Global Industrial Air Quality Control Systems Market - Growth, Trends and Forecasts (2018 - 2023)
Environmental pollution has been a pressing problem for a while, and now it is in the priority list of all the governments across the world to step-up and take a stringent stand to curb it. The implementation of stringent air quality control norms by the developed nations boosts the adoption of industrial air quality control equipment in the short-term, and eventually, the developing nations are also expected to come up with similar norms, which are likely to increase the market demand for industrial air quality control systems in the long run. Asia-Pacific region is likely to witness fastest growth during the forecast period, due to the increasing construction activities leading to growth in the demand for cement, increasing coal-based power generation, and anticipated expansion in the oil & gas sector activities in the region.
Growing End-user Industries - Driving the Industrial Air Quality Control Systems Market
Air pollutants in the form of particulates, gases, vapors, or even aerosols have been increasing noticeably with the growing number of industries. Due to the increasing air toxins from the industries, air quality control regulations have increased worldwide. In Asia-Pacific, the industrial sector has witnessed 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. Owing to the increasing environmental concerns, these industries have to comply with the global emission, which has created the market for air quality control equipment for industrial installations. Hence, with the increasing industrial establishment, the demand for industrial air quality control systems 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 quality control systems 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 quality control devices, due to the increasing governmental regulations for improving air quality. Further, the growing government regulations and anticipated growth of chemical industry is expected to drive the demand for industrial air quality 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 air quality control systems in all industries, in the country. Hence, increasing government regulations regarding emissions is likely to drive the demand for industrial air quality control devices in the country.
Key Developments in the market