Market Introduction
The air pollution control technologies have profound scope of application as well as utility across different industry vertical for mitigating the harmful pollutants into the open atmosphere over the past many decades. Currently, numerous chemicals, thermal, electrostatic precipitators and scrubbers among other business offerings are extensively popular among the end-user industries that are commonly provided by several market players operating in the market. Among these, the regenerative thermal oxidizer are specially designed system and equipment that aid in air pollution control through eliminating hazardous air pollutants such as volatile organic compounds (VOCs) and emissions over extreme temperatures to convert them into vapors or carbon dioxide. As a result, the regenerative thermal oxidizer (RTO) have extensive scope of application across several industrial verticals such as oil & gas, food & beverages, pharmaceuticals, chemicals, electronics, general manufacturing, and automotive among numerous other verticals.
Market Overview and Dynamics
The regenerative thermal oxidizer market in Europe is expected to grow from US$ 2.92 Bn in 2019 to US$ 3.97 Bn by 2027; it is estimated to grow at a CAGR of 4.0%from 2020 to 2027.The stringent rules and regulations set by the governments and rise in volume of toxic substances are driving the growth of regenerative thermal oxidizermarket across the region.However, the rising adoption of bio-scrubbers and bio-filters is a hindering factor to the regenerative thermal oxidizer market growth. Further, growing industrialization in emerging economies to stimulate demandfor RTO, thereby bolstering the growth of the regenerative thermal oxidizer market.
Key Market Segments
In terms of type, thedouble bedRTO segment accounted for the largest share of the Europeregenerative thermal oxidizer marketin 2019. In terms of end-user, the chemicalsegment held a larger market share of theregenerative thermal oxidizer marketin 2019. Further, based on country, Germany held the largest share of the market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the regenerative thermal oxidizer marketin Europeare company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report areAlliance Corporation, Anguil Environmental Systems, Filtračnítechnikaspol. s r.o, CondorchemEnvitech, EISENMANN SE, Shandong Baolan Environmental Protection Engineering Co., Ltd., Ship & Shore Environmental, Inc., and Taikisha Ltd.
Reasons to buy report
EUROPEREGENERATIVE THERMAL OXIDIZER MARKET SEGMENTATION
By Type
By End-User
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2.92 Billion |
| Market Size by 2027 | US$ 3.97 Billion |
| CAGR (2020 - 2027) | 4.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Regenerative Thermal Oxidizer Market is valued at US$ 2.92 Billion in 2019, it is projected to reach US$ 3.97 Billion by 2027.
As per our report Europe Regenerative Thermal Oxidizer Market, the market size is valued at US$ 2.92 Billion in 2019, projecting it to reach US$ 3.97 Billion by 2027. This translates to a CAGR of approximately 4.0% during the forecast period.
The Europe Regenerative Thermal Oxidizer Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Regenerative Thermal Oxidizer Market report:
The Europe Regenerative Thermal Oxidizer Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Regenerative Thermal Oxidizer Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Regenerative Thermal Oxidizer Market value chain can benefit from the information contained in a comprehensive market report.
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