Air pollution control market size to grow by USD 40.55 billion from 2022 to 2027; Growth Driven by the rapid rise in industrial development - Technavio

NEW YORK, June 27, 2023 /PRNewswire/ -- The air pollution control market is set to grow by USD 40.55 billion from 2022 to 2027, progressing at a CAGR of over 7.25% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The rapid increase in industrial development is a major factor driving the global air pollution control market growth. Generally, air pollutants released from industries are GHGs due to the burning of fossil fuels. Factory emissions contribute majorly to the release of CO2, which is the most harmful GHG. Also, ozone that is released into the atmosphere results in smog or ground ozone problems, generating major health issues for people. Large industrial air conditioners release toxic gases that deplete the ozone layer in the stratosphere, where its presence is critical to block out the ultraviolet radiation from the sun. Countries such as China accounted for more than half a percentage of the CO2 emissions in Asia in 2020, followed by India with 12%. Thus, the rising emissions of GHGs from industries and strict emission control regulations will fuel the growth of the global market during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The air pollution control market covers the following areas:

• Air Pollution Control Market Sizing
• Air Pollution Control Market Forecast
• Air Pollution Control Market Analysis

The report on the air pollution control market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Air Pollution Control Market 2023-2027 - Market Dynamics

Major Trends 

The flourishing FGD gypsum market will fuel the global air pollution control market growth. FGD gypsum is a form of synthetic gypsum that is derived from FGD (flue gas desulfurization) systems. The oxidation process results in the formation of FGD gypsum, which is used in various processes such as agriculture, construction, mining, and water treatment. For instance, in agricultural fields, FGD gypsum is applied to the soil, as FGD gypsum supplies necessary nutrients such as sulfur and calcium to plants. However, FGD gypsum also enables clay flocculation and aggregation of soil and lowers surface crusting and infiltration of water.  In addition, with the increasing construction and cement industry and the rising number of infrastructure projects, particularly in developing countries, the demand for FGD gypsum has been growing. Thus, the rising demand for FGD gypsum is anticipated to positively drive the need for FGD systems, which, in turn, will fuel the growth of the global market during the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Major Challenge 

The cessation of funding by the World Bank for E&P activities is a major challenge hindering the global air pollution control market growth. The World Bank has provided an exemption for countries that is not capable of self-finance their oil and gas exploration and production (E&P) activities. The cessation of funding for oil and gas projects is desired at aligning the World Bank Group's activities with the global objectives to reduce climate change due to GHG emissions. This is one of the major contributors to global emissions of GHGs such as CO2, the World Bank has been reducing its investments in this sector. This would restrict the growth of the global market during the forecast period. However, the decline in investments in oil and gas projects would negatively impact oil and gas activities as well as other related industries, such as petrochemicals, which use oil and gas products as feedstock and thereby limiting the need for air pollution control solutions.

Air Pollution Control Market 2023-2027: Market Segmentation

This report extensively covers market segmentation by end-user (power, industries, and others), product (scrubbers, catalyst converters, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

•  The market share growth by the power segment will be significant during the forecast period. The power market segment contains air pollution control equipment employed to prevent air pollution emitted from thermal power plants and gas turbines. Globally, coal is one of the major sources of power generation. Asian countries such as China and India largely drive global coal power generation. These factors, coal-fired and gas-fired power generation account for a substantial share of global electricity generation. When coal burns, many chemical reactions occur. Many of these reactions produce toxic air pollutants and heavy metals, such as mercury, SO2, CO2, NOx, and particulate matter. The adoption of clean energy sources is likely to decrease the share of coal-fired and gas-fired power, lowering emissions and the need for air pollution control equipment in these facilities. The power segment in the global air pollution control market is anticipated to increase moderately during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

The air pollution control market covers the following areas:
Companies Mentioned

• Airex Industries Inc.
• American Air Filter Co. Inc.
• Andritz AG
• Babcock and Wilcox Enterprises Inc.
• Camfil AB
• Donaldson Co. Inc.
• Doosan Lentjes GmbH
• DuPont de Nemours Inc.
• FLSmidth AS
• Fujian Longking Co. Ltd.
• GEA Group AG
• General Electric Co.
• Hamon S.A.
• John Wood Group PLC
• Mitsubishi Heavy Industries Ltd.
• Parker Hannifin Corp.
• PAS Solutions BV
• PBG S.A.
• Sumitomo Heavy Industries, Ltd.
• Thermax Ltd

Vendor Offerings

• Airex Industries Inc. - The company offers air pollution control products and services such as bin vents and shakers.
• American Air Filter Co. Inc. - The company offers air pollution control services and products such as general ventilation filters and gas phase filters.
• Andritz AG - The company offers air pollution control such as wet flue gas cleaning systems.

