Asia-Pacific Retrofit Emission Control Device Market is Expected to grow at a robust CAGR of 6.19% through 2030F
Asia-Pacific Retrofit Emission Control
Device market is increasing due to stricter environmental regulations and a
growing emphasis on sustainable industrial practices during the forecast period 2026-2030.
According to TechSci Research report, “Asia-Pacific Retrofit Emission
Control Device Market – By Country,
Competition, Forecast & Opportunities, 2020-2030F, The Asia-Pacific Retrofit Emission Control Device Market was valued at USD 23.34 Billion in 2024 and is expected to reach USD 33.77 Billion by 2030 with a CAGR of 6.19% during the forecast period.
The rapid industrialization and
infrastructure development occurring across the Asia-Pacific region serve as a
key driver for the Retrofit Emission Control Device market. Countries such as
China, India, and Southeast Asian nations are undergoing substantial
infrastructure growth, particularly in urban areas. This expansion includes the
construction of new factories, power plants, transportation networks, and
residential complexes, all of which contribute to increased emissions.
As these sectors continue to grow, there
is a heightened need for emission control solutions to mitigate the
environmental impact. Retrofit Emission Control Devices offer a practical
solution for controlling emissions from older industrial units and vehicles
without the need for complete overhauls. Additionally, many older industrial
plants are located in regions with stricter emissions regulations, making
retrofitting an attractive option to ensure compliance. The ongoing
infrastructure development ensures a constant demand for retrofit emission
control solutions, contributing to the market's expansion.
The lack of skilled labor and technical expertise in
retrofitting emission control devices represents another considerable challenge
for the market in the Asia-Pacific region. The successful installation and
maintenance of retrofitted emission control systems require specialized
knowledge in both environmental technologies and the existing industrial
infrastructure. However, the shortage of skilled technicians capable of
handling these complex tasks is a growing concern.
Many countries in the Asia-Pacific region are facing a
skills gap in the workforce, particularly in the fields of environmental
engineering, industrial equipment maintenance, and installation of advanced
emission control systems. As retrofitting technologies become more
sophisticated, the need for highly trained engineers, technicians, and
installation personnel is becoming more pronounced. The limited availability of
such professionals means that businesses may struggle to find the necessary
expertise to carry out retrofitting projects effectively and efficiently.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the " Asia-Pacific Retrofit Emission Control Device Market"
Based on By Device Type, The Vapor
Recovery Units (VRUs) segment is emerging as the fastest-growing segment in the
Asia-Pacific Retrofit Emission Control Device market, driven by increasing
concerns over volatile organic compound (VOC) emissions and the growing demand
for air quality control solutions across industries. These devices play a
crucial role in capturing and recovering vapors from storage tanks, pipelines,
and other industrial sources, preventing the release of harmful pollutants into
the atmosphere. As countries in the region tighten environmental regulations to
mitigate air pollution and meet global sustainability goals, the adoption of
VRUs has gained significant momentum.
Several factors contribute to the rapid growth of the
Vapor Recovery Units segment in the Asia-Pacific region. First, stringent
environmental laws and regulations targeting the reduction of harmful emissions
from oil and gas, chemical, and petrochemical industries have accelerated the
demand for VRUs. These units are particularly effective in capturing VOCs,
which are harmful to both human health and the environment. As a result,
industries are increasingly investing in retrofitting existing systems with VRUs
to meet regulatory requirements and improve their sustainability practices.
Second, the rising awareness of the environmental
impact of industrial activities, particularly in countries with rapidly
developing economies like India and China, is driving the adoption of more
advanced emission control technologies. The need for cost-effective and
efficient solutions to reduce emissions is leading industries to prioritize the
installation of VRUs. Furthermore, the increasing focus on energy recovery and
operational efficiency is making vapor recovery units an attractive solution
for industries aiming to reduce waste and improve the bottom line.
As regulations become stricter and industries seek to
optimize their operations, the Vapor Recovery Units segment is expected to
continue its growth, outpacing other device types in the Asia-Pacific Retrofit
Emission Control Device market during the forecast period.
Based on country, Malaysia is emerging as the
fastest-growing region in the Asia-Pacific Retrofit Emission Control Device
market, driven by strong governmental support, regulatory frameworks, and a
growing demand for sustainable industrial solutions. The Malaysian government’s
commitment to energy efficiency through initiatives like the National Energy
Transition Roadmap and mandatory energy audits is encouraging industries to
adopt advanced emission control technologies. Additionally, Malaysia is
experiencing significant growth in its environmental technology sector, as
industries become more aware of the importance of reducing pollution and
adhering to sustainability goals.
The country’s regulatory environment is
becoming increasingly stringent, urging sectors such as oil and gas,
automotive, and manufacturing to adopt retrofit emission control devices to
comply with stricter emission norms. Strategic partnerships between local
organizations and global industrial equipment companies have further
accelerated the adoption of these technologies. Companies like ABB, Atlas
Copco, and Daikin are working with Malaysian authorities to drive energy
efficiency and improve emission control across various industries. As a result,
Malaysia's market for retrofit emission control devices is expanding rapidly,
with increasing investments and innovation in this space, positioning the
region to maintain its leadership in the Asia-Pacific market throughout the
forecast period.
Top of Form
Bottom of Form
Key market players in the Asia-Pacific Retrofit
Emission Control Device market are: -
- Mitsubishi
Heavy Industries Ltd.
- Thermax
Ltd.
- General
Electric Company (GE)
- Fujian
Longking Co., Ltd.
- Eberspächer
Group
- Chakr
Innovation
- Yokogawa
Electric Corporation
- Johnson
Controls International plc
- Wah Seong
Corporation Berhad
- Cummins
India Ltd.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The Asia-Pacific Retrofit Emission
Control Device market is expected to grow significantly in the future, driven
by stricter environmental regulations, increased industrialization, and
heightened awareness of air pollution. As countries like China, India, and
Malaysia push for greener solutions, industries will invest more in emission
control technologies to meet regulatory standards. Additionally, growing demand
for energy-efficient solutions and advancements in emission control technology
will further fuel market expansion. With continuous government support,
investments in sustainable technologies, and the shift toward cleaner
industrial practices, the market is poised for steady growth in the coming
years.” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based Global management consulting firm.
“Asia-Pacific Retrofit Emission Control Device Market Segmented By Installation Type (Retrofit, New
Installation), By Device Type (Catalytic Converters, Electrostatic
Precipitators (ESPs), Flue Gas Desulfurization (FGD) Units, Selective Catalytic
Reduction (SCR) Systems, Baghouse Filters, Vapor Recovery Units, Oxidizers, Absorption
Columns), By End-Use Industry (Automotive &
Transportation, Industrial Manufacturing, Power Generation (Thermal &
Coal-Fired Plants), Marine, Oil & Gas), By Country, Competition,
Forecast and Opportunities, 2020-2030F,” has evaluated the future
growth potential of Asia-Pacific Retrofit Emission Control Device Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Asia-Pacific Retrofit Emission Control Device Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com