Global pressures to fix climate change are prompting industrial and manufacturing facilities to implement air quality systems to comply with clean air standards. The demand is escalating further because economies are expanding and the resulting increase in housing and construction, all of which use iron and steel.
The phenomenon is also occurring in developing countries such as India and China, which are industrializing while also trying to move increasingly toward sustainable fuels and modern technologies.
“Asia Pacific is thus anticipated to be a major market in the years ahead. Air quality control systems market is anticipated to grow at a CAGR of 6.23% over the forecast period,” says a new report by Research and Markets, which produced its market forecast for air quality control systems — one that looks out to 2021. CAGR is the compound annual growth rate.
Its analysis looks at air quality control systems comprised of selective catalytic reduction, flue gas desulfurization, scrubber control systems, fabric filters, nitrogen oxide control systems and mercury control systems.
It examines closely the manufacturing, construction and chemical sectors along with the energy and power sectors. And it does so by geography, which doesn’t just include North and South America but also Europe, the Middle East, Africa and Asia.
“The competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others,” the report says. Among the key players serving the industry: Alstom, General Electric Siemens, Thermax and Mitsubishi.