Waste Gas Treatment Market Size, Trends and Insights By Type (Absorption Equipment, Adsorption Equipment, Combustion, Catalytic Equipment, Others), By Applications (Power Industry, Steel Industry, Chemical Industry, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI36095

Published Date: December 2023

Pages: 320+

Category: Water & Sludge Treatment

Report Snapshot

CAGR: 6.2%
852.1M
2022
904.9M
2023
1,555.1M
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • General Electric Company
  • Mitsubishi Hitachi Power Systems Ltd.
  • Babcock & Wilcox Enterprises Inc.
  • DuPont de Nemours Inc.
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Waste Gas Treatment Market is expected to record a CAGR of 6.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 904.9 Million. By 2032, the valuation is anticipated to reach USD 1,555.1 Million.

Waste Gas Treatment Specifications

Parameter Specification
Waste gas temperature 100-300°C
Waste gas flow rate 100-10,000 m³/h
Waste gas concentration 100-10,000 ppm
Efficiency 90-99%
Pressure drop 50-100 Pa
Noise level <80 dB
Power consumption 10-100 kW
Footprint 1-100 m²
Weight 10-10,000 kg
Materials of construction Stainless steel, carbon steel, aluminum
Maintenance requirements Low
Safety CE marking, ATEX certification
Source: According to CMI Market Research Team Analysis

The Waste Gas Treatment Market encompasses the application of various technologies and solutions to mitigate the environmental impact of industrial emissions. Driven by stringent regulations, technological advancements, and a growing focus on sustainability, the market addresses the need for reducing harmful pollutants released into the atmosphere.

Key players offer a range of solutions, from advanced filtration systems to catalytic converters, catering to diverse industries. With a surge in global environmental awareness, the market continues to evolve, fostering innovations that enhance efficiency, promote circular economy principles, and contribute to a cleaner and safer environment.

Waste Gas Treatment Market – Significant Growth Factors

The Waste Gas Treatment Market presents significant growth opportunities due to several factors:

  • Stringent Environmental Regulations: The imposition of stringent environmental regulations by governments worldwide compels industries to adopt effective waste gas treatment solutions to comply with emission standards, driving market growth.
  • Industrial Growth and Urbanization: Rapid industrialization and urbanization globally contribute to increased emissions. As industries expand, the demand for waste gas treatment solutions rises to curb air pollution, making it a significant driver in the market.
  • Technological Advancements: Ongoing advancements in waste gas treatment technologies, such as innovative filtration and catalytic systems, drive market growth. Improved and efficient solutions attract industries looking to enhance environmental performance.
  • Growing Public Awareness and Health Concerns: Rising public awareness of air quality issues and their impact on health stimulates demand for waste gas treatment. The link between air pollution and respiratory illnesses encourages industries to invest in solutions that address health concerns.
  • Circular Economy Practices: The adoption of circular economy principles, where waste gases are treated and utilized as valuable resources, presents an opportunity. Companies can focus on developing comprehensive waste management strategies that align with sustainability goals.
  • Market Expansion in Developing Regions: Opportunities for market expansion exist in developing regions where industrialization is on the rise. As these regions implement stricter environmental standards, the demand for waste gas treatment solutions is likely to increase, creating new growth avenues.
  • Digitalization and Remote Monitoring: The integration of digital solutions for remote monitoring and control of waste gas treatment systems presents an opportunity. Digital technologies enhance operational efficiency, reduce costs, and provide real-time insights, aligning with the industry’s emphasis on innovation and sustainability.

