Air pollution control systems market has significant growth scope
and is estimated to reach USD 97.5 Billion by 2025. The reports forecast the
air pollution control systems market by product type, application, and region.
It highlights COVID-19 impact on the air pollution control systems industry.
Description
Air Pollution Control Systems Market: by Application (Chemical,
Iron & Steel, Power Generation, and Cement), by Product Type (Scrubbers,
Thermal Oxidizers, Catalytic Converters, and Electrostatic Precipitators), and
by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast
(2020–2025)
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Air pollution control systems market report covers a thorough
analysis of the market dynamics, business models, segmental/regional analysis,
and respective market shares and strategies adopted by the key market players
operating in the global market. It entails an in-depth analysis of the factors
influencing the global market and market statistics indicating region wise and
segment-wise market share/growth analysis. The report's study will outlook one
of the most exhaustive analyses of the market, capturing all the aspects of the
air pollution control systems industry.
Air Pollution Control Systems Market Overview
The air pollution control systems market size is expected to
register a CAGR of 4.8% during the forecast period, 2020-2025, and valued at
USD 97.56 billion. The implementation of scrubber’s air pollution control
systems is gaining momentum across the globe as it utilizes various liquids to
eliminate particulate matter and toxic gases. Further, to remove the fine dust,
bacteria, and other harmful elements and improve overall air quality in the
atmosphere, the market's major companies seek to enhance their product range.
These factors will augment the global air pollution control systems market
growth over the forecast period.
Factors Affecting the Air Pollution Control Systems Market
over the Forecast Period
·
The key factors
driving the global Air Pollution Control Systems market
·
are rising air pollution and growing health
awareness among the upper-middle-class population.
·
The increase in air
pollutants and various government initiatives to minimize air pollution is
expected to fuel global market air pollution control systems.
·
An increase in the
number of industries such as cement, healthcare, and pharmaceuticals in
developing countries will fuel the demand for an air pollution control system
and positively affect the global market.
·
Technologies
advancements and deployment of Mercury and Air toxic Standard create new
opportunities for the global Air Pollution Control Systems market.
·
High initial
investment and maintenance costs are hindering the market growth.
·
High initial
investment and maintenance costs are restraining the global air pollution
control systems market.
·
Unfavorable economic
conditions and the advent of alternate energy sources pose many challenges to
the global air pollution control systems market.
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The COVID-19 pandemic is significantly affecting the air
pollution control system market at a moderate rate. COVID-19 is projected to
influence the supply chain and product demand dramatically. Besides, changes in
consumer purchasing behavior due to uncertainty surrounding the pandemic may
have significant consequences for the industry's near-future growth.
Air Pollution Control Systems Market: Scope of the Report
The report outlines the global air pollution control systems
market study based on application and product type.
Based on the application, the air pollution control systems market
has been segmented into –
·
Chemical
·
Iron & Steel
·
Power Generation
·
Cement
·
Others
Air Pollution Control Systems Market: Geographical Outlook
The global air pollution control systems market has been segmented
into five geographical regions, namely, North America, Asia Pacific, South
America, Europe, and the Middle East and Africa. In the global air pollution
control systems market, Asia Pacific holds the largest share, followed by North
America and Europe. Furthermore, Asia Pacific is the fastest-growing region and
is expected to project the highest CAGR in the global market over the forecast
period.
Key Global Air Pollution Control Systems Market
Competitors
The global air pollution control systems market is highly
fragmented, with the presence of a large number of players across the globe.
The key players operating in the global air pollution control systems market
include –
·
Ionisation Filtration
Industries Private Limited
·
Joriki Engineering
·
Alfa Enterprises
·
Babcock & Wilcox
Enterprises Incorporated
·
Foster Wheeler
·
Mitsubishi Hitachi
Power Systems Limited
·
Hamon Corporation
·
KBR
·
Siemens AG
·
Thermax Limited
·
Ducon Technologies
Incorporated
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