Global Air Pollution Control Systems Market 2023-2030

Description

List of Tables

Global Air Pollution Control Systems Market Size, Share & Trends Analysis Report by Type (Electrostatic Precipitators (ESP), Flue Gas Desulfurization (FGD), Scrubbers, Selective Catalytic Reduction (SCR), and Fabric Filters), and by End Users (Power Generation, Cement Industry, Iron and Steel Industry, Chemical Industry, and Others), Forecast Period (2023-2030)

The global air pollution control systems market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). Air pollution control system are a series of devices that work to prevent a variety of different pollutants, both gaseous and solid, from entering the atmosphere primarily out of industrial smokestacks. The growing adoption of indoor air quality with the improving multi-sensor is the key factor supporting the growth of the market globally. IAQ (indoor air quality) multi-sensor works as a plug and play solution with Connect Box to provide crucial data on room air quality. The multi-sensor measures air quality in real time, checking key metrics like temperature and humidity, CO2 saturation, VOC and PM2.5 emissions, as well as light and noise level (dBA). Hence, the market players are also focusing on introducing indoor air quality solutions that further bolster the market growth. For instance, in March 2023, Siemens Smart Infrastructure launched Connect Box, an open and easy-to-use IoT solution designed to manage small to medium-sized buildings. To optimize energy efficiency by up to 30 percent and to substantially improve indoor air quality in small to medium-sized buildings such as schools, retail shops, apartments or small offices.

Segmental Outlook

The global air pollution control systems market is segmented on the type, and end users. Based on the type, the market is sub-segmented into electrostatic precipitators (ESP), flue gas desulfurization (FGD), scrubbers, selective catalytic reduction (SCR), and fabric filters. Further, on the basis of end users, the market is sub-segmented into power generation, cement industry, iron and steel industry, chemical industry and others (transportation). Among the end users, the cement industry sub-segment is anticipated to hold a considerable share of the market owing to the rise in development of electrostatic precipitators (ESPs) that are highly efficient in capturing and removing particulate matter from exhaust gases.

The Flue Gas Desulfurization (FGD) Sub-Segment is Anticipated to Hold a Considerable Share of the Global Air Pollution Control Systems Market

Among the types, the flue gas desulfurization (FGD) sub-segment is expected to hold a considerable share of the global air pollution control systems market. The segmental growth is attributed to the growing adoption of (FGD) in different industrial processes such as burning fossil fuels, refining gasoline, or manufacturing steel, glass, and cement all produce sulfur dioxide as a byproduct. Dry flue gas desulphurization system facilitates SO2 removal with lower water consumption, smaller footprint, utilization of existing stack, lesser lifecycle cost and lesser implementation time. For instance, in July 2020, GE Power India Ltd. (GEPIL)* was awarded three contracts for a combined value of $112.57 million to supply its best-in-class air quality control systems (AQCS) solutions. The projects are to supply FGD technology solutions to NTPC Limited and Hindalco Industries Limited and DeNOx solutions to UP Rajya Vidyut Utpadan Nigam Limited (UPRVUNL)

Regional Outlook

The global air pollution control systems market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to increased Investments in pollution control technologies for sustainable practices to reduce emissions and promote cleaner air.

Global Air Pollution Control Systems Market Growth, by Region 2023-2030

Source: OMR Analysis

The North America Region is Expected to Grow at a Significant CAGR in the Global Air Pollution Control Systems Market

Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to increasing number of installations and rising industrial activities in the region. The demand for air pollution control systems is being driven by increasingly strict environmental regulations. To reduce air pollution and safeguard public health, governments and regulatory bodies are enforcing strict emission standards and requiring industries to implement efficient pollution control measures.

Various market player utilizes smart sensor technology to sense demand, and automatically adjust and control air flow, particulate matter, and help customers reduce energy costs by 40.0% or more while simultaneously reducing their carbon footprint. For instance, in June 2022, CECO Environmental Corp. acquired industrial air quality consultancy and engineering firm, Western Air Ducts Ltd. ("Western Air"), and its patented air control system Inteliair®. Effective immediately, both brands folded into CECO's industrial air platform. The key market players includes Babcock & Wilcox Enterprises, Inc., Beltran Technologies, Inc., CECO Environmental Corp., DuPont de Nemours, Inc. General Electric and others.

Market Players Outlook

The major companies serving the air pollution control systems market include Babcock & Wilcox Enterprises, Inc., CECO ENVIRONMENTAL, General Electric, MITSUBISHI HEAVY INDUSTRIES, LTD., Siemens AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2021, International technology group ANDRITZ signed an agreement with GE Steam Power to acquire parts of their Air Quality Control System (AQCS) technology, including the technology center in Vaxjo, Sweden. ANDRITZ acquires the respective intellectual property (IP), including patents, references, and trademarks, for global use with some exceptions.

The Report Covers:

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global air pollution control systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2028002

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Babcock & Wilcox Enterprises, Inc.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. CECO ENVIRONMENTAL
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. General Electric
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Key Strategy Analysis

4. Market Segmentation

4.1. Global Air Pollution Control Systems Market by Type
- 4.1.1. Electrostatic Precipitators (ESP)
- 4.1.2. Flue Gas Desulfurization(FGD)
- 4.1.3. Scrubbers
- 4.1.4. Selective Catalytic Reduction (SCR)
- 4.1.5. Fabric Filters
4.2. Global Air Pollution Control Systems Market by End Users
- 4.2.1. Power Generation
- 4.2.2. Cement Industry
- 4.2.3. Iron and Steel Industry
- 4.2.4. Chemical Industry
- 4.2.5. Others (Transportation)

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Alstom SA
6.2. Beltran Technologies, Inc.
6.3. Camfil
6.4. CleanTeQ Aromatrix.
6.5. DUCON
6.6. DuPont de Nemours, Inc.
6.7. Durr AG
6.8. FLSmidth & Co. A/S
6.9. GEA Group Aktiengesellschaft
6.10. John Wood Group PLC
6.11. John Zink Hamworthy Combustion
6.12. Johnson Matthey
6.13. MITSUBISHI HEAVY INDUSTRIES, LTD.
6.14. Nederman Holding AB
6.15. Norican Group
6.16. Siemens AG
6.17. SUEZ Group
6.18. Thermax Ltd.
6.19. Thermo Fisher Scientific Inc.