Asia-Pacific Air Quality Control Systems Market Worth $45.94 Billion by 2019
DALLAS, September 26, 2014 /PRNewswire/ --
The report "Asia-Pacific Air Quality Control Systems Market by Technology (Flue Gas Desulphurization (FGD), Electrostatic Precipitators, Fabric Filters, Nitrogen Oxide Control Systems, Scrubbers and Mercury Control Systems), by Application (Power Generation, Cement Manufacturing, Iron & Steel, Chemicals, Others), by Country - Trends and Forecasts till 2019", published by MarketsandMarkets, defines and segments the Asia-Pacific Air Quality Control Systems Market along with in-depth analysis and revenue projections. Asia-Pacific Air Quality Control Systems Market is expected to grow from an estimated $33.2 Billion in 2014, to $45.9 Billion by 2019, with a CAGR of 6.7% from 2014 to 2019.
Browse 77 market data tables with 37 figures spread through 150 pages and in-depth TOC on "Asia-Pacific Air Quality Control Systems Market - Trends and Forecasts till 2019".
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Air quality control systems are required for a healthy indoor and outdoor environment. These systems make it possible for industries to comply with national pollution control standards for clean air, thereby improving productivity and lowering health related absences. The air quality control systems market is witnessing a huge demand across the Asia-Pacific because of the stringent regulations for industrial emission.
China: Largest Market for Air Quality Control Systems
Emission regulations are the major factors that drive the air quality control systems market. The growth in industries such as power generation, cement manufacturing, and chemicals and metal processing, the country has witnessed exponential growth in industrial activities, resulting in a huge amount of pollutants through emissions from industries. The stringent regulations pertaining to NOx and mercury emissions in the coming years are expected to increase the demand for AQCS in China. The Asia-Pacific Air Quality Control Systems Market in China is expected to grow at a CAGR of 6.6%, between 2014 and 2019.
The developing economies in Asia such as India, Thailand, and Vietnam; exhaust gases and toxic particulate pollutants are released into the atmosphere directly, without proper treatment. However, this scenario is rapidly changing as increased environmental awareness is reflected in stringent industrial emission regulations and a dedicated approach on the part of industry to better environmental performance and meet customer expectations.
Power Generation: Biggest Market by Application
The Power generation market accounted for the largest share of the total Asia-Pacific Air Quality Control Systems Market, in 2013. Coal is the largest source of energy used for generating electricity worldwide. The increasing number of coal-fired power plants, in the upcoming years, in countries like India and China is expected to increase the demand for AQCS. The large scale use of coal pollutes the environment with toxins creating global warming. Air quality control systems are capable of drastically reducing air pollution emissions from coal-fired power plants consequently, creating a huge demand for these systems.
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Particulate Control Systems Hold a Major Share by Technology
The particulate control systems such as fabric filters and electrostatic precipitators hold a major share of total Asia-Pacific Air Quality Control Systems. The use of fabric filters and electrostatic precipitators is increasing with the stringent emission regulations of particulate matters. The fabric filters market in Asia-Pacific is expected to grow at a CAGR of 7.6% between 2014 and 2019.
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