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The demand for industrial air pollution control equipment is high, especially in developing economies. Apart from power, ferrous/non-ferrous niche industries such as food and beverage, pharmaceuticals, and electronics, having clean environment as a part of their process requirement, require air pollution control equipment.
This study provides an in-depth insight on the global industrial air pollution control equipment market with the base year as 2017. The market is estimated to be $17.7 billion in 2017, and is expected to grow at a CAGR of 4.4% until 2025. Stringent regulations and the need for reducing environmental risks will drive the market, although EU and North America exhibit market maturity. The study covers various technologies such as solids separation, absorption, oxidation, NOx control, and smart control and monitoring systems.
APAC proves to be the leading market, due to rapid industrialization, followed by coal being the primary fuel for industries that use boilers. APAC has experienced a rapid rise in industrialization in the past 10 years; China, India, Indonesia, and Vietnam are the key contributors to various types of industrialization. Severe air pollution in countries such as China and India has led to a revamp of policies and implementation of stringent air pollution standards. The APAC industrial air pollution control market is estimated to have a market size of $6.4 billion, growing at a CAGR of 5.5 % from 2017 to 2025.
Due to the presence of large installed base of various solids separation and absorption technologies, North America and Europe are predominantly replacement markets. Upgrades are being added on a continual basis to keep up with the regulatory reforms. Middle East and Africa and Latin America are also growing markets. Chile is the leading destination for air pollution control systems in LATAM, followed by Brazil, Mexico, and Argentina. The Middle East is a key market for SOx and NOx control, due to oil and gas industries. Investments in the diversification of industries for economic growth have opened significant opportunities. Africa and Latin America are plagued by a lack of funds; however, increased foreign direct investments (FDI) aid in the growth of their industrial base and mining. These industries would be the key contributors for market growth.
The segmentation and coverage for the study includes:
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