Energy Storage Systems Market Shows Rapid Growth in Future

9-May-2019: The global energy storage systems market demand is expected to reach a total capacity of 210,803 MW By 2026, according to a new report by Grand View Research, Inc. Growing demand for efficient and competitive energy resources over the last decade has primarily driven the market. It is estimated to register a CAGR of 2.3% from 2018 to 2026.

Rising consumer awareness regarding efficient energy consumption coupled with demand for smart homes with effective load management is expected to play a major role in the development of energy storage system market. Ascending demand by electric utilities, on account of need for distributed energy integration with the main grid, is likely to fuel the growth over the forecast period.

Hybrid systems including start-stop systems, hybrid vehicles, and e-bikes are expected to present the strongest growth opportunity for lithium-ion battery manufacturers. Companies such as AES, GE Renewable, and Altairnano are investing huge capital in R&D of new technologies within the battery storage segment.

Pumped Hydro Storage (PHS) systems is expected to remain a dominant segment by 2026 due to ongoing investments to enhancing on-grid capacity and upgrading energy infrastructure in North America and Asia Pacific. The segment accounted for over 90% of the global energy storage systems capacity in 2017.

In depth research report on Energy Storage Systems Market

https://www.grandviewresearch.com/industry-analysis/energy-storage-systems-market

Further key findings from the report suggest:

·       Electrochemical storage capacity is projected to be the fastest growing segment with a CAGR of 12.6% from 2018 to 2026

·       North America is estimated to expand at a CAGR of 4.0% over the forecast period

·       Asia Pacific energy storage systems market holds the largest share globally with a cumulative capacity expected to exceed 102 GW by 2026

·       Electromechanical storage capacity in Germany was estimated to be 688.2 MW in 2017 and is projected to register a CAGR of 3.9% over the forecast period

·       Some of the prominent market players include The Furukawa Battery Co.; GE; Electrovaya; Active Power; Fluence; Saft; EnSync; Maxwell Technologies, Inc.; and AltairNano.

Grand View Research has segmented the global energy storage systems market on the basis of technology and region:

Energy Storage Systems Technology Outlook (Capacity, MW, 2014 - 2026)

·       PHS

·       Electrochemical

·       Electromechanical

·       Thermal

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Lithium-Ion Battery: Light-Weight Energy Storage Solutions

27-December-2018: According to a report by Grand View Research, Inc.; the global lithium-ion battery market is anticipated to attain USD 93.1 billion by 2025. Growing requirement for cost-effective and light-weight energy storage solutions is anticipated to propel market growth over the forecast period (2018 to 2025). This battery can offer high safety level and energy density as compared to conventional batteries. This factor is anticipated to fuel demand in near future.

Increasing number of photovoltaic (PV) installations and nuclear power plants attributed to commencement of new wind energy projects can positively influence market growth. Rising adoption of lithium-ion batteries in medical equipment can stimulate market over the next few years. Rising use in portable electronics, electric vehicles, and grid storage systems attributed to high safety level and energy density can spur market growth during the forecast period.

The worldwide lithium-ion battery market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), lithium Nickel Cobalt Aluminum oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), and Lithium Nickel Manganese Cobalt (NMC). In 2016, NMC dominated the market and accounted for around 26% of market share. Growing adoption in e-bikes, powder tools, and other electronic powertrains on account of its higher energy density, longer lifecycle, and lower cost can fuel demand over the forecast period. In addition, NMC can offer high capacity, high power, high performance, and excels on specific energy.

Similarly, the LFP segment is likely to expand at a CAGR of 17.5% from 2017 to 2025. LFP batteries can offer advanced safety and long life span to product. There is a high demand from stationary and portable applications due to requirement for high load currents and endurance. This, in turn, can positively influence market growth over the forecast period. In addition, continual R&D activities by manufacturing companies for development of high-quality and effective products can augment market expansion. Moreover, favorable government regulations coupled with provision of subsidiaries for Electric Vehicles (EVs) can fuel product sales.

Based on application, the market can be classified into automotive, energy storage systems, consumer electronics, and industrial. In 2016 consumer electronics dominated the market and accounted for largest market share equivalent to USD 11.92 billion. Reliability and high durability of these batteries in consumer appliances such as smartphones and laptops can influence market growth over next few years. In addition, expanding electronics sector in countries like Japan, Taiwan, China, and South Korea can fuel demand for lithium-ion batteries during the forecast period.