Waste Gas Treatment Market – Mergers and Acquisitions

The Waste Gas Treatment Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Waste Gas Treatment Market include:

  • In 2022, Ecolab, Inc., and Siemens have collaboratively introduced Climate Intelligence, a groundbreaking product utilizing ECOLAB3DTM and Siemens gPROMS. This innovative solution empowers customers to model scenarios impacting energy and water systems, aiding in achieving productivity and sustainability goals by identifying opportunities for conservation and reducing greenhouse gas emissions.
  • In 2021, Petronas, the Malaysian energy giant, partnered with BASF, the German chemical company, for gas treatment technology in its second FLNG facility, PFLNG Dua. BASF’s ASE purple technology efficiently removes hydrogen sulphide and carbon dioxide in natural gas applications, crucial for preparing gas for liquefaction and subsequent pipeline transportation in Petronas’ acid gas removal unit process.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Waste Gas Treatment Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Waste Gas Treatment Market Wastewater Treatment System Market Water Treatment Equipment Market
CAGR 6.2% (Approx) CAGR 6% (Approx) CAGR 6.2% (Approx)
USD 1555.1 Million by 2032 USD 196.5 Billion by 2032 USD 96.7 Billion by 2032

Waste Gas Treatment Market – Significant Threats

The Waste Gas Treatment Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Economic Downturns and Budget Constraints: Economic downturns can lead to budget constraints for industries, impacting their ability to invest in waste gas treatment solutions. Reduced capital expenditure during economic challenges poses a threat to the growth of the market.
  • Fluctuating Industrial Activities: The waste gas treatment market is vulnerable to fluctuations in industrial activities. Reduced production levels or temporary shutdowns, as witnessed during economic downturns or unforeseen events like the COVID-19 pandemic, can adversely affect the demand for waste gas treatment.
  • Technological Disruptions and Shifts: Rapid technological advancements can pose a threat, particularly if new technologies emerge that significantly outperform existing waste gas treatment solutions. Industries may face challenges in adapting to the latest innovations, leading to disruptions in the market.
  • Global Supply Chain Disruptions: Disruptions in the global supply chain, caused by events such as natural disasters, geopolitical tensions, or unforeseen crises, can impact the availability of critical components and materials required for waste gas treatment systems, posing a threat to market operations.
  • Regulatory Uncertainties and Changes: Frequent changes in environmental regulations or uncertainties surrounding future regulatory frameworks can create challenges for industries. Adapting waste gas treatment systems to meet evolving standards may require substantial investments, affecting the market’s stability.
  • Competition from Alternative Technologies: The emergence of alternative technologies for emission reduction, such as carbon capture and utilization (CCU) or renewable energy sources, poses a threat. Industries may opt for alternative solutions that offer comparable or superior environmental benefits, impacting the demand for traditional waste gas treatment methods.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 904.9 Million
Projected Market Size in 2032 USD 1,555.1 Million
Market Size in 2022 USD 852.1 Million
CAGR Growth Rate 6.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Applications and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type

  • Absorption Equipment: Absorption equipment in the waste gas treatment market involves the removal of pollutants through absorption into a liquid. Trends include the adoption of advanced solvent technologies for efficient pollutant capture and the integration of smart monitoring systems.
  • Adsorption Equipment: Adsorption equipment utilizes solid materials to capture pollutants from waste gases. Current trends involve the use of activated carbon and advanced adsorbents for enhanced pollutant removal, along with the development of cost-effective regeneration techniques.
  • Combustion: Combustion methods involve burning pollutants to convert them into less harmful substances. Trends include the optimization of combustion processes for increased efficiency, reduced energy consumption, and the integration of waste heat recovery systems.
  • Catalytic Equipment: Catalytic equipment utilizes catalysts to facilitate chemical reactions, converting pollutants into less harmful substances. Trends focus on the development of novel catalysts for improved efficiency, and longevity, and the application of catalytic converters in diverse industrial processes.
  • Others: The “Others” category in waste gas treatment includes various methods such as thermal oxidation and membrane separation. Emerging trends involve the exploration of innovative technologies to address specific pollutants and the integration of hybrid approaches for comprehensive treatment solutions.

