Alarming Levels of Pollution coupled with Favorable Government Regulations is expected to Proliferate Air Pollution Control Systems Market

NOIDA, India, October 18, 2022 /PRNewswire/ — According to a new report by UnivDatos Markets Insights, the air pollution control systems market was more than estimated $70 billion in 2020 and is expected to grow at a CAGR of around 5% from 2022 to 2028. The analysis was divided into product (scrubbers, thermal oxidizers, catalysts, electrostatic precipitators and others); Application (Chemical, Iron & Steel, Power Generation, Cement and others); Area.

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Air Pollution Control Systems market report has been compiled by gathering informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report uses multiple analyzes to provide a more in-depth outlook of the Air Pollution Control Systems market. The Air Pollution Control Systems Market report provides a detailed analysis of the latest industry developments and market trend factors affecting market growth. Additionally, this market statistical research repository studies and estimates Air Pollution Control Systems Market on a global as well as regional level.

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Market Overview

The air pollution control systems market is expected to grow at a steady growth rate of around 5% due to the increase in production of consumer and passenger vehicles. The increasing concern for a green environment would increase the overall demand for air purifiers. This is due to the increasing industrialization that emits a lot of air pollution that leads to airborne diseases. In addition, air pollution consists of chemicals or particles in the air that can damage buildings, harm human, animal, and plant health. Pollutants can be gases, solid particles or liquid droplets. sources of air pollution. In addition, in the current situation, an efficient air pollution control system is important in terms of setting consistency norms, extended approvals and increased local pressure. For example, according to the World Health Organization (WHO), in 2019, 99% of the world’s population lived in places where WHO air quality guidelines were not met.

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Some of the major players in the market are Babcock & Wilcox Enterprises Inc., Daikin Industries Ltd., Donaldson Company Inc., Elex IncGEA Group AG, General Electric Company, Hamon Group, MANN+HUMMEL, Mitsubishi Hitachi Power Systems Ltd., Thermax Limited.

Effects of COVID-19

Due to travel restrictions and the forecast gloomy financial development of market participants in 2020, the spread of the COVID-19 pandemic is affecting all industries. Supply chain execution, regulatory and policy changes, labor dependency, working capital management, and liquidity and solvency management are all major concerns for manufacturers of pollution control systems. As the COVID-19 epidemic has declined significantly by early 2021, many businesses are resuming operations. In terms of demand and supply. In addition, post-pandemic awareness of environmental pollution has increased, which will drive the market growth in the near future.

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The global Air Pollution Control Systems market report is thoroughly studied with several aspects that would help the stakeholders to make their decisions in a more curated way.

  • Based on the product, the market is segmented into scrubbers, thermal oxidizers, catalysts, electrostatic precipitators, and others. Catalysts category to register the fastest growth rate during the forecast period. A catalytic converter is a unit that fits into the front portion of a vehicle’s exhaust system near the engine to reduce pollution from gaseous pollutants such as carbon monoxide, nitrogen oxides, and hydrocarbons.
  • On the basis of Application, Air Pollution Control Systems market has been categorized into Chemical, Iron & Steel, Power Generation, Cement and Others. The power generation category will witness a significant growth rate over the forecast period due to power plants that emit harmful pollutants including mercury, non-mercury metal poisons, acid gases and organic air pollutants such as dioxin. In addition, the increasing demand for industrial products and energy has led to an increase in industrial activities taking place worldwide. Which will boost market growth.
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The Air Pollution Control Systems market is segmented as follows:

  • North America (United States, Canadaand rest of North America)
  • Europe (Germany, United Kingdom, Spain, Italy, Franceand the rest of Europe)
  • Asia Pacific (China, Japan, Indiaand the rest of Asia Pacific)
  • rest of the world

APAC is expected to grow at a substantial CAGR over the forecast period. This is mainly because increasing air pollution in the densely populated APAC region has become a major challenge with toxic effects on the environment, public health and agricultural crop yields. However, these problems create various opportunities for the air pollution control system market. For example, in 2019, air pollution was responsible for around 1,667,000 deaths India. This figure represents 17.8% of all deaths in the country. Particulate matter pollution accounted for 0.98 million deaths, while household pollution caused 0.61 million deaths.

Major players targeting the market include

  • Babcock & Wilcox Enterprises Inc.
  • Daikin Industries Ltd.
  • Donaldson Company Inc.
  • Elex Inc
  • GEA Group AG
  • General Electric Company
  • Hamon group
  • MANN+HUMMEL
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Thermax Limited.

competitive landscape

The level of competition among prominent global companies has been elaborated through the analysis of several leading key players operating worldwide. Specialist team of research analysts throws light on various features such as global market competition, market share, latest industry advances, innovative product launches, partnerships, mergers or acquisitions by leading companies operating in the Air Purification Systems market. Key players have been analyzed using research methodologies to provide insights into global competition.

Key Questions Answered by This Analytical Market Research Report Include:

  • What are the latest trends, new patterns, and technological advancements in the Air Pollution Control Systems market?
  • What factors are affecting the Air Pollution Control Systems market during the forecast period?
  • What are the global challenges, threats, and risks in Air Pollution Control Systems market?
  • What factors are driving and restraining the Air Pollution Control Systems market?
  • What are the challenging global regions of Air Pollution Control Systems Market?
  • How big will the global market be in the coming years?
  • What are the crucial market acquisition strategies and policies employed by global companies?
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air pollution control systems market report coverage

report attributee

details

base year

2021

forecast period

2022-2028

growth dynamics

Accelerate at a CAGR greater than 5%

Market size 2020

$70 billion

Regional Analysis

North America, Europe, APAC, Rest of World

Main Contributing Region

APAC dominates the Global market for air pollution control systems

Key countries covered

United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan and India.

company profiled

Babcock & Wilcox Enterprises Inc., Daikin Industries Ltd., Donaldson Company Inc., ELEX AG, GEA Group AG, General Electric Company, Hamon Group, MANN+HUMMEL, Mitsubishi Hitachi Power Systems Ltd. and Thermax Limited.

report scope

Market Trends, Drivers and Constraints; sales estimation and forecasting; segmentation analysis; impact of COVID-19; demand and supply analysis; Ccompetitive landscape; company profiling

Covered Segments

By product; By application; By region/country

About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing insights through market research reports, custom business research and primary research. Our research studies are spread over subjects all over the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We provide in-depth studies, in-depth analysis, and customized reports that help create successful business strategies for our clients.

Contact

UnivDato’s Market Insights
Ankita Gupta
Operations Director
Telephone: +91-7838604911
Email: [email protected]
Website: https://univdatos.com/

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SOURCE UnivDatos Market Insights Pvt. GmbH.

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