NEW
YORK, Oct. 13, 2024 /PRNewswire/ -- Report on
how AI is driving market transformation - The Global Thermal
Treatment Air Filtration Market size is estimated to grow by
USD 1.47 billion 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..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Oil and gas,
Chemicals, Transportation, Pulp and paper, and Others), Type (RTO,
Thermal oxidizer, Catalytic oxidizer, and RCO), and Geography
(APAC, North America, Europe, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
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.
|
Key Market Trends Fueling Growth
The global thermal treatment air filtration market is
anticipated to experience notable growth due to the expanding oil
and gas industry and petrochemicals. The oil and gas sector, along
with the petrochemical industry, is experiencing a rapid growth
trajectory, driven by the increasing global population and energy
demand. 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 of 101.0 million b/d in 2019.
This growth is further fueled by several major refinery expansions
underway, such as India's plan to
double its oil refining capacity to 450-500 million tons by 2030
and China's decision to cap its
crude oil refining capacity at 1,000
Mt/year (20 mbl/d) by 2025. The continuous expansion of the
oil refining industry is a significant trend in the global thermal
treatment air filtration market, driving its growth during the
forecast period.
The Thermal Treatment Air Filtration market is experiencing
significant growth due to rising pollution levels and the
associated health diseases caused by pollutants, volatile organic
compounds, and hazardous air pollutants. Industries like Oil and
Gas, Coating and Printing, and Energy and Resource are major
contributors to these pollutants, leading to workplace safety
concerns and health issues such as asthma, cardiovascular problems,
lung cancer, stroke, and ischaemic heart disease. Thermal
Oxidizers, including Catalytic and Regenerative Thermal Oxidizers,
play a crucial role in addressing these challenges by eliminating
toxic contaminants like sulfur dioxide, carbon monoxide, carbon
dioxide, and particulate matter from industrial air streams.
Advanced technologies like Artificial Intelligence, Machine
Learning, and the Internet of Things are being integrated into air
treatment systems to optimize moisture control and improve overall
efficiency. Sustainable development and pollution control
guidelines are driving the market, with a focus on reducing
emissions and minimizing the environmental impact. Building
Materials industries, such as Cement and Lime, and the Consumer
Goods Industry are also adopting thermal treatment air filtration
systems to meet regulatory requirements and ensure a healthier work
environment.
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Market Challenges
- The thermal treatment air filtration market faces a significant
challenge due to the increasing reliance on natural gas in the
power generation sector. While thermal oxidizers require assist
fuel when waste stream heating values are low, they can function as
fuel sources for medium-to-high heating value waste streams.
Natural gas is commonly used as an assist gas, but alternatives
like propane are also viable. However, the over-reliance on natural
gas in power generation exposes consumers to volatility in
electricity prices due to fluctuating natural gas prices. Power
utilities aim to maintain a balanced feedstock portfolio to
mitigate this risk. However, the ongoing shift towards natural
gas-driven power generation poses a challenge. While low natural
gas prices currently make over-reliance seem less harmful,
historical trends suggest that this could lead to significant price
increases as demand grows and global crude oil prices recover.
These price hikes would negatively impact power utilities and
ultimately consumers, potentially hindering the growth of the
thermal treatment air filtration market.
- The Thermal Treatment Air Filtration market faces challenges
from various polluting compounds, including sulfur dioxide, carbon
monoxide, carbon dioxide, and particulate matter. Compliance with
pollution control guidelines is crucial for industries like
Building Materials, Consumer Goods, Energy and Resource, Metals and
Mining, and others. Sustainable development and advanced
technologies, such as Artificial Intelligence, Machine Learning,
and Internet of Things, are essential to address these challenges.
Thermal Oxidizers, including Catalytic Oxidizers, Regenerative
Thermal Oxidizers, and Regenerative Catalytic Oxidizers, play a
significant role in treating exhaust gases from industrial
processes. Moisture control, air treatment, and moisture control
are also critical. Thermal energy recovery through technologies
like catalytic converters and heat exchangers, as well as
high-performance commercial filters, are key solutions to address
pollution problems, an international issue. Dust collection and
advanced technology are essential to mitigate hazardous airborne
pollutants and toxic chemicals.
