Posted On: 2018-01-01
With increasing government efforts to boost investment in industrial and manufacturing sectors, Saudi Arabia would encounter an acceleration in growth of new industries in future. Further, growing awareness and enforcement of air pollution norms in the country would positively affect the installation rate of air pollution control systems in petrochemical, chemical as well as power generation industries over the coming years.
According to 6Wresearch, Saudi Arabia Air Pollution Control System Market revenues are projected to grow at a CAGR of 5.8% during 2018-24. The government is focused on developing non-oil sectors which would shift the economical dependency of the country towards manufacturing units, and chemical & petrochemical industries. Setting up of new industries and the subsequent installation of air pollution control systems in compliance with current regulations for industrial pollution would surge the demand for APCS in the country.
According to Ravi Bhandari, Assistant Manager, Research and Consulting, 6Wresearch, "Scrubber type filters are anticipated to grow at the significant pace over the next six years due to its ability of removing both wet and dry type of pollutants in power generation, petrochemical and chemical industries. Additionally, Flue-Gas Desulfurization (FGD) filters and Electrostatic Precipitators (ESP) filters would also register significant growth on the back of providing effective outcomes against industrial pollutants."
According to Priya Sharma, Research Associate, Research and Consulting, 6Wresearch, "The Eastern region of Saudi Arabia acquired maximum revenue share in APCS market in 2017 on account of presence of petroleum industries and industrial cities such as Jubail and Dammam in the region. Other key cities such as Dammam, Riyadh and Jeddah also offer huge potential."
"Chemical industries and power generation plants are the prime applications of air pollution control systems, contributing to the market growth. Further, with growing number of petrochemical and downstream industries due to rising capital investments would positively impact the industrial sector of the country and would surge the demand for APCS market," Priya further added.
Some of the key players in Saudi Arabia Air Pollution Control System market include- Thermax Private Limited, Amec Foster Wheeler plc, GE Power Systems Inc., Gulf Advanced Control Systems Arabia, Doosan Lentjes Gmbh, AAF Saudi Arabia ltd., ERG (Air Pollution Control) Ltd, Hamon & Cie (International) S.A and Donaldson Company.
"Saudi Arabia Air Pollution Control Market (2018-2024)" provides in-depth analysis with 44 figures and 9 tables covered in more than 113 pages. The report estimates and forecast the overall air pollution control system market by revenues, equipment type, regions and applications such as power generation, chemical industries, iron & steel industries and others. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.