Global Industrial Emission Control Systems Market to Reach $34.4 Billion by 2030
The global market for Industrial Emission Control Systems estimated at US$22.1 Billion in the year 2023, is expected to reach US$34.4 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2023-2030. Electrostatic Precipitator, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$12.8 Billion by the end of the analysis period. Growth in the Scrubbers segment is estimated at 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.2 Billion, While China is Forecast to Grow at 10% CAGR
The Industrial Emission Control Systems market in the U.S. is estimated at US$6.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2030 trailing a CAGR of 10% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 6.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5 Billion by the year 2030.
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