Similarly, energy storage systems segment is expected to expand at CAGR of 21% from 2017 to 2025 attributed to increasing off-grid installations. Favorable government initiatives coupled with growing number of solar PV installations in China, United States, and Germany can augment market growth. Moreover, rising concern for air pollution, carbon emissions, and greenhouse gases can fuel adoption of solar power during the forecast period.

Regional segmentation includes Europe, North America, Asia Pacific, Central and South America, and Middle East and Africa. Asia Pacific is expected to expand at CAGR of 17.7% from 2017 to 2025. Growing demand for tablets and mobiles in China, Japan, India, and Thailand among other countries can propel regional market. Rising lithium-ion battery production capacity in China by numerous market players including Panasonic, LG, and Contemporary Amperex Technology Ltd. (CATL) can further fuel expansion. Moreover, rising government subsidies for electric vehicles is likely to create immense market potential over the forecast period. Wind capacity output can cross 200GW by 2020 and can drive demand for energy storage systems in the country. This, in turn, can influence market growth over next few years.

In North America, the market is anticipated to witness substantial growth during the forecast period. This expansion can be attributed to increasing sale of consumer electronics and electric vehicles sales in countries including Mexico and United States. Rising demand for lithium-ion batteries in smartphones owing to their ability ty offer extended shelf life and enhanced efficiency can augment demand in the forthcoming years.

Some of the leading companies operating in the global lithium-ion battery market are BYD Co., Ltd, LG Chem, Panasonic, Samsung, and GS Yuasa Corporation.

In-Depth Research Report On Lithium-Ion Battery Market:

https://www.grandviewresearch.com/industry-analysis/lithium-ion-battery-market

Increased Use of Lead Acid Batteries in UPS and Vehicles may Spur the Lead Acid Battery Market in Near Future

17-October-2018: The global lead acid battery market was estimated at USD 46.6 billion in 2015 and as per a research study by Grand View Research, Inc.; the market is anticipated to reach a valuation of USD 84.46 billion by 2025. This growth is attributed to the increased use of lead acid batteries in UPS and vehicles. Developments in the production processes are also expected to augment the demand over the coming years. In addition, growing automobile industry in various regions including India, Brazil, Indonesia, Germany, Mexico, is also projected to propel the market over the forecast period (from 2016 to 2025).

Increasing demand for UPS in a variety of sectors like oil and gas, manufacturing, and healthcare along with a major scope in energy storage applications may spur the market in near future. A rise in the demand for lead acid batteries in the generation of off-grid renewable energy is also likely to stimulate the overall market growth during the forecast years. Furthermore, high preference for pollution-free electric vehicles (EVs) along with rapid technological advancements is predicted to spur the product demand.

The global lead acid battery market is categorized as per product, construction method, application or end user, and region. On the basis of product, the market is categorized as stationary, motive, and SLI. On the basis of construction method, the market is segmented as flooded and VRLA. Flooded batteries were the largest consumed batteries in 2015. On the basis of applications, the market is segregated as transport vehicles, telecom, automotive, electric bikes, UPS, and others. On the basis of geographies, the market is divided into Europe, North America, Asia Pacific, Middle East and Africa, and Central and South America.

Asia Pacific led the global market in 2015 accounting for 43.6% of the overall share. The region is projected to be the highest revenue generating market during the forecast years reaching at USD 39.42 billion by 2025. Growing construction sector in the emerging region such as China, India, and Japan is expected to boost the regional market over the forecast period. In addition, favorable regulations by various government bodies for generating foreign direct investments (FDIs) and private-public partnerships are also projected to boost the region’s expansion over the next nine years.

The Europe region occupied 24.7% of the total market share and is estimated to witness substantial growth in the coming years. This is mainly due to the rising number of onshore and offshore renewable energy installations in Italy, Germany, United Kingdom, and Sweden. In addition, factors such as increasing population, high disposable income of consumers, and presence of top automobile manufacturing companies such as Mercedes-Benz and Audi are set to boost the demand for passenger vehicles in the region. This factor is also anticipated to contribute toward the growth of this region over the next few years.

