Regenerative Thermal Oxidizer Market to Achieve A High CAGR Of 5% During Forecast Period -2032

The global regenerative thermal oxidizer market is anticipated to exhibit opulent growth opportunities over the forecast period by registering a CAGR of 4% to 5% from 2022 to 2032. The global market totaled a valuation of US$ 9.5 Billion by 2022 and exceeded a valuation of US$ 13 Billion by the end of 2032. During the historical period, the global regenerative thermal oxidizer market recorded a valuation of US$ 9 Billion in 2021.

Regenerative thermal oxidizers (RTO) are known as a type of industrial equipment which are commonly used in the treatment of exhaust air. Such advanced energy-saving systems effectively oxidize and decompose Volatile Organic Compounds (VOCs) at 850°C or higher. They comprise of ceramic bed that absorbs the heat from the emitted exhaust gas.

Download a sample to obtain additional highlights and key points on various market segments and their impact in the coming years @
https://www.futuremarketinsights.com/reports/sample/rep-gb-9307

Report Highlights

The rising implementation of stringent standards by numerous government and environmental organizations including the Environmental Protection Agency and rising production activities across the globe are estimated to bolster the demand for regenerative thermal oxidizers in the market.

Excessive complications in these systems and the high cost of maintenance attributed to the presence of numerous moving parts & components are some factors further hampering the growth of the regenerative thermal oxidizer market.

Recent Developments

Regenerative thermal oxidizer utilizes the absorbed heat for pre-heating the destroying air pollutants along with the incoming process stream present in the exhaust stream. These oxidizers destroy the existing Hazardous Air Pollutants (HAPs), VOCs, and other pollutants in the exhaust stream produced during the industrial process and production of chemicals.

Despite several advantages associated with regenerative thermal oxidizers, the high cost of this industrial equipment and the growing availability of other emission control equipment, such as electrostatic precipitators, are hindering sales in the market.

Competitive Landscape

Some of the prominent players in the global regenerative thermal oxidizer market are SGX Sensortech, The CMM Group, BD Group Industries, LLC, Biothermica Technologies Inc., Formia Emissions Control Oy, Air Clear LLC., Filtracni Technika, Thermische Prozesstechnik GmbH, Nacah Tech, LLC and others.

Because of the presence of a large number of participants and increasing product launches of advanced technologies and features, the market is highly competitive.

Know more about this market’s geographical distribution along with a detailed analysis of the top regions @
https://www.futuremarketinsights.com/reports/regenerative-thermal-oxidizer-market

More Insights into the Regenerative Thermal Oxidizer Market

The North American region is anticipated to dominate the global regenerative thermal oxidizer market over the evaluation period with a healthy growth rate. In addition to that, over recent years, a significant rise in demand for oil & gas products such as gasoline, diesel, and others is being witnessed across North America, driven by rapid industrialization and growing vehicular feet across the U.S. and Canada. Hence, key industry players are focusing on launching new crude oil production facilities and refineries to meet the surging demand.

The North American region is expected to lead the global regenerative thermal oxidizer market due to the rising technological developments in the region. In 2019, Targa Resources Corporation, an oil & gas company based in the U.S. announced the opening of a new petroleum refinery in Texas, U.S., with a refining capacity of 35,000 barrels per day. As regenerative thermal oxidizers are extensively used for decomposing VOCs and other pollution across petrochemical refineries.

According to the FMI reports, the Western European region is expected to create lucrative growth opportunities over the evaluation period from 2022 to 2032. With rapid industrialization, growing mining activities, and increasing production of automotive, chemicals, and pharmaceuticals, a swift rise in the emission of VOCs, HAPs, hydrocarbons, and other pollutants is witnessed across Europe. Hence, regulatory organizations, such as the European Environment Agency, are implementing regulations mandating the adoption of emission control equipment.

In order to comply with these regulations, a large number of industry players are installing this equipment. For instance, Borealis, an Austrian chemical company, recently announced investing US$ 21.4 million in installing of novel Regenerative Thermal Oxidizer in its polyolefins plant in Porvoo, Finland by 2023. A multiplicity of such developments are estimated to bolster the growth in the Western Europe market.

Key Segments Profiled in the Regenerative Thermal Oxidizer Market Survey

By Type:

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

By Product Type:

  • Rotary Regenerative Thermal Oxidizer
  • Compact Type Regenerative Thermal Oxidizer

By End Use Industry:

  • Automotive
  • Chemical
  • Pharmaceutical
  • Oil & Gas
  • Paints & Coatings
  • Mining
  • Food & Beverage
  • Electrical & Electronics
  • Refractories & Foundries
  • Coating & Painting
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Expand operations in the future To get requisite details, ask for a custom report @
https://www.futuremarketinsights.com/customization-available/rep-gb-9307

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us :

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these