Middle East & Africa Industrial Air Quality Control System Market - Growth, Trends, and Forecast (2018 - 2023)
The Middle East & Africa region is highly dependent on the oil & gas sector, and the region has witnessed serious economic challenges, on account of a drop in crude oil prices. As a result, countries in the Middle East region have planned to diversify their industrial infrastructure in order to reduce dependency on the oil & gas sector. Consequently, industries, such as petrochemical, manufacturing, etc. are expected to witness widespread growth in the region. The requirement for energy in the region causes harmful emissions, which can be reduced by the large-scale adoption of air quality control system technologies. Thus, a surge in industrial infrastructure coupled with air quality issues is expected to drive the market for industrial air quality control system in Middle East & Africa during the forecast period.
AQCS Market in Cement Industry to Exhibit the Fastest Growth Rate
The cement industry is one of the major polluting industries in the world, and the major pollutants emitted include particulate matter, SO2, and nitrogen dioxide. Increasing construction activities across the globe, mainly in developing countries of Middle East & Africa (MEA), are expected to escalate the demand for cement in the near future. Moreover, the increased focus on environmental resilience, technological advancements in emission control solutions, and augmentation of cement production are likely to promulgate the AQCS market in Middle East & Africa during the forecast period.
Saudi Arabia to account for Largest Market Share
Saudi Arabia’s industrial emissions are the major contributors for air pollution, with these emissions contributing up to 50% of the hydrocarbon emissions in the country, which has led to a severe deterioration of air quality, resulting in increased government focus to mandate air quality control policies and standards, such as the Ambient Air Standard, 2012. Moreover, the country is a signatory to Kyoto Protocol and has also committed to the Paris Climate Agreement of 2015. Such initiatives and policies by the government is expected to drive the demand for air quality control systems among the air polluting industries of KSA.
Moreover, the government's plan to diversify the economy and privatize a number of government agencies is likely to entail spending and investments in projects across the board, especially, in the oil, gas, petrochemical, water and power generation, and cement factories, thus, offering good prospects to the manufacturers and suppliers of air quality control systems.
Major Players - Thermax Global, Amec Foster Wheeler, Babcock & Wilcox Enterprises, Inc., General Electric, Siemens AG, amongst others.
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