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The industries running all over the world use various processing techniques to get the desired end product. After the processing of the raw material, the exhaust generated by the systems contains harmful and toxic pollutants. These can lead to an increase in the impurity of the air and lead to various diseases and damages to flora and fauna surrounding the industry. The exhaust gases can also lead to diseases in human beings. Therefore, the treatment of these exhaust gases forms the major part of any industry, as they ensure cleaner emissions to the atmosphere.
The stringent government norms to control air pollution and the rising concerns over the increasing greenhouse gases, ozone depletion, and ecosystem have obliged every industry to use the air pollution control systems mandatorily. The growth of the cement manufacturing industry, power generation industry, oil and gas industry, chemicals industry and metal processing industries which use the air pollution control systems will drive the growth of the global air pollution control system market over the given forecast period.
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Based on products, the global air pollution control systems market can be segmented into scrubbers, catalytic converter, electrostatic precipitator, flue gas desulphurization, and others. The flue gas desulphurization will dominate the market owing to control the NOx emissions to control the ozone depletion and greenhouse gases level.
Based on applications, the global air pollution control systems market can be segmented into chemical, iron and steel, power generation, cement, and others. The increasing demand for power will see the power segment dominate the global air pollution control systems market in the given forecast period.
The key market driver for the global air pollution control systems market is the increasing demand for industrial products and power, which has seen rise in industrial activities taking place all over the world. Also, the strict government regulations regarding the air pollution control will increase the installations of the air pollution control systems and therefore driving the growth of the global air pollution control systems market.
The key market restraint for the global air pollution control systems market is the increasing adoption of the renewable sources of energy for power generation and in industrial activities. The adoption of renewable sources will eliminate the need for air pollution control systems and therefore can hamper the growth of the global air pollution control systems market.
Key players operating in the global air pollution control systems market are Mitsubishi Power Systems Americas, Thermax Limited, Amec Foster Wheeler, Babcock & Wilcox, Ducon Technologies Inc., GE, Siemens, Monroe Environmental Corp, envea™ Altech Environment U.S.A., Komline-Sanderson, ERG (Air Pollution Control) Ltd, Inciner8 Limited, CODEL International Ltd, Chromatotec, AMETEK Land (Land Instruments International).
The global air pollution control systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The increased industrial activities in the Europe and North America region have seen a large number of air pollution control systems installations. The government in these countries have main concerns over controlling the NOx and SOx emissions which contribute to the ozone depletion. The other various industries coming up in the Europe region are the opportunities for the growth of air pollution control systems. Asia Pacific regions stand as the great opportunity for the air pollution control systems with the number of manufacturing industries coming up and increase in the number of power generation and oil and gas refineries owing to increased demand for power. The rising population and urbanization are the factors behind increased demand for electricity which indirectly impacting the growth of the air pollution control systems in the region. Latin America and the Middle East countries will also see a decent growth with the rise in industrial activities and oil and gas industry in the regions.
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