September 15, 2020

Regenerative Thermal Oxidizer Market By Characteristics, Analysis, Opportunities And Forecast To 2027

Global Regenerative Thermal Oxidizer Market – Introduction

  • Regenerative Thermal Oxidizer (RTO) is a kind of air pollution control equipment which is designed to destroy volatile organic compounds (VOCs), hazardous air pollutants (HAPs), and other airborne particulate. In addition, regenerative thermal oxidizers destroy HAPs and VOCs which are generated through industrial exhaust steam and chemical processes.
  • Regenerative thermal oxidizers use extremely high heat temperature (1400°F to 1500°F, can go up to 1800°F) to destroy and clean dangerous pollutants and compounds.
  • Furthermore, regenerative thermal oxidizers are industrial equipment used for the treatment of exhaust air and to destroy odor and air toxins, which are discharged in industrial process exhausts.
  • Regenerative thermal oxidizers are also used to treat different materials such as carbon monoxide (CO), nitrogen oxides (NOx), hydrogen sulfide (H2S) and organic particulate matter (PM).

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Global Regenerative Thermal Oxidizer Market – Dynamics

Key Drivers of the Global Regenerative Thermal Oxidizer Market

  • Rapid industrialization across developed and developing countries has led to the expansion of various industries across the world. Additionally, growing number of industries and production activity is expected to propel the growth of the regenerative thermal oxidizers market in order to reduce greenhouse gases.
  • Growth of pharmaceutical, automotive, and chemical industry in developing regions is expected to fuel the demand for regenerative thermal oxidizers.
  • Stringent government regulations for the safety of workers, and laws pertaining to pollution control i.e. HAP (hazardous air pollutants) and VOC (volatile organic compounds), imposed on developed and developing economies are expected to accelerate the growth of the regenerative thermal oxidizer market.
  • Government initiatives to reduce carbon footprint across the world is encouraging manufacturers of regenerative thermal oxidizers to design energy efficient regenerative thermal oxidizer machines with safety certificates and abatement standards. This in turn is expected to accelerate the growth of the regenerative thermal oxidizer market across the world.

Restraints of the Global Regenerative Thermal Oxidizer Market

  • Substitutes of regenerative thermal oxidizers such as bio-filters and bio-scrubbers are one of the factors that hampers the demand for regenerative thermal oxidizers across the globe. Besides, low industrial awareness in underdeveloped and developing countries is also a negative factor which can restrain the growth of the regenerative thermal oxidizer market.

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Europe to Hold a Major Share of the Global Regenerative Thermal Oxidizer Market

  • Europe is projected to hold a significant share of the global regenerative thermal oxidizer market during the forecast period due to the increasing number of automotive and chemical manufacturers and rising population that has led to the increase in demand for bakery products.
  • Asia Pacific holds substantial share of the regenerative thermal oxidizer market due to rapid industrial growth. In addition, growing industrialization and urban population in the region is expected to contribute to the growth of the regenerative thermal oxidizer market.
  • North America is expected to hold a major share of the regenerative thermal oxidizer market due to growing implementation of pollution control rules and growing environmental concerns across the region.
  • Increasing manufacturing and industrial activities in South America and Middle East & Africa is expected to accelerate the market for regenerative thermal oxidizers.

Global Regenerative Thermal Oxidizer Market – Competition Landscape

Key Players Operating in the Global Market

The global regenerative thermal oxidizer market is highly consolidated, with top manufacturers accounting for approximately 25%–30% of the market share. A few of the key players operating in the global regenerative thermal oxidizer market are listed below:

  • Air Clear LLC.
  • Alliance Corporation
  • Anguil Environmental Systems, Inc.
  • BD Group Industries, LLC
  • Biothermica Technologies Inc.
  • Catalytic Products International
  • CTP Air Pollution Control
  • Condorchem Envitech
  • Eisenmann SE
  • Filtracni Technika
  • Formia Emissions Control Oy
  • Gulf Coast Environmental Systems
  • Nacah Tech, LLC
  • SGX Sensortech
  • Ship and Shore Environmental, Inc.
  • Taiki-Sha Ltd.
  • The CMM Group
  • Thermische Prozesstechnik GmbH
  • TKS Industrial Company

Global Regenerative Thermal Oxidizer Market – Research Scope

The global regenerative thermal oxidizer market can be segmented based on:

  • Product Type
  • Type
  • Distribution Channel
  • Industry
  • Region

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Global Regenerative Thermal Oxidizer Market, by Product Type

Based on product type, the global regenerative thermal oxidizer market can be divided into:

  • Rotary Regenerative Thermal Oxidizer
  • Compact Type Regenerative Thermal Oxidizer

Global Regenerative Thermal Oxidizer Market, by Type

Based on control type, the global regenerative thermal oxidizer market can be divided into:

  • Single bed regenerative thermal oxidizer
  • Double bed regenerative thermal oxidizer
  • Triple bed regenerative thermal oxidizer

Global Regenerative Thermal Oxidizer Market, by Distribution Channel

Based on distribution channel, the global regenerative thermal oxidizer market can be segregated into:

  • Direct Sales (OEM)
  • Indirect Sales

Global Regenerative Thermal Oxidizer Market, by Industry

On the basis of industry, the global regenerative thermal oxidizer market can be categorized into:

  • Automotive
  • Chemical
  • Coating and Printing Industry
  • Electrical & Electronics
  • Food & Beverage
  • Mining
  • Pharmaceutical
  • Refractories & Foundries
  • Renewable industry
  • Woodworking
  • Semiconductor

Global Regenerative Thermal Oxidizer Market, by Region

Based on region, the global regenerative thermal oxidizer market can be divided into:

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Sweden
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?