Asia Pacific Regenerative Thermal Oxidizer Market Drivers and Forecasts by 2027

The regenerative thermal oxidizer market in Asia Pacific was valued US$ 2.23 billion in 2019 and is projected to reach US$ 3.33 billion by 2027; it is expected to grow at a CAGR of 5.3%from 2020 to 2027.

Factors such as stringent regulatory guidelines, rising awareness towards environmental pollution and workplace safety are the major factors propelling the growth of the regenerative thermal oxidizer market during the past few years. Furthermore, the increase in demand from several industries such as automotive, chemicals, pharmaceuticals, and manufacturing have further fueled the demand for RTOs owing to swift rise in the production volume across the end-user industries especially across the fast-growing economies. The countries in APAC, especially China, India, Taiwan, Japan, and South Korea, have a higher concentration of manufacturing industries in the region. Some of the major industries in the region include food processing, pharmaceutical, automotive, coating & printing, and electronics and electrical, among others. The number of manufacturing plants from the industries mentioned above are constantly rising in the aforementioned countries. In order to restrict the flow of toxic substances in air from the exhausts of the production plants, the governments have mandated the installation of air pollution control technology such as thermal oxidizers. The usage of thermal oxidizers is surging among the industries in the APAC region, attributing to a rise in awareness related to the benefits of the same and increase in affordability.

The rising demand from the manufacturers coupled with governmental policies towards reducing air pollution has led several industrial technology developers to invest time and amounts towards innovation and development of regenerative thermal oxidizers. This factor is facilitating the manufacturers to easily procure the thermal oxidizers and thereby limiting the emission of VOCs and HAPs, thereby catalyzing the growth of the regenerative thermal oxidizer market.

China led the Asia Pacific regenerative thermal oxidizer market in 2019 and is expected to continue its dominance in the forecast period. China is the most advanced country in the APAC region. The country houses numerous industries ranging from food & beverage processing, chemicals, pharmaceuticals, automotive, consumer electronics, and electrical power equipment, among others. The existence of a large number of factories and manufacturing units in the country has led China to witness a significant rise in air pollution caused by exhaust emission. With an objective to reduce the air pollutants, the Chinese government has mandated the usage of different types of VOC restricting technologies such as RTO at the manufacturing facilities. This factor is positively influencing the growth of the regenerative thermal oxidizer market.

Rest of Asia Pacific Regenerative thermal oxidizer Market Revenue and Forecast to 2027 (US$ Mn)

Asia Pacific Regenerative Thermal Oxidizer Market–Segmentation

Asia Pacific Regenerative Thermal Oxidizer Market,by Type

• Single Bed RTO
• Double Bed RTO
• Triple Bed RTO

Asia Pacific Regenerative Thermal Oxidizer Market,byEnd-User

• Automotive
• Chemical
• Coating and Printing
• Pharmaceutical
• Semiconductor
• Others

Asia Pacific Regenerative Thermal Oxidizer Market,byCountry

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Asia Pacific Regenerative Thermal Oxidizer Market-Companies Mentioned

• Alliance Corporation
• Anguil Environmental Systems
• Filtrační technika spol. s r.o
• Condorchem Envitech
• EISENMANN SE
• Shandong Baolan Environmental Protection Engineering Co., Ltd.
• Ship & Shore Environmental, Inc.
• Taikisha Ltd
• THE CMM GROUP, LLC

Asia Pacific Regenerative Thermal Oxidizer Report Scope