Global Air Pollution Control Solutions Market - By Product (Electrostatic Precipitators, Fabric Filters, NO(x) Control, Scrubbers and Absorbers), Application ( Removing SO2 from Flue Gases, Remove Particulate and Acid Mist from Industrial Exhaust, Remove Dust Particulates from Air or Gases, Reduce NOx Emissions), Geography, Trends, Forecast - (2017 - 2022)
The Global Air Pollution Control Market is valued at USD 65.87 billion in 2016 and is expected to reach a value of USD 99.17 billion by the end of 2022, growing at a projected CAGR of 6.02% during the forecast period of 2017 - 2022.
Air pollution control equipment is used to regulate, capture, and eliminate harmful gases produced by industries, from the air stream. An increase in air pollution has led to the demand for air pollution control equipment, globally. Climate change and global warming are effecting everything around and moreover, some of the corporate companies are not complying with the environmental regulations.
Recently, in Indonesia, due to certain industrial mining and deforestation activities, a forest fire was triggered, which spread out to about 5,000 km distance. These forest fires, across Indonesia, have triggered respiratory infections in the neighboring countries, as well. In one month, these fires produced more carbon dioxide than Germany emits in a year. As per the WHO, every year around four million deaths occur from indoor air pollution and around three million deaths from outdoor air pollution. Air quality in most cities is failing to meet the WHO guiding principles of safe levels, which may give rise to and increase various health problems. Therefore, to meet these compliances, major equipment such as the FGD, electrostatic precipitators, fabric filters, NO(x) control, and scrubbers and absorbers are used for air pollution control.
As the regulations are becoming stringent, there is an increased scope for the pollution control equipment market. However, this equipment is expensive and incurs high installation and maintenance costs. New technological improvements are targeting to deliver air pollution control equipment that is more reliable and consumes less power. Moreover, an increase in the air pollution levels has also attracted regional and global vendors to this market. The air pollution control market is segmented by end-user industry (aerospace, oil and gas, public utilities, petroleum refineries, chemical industries, automobile, transportation and logistics and others), application (removing SO2 from flue gases, removing particulate and acid mist from industrial exhaust, removing dust particulates from air or gases, reducing NOx emissions and others) and by geography (North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa).This market is still untapped in the APAC and the Middle East & African regions.
The Air Pollution Control Market report includes a competitive assessment regarding an overview of the market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions. The major companies dominating this market for its products, services, and continuous product developments are - Mitsubishi Hitachi Power Systems Alstom Sa Thermax Ducon Technologies Hamon Corporation Siemens Ag Babcock & Wilcox Fujian Longking Co., Ltd.
Key Deliverables in the Study
Market analysis for the global air pollution control market, with region-specific assessments and competition analysis on global and regional scales. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the global air pollution control market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
Published By: Mordor Intelligence
Published Date: Q1 2017