The Odour Control System Market is poised for substantial growth, particularly in regions like Asia Pacific Excluding Japan (APEJ) and North America. These geographies hold immense potential due to their rapid industrialization and urbanization, driving the demand for effective odor management solutions. A significant trend shaping the market landscape is the introduction of innovative technologies that align with evolving regulations.
According to projections, the global Odour Control System Market will be worth $1.19 billion in 2022. The overall sales are expected to increase at a moderate CAGR of 4.7% between 2022 and 2029, reaching US$ 1.57 Billion by that year due to the increasing adoption of odour control systems for improving air quality levels across a variety of industries.
The most recent market research study on odour control systems from Future Market Insights includes a global industry analysis for 2014 to 2021 and a market forecast for 2022 to 2029. The study tracks the Odour Control System Market and provides in-depth predictions for the period between 2022 and 2029.
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According to the analysis and study done in the report, the global odour control system market is anticipated to observe prominent progress, due to increasing adoption in the chemical industry.
The odour control system market is estimated to be valued at ~ US$ 1 Billion in 2022, and is projected to increase by ~ 4.7% CAGR during the forecast period of 2022 to 2029.
The odour control system market has a high potential to grow in regions such as Asia Pacific Excluding Japan (APEJ) and North America. Significant innovations with incorporation of advanced technologies meeting regulations are expected to emerge as a product differentiator in the odour 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 facilities, or a centralize system could be installed for low capacity plants.
Increasing investment for the effective and efficient waste management, 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.
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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 trade balance and increasing production by strengthening the manufacturing sector is currently the prime motive of the government in Japan. Also, the adoption of ‘best available technique’ is prominent in the country, which is likely to propel the demand for advanced odour control system.
Japan has large installed base of odour control systems which are likely to get regular up gradation and replacements. Considering the average life of the odour 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.
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
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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.
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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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