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The Global Residential Air Quality Control Services Market size is estimated to grow by USD 1,915.49 million between 2022 and 2027, accelerating at a CAGR of 7.78%. This report extensively covers market segmentation by end-user (apartments and standalone houses), service (maintenance and cleaning), and geography (North America, Europe, APAC, Middle East and Africa, and South America). Public awareness about environmental impacts is notably driving the residential air quality control market growth.

The air quality control systems market share in Canada is expected to increase by USD 1.67 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.06%. This report extensively covers the air quality control systems market in Canada segmentation by type (electrostatic precipitator (ESP), flue gas desulfurization (FGD), selective catalytic reduction (SCR), and others) and application (power generation, cement industry, iron and steel industry, chemical industry, and Others). One of the key factors driving the air quality control systems market growth in Canada is the government policies for air quality regulations. 

Key Topics Covered:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)

• 5.2 Comparison by End-user 
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 5.3 Power - Market size and forecast 2022-2027
• Exhibit 29: Chart on Power - Market size and forecast 2022-2027 ($ billion)
• Exhibit 30: Data Table on Power - Market size and forecast 2022-2027 ($ billion)
• Exhibit 31: Chart on Power - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Power - Year-over-year growth 2022-2027 (%)

• 5.4 Industries - Market size and forecast 2022-2027
• Exhibit 33: Chart on Industries - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Industries - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Industries - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Industries - Year-over-year growth 2022-2027 (%)

• 5.5 Others - Market size and forecast 2022-2027
• Exhibit 37: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 5.6 Market opportunity by End-user 
• Exhibit 41: Market opportunity by End-user ($ billion)

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 42: Chart on Product - Market share 2022-2027 (%)
• Exhibit 43: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 44: Chart on Comparison by Product
• Exhibit 45: Data Table on Comparison by Product

• 6.3 Scrubbers - Market size and forecast 2022-2027
• Exhibit 46: Chart on Scrubbers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Scrubbers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Scrubbers - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Scrubbers - Year-over-year growth 2022-2027 (%)

• 6.4 Catalyst converters - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Catalyst converters - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Catalyst converters - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Catalyst converters - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Catalyst converters - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 54: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 55: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 57: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 58: Market opportunity by Product ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 60: Chart on Market share by geography 2022-2027 (%)
• Exhibit 61: Data Table on Market share by geography 2022-2027 (%)

• 8.2 Geographic comparison 
• Exhibit 62: Chart on Geographic comparison
• Exhibit 63: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2022-2027
• Exhibit 64: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 8.4 North America - Market size and forecast 2022-2027
• Exhibit 68: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 8.5 Europe - Market size and forecast 2022-2027
• Exhibit 72: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 8.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 8.7 South America - Market size and forecast 2022-2027
• Exhibit 80: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 83: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 8.8 China - Market size and forecast 2022-2027
• Exhibit 84: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 87: Data Table on China - Year-over-year growth 2022-2027 (%)

• 8.9 US - Market size and forecast 2022-2027
• Exhibit 88: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 91: Data Table on US - Year-over-year growth 2022-2027 (%)

• 8.10 Germany - Market size and forecast 2022-2027
• Exhibit 92: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 95: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 8.11 South Korea - Market size and forecast 2022-2027
• Exhibit 96: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 99: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 8.12 Japan - Market size and forecast 2022-2027
• Exhibit 100: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 103: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 8.13 Market opportunity by geography 
• Exhibit 104: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers 

• 9.2 Market challenges 

• 9.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends 

10 Vendor Landscape

• 10.1 Overview 

• 10.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 108: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 109: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 11.3 Airex Industries Inc. 
• Exhibit 111: Airex Industries Inc. - Overview
• Exhibit 112: Airex Industries Inc. - Product / Service
• Exhibit 113: Airex Industries Inc. - Key offerings

• 11.4 American Air Filter Co. Inc. 
• Exhibit 114: American Air Filter Co. Inc. - Overview
• Exhibit 115: American Air Filter Co. Inc. - Product / Service
• Exhibit 116: American Air Filter Co. Inc. - Key offerings

