The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Air Pollution Control Equipment Market.
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
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.
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.
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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