NEW YORK, Nov. 22, 2023 /PRNewswire/ -- The thermal treatment air filtration market is expected to grow by USD 1.29 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 5.95% during the forecast period. The market is segmented by end-user (oil and gas, chemicals, transportation, pulp and paper, and metalworking and others), type (RTO, thermal oxidizer, catalytic oxidizer, and RCO), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
Expanding water and wastewater treatment is a key factor driving market growth. High-quality drinking water is crucial to business and industry, as well as consumers themselves. New sources of fresh water in the world are under pressure due to rapid urbanization and population growth. Moreover, municipal water treatment infrastructures are now receiving increasing attention in various European countries which already have state-of-the-art industrial water treatment infrastructure.
The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample Report
Key Highlights:
- The report recognizes the following as some of the key players in the thermal treatment air filtration market: Accurate Thermal Systems LLC, Air Clear LLC, Anguil Environmental Systems Inc., APC Technologies Inc., Catalytic Products International Inc., CECO Environmental Corp., COLT TECHNOLOGIES INC., CTP Chemisch Thermische Prozesstechnik GmbH., Deuring Group GmbH., Durr AG, FIVES SAS, Freudenberg and Co. KG, Glenro Inc., Koch Industries Inc., Taikisha Ltd., Tellkamp Systems Inc., The CMM Group, and Zeeco Inc.
- Thermal Treatment Air Filtration Market is fragmented in nature.
- Market to observe 5.15% YOY growth in 2023.
Market Dynamics:
Major Trend
- The high demand for end-to-end services is a major trend in the market.
- Some of the world's largest suppliers are primarily offering devices or systems, while others have specialization for catalysts and automation solutions in the thermal treatment air filtration market.
- Furthermore, providers that provide complete product and service solutions are preferred by end users with a high investment in installing equipment as well as requiring maintenance due to lack of knowledge.
Significant Challenge
- The risk of volatility in natural gas prices is a significant challenge restricting market growth.
- Power companies try to ensure that there is a diversified portfolio of feedstocks, to avoid fluctuations in electricity prices.
- As a result of rising demand and the recovery of the global oil markets, excessive dependence on gas threatens to raise energy prices for consumers.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Keg Segments:
- The oil and gas segment will account for a major share of the market's growth during the forecast period. With increased fluctuations in crude prices, the global oil and gas sector remains ignitable; this leads to an immediate impact on industry demand mainly due to depressed upstream investment under a currently low-price environment. In the oil and gas sector, the current state of the global air thermal filtration market is considered to be quite stagnant.
Get a glance at the market contribution of the segments, Request a Free Sample Report
Related Reports:
The combined heat and power (CHP) market size is estimated to grow by USD 9.35 billion at a CAGR of 6.29% between 2023 and 2028.
The industrial energy efficiency services market size is estimated to grow by USD 2,802.24 million at a CAGR of 4.47% between 2023 and 2028.
Thermal Treatment Air Filtration Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.95% |
Market growth 2023-2027 |
USD 1.29 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
5.15 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 49% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
![](https://rt.prnewswire.com/rt.gif?NewsItemId=CG75055&Transmission_Id=202311221715PR_NEWS_USPR_____CG75055&DateId=20231122)
Share this article