LOS ANGELES, Feb. 05, 2019 (GLOBE NEWSWIRE) -- The global air pollution control systems market size in terms of revenue was valued at USD 66.62 billion by 2017 and is expected to exhibit a 5.1% CAGR during the forecast period. Alarming levels of pollution, along with government regulations, are encouraging the adoption of air pollution control systems. Rising urbanization leading to growing respiratory issues in urban areas are significantly driving the global air pollution control system market.
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Chemical and gas scrubbers are commonly used equipment for air pollution control. Catalytic converters are air pollution control systems which convert gases emitted by industrial exhausts and hazardous pollutants into non-hazardous particulate matter by forming a redox reaction, where there is an oxidation and a reduction reaction.
Contaminated air contains unsafe substances in highly concentrated form and this affects the ecology in undesirable way. Unfavorable effects such as damage to environment at a large, damaging health of human health. The eco system is susceptible to pollution from human activities and natural sources. One of the largest originators of air contaminants is combustion processes, and industries which utilize this combustion process at the core of their functionality are said to be among the major contributors to air pollution.
Growing adoption of air pollution control systems, increasing awareness towards the significance of environmental preservation, and ongoing efforts to promote adoption of renewable fuels over fossil fuels by the governing bodies are among the other factors predicted to boost the global air pollution control system market. Several countries’ governing bodies are announcing strict regulations to substantially minimize uncontrolled use of fossil fuels that result in widespread emissions of harmful gases and particulate matter.
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Some of the most prominent users of air pollution control systems are chemical industries. These industries include manufacturers of specialty chemicals, basic chemicals, niche chemicals, and consumer chemicals.
Research, development and exploration for different alternative solutions are on across the globe by the manufacturers, in addition to a number of cleanliness initiatives. Rapid urbanization and industrialization has exerted considerable pressure on regulatory and governing bodies, making it complex for them to efficiently control pollution. Extensive urbanization and industrialization also led to widespread pollution, which was an unexpected result of futile industrial air pollution. Cost-effective options are being presented to service providers and investors to support them to comply with environmental and federal regulations.
The global air pollution control system market is segmented into application, product and regions. On the basis of application the global air pollution control system market is segmented into chemical, iron and steel, power generation, cement and others. On the basis of product, the global air pollution control market is segmented into scrubbers, thermal oxidizers, catalytic converters, electrostatic precipitators and others. On the basis of region the global air pollution control system market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
The U.S. air pollution control systems market is predicted to exhibit a CAGR of 3.8% during the forecast period. Favorable government regulations, united with financial and economic benefits accessible for controlling the pollution, are likely to encourage industry growth in the local market.
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China air pollution control system market is among the largest markets in the Asia Pacific region, attributable to rising industrial and mining activities in the country. In 2016, the Chinese Ministry of Environmental Protection mentioned that 84 out of 338 territory-level cities had accomplished the national air quality standard.
The U.K. air pollution control market was valued at USD 3.5 billion in 2017. The Department for Environment, Food, and Rural Affairs (DEFRA) is entitled with the responsibility of monitoring levels of particulate matter and other harmful gases in the air and regulating the same. In 2017 a report by the Royal College of Physicians and the Lancet Countdown on Health and Climate Change stated that 44 cities in the country have reported air quality below the recommended World Health Organization guidelines.
The key players catering to the global air pollution control system market are Adwest Technologies, Inc., Anguil Environmental Systems, Inc., Catalytic Products International, Inc., Dürr MEGTEC LLC, Indusco Environmental Services, Inc., Monroe Environmental Corporation and among others. The global players are continuously investing in R&D activities and innovating to have updated technology based product portfolio to attract more and more business opportunity from the emerging nation such as that in Asia Pacific countries.
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