"Environment Protection Regulations to Dictate the Growth of Odor Control Systems Market"

Odor control systems market value expected to hit US$ 4,070.5 Mn by 2026, expanding with a CAGR of 3.6% during the forecast period from 2018 to 2026. Principally governed by Asia Pacific, odor control systems market majorly driven by rising regulations for environmental protection by several governing bodies. Following numerous instances of escalating complaints pertaining to impact of unwanted odor on human health, number of central bodies started imposing regulations on emission from industrial sectors. In July 2017, overall, 3,416 cases associating various violations of environmental laws and regulations found and punished in China, accounting for an increment of 20% compared to 2016. Rising regulations have stimulated industrial sectors to adopt pollution-controlling techniques, thereby driving the odor control systems market. Further, in urban areas, inadequate handling of public amenities like toilets of cinema halls, bus or railway stations, hospitals, shopping complexes generate pungent odor, which affects the users as well as neighborhood residents. Growing hygiene concern worldwide, further driving the odor control systems market with adoption of odor controlling equipment by several municipal corporations.

"Biological Odor Control Systems to Witness Swift Adoption across End-users"

Biological odor control systems marked as low-cost, environmental friendly odor abatement method. Vital benefit of biological treatment over activated carbon treatment and chemical method is that the process does not require use of chemicals and operates at normal temperatures from 10°C to 40°C. Biological odor control method is economical, easy to operate and ecologically clean as compared to other odor treatment techniques; as the process of microbial degradation are generally oxidative in nature. Similarly, end-products of biological process such as carbon dioxide, water, sulfate and nitrate are environmentally sheltered. Considering ecological as well as economic benefits offered by biological odor control systems, demand for such equipment expected to witness promising growth across end-users.

"Persistent Development of End-use Industries to Ensure Fastest Growth of Odor Control Systems Market in Asia Pacific"

Currently, Asia Pacific market accounting close to 1/2 of the overall odor control systems market value, worldwide. Region also expected to demonstrate highest market growth throughout the forecast period, primarily due to development of end-use industries. Chemical industry in Asia Pacific witnessing extraordinary growth with China, Japan and India contributing notably in global chemical export. In 2017, China accounted for 6.9% and Japan accounted for 3.8% of global chemical export. Rapidly growing industrialization with growing population have aggravated odor pollution concerns across the region. In 2017, out of the 2.2 Mn odor pollution related demises in this region, 29% were due to heart disease, 27% stroke, 22% chronic obstructive pulmonary disease, 14% lung cancer and 8% pneumonia. Rising human health issues and deaths in the region dictated the governing bodies to impose regulations on emission from industrial sector, thereby driving the demand for odor control systems.

"Product Innovation to Remain the Key Strategy to Cater Dynamic Requirements of End-users"

Odor control system manufacturers are aiming to cater strong customer base from various end-uses by offering specialized systems to cater dynamic customer requirements. Reduction in capital investment for odor controlling process is the key element for end-users as the process have minimal effect on overall productivity. Considering such factors, major industry players are concentrating on constant product development to offer economic solution by ensuring advanced functionality. In 2018, Evoqua Water Technologies LLC offered odor control system with 99% Hydrogen Sulphide removal capacity. Manufacturer also highlighted economic offering as well as quite operation feature of the system. Several players in the industry are offering Engineering, Procurement and Construction (EPC) services that offers distinct advantages such as single point responsibility, certainty of price as well as fast track to completion of project.  Further, number of players are also offering maintenance services to enrich customer delight in the market. Key players of global odor control systems market includes Siemens AG, Evoqua Water Technologies LLC, KCH Services Inc., Romtec Utilities, Inc., Integrity Municipal Systems, LLC, Tholander Ablufftechnik GmbH, Environmental Integrated Solutions, IPEC NV, Bulbeck Group, ECS Environmental Systems, BioAir Solutions, LLC, Purafil, Inc., Ecolab Inc., Combined Seperation Systems Pty Ltd., ERG (Air Pollution Control) Ltd., Tri-tech Holding Inc., Aarcon Odour Control and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Odor Control Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Odor Control Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Odor Control Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Odor Control Systems market?
• Which is the largest regional market for Odor Control Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Odor Control Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Odor Control Systems market worldwide?