Emission Control Technologies Market to Grow at Robust CAGR through 2024
Increasing automobile
production and emission control regulations by the government to drive global
emission control technologies market through 2024
According
to TechSci Research report, “Global
Emission Control Technologies Market By Technology, By Fuel Type, By End User Industry,
By Region, Competition, Forecast & Opportunities, 2024”, global emission control technologies market is expected to
grow at an impressive rate during forecast period due to strict government
regulations pertaining to emissions from vehicles. Moreover, rising urbanization
is leading to increased congestion on roads and, thereby necessitating the use of
environment friendly vehicle on roads, which is further anticipated to drive
global emission control technologies market. Additionally, ECTs or emission
control technologies can resolve issues such as smog, acid rain, greenhouse
effect and air pollution.
Global
emission control technologies market, globally, can be segmented based on technology,
fuel type, end user industry and region. On the basis of technology, the market
can be segmented into diesel oxidation catalyst, exhaust gas recirculation,
diesel particulate filter, selective catalytic reduction, gasoline particulate
filter, among others. Due to enactment of stringent emission control
regulations for reducing nitrogen oxide (NOx), selective catalytic reduction is
expected to grow at the highest rate during the forecast period. In terms of
end user industry, the market can be segmented into automotive, rolling stock,
off-highways, aerospace and industrial. Automotive segment dominates global emission
control technologies market owing to the adoption of these technologies for reducing
tailpipe emission.
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BASF SE, Clean Diesel Technologies, Inc., Corning
Incorporated, Johnson Matthey, Tenneco Inc., Delphi Corp., Robert Bosch GmbH, AeriNox
Inc., Clariant AG, DCL International Inc., etc. are some of the leading players
operating in global emission control technologies market. Companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
“Asia-Pacific region is expected to witness significant growth during
forecast period as economies, such as China and India, present in the region are
implementing stringent regulations pertaining to pollution, thereby bolstering
the demand for emission control technologies across these countries. Moreover, China
and India, are among the top five automobile industries in the world which is leading
to increasing demand for emission control technologies in automobile exhaust
systems, thereby positively influencing Asia-Pacific emission control
technologies market.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Emission Control Technologies Market By
Technology, By Fuel Type, By End User Industry, By Region, Competition,
Forecast & Opportunities, 2024” has evaluated the future growth potential of global emission
control technologies market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global emission
control technologies market.
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