Air Pollution Control Equipment Market | Covid-19 Impact Analysis

Air Pollution Control Equipment Market Insights

Air pollution control equipment are the tools or devices used to reduce and remove the harmful air contaminants. The origin of air pollution can be seen in the industrial revolution when the industries started to over-exploit natural resources such as wood, coal, water, and land. People had begun to sense the danger of the industrialization because of increased toxicity in air and its horrifying effects. Government institutions across the developed economies began enforcing various clean air laws across different manufacturing and processing sectors.

Industrial air pollutants are generated at every stage of the industrial process, including the gathering of the raw materials, manufacturing of final products, maintenance & repairs, distribution, etc. Some of the major types of equipment used to control industrial air pollution include oxidizers, scrubbers, air filters, and electrostatic precipitators (ESPs). These act as tools to help industries to comply with the standards set by various government agencies.

The global air pollution control equipment market is projected to grow at an impressive rate over the next five years to reach US$ 10.4 billion in 2025. The growing global economy is driving the industrial output, which, in turn, is raising the pollution level, especially in the developing economies because of poor stringent emission control regulations coupled with low awareness about the pollution. However, in recent years, major economies are focusing on implementing stringent emission control policies in order to improve air quality. Also, there has been a growing awareness of health and safety, which is further triggering the demand for air pollution control equipment.

Air Pollution Control Equipment Market Share Analysis

Air Pollution Control Equipment Market Share by Product Type

Based on the product type, the air pollution control equipment market is segmented as Oxidizers, ESPs, Scrubbers, Air Filters, and Others. Oxidizers are further broken down into thermal oxidizers, catalytic oxidizers, and other oxidizers. Analogously, ESPs are into dry ESPs and wet ESPs and scrubbers into dry scrubbers and wet scrubbers. ESPs are likely to remain the dominant segment during the forecast period, owing to their low maintenance and operating costs and high collection efficiency, delivering excellent results. Oxidizers are expected to remain the fastest-growing product type over the next five years as they are considered to be the most energy-efficient air pollution control equipment.

Air Pollution Control Equipment Market Share by Application Type

Based on the application type, the air pollution control equipment market is segmented as Chemical & Pharmaceutical, Flavour & Fragrance, Wood Products, Tire, Automotive, and Others. Chemical & pharmaceutical is projected to remain the most dominant as well as the fastest-growing application type in the air pollution control equipment market during the forecast period. Manufacturing of chemicals and medicines releases some hazardous and cryogenic fumes; adversely affecting the human race. Major equipment used for controlling air pollution in chemical & pharmaceutical application is thermal & catalytic oxidizers, dry & wet scrubbers, mist eliminators, and dust collectors.

Regional Insights

In terms of region, Asia-Pacific is projected to remain the largest as well as the fastest-growing market for air pollution control equipment during the forecast period. China is one of the largest producers of chemicals, cement, automotive, flavor & fragrance, and tires among others. Huge domestic demand and significant cost benefit are driving the growth of the industrial sector in the country, which, in turn, is affecting the air quality of the country. The country is implementing stringent policies in order to control industrial air pollution. For instance; coal-fired power plants with capacity over 200 MW in all cities in Eastern China are required to install De-NOX filters. Since 2015, there has been a stricter implementation of environmental laws to curb industrial pollution in China. Thousands of factories that were unable to meet production standards have been suspended. Similar trends have also been witnessed in other emerging economies of the region including India and Taiwan.

Europe is expected to remain the second-largest market for air pollution control equipment in years to come. Western Europe is estimated to remain the major market, whereas Eastern Europe is projected to remain the fastest-growing market in Europe. European Union has set a limit for emissions of pollutants from large combustion plants with a thermal input of 50 MW or more and medium combustion plants over 1MW or less than 50 MW as a part of the Clean Air Policy Package.

Key Players

The supply chain of this market comprises of parts manufacturers, air pollution control equipment manufacturers, distributors, and end-users. Some of the key players in the air pollution control equipment market are Anguil Environmental Systems, Inc., Babcock & Wilcox Enterprises, Inc., CECO Environmental Corp., CTP Chemisch Thermische Prozesstechnik GmbH, Durr AG, GE Company, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., The Fives Group, and Zeeco Inc.

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Market Scope & Segmentation

The market is segmented in the following ways:

Air Pollution Control Equipment Market Size, Share & Forecast by Product Type:

• Oxidizers
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Product Type Analysis: Thermal, Catalytic, and Others
• ESPs
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Product Type Analysis: Dry ESPs and Wet ESPs
• Scrubbers
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Product Type Analysis: Dry Scrubbers and Wet Scrubbers
• Air Filters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Air Pollution Control Equipment Market Size, Share & Forecast by Application Type:

• Chemical & Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Flavor & Fragrance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wood Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Tire (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Air Pollution Control Equipment Market Size, Share & Forecast by Region:

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Western Europe, Eastern Europe and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s air pollution and control equipment market realities and future possibilities for the forecast period of 2020 to 2025. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Market Segmentation

• Current market segmentation of any one of the applications by product type

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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