Air Pollution Control Systems Market Size by Product Type (Electrostatic Precipitators, Catalytic Convertors, Scrubbers and Thermal Oxidizers), By Application (Power Generation, Cement, Chemical, Iron & Steel and Others), Regions, Segmentation, and Projection till 2029
CAGR: 5.2%Current Market Size: USD 81.59 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2022-2029Base Year: 2021
Global Air Pollution Control Systems Market- Market Overview:
The Global Air Pollution Control Systems market is expected to grow from USD 81.59 billion in 2021 to USD 122.39 billion by 2029, at a CAGR of 5.2% during the Projection period 2022-2029. The growth of this market is mainly driven owing to the increasing cases of airborne diseases and dust particle allergies.
Air pollution control systems are used to purify the air by removing volatile compounds which are injurious to health. A number of factors influence the air pollution control systems market, including the growing demand for air filtration systems from the pharmaceutical and medical sectors, the degradation of air quality across the globe, and rapid industrialization and urbanization. A number of other factors predicted to boost the global air pollution control system market include the increasing adoption of air pollution control systems, the increasing awareness of environmental preservation, and ongoing efforts by governments to encourage the use of renewable energy over fossil fuels. Throughout the Projection period, the growth of cement manufacturing, oil and gas exploration, and metal processing industries, which employ air pollution control systems, will drive the growth of the air pollution control system market. In order to eliminate bacteria, dust particles, and other harmful elements from commercial and residential indoor spaces, as well as improve the overall air quality outside, the major players in the air quality control systems market are trying to improve their product portfolios. The rising cases of breathing problems and people who are already suffering from breathing problems, and dust allergies are driving the growth of the market because air pollution control systems remove all kinds of allergens, dust particles, and microbes present in the air and make the air fresh and healthy for breathing.
Sample Request: - Global Air Pollution Control Systems Market
Market Dynamics:
Drivers:
- Rising awareness for clean and fresh air
Nowadays people are becoming very conscious of environmental safety concerns. Rising air pollution results in so many problems which are affecting the environment as well as the health of living organisms. The residues and toxic gases from industries, dust particles, and microbes are affecting health such as increasing cases of breathing problems, air-borne diseases, allergies as well as the environment such as acid rain. The use of air pollution systems in indoor and outdoor premises, in industries and other places which can deteriorate the quality of air is increasing due to rising awareness which will ultimately boost the growth of the air pollution systems market.
Restraints:
- High product cost
Air pollution control systems are in high demand as they are playing a key role in protecting the environment from air pollution but the factor which is restraining the growth of the market and affecting the demand for the system is the high cost of air pollution control systems. The high installation and maintenance cost of the air pollution systems are making it difficult to become accepted among the majority of consumers which is eventually impacting the growth of the air pollution systems market.
Opportunities:
- Technological advancements
Major key players in the air pollution control systems market are continuously working on the systems to make them more desirable, effective and cost-effective. The rising awareness about the harmful effects of polluted air is triggering the growth of the market and also helping the key players to develop more advanced systems. The availability of advanced air pollution control systems and pipeline development will add more value to the growth of the market.
Challenges:
- Implementation of air pollution-related regulation is slow
There are so many rules and regulations imposed by the government of all countries to protect the environment from air pollution. But it has been observed that the implementation of these rules and regulations is very slow due to which the air pollution rate in some countries is high. Moreover, in developing countries, there is a lack of well-trained and skilled technical professionals who can monitor and control air pollution, and there is limited research and development infrastructure for developing affordable air pollution monitoring technologies. These factors further hinder effective pollution control and monitoring reforms.
Segmentation Analysis:
The global air pollution control systems market has been segmented based on product type, application, and region.
By Product Type
The product type segment includes electrostatic precipitators, catalytic convertors, scrubbers and thermal oxidizers. The scrubbers segment led the largest share of the air pollution control systems market with a market share of around 29.23% in 2021. Various liquids are used in scrubbers to eliminate particulate matter and gases, the liquid atomized used carries pollutant gases and particles to efficiently remove them from the gas stream. Scrubbers are categorized into two types based on the material used in the scrubbers i.e., dry scrubber and wet scrubber. Moreover, scrubbers also play an important role in preventing acidic rain because it removes acidic gases from the exhaust.
By Application
The type segment includes power generation, cement, chemical, iron & steel and others. The power generation segment led the largest share of the air pollution control systems market with a market share of around 29.34% in 2021. The rising power consumption is triggering the power plants to generate more power which is increasing the demand for air pollution control systems in the power plant. Moreover, strict government regulations related to the installation of air pollution control systems in the power plants will also prove to be a beneficial factor in the growth of the market during the Projection period.
Global Air Pollution Control Systems Market- Sales Analysis.
The sale of air pollution control systems expanded at a CAGR of 7.25% from 2015 to 2021.
The advancement in technology and continuous research and development to make air pollution control systems more efficient and demandable is the leading cause behind the market's growth. Moreover, rising cases of air-borne diseases will also contribute to a large share of the market's growth.
The industry is expanding quickly because to the rapid rise in industrial development, but there are several concerns, such the World Bank's decision to stop subsidising E&P activities, that could slow this growth. The important market drivers, trends, and challenges were presented by our researchers after years of research using 2022 as the base year and 2023 as the predicted year. Despite the COVID-19 pandemic's impact on the market's demand, organisations can improve their marketing strategy to acquire a competitive edge by conducting a comprehensive analysis of drivers.
