Acumen Research and Consulting delivers key insights on the Air Pollution Control System Market in its published report, titled “Air Pollution Control System Market (By Application: Chemical, Iron & Steel, Power Generation, Cement, Others; By Product: Scrubbers, Thermal Oxidizers, Catalytic Converters, Electrostatic Precipitators, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026". The global air pollution control systems market size in terms of revenue is expected to be valued at USD 99.15 billion by 2026 registering a 5.1% CAGR during the forecast period. Extensive gas emission from construction as well as mining sectors and the increase in awareness to control the same is among the prime factor which is projected to boost market growth.
Growing adoption of air pollution control systems, increasing awareness towards the significance of environmental preservation, and ongoing efforts to promote adoption of renewable fuels over fossil fuels by the governing bodies are among the other factors predicted to boost the global air pollution control system market. Several countries’ governing bodies are announcing strict regulations to substantially minimize uncontrolled use of fossil fuels that result in widespread emissions of harmful gases and particulate matter.
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Contaminated air contains unsafe substances in highly concentrated form and this affects the ecology in undesirable way. Unfavourable effects such as damage to environment at a large, damaging health of human health. The eco system is susceptible to pollution from human activities and natural sources. One of the largest originators of air contaminants is combustion processes, and industries which utilize this combustion process at the core of their functionality are said to be among the major contributors to air pollution.
Chemical and gas scrubbers are commonly used equipment for air pollution control. Catalytic converters are air pollution control systems which convert gases emitted by industrial exhausts and hazardous pollutants into non-hazardous particulate matter by forming a redox reaction, where there is an oxidation and a reduction reaction.
Some of the most prominent users of air pollution control systems are chemical industries. These industries include manufacturers of specialty chemicals, basic chemicals, niche chemicals, and consumer chemicals.
Research, development and exploration for different alternative solutions are on across the globe by the manufacturers, in addition to a number of cleanliness initiatives. Rapid urbanisation and industrialization has exerted considerable pressure on regulatory and governing bodies, making it complex for them to efficiently control pollution. Extensive urbanization and industrialization also led to widespread pollution, which was an unexpected result of futile industrial air pollution. Cost-effective options are being presented to service providers and investors to support them to comply with environmental and federal regulations.
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The global air pollution control system market is segmented into application, product and regions. On the basis of application the global air pollution control system market is segmented into chemical, iron and steel, power generation, cement and others. On the basis of product, the global air pollution control market is segmented into scrubbers, thermal oxidizers, catalytic converters, electrostatic precipitators and others. On the basis of region the global air pollution control system market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
The U.S. air pollution control systems market is predicted to exhibit a CAGR of 3.8% during the forecast period. Favourable government regulations, united with financial and economic benefits accessible for controlling the pollution, are likely to encourage industry growth in the local market.
The U.K. air pollution control market was valued at USD 3.5 billion in 2017. The Department for Environment, Food, and Rural Affairs (DEFRA) is entitled with the responsibility of monitoring levels of particulate matter and other harmful gases in the air and regulating the same. In 2017 a report by the Royal College of Physicians and the Lancet Countdown on Health and Climate Change stated that 44 cities in the country have reported air quality below the recommended World Health Organization guidelines.
China air pollution control system market is among the largest markets in the Asia Pacific region, attributable to rising industrial and mining activities in the country. In 2016, the Chinese Ministry of Environmental Protection mentioned that 84 out of 338 territory-level cities had accomplished the national air quality standard.
The key players catering to the global air pollution control system market are Adwest Technologies, Inc., Anguil Environmental Systems, Inc., Catalytic Products International, Inc., Dürr MEGTEC LLC, Indusco Environmental Services, Inc., Monroe Environmental Corporation and among others. The global players are continuously investing in R&D activities and innovating to have updated technology based product portfolio to attract more and more business opportunity from the emerging nation such as that in Asia Pacific countries.
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