarming concerns over environmental aspects of oceans, coral reef systems and marine flora and fauna.

Global Emission Control Technology Market, by Region 
+ North America 
+ Latin America 
+ Europe 
+ Asia Pacific 
+ Rest of the World 
Stringent anti-pollution government policies and greater per head usage of personal vehicle in North America place it at the forefront in terms of total demand across the global emission control technology market. Exploding population, peak automobile production and inclination towards stricter government norms towards pollution control are estimated to propel the growth of emission control technology market in the APAC region, especially in India and China.

Competitive Landscape:   
+ Tier 1 players- established companies in the market with a major market share 
+ Tier 2 players  
+ Emerging players which are growing rapidly  
+ New Entrants   
 

FutureWise Key Takeaways  
+ Growth prospects 
+ SWOT analysis  
+ Key trends  
+ Key data-points affecting market growth  

Objectives of the Study:  
+ To provide an exhaustive analysis of the global emission control technology market on the basis of technology, fuel type, end user and regions
+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
+ To evaluate and forecast micro-markets and the overall market  
+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies   

 

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