Market Overview:
The global thermal oxidizers market is expected to grow from USD 2.5 billion in 2018 to USD 4.1 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the global thermal oxidizers market can be attributed to the increasing demand for energy-efficient and environment-friendly technologies across the globe. Based on type, the direct fired thermal oxidizer segment is projected to lead the global thermal oxidizers market during the forecast period. This growth can be attributed to its ability to handle high volumes of gas flow and achieve high destruction efficiency levels as compared with other types of thermal oxidizers available in the market.
Product Definition:
A thermal oxidizer is a piece of equipment used in industrial processes to destroy hazardous pollutants by burning them at high temperatures. The importance of thermal oxidizers lies in their ability to completely break down harmful chemicals into harmless byproducts, making the air safer to breathe.
Direct Fired Thermal Oxidizer:
Direct fired thermal oxidizer is a fuel which can be used in thermal oxidizers. It is also known as the dryoxidizer and it has no liquid component. This product contains active ingredients such as potassium perchlorate, calcium chlorate, and sodium chlorite among others that provide oxidation process to the fuel during combustion.
Regenerative Thermal Oxidizer (RTO):
Regenerative thermal oxidizer (RTO) is a heat exchanger that uses the principle of thermodynamics to convert waste heat into useful energy. In this process, oxygen and other oxidizing agents are used as the raw material for producing water. The RTO system works by harnessing waste heat from industrial processes or electricity generation and transferring it to an electrolytic tank where it is broken down into hydrogen and oxygen by means of a catalyst.
Application Insights:
The oil and gas industry dominated the global thermal oxidizers market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for crude oil from emerging economies such as China, India, Brazil and Mexico. These countries are investing heavily in the exploration & production of hydrocarbon resources which is likely to propel product demand over the coming years.
In addition, increasing investments by foreign players such as StatoilHydro ASA (operator with a 51% stake), RepsolSantander SA (with a 25% stake) and EniSicilia SpA (15% stake) are projected to boost industry expansion over the next seven years. In addition, domestic players like ONGC Ltd., GAIL India Pvt. Ltd., Oil India Ltd., BirlaOil Pvt. Ltd.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing demand for thermal oxidizers in various end-use industries. The region accounted for a share of 34.1% of the global revenue in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030, owing to rising oil and gas production activities across economies such as China, India, Indonesia, Malaysia and Thailand (CIMT).
The chemical industry segment within Asia Pacific has witnessed an increase in capital expenditure on equipment replacement or expansion projects due its high operating costs associated with low productivity levels compared with other manufacturing sectors; whereas investments made towards R&D activities are expected to drive this market over the coming years. Increasing government support aimed at promoting domestic production capabilities through FDI policies along with growing awareness regarding environmental sustainability are some factors driving regional growth.
Growth Factors:
- Increasing demand for thermal oxidizers from the chemical and petrochemical industries as a result of stringent environmental regulations.
- Growing demand for thermal oxidizers in the Asia Pacific region due to the expanding industrial base and increasing investments in pollution control measures.
- Technological advancements that have led to the development of more energy-efficient and compact thermal oxidizers, which is resulting in their increased adoption by small- and medium-sized businesses.
- The growing popularity of regenerative thermal oxidizers (RTOs), which are capable of recovering heat from exhaust gases, thereby reducing energy costs associated with operating a thermal oxidizer system.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Oxidizers Market Research Report
By Type
Direct Fired Thermal Oxidizer, Regenerative Thermal Oxidizer (RTO), Thermal Recuperative Oxidizer, Biomass Fired Thermal Oxidizer, Other
By Application
Oil and Gas, Chemical Industry, Automotive, Electricity, Others
By Companies
John Zink Hamworthy Combustion, Honeywell International, Fives, Catalytic Combustion Corporation, Pollution Systems, Dürr Cleantechnology, Anguil Environmental Systems, Inc., Catalytic Products, Babcock & Wilcox, AEREON, John Zink Hamworthy Combustion, Gasco Pty Ltd, TORNADO Combustion Technologies, The CMM Group, Epcon Industrial Systems, Bayeco, Luoyang Ruichang Petro-Chemical Equipment Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Oxidizers Market Report Segments:
The global Thermal Oxidizers market is segmented on the basis of:
Types
Direct Fired Thermal Oxidizer, Regenerative Thermal Oxidizer (RTO), Thermal Recuperative Oxidizer, Biomass Fired Thermal Oxidizer, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Chemical Industry, Automotive, Electricity, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- John Zink Hamworthy Combustion
- Honeywell International
- Fives
- Catalytic Combustion Corporation
- Pollution Systems
- Dürr Cleantechnology
- Anguil Environmental Systems, Inc.