By Application

  • Power Industry: In the waste gas treatment market, the power industry involves treating emissions from power plants. Trends include a focus on cleaner energy, leading to increased demand for advanced treatment technologies. Carbon capture and utilization (CCU) is gaining traction to reduce greenhouse gas emissions from power generation.
  • Steel Industry: The waste gas treatment market in the steel industry addresses emissions from steel manufacturing processes. Trends involve adopting efficient dust removal and desulfurization technologies. Integrated systems for treating multiple pollutants are gaining popularity, ensuring compliance with environmental regulations.
  • Chemical Industry: In the waste gas treatment market for the chemical industry, the focus is on treating emissions from chemical manufacturing processes. Trends include the implementation of versatile treatment systems capable of handling diverse pollutants. Sustainable practices, such as recycling by-products, are gaining importance in waste gas treatment.
  • Others: In other industries, waste gas treatment applications vary widely. This segment may include industries like cement, pharmaceuticals, and food processing. Trends encompass customized solutions to address specific pollutants and a growing emphasis on incorporating digital technologies for more efficient and cost-effective waste gas treatment.

Global Waste Gas Treatment Market 2023–2032 (By Million)

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Waste Gas Treatment Market – Regional Analysis

The Waste Gas Treatment Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the waste gas treatment market sees a rising trend in adopting advanced digital monitoring and control systems. Stringent environmental regulations drive industries to invest in innovative solutions for emission reduction. Additionally, there is a growing emphasis on circular economy practices, focusing on the sustainable utilization of treated waste gases as valuable resources.
  • Europe: Europe’s waste gas treatment market is characterized by a trend towards holistic sustainability. Industries are increasingly adopting integrated waste management systems, emphasizing energy recovery from treated gases. Circular economy principles, along with a focus on renewable energy, drive the demand for innovative and environmentally friendly waste gas treatment technologies in the region.
  • Asia-Pacific: In the Asia-Pacific region, the waste gas treatment market experiences a trend of rapid adoption of cost-effective solutions. Growing industrialization, particularly in emerging economies, prompts industries to invest in efficient and affordable treatment technologies. The region also sees a surge in demand for mobile waste gas treatment units, providing flexibility for diverse industries to meet environmental standards.
  • LAMEA (Latin America, Middle East, and Africa): In LAMEA, the waste gas treatment market witnesses a trend of increasing collaboration between governments and industries to address environmental challenges. Governments in the Middle East are investing in waste gas treatment infrastructure, while Latin America sees a rise in demand for solutions that prioritize water conservation during treatment processes, aligning with regional sustainability goals.

Global Waste Gas Treatment Market 2023–2032 (By Applications)

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Competitive Landscape – Waste Gas Treatment Market

The Waste Gas Treatment Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • General Electric Company
  • Mitsubishi Hitachi Power Systems Ltd.
  • Babcock & Wilcox Enterprises Inc.
  • DuPont de Nemours Inc.
  • Thermax Limited
  • Dürr AG
  • BASF SE
  • John Wood Group PLC
  • Catalytic Products International (CPI)
  • Anguil Environmental Systems Inc.
  • AECOM
  • Suez SA
  • Siemens AG
  • Tetra Tech Inc.
  • Ecolab Inc.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Emerging players in the waste gas treatment market, such as Carbon Clean Solutions, Opus Clean Energy, and CTP Chemisch Thermische Prozesstechnik GmbH, are adopting innovative technologies like carbon capture and energy-efficient systems. These newcomers prioritize sustainability and cost-effectiveness, contributing fresh perspectives to the evolving market.

Established leaders like General Electric, Mitsubishi Hitachi Power Systems, and Babcock & Wilcox dominate the waste gas treatment market. These industry stalwarts leverage extensive experience, global presence, and consistent innovation to offer diverse and comprehensive solutions. Their strong research and development initiatives, coupled with strategic partnerships, position them as key contributors to shaping the market’s trajectory.