• 11.5 Andritz AG 
• Exhibit 117: Andritz AG - Overview
• Exhibit 118: Andritz AG - Business segments
• Exhibit 119: Andritz AG - Key offerings
• Exhibit 120: Andritz AG - Segment focus

• 11.6 Babcock and Wilcox Enterprises Inc.
• Exhibit 121: Babcock and Wilcox Enterprises Inc. - Overview
• Exhibit 122: Babcock and Wilcox Enterprises Inc. - Business segments
• Exhibit 123: Babcock and Wilcox Enterprises Inc. - Key news
• Exhibit 124: Babcock and Wilcox Enterprises Inc. - Key offerings
• Exhibit 125: Babcock and Wilcox Enterprises Inc. - Segment focus

• 11.7 Camfil AB 
• Exhibit 126: Camfil AB - Overview
• Exhibit 127: Camfil AB - Product / Service
• Exhibit 128: Camfil AB - Key offerings

• 11.8 Donaldson Co. Inc. 
• Exhibit 129: Donaldson Co. Inc. - Overview
• Exhibit 130: Donaldson Co. Inc. - Business segments
• Exhibit 131: Donaldson Co. Inc. - Key news
• Exhibit 132: Donaldson Co. Inc. - Key offerings
• Exhibit 133: Donaldson Co. Inc. - Segment focus

• 11.9 Doosan Lentjes GmbH 
• Exhibit 134: Doosan Lentjes GmbH - Overview
• Exhibit 135: Doosan Lentjes GmbH - Product / Service
• Exhibit 136: Doosan Lentjes GmbH - Key news
• Exhibit 137: Doosan Lentjes GmbH - Key offerings

• 11.10 DuPont de Nemours Inc. 
• Exhibit 138: DuPont de Nemours Inc. - Overview
• Exhibit 139: DuPont de Nemours Inc. - Business segments
• Exhibit 140: DuPont de Nemours Inc. - Key offerings
• Exhibit 141: DuPont de Nemours Inc. - Segment focus

• 11.11 FLSmidth AS 
• Exhibit 142: FLSmidth AS - Overview
• Exhibit 143: FLSmidth AS - Business segments
• Exhibit 144: FLSmidth AS - Key news
• Exhibit 145: FLSmidth AS - Key offerings
• Exhibit 146: FLSmidth AS - Segment focus

• 11.12 Fujian Longking Co. Ltd. 
• Exhibit 147: Fujian Longking Co. Ltd. - Overview
• Exhibit 148: Fujian Longking Co. Ltd. - Product / Service
• Exhibit 149: Fujian Longking Co. Ltd. - Key offerings

• 11.13 General Electric Co. 
• Exhibit 150: General Electric Co. - Overview
• Exhibit 151: General Electric Co. - Business segments
• Exhibit 152: General Electric Co. - Key news
• Exhibit 153: General Electric Co. - Key offerings
• Exhibit 154: General Electric Co. - Segment focus

• 11.14 Mitsubishi Heavy Industries Ltd. 
• Exhibit 155: Mitsubishi Heavy Industries Ltd. - Overview
• Exhibit 156: Mitsubishi Heavy Industries Ltd. - Business segments
• Exhibit 157: Mitsubishi Heavy Industries Ltd. - Key news
• Exhibit 158: Mitsubishi Heavy Industries Ltd. - Key offerings
• Exhibit 159: Mitsubishi Heavy Industries Ltd. - Segment focus

• 11.15 PBG S.A. 
• Exhibit 160: PBG S.A. - Overview
• Exhibit 161: PBG S.A. - Product / Service
• Exhibit 162: PBG S.A. - Key offerings

• 11.16 Sumitomo Heavy Industries, Ltd. 
• Exhibit 163: Sumitomo Heavy Industries, Ltd. - Overview
• Exhibit 164: Sumitomo Heavy Industries, Ltd. - Product / Service
• Exhibit 165: Sumitomo Heavy Industries, Ltd. - Key offerings

• 11.17 Thermax Ltd 
• Exhibit 166: Thermax Ltd - Overview
• Exhibit 167: Thermax Ltd - Business segments
• Exhibit 168: Thermax Ltd - Key news
• Exhibit 169: Thermax Ltd - Key offerings
• Exhibit 170: Thermax Ltd - Segment focus

12 Appendix

• 12.1 Scope of the report 

• 12.2 Inclusions and exclusions checklist
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 12.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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