- Catalytic Products
- Babcock & Wilcox
- AEREON
- John Zink Hamworthy Combustion
- Gasco Pty Ltd
- TORNADO Combustion Technologies
- The CMM Group
- Epcon Industrial Systems
- Bayeco
- Luoyang Ruichang Petro-Chemical Equipment Co., Ltd
Highlights of The Thermal Oxidizers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Direct Fired Thermal Oxidizer
- Regenerative Thermal Oxidizer (RTO)
- Thermal Recuperative Oxidizer
- Biomass Fired Thermal Oxidizer
- Other
- By Application:
- Oil and Gas
- Chemical Industry
- Automotive
- Electricity
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Oxidizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermal oxidizers are a type of air pollution control device that use heat to break down pollutants into less harmful substances.
Some of the major companies in the thermal oxidizers market are John Zink Hamworthy Combustion, Honeywell International, Fives, Catalytic Combustion Corporation, Pollution Systems, D¼rr Cleantechnology, Anguil Environmental Systems, Inc., Catalytic Products, Babcock & Wilcox, AEREON, John Zink Hamworthy Combustion, Gasco Pty Ltd, TORNADO Combustion Technologies, The CMM Group, Epcon Industrial Systems, Bayeco, Luoyang Ruichang Petro-Chemical Equipment Co., Ltd.
The thermal oxidizers market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Oxidizers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermal Oxidizers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Oxidizers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermal Oxidizers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermal Oxidizers Market Size & Forecast, 2020-2028
4.5.1 Thermal Oxidizers Market Size and Y-o-Y Growth
4.5.2 Thermal Oxidizers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Direct Fired Thermal Oxidizer
5.2.2 Regenerative Thermal Oxidizer (RTO)
5.2.3 Thermal Recuperative Oxidizer
5.2.4 Biomass Fired Thermal Oxidizer
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical Industry
6.2.3 Automotive
6.2.4 Electricity
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Oxidizers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Oxidizers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Direct Fired Thermal Oxidizer
9.6.2 Regenerative Thermal Oxidizer (RTO)
9.6.3 Thermal Recuperative Oxidizer
9.6.4 Biomass Fired Thermal Oxidizer
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical Industry
9.10.3 Automotive
9.10.4 Electricity
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Direct Fired Thermal Oxidizer
10.6.2 Regenerative Thermal Oxidizer (RTO)
10.6.3 Thermal Recuperative Oxidizer
10.6.4 Biomass Fired Thermal Oxidizer
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical Industry
10.10.3 Automotive
10.10.4 Electricity
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Direct Fired Thermal Oxidizer
11.6.2 Regenerative Thermal Oxidizer (RTO)
11.6.3 Thermal Recuperative Oxidizer
11.6.4 Biomass Fired Thermal Oxidizer
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical Industry
11.10.3 Automotive
11.10.4 Electricity
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Direct Fired Thermal Oxidizer
12.6.2 Regenerative Thermal Oxidizer (RTO)
12.6.3 Thermal Recuperative Oxidizer
12.6.4 Biomass Fired Thermal Oxidizer
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical Industry
12.10.3 Automotive
12.10.4 Electricity
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Direct Fired Thermal Oxidizer
13.6.2 Regenerative Thermal Oxidizer (RTO)
13.6.3 Thermal Recuperative Oxidizer
13.6.4 Biomass Fired Thermal Oxidizer
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical Industry
13.10.3 Automotive
13.10.4 Electricity
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Oxidizers Market: Competitive Dashboard
14.2 Global Thermal Oxidizers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 John Zink Hamworthy Combustion
14.3.2 Honeywell International
14.3.3 Fives
14.3.4 Catalytic Combustion Corporation
14.3.5 Pollution Systems
14.3.6 Dürr Cleantechnology
14.3.7 Anguil Environmental Systems, Inc.
14.3.8 Catalytic Products
14.3.9 Babcock & Wilcox
14.3.10 AEREON
14.3.11 John Zink Hamworthy Combustion
14.3.12 Gasco Pty Ltd
14.3.13 TORNADO Combustion Technologies
14.3.14 The CMM Group
14.3.15 Epcon Industrial Systems
14.3.16 Bayeco
14.3.17 Luoyang Ruichang Petro-Chemical Equipment Co., Ltd
