Global Air Pollution Control Equipment Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Air Pollution Control Equipment is used to eliminate and reduce harmful contaminants produced by various end-user industries. It includes cement, chemical, power generation, steel, iron, etc. The Air Pollution Control Equipment market is expanding because of factors such as rising stringent government regulations to control pollution and growing concerns about greenhouse gases
According to the Organisation for Economic Co-operation and Development (OECD) in 2021, the national policies are rising year-on-year towards the reduction of greenhouse gas emissions, and increasing energy independence. And also, according to the Indian Brand Equity Foundation (IBEF) in 2021, the renewable energy capacity in India is rising rapidly. The source states that in 2021, the renewable energy capacity has increased by 250 % from the past ten years. Globally India reached the fourth position in renewable energy capacity. As per the same source by 2028, India is projected to invest approximately USD 5000 billion in renewable energy. Whereas rising growth of the cement industry and growing spending by end-user to control air pollution create lucrative opportunities for the market. However, the adoption of renewable sources hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Air Pollution Control Equipment Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the strong economic development across regions such as China, India, and Japan, rapid industrialization, and increasing government regulations to control air pollution. Whereas the Asia Pacific is expected to grow with the highest growth rate during the forecast period, owing to factors such as increasing concerns regarding the carbon emissions, greenhouse gases, rising penetration of market players, etc. in the forecast period.
Major market players included in this report are:
Babcock & Wilcox
Recent Developments in the Market:
In August 2019 -Anguil announced the contract for the supply of ventilation air methane VAM control system across the Coal project in China. The captured polluted air is further used to run a steam turbine to generate electricity
In August 2019-CSIR_NPL Central Government of India Designated Council of Scientific and Industrial Research -National Physical Laboratory is working as a national verification agency for certifying instruments and equipment for monitoring carbon emissions and ambient air. The agency is responsible for testing, management, certification facilities, and development of necessary infrastructure
Global Air Pollution Control Equipment Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Desulfurization and Denitrification,
Oil & Gas,
Mining & Metallurgy,
Rest of the World