The Waste Gas Treatment Market is segmented as follows:

By Type

  • Absorption Equipment
  • Adsorption Equipment
  • Combustion
  • Catalytic Equipment
  • Others

 By Applications

  • Power Industry
  • Steel Industry
  • Chemical Industry
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Waste Gas Treatment Market, (2023 – 2032) (USD Million)
    • 2.2 Global Waste Gas Treatment Market: snapshot
  • Chapter 3. Global Waste Gas Treatment Market – Industry Analysis
    • 3.1 Waste Gas Treatment Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Stringent Environmental Regulations
      • 3.2.2 Industrial Growth and Urbanization
      • 3.2.3 Technological Advancements
      • 3.2.4 Growing Public Awareness and Health Concerns
      • 3.2.5 Circular Economy Practices
      • 3.2.6 Market Expansion in Developing Regions
      • 3.2.7 Digitalization and Remote Monitoring.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Applications
  • Chapter 4. Global Waste Gas Treatment Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Waste Gas Treatment Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Waste Gas Treatment Market – Type Analysis
    • 5.1 Global Waste Gas Treatment Market Overview: By Type
      • 5.1.1 Global Waste Gas Treatment Market Share, By Type, 2022 and 2032
    • 5.2 Absorption Equipment
      • 5.2.1 Global Waste Gas Treatment Market by Absorption Equipment, 2023 – 2032 (USD Million)
    • 5.3 Adsorption Equipment
      • 5.3.1 Global Waste Gas Treatment Market by Adsorption Equipment, 2023 – 2032 (USD Million)
    • 5.4 Combustion
      • 5.4.1 Global Waste Gas Treatment Market by Combustion, 2023 – 2032 (USD Million)
    • 5.5 Catalytic Equipment
      • 5.5.1 Global Waste Gas Treatment Market by Catalytic Equipment, 2023 – 2032 (USD Million)
    • 5.6 Others
      • 5.6.1 Global Waste Gas Treatment Market by Others, 2023 – 2032 (USD Million)
  • Chapter 6. Global Waste Gas Treatment Market – Applications Analysis
    • 6.1 Global Waste Gas Treatment Market Overview: By Applications
      • 6.1.1 Global Waste Gas Treatment Market Share, By Applications, 2022 and 2032
    • 6.2 Power Industry
      • 6.2.1 Global Waste Gas Treatment Market by Power Industry, 2023 – 2032 (USD Million)
    • 6.3 Steel Industry
      • 6.3.1 Global Waste Gas Treatment Market by Steel Industry, 2023 – 2032 (USD Million)
    • 6.4 Chemical Industry
      • 6.4.1 Global Waste Gas Treatment Market by Chemical Industry, 2023 – 2032 (USD Million)
    • 6.5 Others
      • 6.5.1 Global Waste Gas Treatment Market by Others, 2023 – 2032 (USD Million)
  • Chapter 7. Waste Gas Treatment Market – Regional Analysis
    • 7.1 Global Waste Gas Treatment Market Regional Overview
    • 7.2 Global Waste Gas Treatment Market Share, by Region, 2022 & 2032 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Waste Gas Treatment Market, 2023 – 2032 (USD Million)
        • 7.3.1.1 North America Waste Gas Treatment Market, by Country, 2023 – 2032 (USD Million)
    • 7.4 North America Waste Gas Treatment Market, by Type, 2023 – 2032
      • 7.4.1 North America Waste Gas Treatment Market, by Type, 2023 – 2032 (USD Million)
    • 7.5 North America Waste Gas Treatment Market, by Applications, 2023 – 2032
      • 7.5.1 North America Waste Gas Treatment Market, by Applications, 2023 – 2032 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Waste Gas Treatment Market, 2023 – 2032 (USD Million)
        • 7.6.1.1 Europe Waste Gas Treatment Market, by Country, 2023 – 2032 (USD Million)
    • 7.7 Europe Waste Gas Treatment Market, by Type, 2023 – 2032
      • 7.7.1 Europe Waste Gas Treatment Market, by Type, 2023 – 2032 (USD Million)
    • 7.8 Europe Waste Gas Treatment Market, by Applications, 2023 – 2032
      • 7.8.1 Europe Waste Gas Treatment Market, by Applications, 2023 – 2032 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Waste Gas Treatment Market, 2023 – 2032 (USD Million)
        • 7.9.1.1 Asia Pacific Waste Gas Treatment Market, by Country, 2023 – 2032 (USD Million)
    • 7.10 Asia Pacific Waste Gas Treatment Market, by Type, 2023 – 2032
      • 7.10.1 Asia Pacific Waste Gas Treatment Market, by Type, 2023 – 2032 (USD Million)
    • 7.11 Asia Pacific Waste Gas Treatment Market, by Applications, 2023 – 2032
      • 7.11.1 Asia Pacific Waste Gas Treatment Market, by Applications, 2023 – 2032 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Waste Gas Treatment Market, 2023 – 2032 (USD Million)
        • 7.12.1.1 Latin America Waste Gas Treatment Market, by Country, 2023 – 2032 (USD Million)
    • 7.13 Latin America Waste Gas Treatment Market, by Type, 2023 – 2032
      • 7.13.1 Latin America Waste Gas Treatment Market, by Type, 2023 – 2032 (USD Million)
    • 7.14 Latin America Waste Gas Treatment Market, by Applications, 2023 – 2032
      • 7.14.1 Latin America Waste Gas Treatment Market, by Applications, 2023 – 2032 (USD Million)
    • 7.15. The Middle East and Africa
      • 7.15.1 The Middle-East and Africa Waste Gas Treatment Market, 2023 – 2032 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Waste Gas Treatment Market, by Country, 2023 – 2032 (USD Million)
    • 7.16 The Middle-East and Africa Waste Gas Treatment Market, by Type, 2023 – 2032
      • 7.16.1 The Middle-East and Africa Waste Gas Treatment Market, by Type, 2023 – 2032 (USD Million)
    • 7.17 The Middle-East and Africa Waste Gas Treatment Market, by Applications, 2023 – 2032
      • 7.17.1 The Middle-East and Africa Waste Gas Treatment Market, by Applications, 2023 – 2032 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 General Electric Company
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Mitsubishi Hitachi Power Systems Ltd.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Babcock & Wilcox Enterprises Inc.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 DuPont de Nemours Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Thermax Limited
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Dürr AG
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 BASF SE
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 John Wood Group PLC
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Catalytic Products International (CPI)
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Anguil Environmental Systems Inc.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 AECOM
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Suez SA
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Siemens AG
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Tetra Tech Inc.
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Ecolab Inc.
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Others.
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
List Of Figures

