Market Research Report
North America Emission Control Technologies Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||883621|
|Published||Content info||77 Pages
Delivery time: 2-3 business days
|North America Emission Control Technologies Market Forecast 2019-2027|
|Published: July 8, 2019||Content info: 77 Pages||
Technologies that control the emission of dangerous greenhouse gases due to the internal combustion in engine and other components are called emission control technologies
The North America emission control technologies market is estimated to grow with 6.08% CAGR during the year 2019-2027. The market is anticipated to grow to $XX million by 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027.
The growth of this market is driven by factors such as regulations by government for emission control, growth in population & growth of automotive industry. The factors that are hindering the growth of the market for emission control technologies have been the rise in electric vehicle industry and rise in the price of catalyst. Price of metals such as palladium, rhodium, platinum, and others used as catalysts in automotive catalyst converts is on an increase.
The United States and Canada have the most influencing economy in the region that impacts the market trend. North American continent contains some of the developed and developing nations in the world such as United States, Canada etc. The continent contributed to the huge emission during last century. The growth in the industries such as oil and gas refineries, textiles and others have significantly increased the carbon compound emission from North America. Large number of emission control program have been developed in this continent so as to reduce the carbon emissions.
Aerinox, BASF, Clean Diesel Technologies, Clariant AG, Cormetec, Corning Incorporated, DCL International Inc., Johnson Matthey, Tenneco Inc., UMIcore, Babcock & Wilcox Enterprises, Ceco Environmental, Hamon, Thermax Ltd., and General Electric Company are the prominent companies that are driving the market expansion at an efficient pace.