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Segment Overview
This thermal treatment air filtration market report extensively
covers market segmentation by
- End-user
- 1.1 Oil and gas
- 1.2 Chemicals
- 1.3 Transportation
- 1.4 Pulp and paper
- 1.5 Others
- Type
- 2.1 RTO
- 2.2 Thermal oxidizer
- 2.3 Catalytic oxidizer
- 2.4 RCO
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Oil and gas- In the oil and gas industry,
thermal treatment air filtration plays a vital role due to the
release of emissions and pollutants during operations. This
filtration method is utilized in processes like vapor recovery,
flare gas emissions control, and refining and petrochemical
operations. Contaminants such as volatile organic compounds (VOCs),
hydrocarbons, sulfur compounds, and particulate matter are
generated. Thermal treatment air filtration systems are essential
for removing these contaminants and ensuring regulatory compliance.
Strict environmental regulations aiming to curb air pollution and
reduce carbon footprints are driving the demand for advanced air
filtration technologies in the oil and gas sector. As governments
continue to tighten emission standards, companies are adopting
these systems to comply and demonstrate environmental stewardship.
Therefore, the advantages of thermal treatment air filtration in
the oil and gas industry are expected to fuel its growth in the
market during the forecast period.
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gain insights into AI's impact on market dynamics, emerging trends,
and future opportunities- including forecast (2024-2028) and
historic data (2018 - 2022)
Research Analysis
The Thermal Treatment Air Filtration market addresses the
growing concern over increasing pollution levels and associated
health diseases caused by various pollutants in industrial air
streams. These pollutants include volatile organic compounds
(VOCs), hazardous air pollutants (HAPs), and toxic chemicals. The
oil and gas industry, cement and lime production, consumer goods
industry, energy and resource extraction, metals and mining, and
building materials production are major contributors to these
polluting compounds. Thermal treatment technologies, such as
Thermal Oxidizers (TO), Catalytic Oxidizers (CO), Regenerative
Thermal Oxidizers (RTO), and Regenerative Catalytic Oxidizers
(RCO), are advanced solutions to mitigate these hazardous airborne
pollutants. Thermal energy recovery systems, dust collection, and
heat exchangers are additional components of these systems that
offer energy efficiency and cost savings. The international issue
of pollution is a significant challenge, and thermal treatment air
filtration systems play a crucial role in ensuring workplace safety
and reducing the environmental impact of industrial processes.
Catalytic converters are another application of thermal treatment
technology used in automobiles to reduce emissions.
Market Research Overview
The Thermal Treatment Air Filtration market addresses the
growing concern over increasing pollution levels and their impact
on health. Pollutants such as volatile organic compounds, hazardous
air pollutants, and toxic contaminants pose significant risks to
human health, leading to diseases like asthma, cardiovascular
problems, lung cancer, stroke, and ischaemic heart disease.
Industrial air streams, particularly in sectors like oil and gas,
coating and printing, and energy and resource extraction,
contribute significantly to these pollutants. Thermal treatment air
filtration systems, including Thermal Oxidizers (TOx), Catalytic
Oxidizers (CATOx), Regenerative Thermal Oxidizers (RTOx), and
Regenerative Catalytic Oxidizers (RCOx), play a crucial role in
mitigating these risks by eliminating polluting compounds and
hazardous airborne pollutants. Advanced technologies like
artificial intelligence, machine learning, and the Internet of
Things are being integrated into these systems to optimize
performance and improve sustainability. Moisture control, air
treatment, and thermal energy recovery are essential features of
these systems. Industries like building materials, cement and lime,
consumer goods, metals and mining, and commercial filters rely on
thermal treatment air filtration to meet pollution control
guidelines and ensure workplace safety. Pollution problems are an
international issue, and the adoption of advanced technologies in
air filtration is a critical step towards sustainable development.
Exhaust gases from industrial processes contain pollutants like
sulfur dioxide, carbon monoxide, carbon dioxide, and particulate
matter, which can be effectively eliminated using thermal treatment
air filtration systems. These systems also recover thermal energy,
making them cost-effective and environmentally friendly. Catalytic
converters and heat exchangers are commonly used components in
these systems to enhance their efficiency and performance.
High-performance filters ensure the removal of even the smallest
particles, making thermal treatment air filtration an indispensable
technology for industries and commercial establishments.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Oil And Gas
- Chemicals
- Transportation
- Pulp And Paper
- Others
- Type
-
- RTO
- Thermal Oxidizer
- Catalytic Oxidizer
- RCO
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
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/
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