Gas Treatment Equipment Market
Gas Treatment Equipment Market By application, (Sulfur recovery , Flue gas treatment , Dehumidification , Gas cleaning , Waste absorbent , Mercury removal ) ,By end users, (Water and wastewater industry , Oil and gas industry , Chemical industry ) - Global Review 2021 to 2031
Gas Treatment Equipment Market: Overview
Gas treatment equipment is vital in front-line systems. To prevent leaks and maintain employee safety, this equipment is used across a range of industries. A variety of gas equipment is used in industries as part of maintenance and material handling operations. These operations include drum handling, safety cabinets, spill containment products, and smoking receptacles.
In addition to refineries, chemical plants, and gas turbines, gas treatment equipment such as electrochemical gas detectors can be used in underground gas storage facilities.
Key Market Developments
Treatment of natural gas with organic amines remains a key focus area for manufactures and key players in this market. For instance, Allied Equipment gas plants use amine methods in treating the contaminated gases where it has the ability to recover saleable hydrocarbon liquids from the gas streams, in addition to providing the usable gas for consumption.
Further, GEA provides amine plants for treating and dehydrating hydrocarbons, liquids, and other gases with the customized skid mount system. GEA partnered with Schmack Carbotech GmbH to deliver gas plants and skids for eliminating, purifying, and cleaning gaseous waste.
Market players have adopted a range of strategies to stay competitive and expand their market footprints, such as mergers and acquisitions, partnerships, and new product development. Atlas Copco acquired the operating assets of Medigas Services & Testing as a part of an effort to support the healthcare and laboratory customers in New York.
Upon completion of the acquisition, Medigas will become part of BeaconMedaes, a business area within Atlas Copco's Compressor Technique Division in its Medical Gas Solutions Division.
Gas Treatment Equipment Market: Introduction
The gas treatment equipment market is driven by the applications in the end-use industries such as sulphur recovery, CO2 capture, and gas sweetening, among others. The continuous market growth for gas treatment equipment is due to cryogenic plants and the latest trend is shale gas production and distribution.
The gas treatment equipment, which is used in the flue gas treatment processes, is robust. They reduce the emission of harmful cryogenic gases. The natural gases contain higher unsaturated hydrocarbon compounds and also a mixture of saturated hydrocarbons. Their presence is harmful in the production and storage units.
The industrial plants are adopting new initiatives to reduce the direct gas emission into the environment. Such measures are driving the gas treatment equipment market. The petrochemical industry for the production of aromatics and styrene uses gas treatment equipment.
The noble gas emission from the end-user industries requires gas treatment equipment with modern technology to reduce them in the ambient air. The advancement with new technology in gas treatment equipment for reducing gas emissions from industries is expected to support the market growth.
The gas treatment equipment market is driven by the adoption of such equipment for hydrogen sulfide and carbon dioxide. The emission of H2S and CO2 needs to be regulated and the local government in respective countries has made strict measures to regulate it.
The implementation of such regulations in the end-user industries is driving the installation of gas treatment equipment. The gas sweetening process in the end-user industries is creating opportunities for the installation of gas treatment equipment.
The European countries are the primary players for the adoption of such gas treatment equipment as they are obliged to follow the regulations laid by the European Union. The market opportunities for gas treatment equipment market are concentrated in Northern China and India as industrial pollution is reaching a new scale.
The gas treatment equipment market is gaining growth momentum in the oil and gas industry as the natural gas production and storage operations are getting more facilitated.
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The developed economies such as the U.S., U.K., Germany, Japan, and other European countries are the primary users of gas treatment equipment. The growth in the water and wastewater treatment applications has driven the gas treatment equipment market in these regions.
In the forecast period, it is expected that the gas treatment equipment market will have a steady growth in developing economies such as India, China, Brazil, Malaysia, and Indonesia. The growth in the food and beverages and pharmaceutical industry in the APAC region will have a linear growth momentum in the gas treatment equipment market.
It is driven by government regulations for reducing carbon footprints. The SMEs in the APAC region is expected to play a vital role in the growth of the gas treatment equipment market during the forecast period. The key challenge for the growth of the gas treatment equipment market is the reduction of coal-fed operation in power stations globally.
Examples of some of the key participants in the global gas treatment equipment market are:
- Allied Equipment Inc
- ATEKO a.s.
- DAIICHI JITSUGYO CO., LTD.
- EASON INDUSTRIAL ENGINEERING CO., LTD.
- Framo (ALFA LAVAL)
- Gas Processing Equipment Pvt. Ltd.,
- PSE Engineering GmbH
- The Linde Group
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Gas Treatment Equipment Market: Segmentation
The global gas treatment equipment market can be segmented based on application and end users.
On the basis of application, the global gas treatment equipment market is segmented into:
- Sulfur recovery
- Flue gas treatment
- Gas cleaning
- Waste absorbent
- Mercury removal
On the basis of end users, the global gas treatment equipment market is segmented into:
- Water and wastewater industry
- Oil and gas industry
- Chemical industry
- Petrochemical industry
- Mining industry
- Power generation industry
- Food and Beverages industry
- Pharmaceutical industry
- Others (Paper and pulp, Cement, Cosmetic industry)
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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