IMARC Group, a leading market research company, has released a report titled “Air Pollution Control Systems Market Report by Product Type (Scrubbers, Thermal Oxidizers, Catalytic Converters, Electrostatic Precipitators, and Others), Application (Chemical, Iron and Steel, Power Generation, Cement, and Others), and Region 2024-2032“. The global air pollution control systems market size reached US$ 84.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 150.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032.
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Factors Affecting the Growth of the Air Pollution Control Systems Industry:
Environmental Regulations:
The rising implementation of stringent environmental regulations is impelling the growth of the market. Governments worldwide are implementing emission standards and regulations to combat air pollution and its detrimental effects on the environment and public health. These regulations demand that industries reduce their emissions of harmful pollutants, such as particulate matter (PM), nitrogen oxides, sulfur dioxide (SO2), and volatile organic compounds (VOCs). Compliance with these regulations is not just a legal requirement but also an ethical responsibility for businesses. Fines and penalties for non-compliance can be substantial, making it financially prudent for industries to invest in advanced pollution control technologies.
Growing Industrialization:
The growing enhancement in industrial operations is offering a favorable market outlook. Moreover, governing agencies of various countries are investing in opening new industrial setups across various sectors, including manufacturing, energy production, and chemical processing. With the increasing industrial activities, there is a rise in pollutant emissions, including greenhouse gases and air pollutants. Apart from this, industries are increasingly investing in pollution control technologies to strike a balance between economic growth and environmental preservation. This investment is driven by the recognition that sustainable and responsible industrial practices are essential for long-term success.
Public Health Concerns:
Heightened public awareness about the adverse health effects of air pollution is supporting the market growth. Moreover, the exposure to air pollutants is increasing the occurrence of various respiratory diseases, cardiovascular problems, and even premature death. As the general populace becomes more informed about these health risks, the pressure on governments and industries to take action is rising. This public concern is leading to increased scrutiny of industrial emissions and their impact on local air quality. Communities and advocacy groups are also demanding cleaner air, compelling for stricter regulations and enforcement.
Leading Companies Operating in the Global Air Pollution Control Systems Industry:
Babcock & Wilcox Enterprises Inc
Beltran Technologies Inc.
Elex AG
FLSmidth & Co. A/S
John Wood Group PLC
KC Cottrell Co Ltd
Mitsubishi Heavy Industries Ltd.
Monroe Environmental Corp.
A. Hamon
Southern Environmental Inc.
Thermax Ltd
Air Pollution Control Systems Market Report Segmentation:
By Product Type:
Scrubbers
Thermal Oxidizers
Catalytic Converters
Electrostatic Precipitators
Others
Scrubbers represent the largest segment as they are designed to remove harmful pollutants from industrial emissions, particularly gases released during various industrial processes.
By Application:
Chemical
Iron and Steel
Power Generation
Cement
Others
Power generation accounts for the majority of the market share due to the rising energy demand around the world.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific's dominance in the air pollution control systems market is attributed to inceasing focus on combating the effects of air pollution caused by industrial activities and vehicular exhausts.
Global Air Pollution Control Systems Market Trends:
The global awareness about climate change and the need to reduce greenhouse gas emissions is bolstering the market growth. Many pollutants controlled by these systems are also potent greenhouse gases. Businesses are increasingly motivated to adopt pollution control measures as part of their broader sustainability strategies. The shift towards cleaner energy sources, such as natural gas, renewables, and electric vehicles, is positively influencing the market. As traditional high-emission energy sources decline, there is an increase in the focus on controlling emissions from the remaining sources to achieve cleaner energy production.
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