Major key players are trying to make the air pollution control systems user-friendly, which will give rise to new opportunities for the market's overall growth. The global air pollution control system market is also expected to grow due to the increased adoption of air pollution control systems and efforts by governments to promote the use of renewable fuels over fossil fuels.
Thus, owing to the aforementioned factors, the global Air Pollution Control Systems Market is expected to grow at a CAGR of 5.2% during the Projection period from 2022 to 2029.
By Regional Analysis:
The regions analyzed for the gloves market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the air pollution control systems market and held a 38.24% share of the market revenue in 2021.
- The North American region witnessed a major share. Investing in key industries such as chemical manufacturing, power generation, and mining, and the availability of favorable government regulations, coupled with financial and economic benefits for reducing pollution, encourage the growth of the air pollution control system market in the region.
- Asia Pacific is anticipated to experience significant growth during the predicted period. Strong demand for air quality control systems in the Asia-Pacific region is expected to be driven by the development of industrial infrastructure and government-led initiatives to curb harmful emissions. Moreover, the growth of the market in the region is impacted by renewable power generation.
Global Air Pollution Control Systems Market- Country Analysis:
- Germany
Germany's air pollution control systems market size was valued at USD 6.27 billion in 2021 and is expected to reach USD 9.47 billion by 2029, at a CAGR of 5.3% from 2022 to 2029. Market growth in the country is fueled by consumer awareness, stringent air quality control regulations, and increasing awareness of health risks among the general public.
- China
China’s air pollution control systems market size was valued at USD 5.25 billion in 2021 and is expected to reach USD 7.81 billion by 2029, at a CAGR of 5.1% from 2022 to 2029. During the past decade, China's economy, particularly the industrial sector, including power generation, cement manufacturing, chemicals, and metal processing, has grown rapidly, causing significant increases in air pollution resulting in increased demand for air pollution control systems in the country which propels the growth of the market.
- India
India's air pollution control systems market size was valued at USD 4.04 billion in 2021 and is expected to reach USD 6.2 billion by 2029, at a CAGR of 5.5% from 2022 to 2029. Growth in the air pollution control systems market is driven by government actions to curb environmental pollution. Regulations from international and government organizations force power generation companies to use fossil fuels to install systems that monitor and curb emissions. drives the growth of the market.
Key Industry Players Analysis:
To increase their market position in the global air pollution control systems business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
- Amec Foster Wheeler
- Babcock & Wilcox Enterprises, Inc
- Ducon Technologies Inc
- Mitsubishi Hitachi Power Systems Ltd.
- Thermax Ltd
- John Wood Group PLC
- Fujian Longking Co,
- Mutares AG
- KC Cottrell Co
- Elex AG
- Siemens AG
- A. Hamon
- Southern Erectors
- Wilcox Enterprises
- FLSmidth
- Beltran Technologies
- Tianjie Group Co
Latest Development:
- In October 2021, For the installation of AQCS at four of NTPC's power plants, GE Power India received a contract for USD 247 million.
- In February 2022, Khurja (Uttar Pradesh) and Buxar (Bihar) are two power plants approved for investment by the Cabinet Committee on Economic Affairs (CCEA) of INR 11,089 crore and INR 10,439 crore.
Report Metrics
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Report Attribute |
Details |
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Study Period |
2021-2029 |
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Base year |
2021 |
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CAGR (%) |
5.2% |
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Market Size |
81.59 billion in 2021 |
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Forecast period |
2022-2029 |
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Forecast unit |
Value (USD) |
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Segments covered |
By Product Type, By Application and By Region. |
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Report Scope |
Revenue forecast, competitive landscape, company ranking, growth factors, and trends |
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Companies covered |
Amec Foster Wheeler, Babcock & Wilcox Enterprises, Inc, Ducon Technologies Inc, Mitsubishi Hitachi Power Systems Ltd., Thermax Ltd, John Wood Group PLC, Fujian Longking Co, Mutares AG, KC Cottrell Co, Elex AG, Siemens AG, S.A. Hamon, Southern Erectors, Wilcox Enterprises, FLSmidth, Beltran Technologies, and Tianjie Group Co. |
|
By Product Type |
|
|
By Application |
|
|
Regional scope |
|
Scope of the Report
Global Air Pollution Control Systems Market by Product Type:
- Electrostatic Precipitators
- Catalytic Convertors
- Scrubbers
- Thermal Oxidizers
Global Air Pollution Control Systems Market by Application:
- Power Generation
- Cement
- Chemical
- Iron & Steel
- Others
Global Air Pollution Control Systems Market by Region:
- North America
- USA
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Asia-Pacific
- Japan
- China
- India
- Korea
- Southeast Asia
- South America
- Brazil
- Peru
- Middle East and Africa
- UAE
- South Africa
- Saudi Arabia
Frequently Asked Questions
CAGR of the Air Pollution Control Systems market during the Projection period 2021-2029?
The CAGR value of the air pollution control systems market during the Projection period is 5.2%.
Comprehensive details of factors that will challenge the growth of market vendors?
The cessation of funding by the World Bank for E&P activities is a major challenge to the global air pollution control market growth.
Detailed information on factors driving the market's growth between 2021 and 2029?
The rapid rise in industrial development is notably driving market growth during the Projection period.
A thorough analysis of the market�s competitive landscape and detailed information about vendors
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Who are the prominent players of the Air pollution control systems market?
The prominent players of the market are Amec Foster Wheeler, Babcock & Wilcox Enterprises, Inc, Ducon Technologies Inc, Mitsubishi Hitachi Power Systems Ltd., Thermax Ltd, John Wood Group PLC, Fujian Long king Co, Mutares AG, KC Cottrell Co, Elex AG among others.
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