Major companies operating in the worldwide lead acid battery market are Zhejiang Narada Power Source Co., Ltd.; Leoch International Technology Ltd.; Crown Battery Manufacturing Co.; East Penn Manufacturing Co.; and Johnson Controls International PLC. Johnson Controls was among the topmost companies in 2015 and accounted for 25% of the overall market share. These players focus on product innovations to gain the maximum market share and number of customers.

For example, Log 9 Materials, founded by an IIT graduate, has come up with a technological innovation that can increase the capacity of lead acid batteries. The company uses graphene, a single, thin layer of atoms placed together, to enhance the longevity of the batteries used in UPS, solar energy storage systems, and vehicles. According to the founder of the company, they have achieved a 30% improvement in the amount of charge a lead acid battery can store. So, initially if the storage capacity of a battery was for five hours, it can now be extended up to 6.5 to 7 hours.

In-Depth Research Report On Lead Acid Battery Market:

https://www.grandviewresearch.com/industry-analysis/lead-acid-battery-market

Advanced Energy Storage Systems: Reducing the Need for Utility Scale Power Generation Plants

6 September 2018: Global advanced energy storage systems market is expected to reach USD 6.93 billion by 2022, according to a new study by Grand View Research, Inc. Increasing demand for utility scale power generation particularly during peak hours is expected to augment demand for advanced energy storage systems. Advanced energy storage systems efficiently manage energy resources thereby reducing the need for utility scale power generation plants. The above factor significantly helps in reducing fixed cost and is expected to play a key role in market growth over the forecast period.

Stringent regulatory framework governing the use of fossil fuels for power generation is also expected to act as a major driver for advanced energy storage systems market growth. Power plants generate significant quantities of GHG such as CO2, which can be overcome through the efficient use of advanced energy storage systems. These systems store energy when generated and are capable of providing back up power in times of excess power demand (peak hours).

In depth research report on Advanced Energy Storage Systems Market

http://www.grandviewresearch.com/industry-analysis/advanced-energy-storage-systems-market

Further key findings from the study suggest:

·       Thermal energy storage systems were the largest technology segment in terms of installed capacity accounting for over 40% of global market in 2014. High efficiency in terms of energy storage and ability to provide power during peak hours in expected to play a major role in promoting market growth.

·       Battery storage devices market is still in a nascent stage and is expected to witness fastest growth at a CAGR of over 18% from 2015 to 2022. The market has large potential owing to easy charging properties and re-energization of the electrolyte liquid resulting in negligible wastage.

·       North America dominated the advanced energy storage systems market accounting for over 45% of global installed capacity in 2014. Stringent regulations with regards to environmental emissions are expected to result in increased installations of advanced energy storage systems, particularly in the U.S.

·       Asia Pacific is expected to be the fastest growing market for advanced energy storage systems at a CAGR of over 18% in terms of revenue from 2015 to 2022. Growing industrialization and improving consumer lifestyle has resulted in a surging need for energy which in turn is expected to augment advanced energy storage systems market in the region.

·       Advanced energy storage systems market is highly fragmented owing to the presence of numerous companies across multiple technologies. Owing to the technology driven nature of the market, key companies including AES Energy Storage, LG Chem, GE and Alevo are heavily investing into R&D to develop breakthrough technologies.

Grand View Research has segmented the global advanced energy storage systems market on the basis of technology and region:

Global Advanced Energy Storage Systems Technology Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 - 2022)

·       Batteries

·       Flywheel

·       Thermal

·       Compressed Air

·       Molten Salt

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https://www.grandviewresearch.com/industry/power-generation-and-storage

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Battery Recycling: Enabling Greener Future

Battery recycling is a process that reduces the number of batteries being disposed as waste thereby lowering adverse effects, such as soil pollution, caused by heavy metals and harmful chemicals in these batteries. Rising concerns regarding CO2 emissions from the battery manufacturing plants and conservation of precious metals are anticipated to propel the demand for battery recycling. The process can recover useful materials and metals from used batteries, which reduces production costs. This factor is also anticipated to augment its demand over the next few years.

Automobile Sector to be the Largest Consumer of Battery Recycling

Battery recycling is widely used in various industrial applications, as well as in transport and consumer electronics sectors. The transport application segment is said to generate the maximum revenue in the forecast years (from 2018 to 2025). This growth is attributed to the increased consumption of automobile batteries as result of high demand for vehicles across the globe. To cater to rising demand, most manufacturing companies are focusing on R&D to offer better products.

