CAGR: 5.2%Current Market Size: USD 81.59 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2022-2029Base Year: 2021
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:
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:
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:
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:
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.
Global Air Pollution Control Systems Market- Country Analysis:
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’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'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.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2021-2029 |
Base year |
2021 |
CAGR (%) |
5.2% |
Market Size |
81.59 billion in 2021 |
Forecast period |
2022-2029 |
Forecast unit |
Value (USD) |
Segments covered |
By Product Type, By Application and By Region. |
Report Scope |
Revenue forecast, competitive landscape, company ranking, growth factors, and trends |
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:
Global Air Pollution Control Systems Market by Application:
Global Air Pollution Control Systems Market by Region:
The CAGR value of the air pollution control systems market during the Projection period is 5.2%.
The cessation of funding by the World Bank for E&P activities is a major challenge to the global air pollution control market growth.
The rapid rise in industrial development is notably driving market growth during the Projection period.
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.
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.
Political Analysis- These variables all relate to the manner and scope of government intervention in the economy or a particular sector. This category might encompass all the effects a government may have on your business. This might include government policy, political stability or instability, corruption, tax policy, labour legislation, environmental law, and trade restrictions. It can also involve foreign trade policy and tax policy. The government may significantly impact a country's infrastructure, health regulations, and educational system. When determining whether a potential market is attractive, these are all things that must be taken into account.
Economic Analysis- Economic considerations determine the performance of a particular economy. Economic growth, exchange rates, inflation rates, interest rates, consumer disposable income, and unemployment rates are among the variables. Since these factors affect consumer purchasing power and may alter demand and supply patterns in the economy, they may have a long-term direct or indirect effect on a company. As a result, it has an impact on many businesses.
Social Analysis- This aspect of the general environment represents the demographic traits, norms, customs, and values of the organisation's community. This includes demographic trends, including the pace of population growth, age and income distributions, attitudes toward careers, a focus on safety, a concern for health, a lifestyle focused on convenience, and cultural obstacles. When marketing to specific customers, these criteria are very crucial. It also reveals the local workforce's readiness to labour in specific circumstances.
Technological Analysis- These elements relate to technological advancements that could positively or negatively impact how the market and industry operate. The level of innovation, automation, research and development (R&D) activity, technical change, and the degree of technological awareness that a market possesses are all mentioned here. These elements could impact decisions on entering specific industries, introducing certain products, or outsourcing production to foreign countries. You might be able to stop your business from spending a lot of money on a technology that would be quickly rendered outdated due to disruptive technological advancements elsewhere if you are aware of what is happening in the world of technology.
Environmental Analysis- Only relatively lately have environmental variables gained prominence. They have gained significance due to rising raw material shortages, government-set pollution targets, and carbon footprint targets. These factors' ecological and environmental components, such as weather, climate, environmental offsets, and climate change, may have a particular impact on certain industries, including tourism, farming, agriculture, and insurance. In addition, the way businesses run, and their products are changing as more people become aware of the possible effects of climate change. As a result, many businesses are becoming increasingly interested in concepts like corporate social responsibility (CSR) and sustainability.
Legal Analysis- These variables include more specific laws, including discrimination laws, antitrust laws, employment laws, consumer protection laws, copyright and patent laws, and health and safety regulations, but there may be some overlap with the political issues. Obviously, for businesses to conduct profitable and moral business, they must understand what is and is not legal. Since every nation has its own set of laws and regulations, this becomes particularly challenging for international businesses. You should also be informed of any potential legislative changes and how they can affect your company in the future. It is advised that you seek the assistance of a lawyer or legal counsel for this activity.
List of Table
List of Figures