Air Quality Control Systems Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 04/13/2016 -- The global air quality control systems market has been exhibiting a remarkable growth in recent times. The rising industrialization has triggered the pollution quotient in the global arena, fueling the demand for air quality control systems. The rising awareness among consumers pertaining to environmental health and pollution control has also fuelled the global market for air quality control systems.
The stringent rules and regulations enforced by several governments regarding industrial emission are likely to drive a massive demand for these systems in the coming years. Various new environmental standards that have been introduced for regulation of hazardous industrial pollutants, particularly in the developed nations of North America and Europe are projected to stimulate the global market for air quality control systems to a great extent.
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Asia Pacific to Continue as the Market Leader
The global market for air quality control systems is spread across Asia Pacific, Europe, North America, and the Rest of the world. Among these regions, Asia Pacific has acquired the leading position and is closely followed by Europe and North America.
Rapid industrialization in emerging economies of Asia Pacific has triggered the demand for energy in the region, leading to the rise in the emission of greenhouse gases and toxic pollutants in this region. According to the market experts, this factor is the key driver of the air quality control systems market in Asia Pacific and it will continue to influence this market positively in the coming years.
PC Systems Drives Significant Demand, Power Generation Plants Segments Emerges as Biggest Consumer
Selective catalytic reduction (SCR) systems, particle control (PC) systems, flue gas desulphurization (FGD) systems, and mercury control (MC) systems are the key products available in the global air quality control systems market. The market share held by the particle control systems segment has increased significantly over the years. The segment is also likely to maintain its growth pace in the near future.
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The oil and gas plants and power generation facilities are the key application areas for air quality control systems. The power generation segment leads the worldwide market for air quality control systems based on application. The large-scale usage of coal for power generation fuels the demand for air quality control systems exponentially in this segment as these systems are capable of reducing the emissions of toxic gases drastically from the coal-fired power plants.
Mergers and Acquisitions form the Key Strategy Adopted by Leading Market Players
The major players operating in the global air quality control systems market are Babcock & Wilcox Co., Alstom SA, Sukriti Engineers India, Mitsubishi, Hitachi Power Systems Ltd., Thermax Ltd., Ducon Technologies Inc., Marsulex, Foster Wheeler AG, Indigo Technologies, Fujian Longking Co. Ltd., Schust Engineering Inc., ADA Environment Solutions, Siemens AG, Hamon Corp., Guodian Longyuan, Trimer Corp., China Boqi, McDermott Technology Inc., CRI Catalyst Co., CormTech Inc., MKS instruments, Burns & McDonnell, and KBR Inc.
Mergers and acquisitions as well as contracts and agreements are the key strategies adopted by the prominent participants in the global market for air quality control systems in order to expand their presence across the globe. Partnerships with major end-use industries is the latest trend in this market.
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