Published Date: 10-Jul-2020
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According to a new report Global Odor Control System Market, published by KBV research, The Global Odor Control System Market size is expected to reach $7.6 billion by 2026, rising at a market growth of 7.5% CAGR during the forecast period.
The activated carbon odor control system recorded a dominant market share. The high market share is attributed to high odor removal efficiency and low power consumption. In addition, the activated carbon odor protection system ensures high performance and elimination of gas-phase pollutants such as hydrogen sulfide, mercury, HCl, and other gaseous contaminants that create malodor. Meanwhile, the organic odor control device segment is expected to see substantial growth over the forecast period.
The power and energy end-use segment have been witnessing a significant growth rate. Power and power plants generate a variety of hazardous gasses by burning fossil fuels and biomass. Gasses generated by burning these fuels include carbon dioxide (CO2), sulfur dioxide (SO2), and nitrogen oxide (NOx). As a result, the combination of these gasses leads to the generation of malodor in the surrounding environment, that will generate demand for odor control systems in the power and energy industries. Additionally, the chemical and petrochemical end-use segment is expected to experience an exponential growth rate during the forecast period.
Asia Pacific led the regional segment. This is due to the growing demand for energy and power and rapid industrialization. In addition, an increase in the emission of toxic pollutants and exhaust gasses creates an enormous demand for the odor control system in the region. In addition, strict government regulations for the emission of toxic air pollutants in countries such as India and Japan provide further opportunities for market growth. Europe is projected to see substantial growth over the forecast period. The main end-use industries that lead to the emissions of gas in the atmosphere include energy and power and the chemical industry. Additionally, The North America market is expected to witness a CAGR of 7.1% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/odor-control-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Evoqua Water Technologies Corporation, Ecolab, Inc., AER Control Systems LLC, Catalytic Products International, Inc., Durr Systems, Inc., Environmental Systems & Services UK Ltd., KCH Engineered Systems, Inc. (ECS Environmental Solutions), The Odournet Holding BV (Sensenet Holding BV), Romtec Utilities, Inc., and BioAir Solutions, LLC.
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