Market Overview:
The Adsorption Equipment Market size is estimated to reach $632 Billion by 2030, growing at a CAGR of 5.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Adsorption Equipment Market – By Capacity/Scale (Small-scale Equipment, Medium-scale Equipment, Large-scale Equipment), By Installation Type (Standalone Systems, Integrated Systems), By Adsorbent Material (Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites/Molecular Sieves, Others), By Equipment Type (Fixed-bed Adsorption Equipment, Fluidized-bed Adsorption Equipment, Pressure Swing Adsorption (PSA) Systems, Temperature Swing Adsorption (TSA) Equipment, Vacuum Swing Adsorption (VSA), Others), By Flow Rate (Up to 10,000 CFM, 10,000 – 20,000 CFM, More than 20,000 CFM), By End-User Industry (Oil and Gas Industry, Petrochemical Industry, Chemical Industry, Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant, Building & Construction, Personal Care and Cosmetic, Others), By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.”
The industries are under stringent environmental regulations pressure to use adsorption equipment to meet the air quality standards. The demand for clean air and water is resulting in a need for better filtration technologies. The adsorption equipment is getting more efficient and accessible due to technological advancements. The investments in pollution control solutions are driven by regulatory compliance as well as the sustainability goals. Demand for eco-friendly technologies is rising with growing awareness of environmental impact. The increasing need for wastewater treatment is compelling the use of adsorption equipment across industries. These factors combined are fueling the growth of the Adsorption Equipment industry during the forecast period.
North America Dominated the Market in 2023:
North America accounted for the largest share of 35% of the Adsorption Equipment Market in 2023 The adsorption equipment market is led by North America due to significant investments in clean energy and industrial decarbonization projects. In June 2024, Air Liquide committed $850 million to build four Large Modular Air separation units for ExxonMobil’s low-carbon hydrogen initiative in Baytown, Texas. This investment will increase oxygen production by 50% and marks the largest industrial investment in Air Liquide’s history. Such large-scale projects demonstrate North America’s commitment to reducing carbon emissions and fostering sustainable industrial practices. Additionally, the U.S. Department of Energy launched its $6 billion fund in March 2024, which promotes emissions reduction in heavy industries and continues to support the development of adsorption equipment for gas capture and separation in low-carbon projects.
Adsorption Equipment Market: Key Takeaways
Stringent Government Regulations:
A major driver for the adsorption equipment market is stringent government regulations like EPA's Power Plant Rules published on May, 2024. To control 90% of emissions from coal and gas power plants, these rules require that technologies such as carbon capture and sequestration (CCS) are adopted. The EPA has also mandated reductions of 67% in toxic metal emissions and 70% in mercury emissions from lignite fired sources. These standards cannot be met without adsorption equipment, which effectively captures pollutants from air and water. Driven by tighter regulations, industries are compelled to adopt advanced adsorption systems to meet the compliance requirement, thus market growth.
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Rising Demand for Clean Air and Water:
A major driver of the adsorption equipment market is the growing demand for clean air and water. According to WHOlives, 2.1 billion people worldwide lack access to clean, safe drinking water, and 3.4 million people die every year due to contaminated water sources. Millions of women and children spend 3-6 hours each day walking to distant, polluted sources to collect water, further highlighting the urgency of this crisis and the need for effective water purification systems. Air pollution is the top global environmental threat to public health, killing over 8 million people annually, according to the United Nations Environment Programme (UNEP). Fine particulate outdoor air pollution in West Asia and Africa caused 4.7 million deaths in 2021. As clean air and water are critical health and environmental issues, adsorption equipment for filtration and purification is becoming increasingly essential, driving market demand.
Scope of the Report:
Recent Developments:
- In Oct 2024, UNICAT Technologies announced an exclusive partnership with a leading Asian specialist in pressure swing adsorption (PSA) technology to enhance high-purity hydrogen production for industrial applications. This collaboration aims to optimize hydrogen recovery and efficiency, providing advanced solutions to support the growing demand for cleaner energy in various industries.
- In April 2024, Linde signed two agreements with Guangdong Zhongnan Iron & Steel, part of the China Baowu Steel Group. The first involves de-captivating and upgrading an air separation unit (ASU) at the Shaoguan plant, increasing Linde’s on-site capacity to 130,000 cubic meters per hour. Additionally, Linde extended its long-term industrial gases supply agreement, strengthening their partnership in the region.
- In Feb 2024, Danaher Corporation introduced the SUPRA AKS FB portfolio, a breakthrough in food and beverage processing. Enhancing its activated carbon media offerings, this new solution provides higher adsorption capacity and is food contact compliant. It helps manufacturers improve efficiency, reduce costs, and maintain quality and compliance in food and beverage processing.
Adsorption Equipment Market: Competitive Landscape
Key companies profiled in the Adsorption Equipment Market are Danaher Corporation, CECO Environmental, Linde plc, Calgon Carbon Corporation, Xebec Adsorption Inc., General Carbon Corporation, Munters Group, Honeywell International, Air Products and Chemicals, Inc., Atlas Copco AB and others.
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