Figures No 1 to 23

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • General Electric Company
  • Mitsubishi Hitachi Power Systems Ltd.
  • Babcock & Wilcox Enterprises Inc.
  • DuPont de Nemours Inc.
  • Thermax Limited
  • Dürr AG
  • BASF SE
  • John Wood Group PLC
  • Catalytic Products International (CPI)
  • Anguil Environmental Systems Inc.
  • AECOM
  • Suez SA
  • Siemens AG
  • Tetra Tech Inc.
  • Ecolab Inc.
  • Others

FAQs

The key factors driving the Market are Stringent Environmental Regulations, Industrial Growth and Urbanization, Technological Advancements, Growing Public Awareness and Health Concerns, Circular Economy Practices, Market Expansion in Developing Regions And Digitalization and Remote Monitoring.

The “Absorption Equipment” category dominated the market in 2022.

The key players in the market are General Electric Company, Mitsubishi Hitachi Power Systems Ltd., Babcock & Wilcox Enterprises Inc., DuPont de Nemours Inc., Thermax Limited, Dürr AG, BASF SE, John Wood Group PLC, Catalytic Products International (CPI), Anguil Environmental Systems Inc., AECOM, Suez SA, Siemens AG, Tetra Tech Inc., Ecolab Inc., Others.

“Asia-Pacific” had the largest share in the Waste Gas Treatment Market.

The global market is projected to grow at a CAGR of 6.2% during the forecast period, 2023-2032.

The Waste Gas Treatment Market size was valued at USD 904.9 Million in 2023.

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