The global odour control system market is expected to reach a valuation of USD 1.25 billion in 2023, driven by stringent government regulations. This trend is projected to create new opportunities within the market, leading to an anticipated CAGR of 4.8% from 2023 to 2033, with a total valuation of approximately USD 1.99 billion by 2033.
The market’s growth during the forecast period is fueled by rising consumer demand for potable water and an increase in facilities for solid waste and wastewater treatment. Additionally, the industrial sector’s growing adoption of automation is driving demand for high-tech, cost-effective solutions, prompting odour control system manufacturers to integrate advanced smart technology into their products.
Key Takeaways from the Market Study:
- The market for odour control systems expanded at a CAGR of 3.9% from 2018 to 2022.
- It is estimated that by 2023, the United States odour control system market will hold 35.7% of the global market share.
- China will take 24.2% of the global market for odour control systems in 2023.
- By the end of 2023, the Japan odour control system market will hold 7.3% of its global market share.
- By 2023, the France market for odour control systems is expected to increase by 8.2%.
- By 2023, it is anticipated that the market for odour control systems in the United Kingdom will have a 7.1% market share.
- Physical odour control systems account for more than 50% of the market for odour control systems globally.
- The chemical and petrochemical sector would hold 36.8% of the global market for odour control systems in 2023.
Competitive Landscape:
The sector’s competitiveness is predicted to deteriorate further since many firms are focusing on developing advanced and affordable system types and technologies. For instance, the big rivals focus on providing low cost and minimal maintenance items to hold a substantial piece of the market. The main running firms invest money in research and development to deliver a superior system type.
Prominent players in the odour control system market are:
- Babcock & Wilcox Enterprises, Inc.
- CECO Environmental.
- Anguil Environmental Systems, Inc.
- Evoqua Water Technologies LLC
- Scotmas Limited
- Ecolab Inc.
- Tholander Ablufttechnik GmbH
Segmentation Analysis of the Odour Control System Market:
By System:
- Physical Odour Control
- Adsorption System
- Ozone Generators
- Chemical Odour Control
- Chemical Scrubbers
- Thermal Oxidizers
- Biological Odour Control
- Biofilters/Biotrickling Filters
- Bio Scrubbers
By Application:
- Waste Treatment Facilities
- Food & Beverages
- Pulp & Paper
- Chemical & Petrochemical
- Other Industries
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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