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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, End-user, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Regenerative Thermal Oxidizer Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia-Pacific – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Regenerative Thermal Oxidizer Market – Key Market Dynamics
5.1 Key Market Driver
5.1.1 Rise in the Emission Quantity of Toxic Substances
5.1.2 Governmental Acts to Drive the Adoption Rate
5.2 Key Market Restraint
5.2.1 Rising development of Substitute Products in the Market
5.3 Key Market Opportunity
5.3.1 Industries in Emerging Economies to Stimulate Demand
5.4 Future Trends
5.4.1 Cost Reduction and Energy Saving Factors to Attract End Users
5.5 Impact Analysis of Drivers and Restraints
6. Regenerative Thermal Oxidizer Market – Asia Pacific Analysis
6.1 Regenerative Thermal Oxidizer Market Asia Pacific Overview
6.2 Market Positioning – Five Key Players
7. Regenerative Thermal Oxidizer Market Analysis – By Type
7.1 Overview
7.1.1 Asia Pacific: Regenerative Thermal Oxidizer Market Breakdown, by Type, 2019 & 2027
7.2 Single Bed
7.2.1 Overview
7.2.2 Single Bed Market Revenue and Forecast to 2027 (US$ Million)
7.3 Double Bed
7.3.1 Overview
7.3.2 Double Bed Market Revenue and Forecast to 2027 (US$ Million)
7.4 Triple Bed
7.4.1 Overview
7.4.2 Triple Bed Market Revenue and Forecast to 2027 (US$ Million)
8. Regenerative Thermal Oxidizer Market Analysis – By End User
8.1 Overview
8.2 Asia Pacific: Regenerative Thermal Oxidizer Market Breakdown, by End User, 2019 & 2027
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive Market Revenue and Forecast to 2027 (US$ Million)
8.4 Chemical
8.4.1 Overview
8.4.2 Chemical Market Revenue and Forecast to 2027 (US$ Million)
8.5 Coating and Printing Industry
8.5.1 Overview
8.5.2 Coating and Printing Industry Market Revenue and Forecast to 2027 (US$ Million)
8.6 Pharmaceutical
8.6.1 Overview
8.6.2 Pharmaceutical Market Revenue and Forecast to 2027 (US$ Million)
8.7 Semiconductor
8.7.1 Overview
8.7.2 Semiconductor Market Revenue and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2027 (US$ Million)
9. Regenerative Thermal Oxidizer Market – Country Analysis
9.1 Overview
9.1.1 APAC: Regenerative Thermal Oxidizer Market, by Key Country
9.1.1.1 China: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.1.1 China: Regenerative Thermal Oxidizer Market, by Type
9.1.1.1.2 China: Regenerative Thermal Oxidizer Market, by End User
9.1.1.2 Japan: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.2.1 Japan: Regenerative Thermal Oxidizer Market, by Type
9.1.1.2.2 Japan: Regenerative Thermal Oxidizer Market, by End User
9.1.1.3 India: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.3.1 India: Regenerative Thermal Oxidizer Market, by Type
9.1.1.3.2 India: Regenerative Thermal Oxidizer Market, by End User
9.1.1.4 Australia: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.4.1 Australia: Regenerative Thermal Oxidizer Market, by Type
9.1.1.4.2 Australia: Regenerative Thermal Oxidizer Market, by End User
9.1.1.5 South Korea: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.5.1 South Korea: Regenerative Thermal Oxidizer Market, by Type
9.1.1.5.2 South Korea: Regenerative Thermal Oxidizer Market, by End User
9.1.1.6 Rest of APAC: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of APAC: Regenerative Thermal Oxidizer Market, by Type
9.1.1.6.2 Rest of APAC: Regenerative Thermal Oxidizer Market, by End User
10. Regenerative Thermal Oxidizer Market- COVID-19 Impact Analysis
10.1 Overview
10.1.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
12. Company Profiles
12.1 Alliance Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Anguil Environmental Systems
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Condorchem Envitech
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 EISENMANN SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Filtra?ní technika spol. s r.o.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ship and Shore Environmental, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Shandong Baolan Environmental Protection Engineering Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 THE CMM GROUP, LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Taikisha Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Regenerative Thermal Oxidizer Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. APAC: Regenerative Thermal Oxidizer Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. APAC: Regenerative Thermal Oxidizer Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 4. APAC Aerospace & Defense Power Connectors Market, by Country – Revenue and Forecast to 2027 (USD Million)
Table 5. China: Regenerative Thermal Oxidizer Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. China: Regenerative Thermal Oxidizer Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 7. Japan: Regenerative Thermal Oxidizer Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. Japan: Regenerative Thermal Oxidizer Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 9. India: Regenerative Thermal Oxidizer Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. India: Regenerative Thermal Oxidizer Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 11. Australia: Regenerative Thermal Oxidizer Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 12. Australia: Regenerative Thermal Oxidizer Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 13. South Korea: Regenerative Thermal Oxidizer Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea: Regenerative Thermal Oxidizer Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 15. Rest of APAC: Regenerative Thermal Oxidizer Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 16. Rest of APAC: Regenerative Thermal Oxidizer Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. Regenerative Thermal Oxidizer Market Segmentation
Figure 2. Regenerative Thermal Oxidizer Market Segmentation – By Country
Figure 3. Asia Pacific Regenerative Thermal Oxidizer Market Overview
Figure 4. Double Bed Segment Held the Largest Share During Forecast Period
Figure 5. Chemical Segment Dominated the Market
Figure 6. India to Show Great Traction During Forecast Period
Figure 8. Asia-Pacific – PEST Analysis
Figure 9. Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Regenerative Thermal Oxidizer Market: Impact Analysis of Drivers and Restraints
Figure 12. Asia Pacific Regenerative Thermal Oxidizer Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Asia Pacific: Regenerative Thermal Oxidizer Market Breakdown, by Type (2019 and 2027)
Figure 14. Single Bed Market Revenue and Forecast to 2027 (US$ Million)
Figure 15. Double Bed Market Revenue and Forecast to 2027 (US$ Million)
Figure 16. Triple Bed Market Revenue and Forecast to 2027 (US$ Million)
Figure 17. Asia Pacific: Regenerative Thermal Oxidizer Market Breakdown, by End User (2019 and 2027)
Figure 18. Automotive Market Revenue and Forecast to 2027 (US$ Million)
Figure 19. Chemical Market Revenue and Forecast to 2027 (US$ Million)
Figure 20. Coating and Printing Industry Market Revenue and Forecast to 2027 (US$ Million)
Figure 21. Pharmaceutical Market Revenue and Forecast to 2027 (US$ Million)
Figure 22. Semiconductor Market Revenue and Forecast to 2027 (US$ Million)
Figure 23. Other End User Market Revenue and Forecast to 2027 (US$ Million)
Figure 24. APAC: Regenerative Thermal Oxidizer Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. China: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Japan: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. India: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Australia: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. South Korea: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Rest of APAC: Regenerative Thermal Oxidizer Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
The List of Companies - Asia Pacific Regenerative Thermal Oxidizer Market
- Alliance Corporation
- Anguil Environmental Systems
- CondorchemEnvitech
- EISENMANN SE
- Filtra?nítechnikaspol. s r.o.
- Ship & Shore Environmental, Inc.
- Shandong Baolan Environmental Protection Engineering Co., Ltd.
- THE CMM GROUP, LLC
- Taikisha Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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