In addition, government regulations on controlling emissions and increasing automobile production are driving the growth of the market.
PORTLAND, OR, USA, Oct 26, 2021 /EINPresswire.com/ – Emissions Control Technology Market Outlook – 2025
The global emission control technologies market size was valued at $ 91,540 million in 2017 and is expected to reach $ 160,314.9 million by 2025, registering a CAGR of 7.3% from 2018 to 2025. As of 2017, Asia-Pacific accounted for the highest emissions control technology market share. .
Emission control technologies are installed to reduce emissions of harmful pollutants such as unburned hydrocarbons, carbon monoxide, nitrogen oxides and others. Technologies such as Diesel Particulate Filter (DPF), Gasoline Particulate Filter (GPF), Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR) and others are installed to control pollutant emissions into ecosystems. Governments in various countries are implementing strict regulations to meet emission standards and meet clean air goals. Diesel particulate filters and gasoline particulate filters are used to capture particles in the filter and control their emission into the atmosphere. While selective catalytic reduction and exhaust gas recirculation are used to reduce nitrogen oxide emissions. Additionally, the diesel oxidation catalyst is used to release harmful carbon compounds into ecosystems.
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Major market players:
â¢ BASF SE
â¢ Clean Diesel Technologies, Inc
â¢ Corning incorporated
â¢ DCL International inc.
â¢ Johnson Matthey
â¢ Tenneco inc.
In addition, government regulations on controlling emissions and increasing automotive production are driving the growth of the market. In addition, the adoption of nanotechnology in catalytic converters is expected to propel the growth of the emission control technologies market. However, the growth in production of electric vehicles and the high cost of emission control technology are expected to hamper the market growth. In addition, innovations in emission control catalysts and government initiatives for emission reduction in developing countries offer a remarkable growth opportunity for players operating in the emission control technologies market.
The Emission Control Technology market report is segmented on the basis of technology, fuel type, end-user vertical, and region. The technology is classified as Diesel Particulate Filter (DPF), Gasoline Particulate Filter (GPF), Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR) and others. The type of fuel is divided into diesel and gasoline. Vertical end users are classified into automotive, marine, off-road, rolling stock and industrial categories. Based on the region, the market is analyzed to North America, Europe, Asia-Pacific, and LAMEA.
Government emission control regulations
The government has established strict regulations for the emission of polluting gases from vehicles due to the combustion of fuels such as diesel fuel, fuel oil, gasoline, gasoline, biodiesel and others. Euro 6 is a latest emission regulations of the European Union directive aimed at reducing harmful gases such as carbon monoxide (CO), nitrogen oxide (NOx), hydrocarbons and others from the system. ‘vehicle exhaust. Likewise, emission control technology is used in catalytic converters, an emission control device used to convert toxic and noxious gases from engines into less toxic pollutants and help meet government emission standards. This is fueling the growth of the emissions control technology market.
Increase in automobile production
Developing countries are experiencing an increase in demand and production of automobiles. For example, India has become the world’s fourth largest auto industry with a 9.5% year-on-year sales increase to 4.2 million units. This increase in automobile production in developing countries automatically leads to an increase in demand for emission control technology for emission control devices in automobile exhaust systems. Hence, the increase in automobile production is expected to drive the growth of the emission control technology market.
Key Benefits for Emission Control Technology Market:
â¢ This study presents the analytical description of the Emissions Control Technology market analysis along with current trends and future estimates to describe impending investment pockets.
â¢ The overall market potential is determined to understand profitable trends to gain a stronger foothold.
â¢ The report presents information related to key market drivers, restraints, and opportunities with detailed impact analysis.
â¢ The current emissions control technology market is analyzed quantitatively from 2017 to 2025 to compare financial literacy.
â¢ Porters’ five strengths analysis illustrates the power of buyers and suppliers in the industry.
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