The newest market research study by Future Market Insights on odor control systems includes the global industry analysis for 2014-2021 and the market forecast for 2022 – 2029. The study observes the U.S odour control system market and offers detailed perceptions for the forecast period of 2022-2029.
According to the analysis and study did in the report, the global odor control system market is anticipated to observe prominent progress, due to increasing adoption in the chemical industry.
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The odor control system market is estimated to be valued at US$ 1.19 Bn in 2022 and is projected to increase by 4.7% CAGR during the forecast period of 2022 – 2029.
The odor control system market has a high potential to grow in regions such as Asia Pacific Excluding Japan (APEJ) and North America. Significant innovations with the incorporation of advanced technologies meeting regulations are expected to emerge as a product differentiator in the odor control system market.
Installation of hybrid odor control systems and demand for advanced and cost-effective odour control system from various industrial and government entities have increased significantly. This growing demand for progressive products generates pressure on manufacturers to deliver technologically-advanced and unique product offerings.
Thus, technological advancements have led to noteworthy investment in research and development by manufacturers. Manufacturers in the odour control system market are constantly focusing on developing unique technologies, which help them differentiate their products and earn a competitive edge.
Odour control systems play a crucial role in wastewater and solid waste treatment facilities. Individual odour control systems can be installed at various locations in a single wastewater treatment facility, or a centralized system could be installed for low-capacity plants.
Increasing investment for effective and efficient waste management, the establishment of new plants and capacity increase of existing facilities, and also growing intolerance towards odours, are factors expected to increase the demand for odour control systems in near future.
Japan to Provide Noteworthy Growth Opportunities for Manufacturers
The ongoing technological advancements and progression in investment for the storm water management projects and wastewater treatment facilities are expected to grow significantly over the forecast period. Odour control system manufacturers are focusing more on improving their market structures and offerings in the region.
Emphasis on the trade balance and increasing production by strengthening the manufacturing sector is currently the prime motive of the government in Japan. Also, the adoption of the ‘best available technique’ is prominent in the country, which is likely to propel the demand for advanced odor control systems.
Japan has a large installed base of odor control systems which are likely to get regular up-gradation and replacements. Considering the average life of the odor control systems and the install base, the market in Japan is estimated to surge in next few years.
For the global odour control system manufacturers, Japan is projected to be a prominent market throughout the forecast period, owing to the increasing consumption and production of odour control systems across several industries.
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Chemical & Petrochemical Industry to Capture Prominent Share
The division of the global odour control system market has been done on the basis of application, along with six regions.
High application potential of odour control system is identified in chemical & petrochemical industry. These industries produce odorous compounds such as hydrogen sulfide, ammonia,mercaptansand several others.The air contains odorant molecules, which must be treated to avoid corrosion and to comply with environment regulations, hence mandating the use of odour control systems in chemical & petrochemical industries.Waste treatment and disposal plants are a major source of odour emission. The effluents and vapors coming from these sources are of different and unpredictable composition. Hence, it becomes a necessity to install a combination of odour controls systems at these locations, thereby potentially influencing the market growth.
Odour Control System Market: Vendor Insights
The global odour control system report emphasizes on some of the principal industry players. Some of the key players include Babcock & Wilcox Enterprises, Inc., CECO Environmental., Anguil Environmental Systems, Inc., Evoqua Water Technologies LLC, Scotmas Limited, Ecolab Inc., Tholander Ablufttechnik GmbH,among others.
Odour Control System Market by Category
System :
- Physical Odour Control
- Adsorption System
- Ozone Generators
- Chemical Odor Control
- Chemical Scrubbers
- Thermal Oxidizers
- Biological Odour Control
- Biofilters/Biotrickling Filters
- Bio Scrubbers
Application :
- Waste Treatment Facilities
- Food & Beverages
- Pulp & Paper
- Chemical & Petrochemical
- Other Industries
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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