Global Emission Control Products Market: Overview

Emission control products refer to the devices that help reduce the emissions produced by motor vehicles. While these emissions are of various kinds, including carbon monoxides, hydrocarbons, mono-nitrogen oxides, soot, sulfur oxide, and other volatile organic compounds, there is a growing requirement to curtail the emission because of its negative impact on public health as well as natural environment. With looming concerns pertaining to global warming, the demand in the global market for emission control products and technology is surging, and is estimated for a healthy CAGR during the forecast period of 2016-2024. 

Although the term “emission control products” includes various materials, chemicals, and devices, a keen focus is currently placed on emission control filters, catalysts, and sensors. Additionally, membranes, sorbents, and chemicals used for emission control purpose will also be reported as a secondary focus. Emission control products and technologies can be segmented as: autocatalyst (cars and small vehicles), heavy duty diesel (large vehicles with diesel engines and construction equipment), and stationary emissions (gas turbines, marine, coal fired power plants, and locomotive). The three-way catalyst technology is among the most important for emission control, which is used on spark-ignited and gasoline vehicles worldwide. It is named thus as it helps curb three chief pollutants: carbon monoxide (CO), oxides of nitrogen (NOx), and volatile organic compounds (VOCs). 

Global Emission Control Products Market: Trends and Opportunities

The exponential rise in energy consumption, surge in transportation requirements, and increasing sales of automobiles across the global are some of the prominent factors driving the global market for emission control products. Moreover, increasingly stringent EPA emission standards and their extension into previously regulated areas is another factor that is expected to augment the demand during the forecast period. 

The global market for emission control product and technology is experiencing a consistent increase in the research and development activities, which are focused on developing products that are efficient, and cost-effective. A significant chunk of research efforts are also focused on customization of technologies in order to serve the specific requirements of each region, country, and industry. Abundant opportunities are available in the global emission control products market for original equipment manufacturers (OEMs) because industrial sector has specific emission control product and technology needs. Most prominent organizations are looking toward outsourcing partners to tap these opportunities so as to attain cost competitiveness and a greater global presence. 

Global Emission Control Products Market: Region-wise Outlook

Geographically, the global market for emission control products can be divided into North America, Europe, Asia Pacific, and rest of the world. Currently, North America serves the maximum demand, primarily due stringent government policies against pollution and higher rate of vehicles per person. However, vast populations and landscapes in Asia Pacific is promoting the region as the most lucrative market during the forecast period. Automobile industry is at an all-time peak in the this region and governments of emerging economies such as India and China are coming up with strict regulations against pollution, which as a result will expand the demand rapidly in the region. 

Companies mentioned in the research report

Some of the prominent companies currently operational in the global emission control products market are Donaldson Company Incorporated, Engelhard, Corning, Johnson Matthey, Delphi Corporation, NGK Insulators Limited, and Bosch (Robert) GmbH. Other players include ABB Limited, Albemarle Corporation, Alphasense Limited, AMETEK Incorporated, Aquilex Services Corporation, BASF AG, Calgon Carbon Corporation, Camfil Farr Group, Carbochem Incorporated, Church & Dwight Company Incorporated, Corning Incorporated, Degussa AG, Earth Sciences Incorporated, First Technology plc, Gore (WL) & Associates Incorporated, Grace (WR) & Company, Honeywell International Incorporated, Horiba Limited, Novatech Controls Pty Limited, Nuon NV, OM Group Incorporated, and Siemens AG. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

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Emission Control Product And Technology Market