Industrial Exhaust System Market

Industrial Exhaust System Market Outlook (2023 to 2033)

The global exhaust system industry expanded at a CAGR of 3.8% during the historical period between 2018 and 2022. By the end of 2022, the global industrial exhaust system market was estimated to be worth around USD 3,241.5 million.

In the current year, 2023, the net worth of all exhaust systems to be sold globally is estimated to reach USD 3,423 million. A CAGR of 5.6% has been predicted for the market over the forecast period from 2023 to 2033. According to Future Market Insights (FMI), the global market is expected to conclude with a closing value of USD 5,589 million.

Ducts, vents, fans, pipes, collectors, and other parts comprise an industrial exhaust system. These components are used to attach the hood to the chimney. The main purpose of industrial exhaust systems is to control the generated heat by eliminating polluted air containing various contaminants, including fumes, dust, chemicals, shavings, and other dangerous elements, and releasing warm air to maintain internal pressure and temperature at a safe level.

A broad industrial exhaust system and a local industrial exhaust system are two different systems. Industrial exhaust systems local to the area are more dependable, efficient, and effective. General industrial exhaust systems must have a high heat flow rate, which usually raises the price of air-cleaning equipment. Local industrial exhaust systems are economically advantageous because of their modest flow rates.

Report Attributes or Data Points	Details
Global Industrial Exhaust System Market Valuation in 2022	USD 3,241.5 million
Estimated Global Market Share in 2023	USD 3,423 million
Forecasted Global Market Size by 2033	USD 5,589.7 million
Projected Global Market Growth Rate from 2023 to 2033	5.6% CAGR
Historical Market Growth Rate from 2018 to 2022	3.8% CAGR

Increased Manufacturing Due to Global Industrialization is Driving the Industrial Exhaust System Market

Industrial exhaust systems are expected to gain popularity due to increased manufacturing in sectors including the chemical, automotive, and textile industries, as well as increased steel and electrical equipment production. The market is expanding due to the continued demand for industrial exhaust systems and certain contentious regulations by government authorities in numerous nations. The installation of industrial exhaust systems in industrial workplaces is primarily done to create a clean, contaminant-free atmosphere where employees may feel comfortable and perform their jobs effectively.

Industrial Exhaust System Market Growth is Hindered by High Costs Associated with After-sales Product Services

The overall market is being constrained by several issues, including the high price that comes with the low weight of the elements used in exhaust systems, after-sales product services, and others. The market may also be challenged by the shifting pricing of various metals used in the production of industrial exhaust systems.

Automotive Industry is Likely to Create Growth Opportunities for the Industrial Exhaust System Market

Factors including enhanced vehicle manufacturing, higher vehicle sales, and grander global industrialization are anticipated to generate a sizable potential for the market. Several nations have implemented rules to minimize automotive exhaust emissions in response to growing air pollution levels and environmental concerns. OEMs are making their vehicles more environment-friendly by providing models with cutting-edge exhaust systems to cut emissions in the near future. In addition, the increased use of non-noble metals in developing industrial exhaust systems is a significant industry phenomenon.

The North American Market is Driven by the Development of High-performance Industrial Exhaust Systems

exhaust systems. As a result of stricter emission rules, North America's industrial exhaust system market is anticipated to expand considerably in the years to come. Several firms produce high-performance industrial exhaust systems to help people use their vehicles effectively and maximize their performance.

It is anticipated that the North American exhaust system business may soon slow down due to the rapid rise of electric automobiles. The need for exhaust systems increases with automakers on the market. The economic need for exhaust systems in these areas has expanded due to the market's rising demand for heavy-duty automobiles.

Regional Market Comparison	Global Market Share in Percentage
United States	12%
Germany	4.1%
Japan	4.6%
Australia	1.2%

European Industrial Exhaust System Market Witnesses Massive Growth Due to Increased Government Regulation

According to Future Market Insights, Europe is predicted to generate 16.8% of the market's revenue for industrial exhaust systems in 2022. It is likely to continue growing at a rapid rate over the forecast period. A carbon tax has also been proposed to encourage emission reductions in different industrial sectors. Additionally, the rise of the automobile sector in developed nations like France, Italy, and the Netherlands is a result of increased disposable incomes in various societal groups, which may impact the industrial exhaust market in Europe.

The United Kingdom is ranked as the 13th biggest vehicle manufacturer in the world and the fourth in Europe by volume, according to the Society of Motor Manufacturers and Traders. The government has passed tight legislation prohibiting the use of diesel-engine cars in response to the region's rising pollution levels, increasing market demand for industrial exhaust systems.