For instance, Toyota recently announced a new technology in batteries depending on solid electrolyte over the semi-liquid state. The automobile giant believes that this technology will allow automakers to produce lightweight and compact lithium-ion batteries for Electric Vehicles (EVs). According to the company, batteries created using this technique offer potential product recycling and longer battery, as well as vehicle, life.

Market Overview

The global battery recycling market is expected to reach USD 21.04 billion by 2025, according to a report by Grand View Research, Inc. Strict government regulations to alleviate CO2 emissions owing to rising air pollution is expected to fuel growth of this market. In addition, rising awareness regarding the benefits of recovering precious metals and materials from used batteries among manufacturers is projected to have a positive impact on the market demand.

Growing usage of recovered metals to produce batteries owing to less energy consumption can impel market growth in the years to come. Some of the prominent companies operating in the battery recycling market are Exide Technologies; Call2Recycle, Inc.; Aqua Metals, Inc.; Eco-Bat Technologies; and G&P Batteries.

In-Depth Research Report On Battery Recycling Market:

https://www.grandviewresearch.com/industry-analysis/battery-recycling-market

Global Advanced Energy Storage Systems Market Hit To Reach USD 6.93 Billion By 2022

Global advanced energy storage systems market is expected to reach USD 6.93 billion by 2022, according to a new study by Grand View Research, Inc. Increasing demand for utility scale power generation particularly during peak hours is expected to augment demand for advanced energy storage systems. Advanced energy storage systems efficiently manage energy resources thereby reducing the need for utility scale power generation plants. The above factor significantly helps in reducing fixed cost and is expected to play a key role in market growth over the forecast period.

Stringent regulatory framework governing the use of fossil fuels for power generation is also expected to act as a major driver for advanced energy storage systems market growth. Power plants generate significant quantities of GHG such as CO2, which can be overcome through the efficient use of advanced energy storage systems. These systems store energy when generated and are capable of providing back up power in times of excess power demand (peak hours).

 In depth research report on Advanced Energy Storage Systems Market

http://www.grandviewresearch.com/industry-analysis/advanced-energy-storage-systems-market

Further key findings from the study suggest:

·       Thermal energy storage systems were the largest technology segment in terms of installed capacity accounting for over 40% of global market in 2014. High efficiency in terms of energy storage and ability to provide power during peak hours in expected to play a major role in promoting market growth.

·       Battery storage devices market is still in a nascent stage and is expected to witness fastest growth at a CAGR of over 18% from 2015 to 2022. The market has large potential owing to easy charging properties and re-energization of the electrolyte liquid resulting in negligible wastage.

·       North America dominated the advanced energy storage systems market accounting for over 45% of global installed capacity in 2014. Stringent regulations with regards to environmental emissions are expected to result in increased installations of advanced energy storage systems, particularly in the U.S.

·       Asia Pacific is expected to be the fastest growing market for advanced energy storage systems at a CAGR of over 18% in terms of revenue from 2015 to 2022. Growing industrialization and improving consumer lifestyle has resulted in a surging need for energy which in turn is expected to augment advanced energy storage systems market in the region.

·       Advanced energy storage systems market is highly fragmented owing to the presence of numerous companies across multiple technologies. Owing to the technology driven nature of the market, key companies including AES Energy Storage, LG Chem, GE and Alevo are heavily investing into R&D to develop breakthrough technologies.

Grand View Research has segmented the global advanced energy storage systems market on the basis of technology and region:

Global Advanced Energy Storage Systems Technology Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 - 2022)

·       Batteries

·       Flywheel

·       Thermal

·       Compressed Air

·       Molten Salt

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/power-generation-and-storage

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Improvements in Li-ion Battery Performance to Ensure Greater Adoption in Consumer Electronics

A lithium-ion battery or Li-ion battery is a rechargeable battery in which Li ions travel from negative electrode to the positive electrode during discharging and reverse when charging. The constituent components of the battery are two electrodes and electrolyte, which allows the ionic movement. They are mainly used in portable equipment.

