PUBLISHER: The Business Research Company | PRODUCT CODE: 1704266
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704266
Emission equipment refers to devices and systems specifically designed to monitor, control, and reduce the emissions of pollutants from diverse sources. The primary objective of emission equipment is to mitigate environmental impact, enhance air quality, and ensure compliance with stringent regulatory standards governing air pollution.
The main types of emissions targeted by emission equipment include particulate matter control, nitrogen oxides control, sulfur oxides control, and volatile organic compounds control. Particulate matter (PM) control equipment is engineered to capture and eliminate fine solid particles and liquid droplets suspended in the air, typically generated by industrial processes such as combustion and manufacturing. Various solutions within this domain include emission test equipment, emission test software, and emission test services, utilized across a spectrum of industries including industrial, automotive, marine, aerospace, and others.
The emission equipment market research report is one of a series of new reports from The Business Research Company that provides emission equipment market statistics, including emission equipment industry global market size, regional shares, competitors with an emission equipment market share, detailed emission equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the emission equipment industry. This emission equipment research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The emission equipment market size has grown rapidly in recent years. It will grow from $172.12 billion in 2024 to $191.29 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to environmental regulations and policies, industrialization and urbanization, growing public awareness and advocacy, rising health concerns, and awareness of environmental issues.
The emission equipment market size is expected to see rapid growth in the next few years. It will grow to $287.8 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to continued stricter environmental regulations, economic growth, and industrial expansion, increased public and governmental pressure, global agreements and initiatives, and health and environmental impact awareness. Major trends in the forecast period include technology advancements, integration of advanced technologies, renewable energy and clean technologies, focus on sustainable and green technologies, digitalization, and smart technologies.
The rise in greenhouse gas emissions is expected to drive the growth of the emission equipment market. Greenhouse gas emissions involve the release of gases into the Earth's atmosphere that trap heat, contributing to the greenhouse effect and global warming. The increase in emissions is largely due to human activities and natural processes that have intensified over the past century. Emission equipment plays a vital role in mitigating these emissions by reducing pollutants released into the atmosphere from various industrial and commercial activities. For example, in June 2024, the U.S. Energy Information Administration, a U.S.-based government agency, reported that CO2 emissions increased from 35.72 billion metric tons in 2021 to 38.50 billion metric tons in 2022. As a result, the growing level of greenhouse gas emissions is fueling the expansion of the emission equipment market.
Key companies in the emission equipment market are innovating with advanced products such as IoT-based building management systems to lower energy consumption and emissions. These systems optimize energy use by monitoring and controlling building systems such as lighting and ventilation in real-time. For instance, Siemens AG introduced the Connect Box in March 2023, an open and user-friendly IoT solution designed to manage and reduce emissions from small to medium-sized buildings. The Siemens Connect Box enhances building operations by collecting real-time data from IoT sensors to monitor energy usage and system performance. Using this data, it adjusts operations to maximize efficiency, thereby reducing overall emissions from the building.
In October 2024, ABB Ltd., a Switzerland-based technology company, acquired Fodisch Group for an undisclosed amount. This acquisition enables ABB to strengthen its leadership in continuous emissions monitoring and enhance its sustainability solutions for industrial operations. Fodisch Group, a Germany-based analytical solutions company, specializes in continuous emission monitoring and environmental compliance solutions.
Major companies operating in the emission equipment market are BASF SE, Siemens AG, General Electric Company, Thermofisher Scientific Inc., Honeywell International Inc., ABB Ltd., Baker Huges Co., Alstom SA, Johnson Matthey plc, Emerson Electric Co., ANDRITZ AG, Fuji Electric Co. Ltd., Ametek Inc., Teledyne Technologies Incorporated, HORIBA Ltd., SICK AG, Spectris plc, Thermax Limited, Babcock And Wilcox Enterprises Inc., Enviro Technology Services plc
North America was the largest region in the emission equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the emission equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the emission equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The emission equipment market consists of sales of emission monitoring systems, emission control devices, activated carbon filters, industrial dust collectors, and industrial flares. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Emission Equipment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on emission equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for emission equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The emission equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.