Air Pollution Control Systems Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Scrubbers, Thermal Oxidizers, Catalytic Converters, Electrostatic Precipitators, and Others); Application (Chemical, Iron & Steel, Power Generation, Cement, and Others); and Region/Country
Global Air Pollution Control Systems Market is expected to grow at a significant rate of around 5% during the forecast period. The rising concerns for an environment-friendly environment would increase the overall demand for air pollution control systems. This is due to surging industrialization which emits a lot of air pollution which leads to airborne diseases, breathing in air pollutants can irritate a patient’s airways and may cause shortness of breath, coughing, wheezing, asthma episodes, and chest pain. For instance, according to the world health organization (WHO), 9 out of 10 people breathe air containing high levels of pollutants. In 2019, 99% of the world population was living in places where the WHO air quality guidelines levels were not met. Both the number of cases and the prevalence of pollution have been steadily increasing over the past few decades. These factors will proliferate the air pollution control system market growth during the forecast period.
Babcock & Wilcox Enterprises Inc., Daikin Industries Ltd., Donaldson Company Inc., ELEX AG, GEA Group AG, General Electric Company, Hamon Group, MANN+HUMMEL, Mitsubishi Hitachi Power Systems ltd., and Thermax Limited. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, catalytic converters category to witness robust CAGR during the forecast period”
Based on product, the market is segmented into scrubbers, thermal oxidizers, catalytic converters, electrostatic precipitators, and others. catalytic converters category to witness a significant growth rate during the forecast period owing to their ability to exist in a variety of oxidation states, the interchange between oxidation states, form complexes with organic ligands, and act as a good source of electrons. Moreover, it is mandatory to install catalytic converters in all types of cars. Further, it is modified and used on trucks, buses, forklifts, mining equipment, generator sets, locomotives, motorcycles, airplanes, and other engine-fitted devices.
“Amongst application, power generation category to witness robust CAGR during the forecast period”
Based on application, the market is segmented into chemical, iron & steel, power generation, cement, and others. power generation category to witness a considerable growth rate during the forecast period. This is mainly due to the growing industrialization, high demand for power supply and the strict government regulations regarding air pollution control will increase the installations of the air pollution control systems and therefore drive the growth of the air pollution control systems market. For instance, in 2019, the Central Government of India designated the Council of Scientific and Industrial Research–National Physical Laboratory (CSIR-NPL) as the National verification agency for certifying equipment and instruments for monitoring emissions and ambient air.
“APAC to hold a significant share in the market”
For a better understanding of the market adoption of air pollution control systems, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia Pacific held a significant market share in the global market. APAC held a significant market share in the global market owing to a large and growing base of chemical, petroleum, and petrochemical industries and its associated sectors along with a large automotive market in the region. Further, the rising focus on environmental protection has opened new areas of pollution control systems in the region. This is further likely to boost the market. For instance, according to the UN Environment Programme (UNEP), 6.5 million people die annually from exposure to poor air quality. 70% of air pollution-related death occur in the Asia Pacific.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.1. Market Definitions|
|1.2. Main Objective|
|2.1. Research Process of the Air Pollution Control Systems Market|
|2.2. Research Methodology of the Air Pollution Control Systems Market|
|2.3. Respondent Profile|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. IMPACT OF COVID-19 ON THE AIR POLLUTION CONTROL SYSTEMS MARKET|
|6. AIR POLLUTION CONTROL SYSTEMS MARKET REVENUE (USD BN), 2020-2028F|
|7.2. Thermal Oxidizers|
|7.3. Catalytic Converters|
|7.4. Electrostatic Precipitators|
|8.2. Iron & Steel|
|8.3. Power Generation|
|9.1. North America|
|9.1.3. Rest of North America|
|9.2.6. Rest of Europe|
|9.3.4. Rest of Asia-Pacific|
|9.4. Rest of World|
|10.1. Market Drivers|
|10.2. Market Challenges|
|10.3. Impact Analysis|
|11. AIR POLLUTION CONTROL SYSTEMS MARKET OPPORTUNITIES|
|12. AIR POLLUTION CONTROL SYSTEMS MARKET TRENDS|
|13.1. Demand Side Analysis|
|13.2. Supply Side Analysis|
|14. VALUE CHAIN ANALYSIS|
|15.1. Competitive Landscape|
|15.1.1. Porters Fiver Forces Analysis|
|16.1. Babcock & Wilcox Enterprises Inc.|
|16.2. Daikin Industries Ltd.|
|16.3. Donaldson Company Inc.|
|16.4. ELEX AG|
|16.5. GEA Group AG|
|16.6. General Electric Company|
|16.7. Hamon Group|
|16.9. Mitsubishi Hitachi Power Systems, ltd.|
|16.10. Thermax Limited|
Research Methodology for the Air Pollution Control Systems Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global air pollution control systems market were the three major steps undertaken to create and analyze the adoption of air pollution control systems industries in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global air pollution control systems market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the air pollution control systems market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the air pollution control systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the air pollution control systems market. Further, we conducted factor analysis using dependent and independent variables such as various product and applications of air pollution control systems industries. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the AIR POLLUTION CONTROL SYSTEMS MARKET sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global air pollution control systems market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the air pollution control systems market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global air pollution control systems market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global AIR POLLUTION CONTROL SYSTEMS MARKET. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and application in the global AIR POLLUTION CONTROL SYSTEMS MARKET.
The main objective of the Global AIR Pollution Control Systems Market Study
The current & future market trends of the global air pollution control systems market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the air pollution control systems market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product and application.
- Define and analysis of the regulatory framework for the air pollution control systems industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the air pollution control systems market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the air pollution control systems market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry