PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616079
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616079
Air Pollution Control Equipment Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Air Pollution Control Equipment Market was valued at USD 82.6 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2032. Rising automotive emissions due to increased vehicle usage, especially in urban areas, contribute significantly to air pollution. To combat this, governments around the world are enforcing stricter regulations aimed at reducing harmful pollutants such as nitrogen oxides (NOx) and particulate matter (PM), which are detrimental to both the environment and public health. Technological advancements are a key factor driving market growth. Cutting-edge technologies, including electrostatic precipitators, advanced fabric filters, and selective catalytic reduction (SCR) systems, are being developed to specifically target various pollutants, enabling industries to comply with stringent environmental standards.
In 2023, filters & HEPA filters dominated the market with revenues of USD 23.5 billion and are anticipated to reach USD 38.3 billion by 2032. These filters are highly effective in capturing airborne particles such as dust, pollen, and smoke, which makes them essential for meeting strict air quality standards. Ongoing advancements in HEPA filter technology enhance their efficiency and lifespan, increasing their attractiveness despite their higher cost. Based on distribution channels, the market is divided into direct and indirect sales. In 2023, indirect sales held a dominant 72% share and are expected to grow at a 4.9% CAGR during the forecast period.
Indirect sales channels, including distributors and wholesalers, provide manufacturers with broader market access and cost-effective solutions. These intermediaries have established relationships and a deep understanding of local markets, making them vital in expanding product reach while minimizing operational expenses. Asia Pacific market generated USD 29.2 billion in 2023 and is forecasted to grow to USD 47.4 billion by 2032. Rapid industrialization in countries like China and India is driving higher emissions from sectors such as food and beverages, chemical processing, and pharmaceuticals. Additionally, the region's rapid urbanization worsen pollution levels in densely populated areas, further increasing the need for advanced air pollution control solutions.These factors are collectively propelling significant market growth across the Asia-Pacific region.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $82.6 Billion |
| Forecast Value | $129.4 Billion |
| CAGR | 5.2% |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Market 360° synopsis, 2021 - 2032
- 2.2 Business trends
- 2.3 Regional trends
- 2.4 Product type trends
- 2.5 Distribution Channel trends
Chapter 3 Market Insights
- 3.1 Industry ecosystem analysis
- 3.2 Key news and initiatives
- 3.2.1 Partnership/Collaboration
- 3.2.2 Merger/Acquisition
- 3.2.3 Investment
- 3.2.4 Product launch & innovation
- 3.3 Growth drivers
- 3.3.1 Rising Automotive Emissions
- 3.3.2 Technological Advancements
- 3.4 Industry pitfalls & challenges
- 3.4.1 High initial costs & rapidly changing technologies
- 3.5 Regulatory landscape
- 3.6 Technological overview
- 3.7 Growth potential analysis
- 3.8 Trade analysis
- 3.9 Porter's analysis
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share, 2023
- 4.3 Competitive analysis of major market players, 2023
- 4.4 Competitive positioning matrix, 2023
- 4.5 Strategic outlook matrix, 2023
Chapter 5 Market Estimates & Forecast, By Type 2021 - 2032, (USD Billion) (Million units)
- 5.1 Key trends
- 5.2 Scrubber
- 5.3 Mist collector
- 5.4 Catalytic converters
- 5.5 Filters & HEPA filters
- 5.6 Electrostatic precipitator
- 5.7 Oxidizers
- 5.7.1 Thermal oxidizers
- 5.7.2 Catalytic oxidizers
- 5.7.3 Regenerative thermal oxidizers
- 5.8 Others (Activated Carbon Adsorption, Flue Gas Desulfurization (FGD) Systems, etc.)
Chapter 6 Market Estimates & Forecast, By Application 2021 - 2032, (USD Billion) (Million units)
- 6.1 Key trends
- 6.2 Automotive
- 6.3 Chemical processing's
- 6.4 Food & beverage industry
- 6.5 Metallurgical
- 6.6 Mining
- 6.7 Pharmaceuticals
- 6.8 Cement & Aggregates
- 6.9 Others
Chapter 7 Market Estimates & Forecast, By Distribution Channel 2021 - 2032, (USD Billion) (Million units)
- 7.1 Key trends
- 7.2 Direct sale
- 7.3 Indirect sale
Chapter 8 Market Estimates & Forecast, By Region 2021 - 2032, (USD Billion) (Thousand units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
Chapter 9 Company Profiles
- 9.1 Alfa Laval
- 9.2 Babcock & Wilcox
- 9.3 Camfil
- 9.4 Donaldson
- 9.5 Durr
- 9.6 Evoqua Water Technologies
- 9.7 FLSmidth
- 9.8 GEA Group
- 9.9 Lydall
- 9.10 MANN+HUMMEL
- 9.11 Mitsubishi Power
- 9.12 Nederman
- 9.13 Pall
- 9.14 Siemens
- 9.15 Thermax