Energy Storage Systems to Emerge Promising Application Segment

Lithium-ion batteries are extensively used across industries, including consumer electronics, automotive, energy storage systems, and industrial. Among these, consumer electronics commanded the largest share in 2016. These batteries are acknowledged for their high reliability and durability in consumer electronics such as smartphones and laptops. Booming electronics industry in countries such as Japan, China, South Korea, and Taiwan is likely to stir up the demand for Li-ion batteries. Constant improvements in the battery technology will further drive the growth of the segment. For instance, in December 2017, researchers from Sandia National Laboratories discovered a way of augmenting efficiency of solid-state batteries and improving the flow of lithium ions across battery interfaces such that battery performance can be enhanced in small electronics.

 The energy storage systems segment will exhibit a CAGR higher than any other segment between 2017 and 2025. Rising off-grid installations owing to government support can propel the growth of the segment. The growth of the segment can also be attributed to increasing deployments of solar photovoltaics due to growing concerns regarding environment degradation.

Market Insights

According to a report by Grand View Research Inc., the global lithium-ion battery market is anticipated to reach a valuation of USD 93.1 billion by the end of 2025. Spiraling sales of electric vehicles are expected to provide an upthrust to the market. Governments are playing a critical role in encouraging a shift from fuel to electric batteries in order to curb emissions and safeguard the environment. On the other hand, strong presence of other batteries such as flow battery, lead-acid battery, and sodium nickel chloride batteries can hinder the growth of the market.

The market in Asia Pacific will post a phenomenal CAGR during the forecast period (2017–2025). Proliferation of consumer electronics such as smartphones and tablets in emerging economies is supplementing the growth of the segment. Some of the key players in the market are Samsung, Panasonic, GS Yuasa Corporation, LG Chem, and Hitachi.

In-Depth Research Report On Lithium-Ion Battery Market:

https://www.grandviewresearch.com/industry-analysis/lithium-ion-battery-market

Battery Recycling to Conserve Valuable Metals and Alleviate Air Pollution

Rising environmental concerns to reduce CO2 emissions from manufacturing plants of batteries and conservation of precious metals are anticipated to propel demand for battery recycling. Recovery of useful materials and metals from used batteries is likely to support manufacturers by reducing production cost and environment by reducing hazardous impacts.

New Lithium-ion Batteries to Offer Longer Usable Life

Major application variants of battery recycling are transport, industrial, and consumer electronics. The transportation segment is anticipated to contribute maximum in revenue generation in the coming years. High demand for automobile batteries owing to increasing use automobiles can stimulate demand for battery recycling.

To cater to rising demand, most manufacturing companies are focusing on R&D investments to offer better products for consumer use. For instance, Toyota recently announced a new technology in batteries depending on solid electrolyte over the semi-liquid state. The automobile giant believes that this technology can allow automakers to produce lightweight and compact lithium-ion batteries for electric vehicles. Such batteries are expected to offer potential product recycling, longer life, and alternative post vehicle life.      

The global battery recycling market is likely to value USD 21.04 billion by 2025, according to a report by Grand View Research, Inc. Strict government regulations to alleviate CO2 emissions owing to rising air pollution is expected to fuel growth of the market. Rising awareness regarding the benefits of recovering precious metals and materials from used batteries among the manufacturing companies can stimulate growth of the market in the coming years. Growing adoption of recovered metals to produce batteries owing to less consumption of energy can impel market growth during the forecast period (2017 to 2025).

Some of the prominent companies operating in the market for battery recycling are Exide Technologies, Call2Recycle, Aqua Metals, ECOBAT, and G&P Batteries.

In-Depth Research Report On Battery Recycling Market:

https://www.grandviewresearch.com/industry-analysis/battery-recycling-market

Find What Is The Regional Growth Scenario Of The Flue Gas Desulfurization Market?

The Global Flue Gas Desulfurization (FGD) Market is expected to reach USD 23.69 billion by 2020, according to a new study by Grand View Research, Inc. Flue gas desulfurization market demand is expected to increase owing to growth in demand for electricity. In addition, stringent government regulations regarding emissions of harmful gases in the environment are also expected to drive the FGD market over the forecast period.

New FGD systems were the largest application segment accounting for USD 8.14 billion of global market revenue in 2013. Increasing number of coal-fired power plants in emerging economies is expected to be a key reason for high demand of new FGD systems. Flue gas desulfurization is also used in reagent & replacement applications, which were valued at USD 7.65 billion in 2013.

