What is the future of Air Pollution Control Equipment Market? Know Covid Impact on Size, Share & Forecasts
July 21, 2020
It was estimated prior to this unanticipated outbreak that the Air Pollution Control Equipment Market will reach US$ 10.4 billion in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Air Pollution Control Equipment Market Share Analysis
Air Pollution Control Equipment Market Share by Product Type
Based on the product type, the air pollution control equipment market is segmented as Oxidizers, ESPs, Scrubbers, Air Filters, and Others. Oxidizers are further broken down into thermal oxidizers, catalytic oxidizers, and other oxidizers. Analogously, ESPs are into dry ESPs and wet ESPs and scrubbers into dry scrubbers and wet scrubbers. ESPs are likely to remain the dominant segment during the forecast period, owing to their low maintenance and operating costs and high collection efficiency, delivering excellent results. Oxidizers are expected to remain the fastest-growing product type over the next five years as they are considered to be the most energy-efficient air pollution control equipment.
Air Pollution Control Equipment Market Share by Application Type
Based on the application type, the air pollution control equipment market is segmented as Chemical & Pharmaceutical, Flavour & Fragrance, Wood Products, Tire, Automotive, and Others. Chemical & pharmaceutical is projected to remain the most dominant as well as the fastest-growing application type in the air pollution control equipment market during the forecast period. Manufacturing of chemicals and medicines releases some hazardous and cryogenic fumes; adversely affecting the human race. Major equipment used for controlling air pollution in chemical & pharmaceutical application is thermal & catalytic oxidizers, dry & wet scrubbers, mist eliminators, and dust collectors.
Regional Insights
In terms of region, Asia-Pacific is projected to remain the largest as well as the fastest-growing market for air pollution control equipment during the forecast period. China is one of the largest producers of chemicals, cement, automotive, flavor & fragrance, and tires among others. Huge domestic demand and significant cost benefit are driving the growth of the industrial sector in the country, which, in turn, is affecting the air quality of the country.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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