Global Industrial Air Pollution Control Solutions Market - Growth, Trends and Forecasts (2018 - 2023)
Environmental pollution has been a pressing problem for a while, and now it is on the priority list of all the governments across the world, who are stepping-up and taking a stringent stand to curb the problem. The implementation of stringent air quality control norms by developed nations boosts the adoption of air pollution control equipment in the short term, and eventually, the developing nations are also expected to implement similar norms that are likely to increase the market demand for industrial air pollution control solutions in the long run. Asia-Pacific region is likely to witness fastest growth during the forecast period, due to increasing construction activities leading to growth in the demand for cement, increasing coal-based power generation, and anticipated expansion in the oil & gas sector in the region.
Growing End-user Industries - Drive the Market
Air pollutants in the form of particulates, gases, vapors, or even aerosols have been increasing noticeably, with growing number of industries. Due to increasing air toxins from industries, air quality control regulations have increased, worldwide. In Asia-Pacific, the industrial sector has been witnessing strong growth in countries, such as China and India. In Europe, the industries are expected to outdo the growth rates of the previous years. Besides this, the industries in the United States are likely to revive, due to the government intention to ban automotive import from Mexico. Due to the increasing environmental concerns, these industries have to comply with the global emission, which has created market for air pollution control equipment for industrial installations. Hence, with the growing industrial establishments, the demand for industrial air pollution control solutions market is likely to increase during the forecast period.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific is expected to dominate the demand for industrial air pollution control solutions during the forecast period, due to rising construction activities leading to growth of cement industry, increasing coal-based power generation, and anticipated expansion in the oil & gas sector activities in the region. Europe is expected to witness rise in the demand for industrial air pollution control devices, due to the increasing governmental regulations for improving air quality. Further, increasing government regulations and anticipated growth of the chemical industry is expected to drive the demand for industrial air pollution control equipment in North America.
Increasing Emission Regulations in India
The increasing rate of coal consumption, illegal mining operations, and less efficient industrial processes have led to the deterioration of air quality in India. The country has also been witnessing growth of industrial sector, driven by the government’s “Make in India” campaign, which adds to the need to install air quality control devices as per the CPCB standards. In addition, the growing per-capita energy consumption and demand for the same are the major factors responsible for the high levels greenhouse gas emissions. As a result, the Central Pollution Control Board (CPCB) has implemented air pollution control norms and standards that mandate the installation of industrial air pollution control solutions in all industries, in the country. Hence, increasing government regulations regarding emissions is likely to drive the demand for industrial air pollution control devices in the country.
Key Developments in the Market