In depth research report on Flue Gas Desulfurization (FGD) Market:

http://www.grandviewresearch.com/industry-analysis/flue-gas-desulfurization-market

Further key findings from the study suggest:

·       Wet FGD systems dominated new FGD market and generated USD 6.86 billion in revenue in 2013 due to higher efficiency and low maintenance characteristics in comparison to other systems. Dry FGD systems are expected to witness the fastest growth, at an estimated CAGR of 5.5% from 2014 to 2020.

·       Reagents & replacement is expected to be the fastest growing application, at an estimated CAGR of 6.9% from 2014 to 2020. Existing/old systems are expected to generate continuous demand for reagents and equipment replacement. This is expected to boost the equipment replacement systems market over the forecast period.

·       Asia Pacific was the largest flue gas desulfurization market; it was valued at USD 8.52 billion in 2013 and is expected to witness the fastest growth, at an estimated CAGR of 10.2% from 2014 to 2020. The primary reason for expected growth is the high demand for new FGD systems along with rise in equipment repairs for existing FGD systems in emerging and high-growth markets of China, India, Japan, South Korea and Taiwan.

·       Key companies in the market include Alstom S.A., Babcock & Wilcox, Siemens Energy, Thermax, Ducon Technologies Inc., Hamon Research-Cottrell, Mitsubishi Heavy Industries, and Marsulex Environmental Technologies.

For the purpose of this study, Grand View Research has segmented the global flue gas desulfurization market on the basis of technology, application and region:

Flue Gas Desulfurization Technology Outlook (Revenue, USD Million, 2012 - 2020)

            • Wet FGD Systems

            • Dry FGD Systems

Flue Gas Desulfurization Application Outlook (Revenue, USD Million, 2012 - 2020)

            • New FGD Systems

            • Reagents & Replacements

Flue Gas Desulfurization Regional Outlook (Revenue, USD Million, 2012 - 2020)

            • North America

            • Europe

            • Asia Pacific

            • RoW

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http://www.grandviewresearch.com/industry/power-generation-and-storage

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Wet Scrubber Market Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022

Global wet scrubber is expected to grow at a high pace over the forecast period on account of strict chemicals and emissions related industry standards by IMO, EPA and REACH. These scrubbers extract noxious pollutants & unwanted components from flue gas and helps in reducing pollution levels.

Evolving gas treatment technique particularly in refineries and petrochemical plants is expected to further drive global industry over the forecast period. Operations flexibility coupled with reduced equipment sizes are increasing wet scrubber preference over other gas treatment equipment.

 In depth research report on Wet Scrubber Market:

http://www.grandviewresearch.com/industry-analysis/wet-scrubber-market

 Another benefit over normal gas treatment equipment includes lower operation costs as this specialized equipment decrease overall heat and volume content of the exhaust gases. In comparison with Electro Static Precipitators (ESPs) and baghouses, wet scrubbers do not face any temperature or condensation problem and can handle any high humidity gas streams.

Such favorable properties are expected to lead the global industry over the foreseeable future.

Scrubbing solution is treated before disposal while wet scrubber collects both particulate matter & gas or allows no gas to escape from the equipment. However, global industry faces challenges such as corrosion from water soluble pollutants and high raw materials & system cost.

Global industry is segmented on the basis of application which includes chemical/gas, ammonia, particulate/venture, particulate/dust, chlorine, and sulphuric acid. Commercially utilized wet scrubbers include high-energy, medium-energy and low-energy

Europe and U.S. are expected to witness high growth over the forecast period on account of stringent regulations by EPA and REACH. Developed North America market is expected to have stable growth in the coming years. Germany, Turkey, Norway and UK are expected to emerge as leading European players over the forecast period. Asia Pacific market was dominated by China & India where downstream sector is growing rapidly.

These countries are expected to witness high growth over the forecast period on account of increasing industry & government initiatives to minimize pollution levels and chemical waste disposal problems. Emerging economy and industrial developments is expected to augment Middle East & Africa market growth over the foreseeable future.

Major industry participants include Croll Reynolds Company Inc., KCH Services Inc, Continental Blowers Inc., Met-Pro Environmental Air Solutions, Severn Trent Services, Fabritech Engineers, Edlon Inc., Beltran Technologies Inc. Hamon Research Cottrell Inc. and others.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/