Air and Water Pollution Control Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Air Pollution Control Equipment and Water Pollution Control Equipment), By Application (Oil and Gas, Mining and Metallurgy, Chemical, Power Generation, Municipal, and Others), Regional Insights, and Forecast From 2024 To 2032

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AIR AND WATER POLLUTION CONTROL EQUIPMENT MARKET OVERVIEW

The global air and water pollution control equipment market size was USD 30.45 billion in 2023 and is projected to grow from USD 31.73 billion in 2024 to USD 44.24 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period. Asia-Pacific holds leading position in air and water pollution control equipment market share in 2023.

In any sector, air and water pollution control equipment is a crucial part of industrial processes that cannot be overlooked. The oil and gas, energy, coal and metal mining, chemical, and waste management sectors are only a few of the major players that have contributed significantly to environmental pollution. The growth can be attributed to rising pollution, declining water quality, expanding urban and industrialization, and other environmental factors. Additionally, the adoption of air and water pollution management technology is being driven by the rise in the demand for clean water, the depletion of freshwater supplies, and the over-exploitation of natural resources like land, water, coal, and water.

COVID-19 Impact: Pandemic Repercussions Affected the Functioning of the Market 

The global COVID-19 pandemic has been unprecedented, staggering, as the air and water pollution control are experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributed to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Due to the COVID-19 virus's persistent global spread, the COVID-19 pandemic had adverse effects on a number of businesses and its market. However, due to an insensitive and strict lockdown imposed by international government bodies, the air and water pollution control equipment market suffered drastic declines and problems during the pandemic, including difficulties with supervisory revisions, variations in demand, interruptions in generic drug sanctions, disruptions in supply distribution channels, and product exportation restrictions.

LATEST TRENDS

Technological Advancements to Boost Product Demand

The market share for air and water pollution control equipment has increased as people are becoming more conscious of air pollution and its detrimental impact on human health. As a result, there is a worldwide increase in the demand for pollution monitoring technology for renewable energy and a strict set of rules. Because it can give intelligent data and enable real-time analysis, which aids in making crucial decisions about environmental protection measures, the need for pollution monitoring equipment is expected to increase.

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AIR AND WATER POLLUTION CONTROL EQUIPMENT MARKET SEGMENTATION

• By Type

Based on type; Air Pollution Control Equipment and Water Pollution Control Equipment.  

• By Application

Based on application; Oil and Gas, Mining and Metallurgy, Chemical, Power Generation, Municipal, and Others.

DRIVING FACTORS

Environmental Awareness to Augment Market Growth

In order to help with the monitoring of noise, soil, and water pollution, sensors and software are utilized in the construction of air and water pollution control equipment. Monitoring the quality of the air in various indoor and outdoor places is the major goal of air quality monitoring devices. Due to increased demand in the oil & gas sector, the gas analyzers and detectors category is predicted to grow at the highest CAGR throughout the projection period.

In the municipal and industrial sectors, water pollution monitoring technology is frequently employed. Agriculture and the management of municipal solid waste are the two main industries that use soil monitoring technology. Municipalities and businesses frequently utilize noise pollution control.

Government Regulation to Boost Market Advancements

Due to lax emission control legislation and low pollution awareness, the rising industrial output caused by the expanding global economy is contributing to an increase in pollution, particularly in developing economies. But in recent years, major economies have prioritized putting into place strict emission control regulations in order to enhance air quality. Additionally, there has been an increase in safety and health consciousness, which is fueling demand for air pollution management technology. These factors are expected to drive air and water pollution control equipment market growth in the coming years.

RESTRAINING FACTORS

Advanced Technologies to Hinder Market Growth

Advanced testing technologies are needed by laboratory analysts to handle extensive sample preparation. The dynamics of the environmental testing industry have significantly changed as a result of the large variety of testing techniques now in use and the development of cutting-edge technology for environmental samples.

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AIR AND WATER POLLUTION CONTROL EQUIPMENT MARKET REGIONAL INSIGHTS

Increasing Demand for the Product to Foster Growth in Asia Pacific

Asia Pacific is predicted to dominate the air and water pollution control equipment market share. China is one of the biggest producers of tires, cement, taste and fragrance, chemicals, and other products. The country's industrial sector is expanding due to high local demand and large financial benefits, which is having an impact on the country's air quality. To reduce industrial air pollution, the nation is enacting strict rules.

Europe is anticipated to continue to be the second-largest market for air pollution control technology in the coming years. The largest market in Europe is predicted to stay in Western Europe, while the fastest-growing market in Europe will continue to be in Eastern Europe.

KEY INDUSTRY PLAYERS

Key Players Aim to Develop Product Application and Awareness Rate

The key market players strategize to augment the amount of production in the market, so consumers can receive the best treatment obtainable. Furthermore, the companies also aim to develop the product to reduce the impacts of the drug’s side effects.  Additionally, the key players also advertise the medications used and raise awareness in the market for treatments.

List Of Top Air and Water Pollution Control Equipment Companies

• Alfa Laval (Sweden)
• LongKing (China)
• GE (U.S.)
• FLSmidth (Denmark)
• Evoqua Water (U.S.)
• AAF International (Australia)
• Sumitomo (Japan)
• Foster Wheeler (Switzerland)
• Feida (Belgium)
• Balcke- Durr (Germany)
• Xylem (U.S.)
• Babcock & Wilcox (U.S.)
• Ducon Technologies (U.S.)
• SPC (France)

REPORT COVERAGE

This report highlights types of the solvent recycling and its latest trends along with the vital driving and restraining factors within the market. Moreover, this report consists of the key industry players and their aims, also factors causing the leading region to reach its position in the market.