Regional Markets	CAGR (2023 to 2033)
United Kingdom	4.6%
China	6.2%
India	6.6%

Start-ups are Concentrating on Sustainability to Attain Competitive Edge in the Market

The market for industrial exhaust systems has seen a proliferation of startups, which has improved product quality and increased global sales. In addition, fresh startups are producing new items and working on noteworthy advancements to obtain a competitive edge. The majority of their focus is on sustainability. They have developed fresh concepts to fuel current clean energy technologies, and each contributes to environmental preservation in their unique ways.

Example:

• A pollution-control system by Chakr Innovation catches emissions of dangerous particulate matter and checks them at the source. According to the cleantech startup, their products are paired with exhaust and capture more than 80% of the particulate matter released by diesel engines. The Chakr Shield device by Chakr Innovation promises to capture 90% of the particulate matter emissions from diesel generator exhaust without detrimental effects on the diesel engine. The ink is made using the emissions that have been collected.
• An Indian startup, Artwork by Pavithra, accomplished ink made from automobile exhaust in its artwork. The tool, known as Kaalink, is a retrofit component that can be fastened to diesel generators and exhaust pipes. A live demonstration of the soot-to-ink conversion process, which Graviky Labs is working to put into mass production, was presented alongside the startup's AIR-INK display during a weeklong art, environment, and sustainability festival in Bangalore.

Large Enterprises produce industrial Exhaust Systems with Best-in-class Components to Lead the Market

This competitive landscape for the industrial exhaust system market explains the competitive dynamics in terms of critical factors, including relative market share, product offerings, and distinctive business practices used by the key market participants. The top market participants in the industrial exhaust system industry are concentrating on raising product quality and expanding sales internationally. They are developing industrial exhaust systems that adhere to quality requirements and are constructed from the best-in-class components and evaluated by qualified experts.

Example:

• In May 2022, Airpro Fan & Blower Co. reported significant progress in reducing lead times for smaller direct-drive fans and up to a week for bigger fans. It assessed everything and adopted short-term and long-term measures to address the limits and shorten the lead time.
• In March 2021, in Ramos Arizpe, Mexico, Eberspacher announced the establishment of a new exhaust technology facility. Thus, the business is increasing its footprint in the North American market. The plant is made to develop steadily throughout the next years. Eberspaecher manufactures entire pollution control systems and component parts like particle filters and catalytic converters for passenger cars and commercial vehicles at its new facility adjacent to Saltillo, Mexico.

Key Players

• AirPro Fan & Blower Co.
• American Warming & Ventilating
• Eberspacher
• American Coolair Corporation
• TROX GmbH
• Greenheck Fan Corporation,
• Mestek, Inc.
• LOREN COOK COMPANY,
• PennBarry
• Twin City Fan Companies
• S&P USA Ventilation Systems LLC
• Moffitt Corporation
• Futaba Industrial Co.
• Scott Systems
• AXCES

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 5.6% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	By Type, By End-use Industry, By Region
Regions Covered	North America; Latin America; Asia Pacific; The Middle East and Africa; Europe
Key Countries Profiled	United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa
Key Companies Profiled	AirPro Fan & Blower Co.; American Warming & Ventilating; Eberspacher; American Coolair Corporation; TROX GmbH; Greenheck Fan Corporation,; Mestek, Inc.; LOREN COOK COMPANY,; PennBarry; Twin City Fan Companies; S&P USA Ventilation Systems LLC; Moffitt Corporation; Futaba Industrial Co.; Scott Systems; AXCES
Customization & Pricing	Available Upon Request

Key Segments Covered in the Industrial Exhaust System Market Report

By Type:

• General
• Local

By End-use Industry:

• for the Oil and Gas industry
• for the Chemical Industry
• for the Metal and Mining Industry
• for the Textile industry
• for the Automobile Industry
• for Other Industries

By Region:

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

Frequently Asked Questions

How did the Market Develop in the Past?

From 2018 to 2022, the global market exhibited a CAGR of 3.8%.

What is the Growth Forecast for the Market?

The market is forecast to register a CAGR of 5.6% through 2033.

What Factors Drive the Market?

Surging manufacturing in chemicals, autos, and electronics drives the market.

Which Regional Market is Estimated to Hold High Growth Potential?

India witnessed a CAGR of 6.6% through 2033.

Which Country is the Dominant Share Holder in the Global Market?

The United States accounts for nearly 12% revenue share of the market.