According to estimates, the global market for odour control systems will be valued $1.19 billion in 2022. The overall sales are expected to increase at a moderate CAGR of 4.7% between 2022 and 2029, reaching US$ 1.57 Bn by 2029 due to the increasing adoption of odour control systems for improving air quality levels across diverse industries.
Odour control system sales have increased in recent years as a result of growing industrialisation and the implementation of strict environmental restrictions. These technologies are being used by industrialists to eliminate the odour molecules. Around 12% of the worldwide industrial control system market in 2020 was made up of odour control systems.
Request for sample @
With a significant share of 47.0% in 2022, Asia Pacific will continue to rule the global market for odour control systems. The Asia Pacific odour control system market is being driven by a number of reasons, including rapid industrialization, the implementation of new environmental legislation, and the existence of major market participants.
Future Market Insights foresees a comparison and review study of the market dynamics for smell control systems, which are primarily influenced by a number of industry-specific elements as well as a few distinct effects regarding viewpoints that foster industry innovation. Some of the factors propelling the odour control system market include rapid industrialization, the implementation of new environmental rules, and the existence of major industry competitors.
FMI research shows that the difference between the BPS values found in the market for odour control systems in H1 2022 – Outlook over H1 2022 Projected shows a 19-unit drop. The market, however, is anticipated to decline by 21 BPS in H1 -2022 compared to H1, 2021. rising adoption in a variety of industries, including food and beverage production and wastewater treatment to petrochemical and pharmaceuticals will continue driving the market.
During the forecast period, the market is expected to grow as a result of rising demand for potable water and an increase in the number of facilities for treating solid waste and wastewater. Additionally, the need for cutting-edge and affordable products is rising as automation spreads quickly in the industrial sector.
As a result, manufacturers of odour control systems are incorporating cutting-edge smart technology into their designs. It is believed that this will accelerate market expansion.
Market forecasts for odour control systems from 2013 to 2021 and 2022 to 2029 are provided.
Demand is anticipated to increase at a CAGR of 4.7% between 2022 and 2029, up from the 3.9% CAGR seen from 2013 to 2021, according to FMI.
Request For TOC @
The market will continue to be driven by rising usage across a variety of industries, including wastewater treatment, food and beverage production, petrochemical production, and pharmaceuticals.
These systems are the best way to eliminate offensive gases including hydrogen sulphide, organic sulphides, ammonia, and other volatile organic substances. To raise the degree of air quality, numerous companies are using them more frequently.
portfolios. They are adopting various organic and inorganic strategies such as mergers, partnerships, new product launches, collaborations, and acquisitions to gain a competitive edge in the market. For instance:
- In June 2020, CECI Environmental Corp., a leading global air quality and fluid handling technology company, completed the acquisition of Environmental Integrated Solutions Limited (EIS). The acquisition will expand the odour control product portfolio of the company.
- In May 2019, Catalytic Products International (CPI) installed an 8,000 SCFM Regenerative Thermal Oxidizer (RTO) at a Western USA bakery for the abatement of Volatile Organic Compounds (VOCs).
Odour Control System Market by Category
- Physical Odour Control
- Adsorption System
- Ozone Generators
- Chemical Odor Control
- Chemical Scrubbers
- Thermal Oxidizers
- Biological Odour Control
- Biofilters/Biotrickling Filters
- Bio Scrubbers
- Waste Treatment Facilities
- Food & Beverages
- Pulp & Paper
- Chemical & Petrochemical
- Other Industries
- North America
- Latin America
- Asia Pacific