Air Pollution Control Equipment Market Analysis (2020-2025)

Market Highlights

"The global air pollution control equipment market size was estimated at USD 7.2 billion in 2019 and is likely to grow at a CAGR of 6.3% during 2020-2025 to reach USD 10.4 billion by 2025."

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Air pollution control equipment is the tools or devices to reduce and remove harmful air contaminants. The origin of air pollution can be seen in the Industrial Revolution when industries started to over-exploit natural resources such as wood, coal, water, and land. People had begun to sense the danger of industrialization because of increased toxicity in the 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 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.

Market Dynamics

Market Drivers

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.

Segments Analysis

Product Trends

"The ESPs segment accounted for the largest market share."

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.

Application Trends

"The chemical & pharmaceutical segment accounted for the largest market share."

The air pollution control equipment market is segmented as chemical & pharmaceutical, flavour & fragrance, wood products, tire, automotive, and others. Chemical & pharmaceuticals are 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 applications is thermal & catalytic oxidizers, dry & wet scrubbers, mist eliminators, and dust collectors.

Regional Insights

"Asia-Pacific accounted for the largest market share."

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 benefits 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 to control industrial air pollution. For instance; coal-fired power plants with a capacity of 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.

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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
• Zeeco Inc.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

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.

What Deliverables Will You Get in this Report?

Research Methodology

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

This report offers high-quality insights and is the outcome of a 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. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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• Detailed profiling of additional market players (up to three players)
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• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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