Global Odour Control System Market anticipated to reach US$ 1.99 billion by 2033, expanding at a 4.8% CAGR | Future Market Insights, Inc.

Strict government regulations and growing demand are driving the growth of the odour control system market, which is expected to reach US$ 1.25 billion by the end of 2023. Industrial facilities and wastewater treatment plants are the major contributors to this growth, as they generate significant odour emissions

NEWARK, Del., Oct. 11, 2023 /PRNewswire/ -- Odour Control System Market Analysis by Physical Odour Control Systems and Chemical and Petrochemical End Usages from 2023 to 2033

The global odour control system market is anticipated to reach a valuation of US$ 1.25 billion in 2023, driven by strict government regulations. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 4.8% between 2023 and 2033. It is estimated to gain a valuation of approximately US$ 1.99 billion by 2033.

Odour Control System Market Overview (2018 to 2033):

 

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During the forecast period, the market is expected to grow due to increasing consumer demand for potable water and an increase in the number of facilities for treating solid waste and wastewater.

The industrial sector's growing use of automation boosts demand for high-tech, low-cost goods. Producers of odour control systems are incorporating cutting-edge smart technology into their offerings.

Key Takeaways from the Market Study

• The market for odour control systems expanded at a CAGR of 3.9% from 2018 to 2022.
• It is estimated that by 2023, the United States odour control system market will hold 35.7% of the global market share.
• China will take 24.2% of the global market for odour control systems in 2023.
• By the end of 2023, the Japan odour control system market will hold 7.3% of its global market share.
• By 2023, the France market for odour control systems is expected to increase by 8.2%.
• By 2023, it is anticipated that the market for odour control systems in the United Kingdom will have a 7.1% market share.
• Physical odour control systems account for more than 50% of the market for odour control systems globally.
• The chemical and petrochemical sector would hold 36.8% of the global market for odour control systems in 2023.

"The primary driver of market expansion is the rising demand for odour reduction across a range of end-use sectors," Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

The sector's competitiveness is predicted to deteriorate further since many firms are focusing on developing advanced and affordable system types and technologies. For instance, the big rivals focus on providing low cost and minimal maintenance items to hold a substantial piece of the market. The main running firms invest money in research and development to deliver a superior system type.

Prominent players in the odour control system market are:

• Babcock & Wilcox Enterprises, Inc.
• CECO Environmental.
• Anguil Environmental Systems, Inc.
• Evoqua Water Technologies LLC
• Scotmas Limited
• Ecolab Inc.
• Tholander Ablufttechnik GmbH

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Product Portfolio

• Evoqua provides a selection of odour control solutions that are intended to regulate and get rid of unpleasant smells that are connected to industrial operations and wastewater treatment facilities. They may use chemical dosing systems, like hydrogen peroxide or chlorine, in their odour control procedures to eliminate odour-producing substances. Activated carbon or other media are used in the different odour scrubbers as well as air purification systems that Evoqua offers to trap and remove odourous substances from the air.
• Scotmas focuses in odour control techniques based on chlorine dioxide. Numerous odourous substances can be effectively neutralized by chlorine dioxide. Chlorine dioxide generators, which manufacture chlorine dioxide locally for use in odour control applications, are frequently included in their line of odour control products.
• As part of their comprehensive environmental services, Ecolab provides a range of odour control options. Their odour control solutions might include biological additions, chemical treatments, or air filtration devices designed to target certain odour sources. Ecolab focuses on offering all-inclusive solutions to assist businesses in managing and reducing odour concerns in an eco-friendly way.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global odour control system market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the odour control system market, the market is segmented on the basis of system (physical odour control, chemical odour control, biological odour control), application (waste treatment facilities, food & beverages, pulp & paper, chemical & petrochemical) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

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About the Industrial Automation Division at Future Market Insights

The industrial automation domain at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one billion+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.

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About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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