According to the research report titled ‘Global air pollution control system market 2019-2027’, available with Market Study Report, global air pollution control system market is anticipated to grow with a CAGR of 4.96% through 2027.
 

Strict government regulations relating to environmental conservation have mandated industries to adhere to all necessary measures, which is acting as the key driver for the growth of global air pollution control system market. Increasing population along with rapid industrialization are leading to surge in air pollution, thus augmenting the industry outlook.
 

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In addition, federal measures to reduce coal consumption in the production of electricity, and paradigm shift to renewable sources like wind or solar energy are bolstering the worldwide air pollution control system market share.
 

For the unaware, air pollution control systems are used to minimize air pollution using a number of components like thermal oxidizers, electrostatic precipitators, catalytic converters, scrubbers etc.
 

Notably, workforce in power generation industries come in direct contact with gases, chemicals, or other harmful substances every day, affecting their health adversely. To ensure safety of their employees, it has become essential for organizations to set up air pollution control systems, thereby generating revenues for the industry.
 

However, installation of air pollution control systems require huge investments, and incur excessive costs for installation as well as maintenance of the machines in a timely manner, which is impeding the market growth.
 

Speaking of regional outlook, global air pollution control system market sphere is classified into geographies like Europe, North America, Latin America, Asia-Pacific, and Middle East & Africa.
 

The report cites that Latin America is likely to hold significant market share by the year 2027. Countries like Brazil and Chile have developed regulatory programs, which along with strict compliance of rules by industries are boosting the demand for air pollution control systems across LATAM.
 

Key contenders in global air pollution control system industry include Hamon Group, KC Cottrell Inc., Zhejiang Feida Env. Sci & Tech Co. Ltd., ELEX AG, FLSmidth & Co. A/S, Mutares SE & Co. KGaA, Babcock & Wilcox Company, Thermax Limited, Siemens AG, Mitsubishi Power Ltd., Fujian Longking Co. Ltd., Southern Erectors Inc./Thermal Systems Group, John Wood Group plc, and Beltran Technologies Inc.