Press Release

Emission Control Technologies Market to Grow at Robust CAGR through 2024

Increasing automobile production and emission control regulations by the government to drive global emission control technologies market through 2024

According to TechSci Research report, Global Emission Control Technologies Market By Technology, By Fuel Type, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024, global emission control technologies market is expected to grow at an impressive rate during forecast period due to strict government regulations pertaining to emissions from vehicles. Moreover, rising urbanization is leading to increased congestion on roads and, thereby necessitating the use of environment friendly vehicle on roads, which is further anticipated to drive global emission control technologies market. Additionally, ECTs or emission control technologies can resolve issues such as smog, acid rain, greenhouse effect and air pollution.

Global emission control technologies market, globally, can be segmented based on technology, fuel type, end user industry and region. On the basis of technology, the market can be segmented into diesel oxidation catalyst, exhaust gas recirculation, diesel particulate filter, selective catalytic reduction, gasoline particulate filter, among others. Due to enactment of stringent emission control regulations for reducing nitrogen oxide (NOx), selective catalytic reduction is expected to grow at the highest rate during the forecast period. In terms of end user industry, the market can be segmented into automotive, rolling stock, off-highways, aerospace and industrial. Automotive segment dominates global emission control technologies market owing to the adoption of these technologies for reducing tailpipe emission.

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BASF SE, Clean Diesel Technologies, Inc., Corning Incorporated, Johnson Matthey, Tenneco Inc., Delphi Corp., Robert Bosch GmbH, AeriNox Inc., Clariant AG, DCL International Inc., etc. are some of the leading players operating in global emission control technologies market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

“Asia-Pacific region is expected to witness significant growth during forecast period as economies, such as China and India, present in the region are implementing stringent regulations pertaining to pollution, thereby bolstering the demand for emission control technologies across these countries. Moreover, China and India, are among the top five automobile industries in the world which is leading to increasing demand for emission control technologies in automobile exhaust systems, thereby positively influencing Asia-Pacific emission control technologies market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Emission Control Technologies Market By Technology, By Fuel Type, By End User Industry, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global emission control technologies 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 global emission control technologies market.


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