Technavio, a leading provider of market research reports, has released its latest study on Thermal Treatment Air Filtration Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The oil and gas and petrochemical sectors are experiencing robust expansion due to the escalating global population and surging energy demands. According to the U.S. Energy Information Administration (EIA), global consumption of petroleum and other liquid fuels reached an average of 101.1 million barrels per day (b/d) in 2023, surpassing the pre-pandemic record. This growth trajectory in the oil and gas industry is projected to propel the expansion of the global thermal treatment air filtration market, as the sector demands advanced filtration technologies to ensure operational efficiency and environmental compliance.
The global thermal treatment air filtration market size is estimated to grow by USD 1465.9 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.35% during the forecast period. Stringent environmental regulations is driving market growth, with a trend towards growing petroleum refining However, risk of volatility in natural gas prices poses a challenge.Key market players include Accurate Thermal Systems LLC, Air Clear LLC, Anguil Environmental Systems Inc., APC Technologies Inc., Catalytic Products International Inc., CECO Environmental Corp., COLT TECHNOLOGIES INC., CTP Chemisch Thermische Prozesstechnik GmbH., Deuring Group GmbH., Durr AG, FIVES SAS, Freudenberg and Co. KG, Glenro Inc., Koch Industries Inc., Taikisha Ltd., Tellkamp Systems Inc., The CMM Group, and Zeeco Inc..
Know what is trending in the market - Access a free sample report!
The industrial machinery and supplies and components market encompasses businesses involved in the manufacturing of industrial machinery, presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers supplying equipment for industrial applications. Factors driving growth in this market include the expanding industrial output in process and discrete industries, particularly in developing countries, resulting in increased demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.
The Thermal Treatment Air Filtration Market is experiencing significant growth, fueled by the Stringent environmental regulations. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
For insights on company offerings- Request a sample report!
The Thermal Treatment Air Filtration Market represents a significant business opportunity due to increasing environmental regulations and growing awareness towards indoor air quality. This market is driven by the rising adoption of advanced filtration technologies, such as thermal regenerative and heat recovery systems, in various industries, including healthcare, food and beverage, and manufacturing. These systems effectively eliminate pollutants, ensuring compliance with stringent air quality standards and enhancing overall operational efficiency. The market is projected to experience robust growth in the coming years, driven by technological advancements and expanding applications.
The Thermal Treatment Air Filtration Market encompasses various technologies such as Heat Exchangers, Catalytic Converters, Thermal Energy Recovery, and Dust Collection systems. These technologies play a crucial role in addressing international issues related to pollution problems caused by industries like Metals and Mining, Energy and Resource, Consumer Goods, Cement and Lime, Building Materials, Oil and Gas, and others. Heat exchangers help recover thermal energy from industrial air streams, reducing energy consumption and greenhouse gas emissions. Catalytic Converters and Thermal Oxidizers (Regenerative Catalytic Oxidizers, Regenerative Thermal Oxidizers, and Catalytic Oxidizers) are advanced technologies used to eliminate hazardous airborne pollutants, including toxic chemicals, polluting compounds, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). These technologies are essential for workplace safety and public health, as prolonged exposure to high pollution levels can lead to health diseases. In industries like Oil and Gas, the presence of VOCs and HAPs is particularly concerning. By effectively treating industrial air streams, thermal treatment air filtration systems contribute to reducing pollution levels and minimizing the risk of workplace accidents and health issues.
Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted