The increasing awareness among consumers from the household to an industrial scale, growing end-user industries where the requirement of air quality control is a mandate, need for improvement in productivity and efficiency in industries, and the need for mitigation of health risks is expected to drive the industrial air quality control systems market in Asia-Pacific. 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 the industrial air quality control systems in the long run.
Asia-Pacific is expected to dominate the demand for industrial air quality control systems during the forecast period, due to factors, such as the rising construction activities leading to the growth of cement industry, increasing coal-based power generation, and anticipated expansion in the oil & gas sector activities in the region. China dominated the air quality control system market across Asia-Pacific in 2016, and is expected to have the largest market share during the forecast period. The strict emission regulations, coupled with high growth rates experienced in the power generation, cement manufacturing, and chemicals and metal processing industries, is the major factor driving the demand for air quality control systems in China.
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 Asia-Pacific, 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 during the forecast period.
Cement manufacturing is vital for the growth of the Australian economy. Increasing investments and industrial activities, due to the rapid population growth, are likely to augment the demand for cement manufacturing in the country. According to the Cement Industry Federation in Australia, the cement industry is responsible for about 7.2 Mt per annum of greenhouse gas emissions. This is expected to further escalate the demand for air quality control systems in Australia.
Since the introduction of the Air Prevention and Control of Pollution Act in 1981, India has been focusing on controlling the rising levels of air pollution. 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 in the 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. As per the 2020 Climate Action Plan, India aims to reduce the emission intensity of its GDP by 33-35% by 2030, from the levels recorded in 2005, and boost clean energy sources to 40% in the power generation mix.
The emission regulations and the revision of ambient air quality standards are escalating the demand for air quality control systems, thereby creating a market for both national and international players to compete. Moreover, due to the growing need to balance the economic growth (which is an obvious reason behind the rising pollution levels) and increasing efforts for emission reduction in India, huge investments are expected in the air quality control technology during the forecast period.
Major Players: Thermax Global, Mitsubishi Hitachi Power Systems, Ltd, Amec Foster Wheeler, Babcock & Wilcox Enterprises, Inc., General Electric, Fujian Longking Co. Ltd, Siemens AG, GEA Group, Hamon Corporation, and Horiba Ltd, among others.
1. Executive Summary
2. Research Methodology
3. Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Recent Trends and Developments
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness - Porter’s Five Force Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitutes
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Application
7.1.1 Power Generation
7.1.2 Cement Industry
7.1.3 Iron & Steel Industry
7.1.4 Chemical Industry
7.2 By Type
7.2.1 Electrostatic Precipitators (ESP)
7.2.2 Flue Gas Desulfurization (FGD)
7.2.4 Selective Catalytic Reduction (SCR)
7.2.5 Fabric Filters
8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
8.5 Rest of Asia-Pacific
9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View)
9.1 Thermax Global
9.2 Mitsubishi Hitachi Power Systems, Ltd
9.3 Amec Foster Wheeler
9.4 Babcock & Wilcox Enterprises, Inc.
9.5 General Electric
9.6 Fujian Longking Co Ltd
9.7 Siemens AG
9.8 GEA Group
9.9 Hamon Corporation
9.10 Horiba, Ltd
10. Competitive Landscape
10.1 Mergers and Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Strategies Adopted by Leading Players
*List not Exhaustive
**Subject to availability on public domain