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Regenerative Thermal Oxidizer Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07593
Pages: NA
Oct 2020 | 38 Views
 
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Regenerative thermal oxidizer (RTO) is an industrial machine that treats the exhaust gas produced in industries. An RTO is designed to destroy hazardous pollutants and volatile organic compounds coming out of industries, thereby preventing them from polluting the air. It uses extremely high temperatures to neutralize the harmful pollutants. The RTO converts the pollutants into carbon dioxide and water vapor by a high-temperature thermal oxidation process. Pollutants, such as carbon monoxide, oxides of nitrogen, and suspended particulate matter, are treated by using this machine. Further, it is employed in major manufacturing industries such as mining, chemical, automobile, food & beverages, and others.

Market scope and structure analysis:

               Report Metric

                                      Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Product Type, Control Type, Industry Vertical, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Alliance Corporation, Anguil Environmental Systems, Catalytic Products International, Condorchem Envitech, Eisenmann SE, Filtran technika spol. s r.o., Ship and Shore Environmental Inc., and Shandong Baolan Environmental Protection Engineering Co., Ltd.

 

COVID-19 scenario analysis:

  • Industries, such as automobile, general manufacturing, and electronics, have faced disruption in their manufacturing processes, thereby lowering the demand for RTOs in the global market.
  • However, a few essential industries, such as pharmaceuticals, food & beverages, power generation, and chemicals, have faced limited disruptions due to the demand for essential supply. Therefore, it did not have any negative effects on the RTO market.
  • Nationwide lockdowns imposed by several governments to lower the transmission of the virus have caused massive impact on the supply of components for the regenerative thermal oxidizer market.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Rapid industrialization and constantly growing manufacturing activities have led to increase in use of regenerative thermal oxidizers in different industries such as automotive, electronics, mining, and others. Currently, air pollution is a major point of concern for governments of several nations around the globe. As a result, strict regulations are being imposed to improve the air quality. The governments insist businesses to incorporate technologies, such as RTO, to minimize the emissions of hazardous compounds into the environment. Therefore, RTOs have become an important component for manufacturing industries such as pharmaceutical, automobile, mining, food & beverages, and refractories.

However, the availability of other equipment, such as bio-filters and bio-scrubbers, might affect the growth of the market. Stringent laws on pollution control and favorable government initiatives to different industries are expected to encourage them to adopt more energy-efficient and clean processes for manufacturing. Therefore, this is anticipated to eventually lead to the escalation in demand for regenerative thermal oxidizer machines.

Europe holds the major fraction of the RTO market, owing to the significant presence of automobile, chemicals, pharmaceutical, and other industries along with stringent government regulations on air pollution. The Asia-Pacific RTO market is also anticipated to grow significantly due to rapid industrialization in emerging economies such as India and China.

Key segments covered:

                     Segments

                                  Sub-segments

  Product Type

  • Rotary Regenerative Thermal Oxidizer
  • Compact Type Regenerative Thermal Oxidizer

  Control Type

  • Single Bed Regenerative Thermal Oxidizer
  • Double Bed Regenerative Thermal Oxidizer
  • Triple Bed Regenerative Thermal Oxidizer

  Industry Vertical

  • Automotive
  • Chemical
  • Coating and Printing
  • Electrical & Electronics
  • Food & Beverage
  • Mining
  • Pharmaceutical
  • Refractories & Foundries
  • Renewable Industry
  • Woodworking
  • Semiconductor
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the regenerative thermal oxidizer market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the regenerative thermal oxidizer market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the regenerative thermal oxidizer market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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