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Changing Regulatory Environment Triggers Growth in the Middle East Air Pollution Control Equipment Market Finds Frost & Sullivan - The Middle East air pollution control (APC) equipment market offers significant potential post 2010 with ongoing projects in the cement, metals, desalination, petrochemicals, and power sectors
Changing Regulatory Environment Triggers Growth in the Middle East Air Pollution Control Equipment Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2010/02/20 - The Middle East air pollution control (APC) equipment market offers significant potential post 2010 with ongoing projects in the cement, metals, desalination, petrochemicals, and power sectors.

   
 
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The cement industry and the infrastructure sector have seen subdued activity after 2008, mainly because of the financial turmoil. However the business climate is gradually changing and rapid growth is anticipated after 2010. High-level urbanization is leading to rapid industrialization, causing escalating concern over its effects on the environment.

Newer regulations, guidelines, and legislations are on the anvil to curb air pollution in the Middle East. These norms are expected to match international standards on various parameters. This bodes well for the APC equipment market.

New analysis from Frost & Sullivan (environmental.frost.com), Analysis of Middle East Air Pollution Control Equipment Market, finds that between 2008-09, the market stood at $103.4 million and estimates this to reach $155.0 million in 2014.

If you are interested in more information on this study, please send an email to Tanu Chopra/ Nimisha Iyer, Corporate Communications, at tanu.chopra[.]frost.com / niyer[.]frost.com with your full name, company name, title, telephone number, company email address, company website, city, state and country.

"Saudi Arabia is the largest market in the region, accounting for 48.4 percent of the total regional market, while the UAE is the second largest," says Frost & Sullivan Research Analyst Nitin Saran. "The market is likely to grow at a compound annual growth rate of 8.44 percent from 2009 to 2014."

Another prominent factor spearheading market growth is the demand upswing for retrofit equipment due to the ageing installed base in many industries. Most of the installed power plants in the region are already more than thirty years old. Implementation of more stringent legislations will trigger high demand for retrofit systems as companies strive to fall in line with the new standards.

Companies contemplating investments in these countries have found that information on the amount and type of pollution from the various Arab countries is inadequate. Besides, there is a lack of detailed and reliable information on cleaner production and energy efficiency options for different industries. For these reasons, investors have turned away from this region.

The phasing out of coal and oil for power production and the use of highly efficient gas-fired combined cycle power plants will hamper the momentum of the APC market in the future. Countries in the Middle East are gravitating toward pollution free power generation technologies, including wind power generation. This trend is bound to negatively impact the APC market.

"The weak socio-political environment has reined in market progression and the complex maze of regulations, legislations, licensing, and other institutional obstacles have thrown a spanner in the works for manufacturers of APC equipment," says Saran. "Uncertainties concerning local currency and politics have added another dimension to the problem."

To ensure business progression, suppliers must be alert to the specific situations prevalent as levels of market development and potential for growth vary in each country. Technological development and accompanying revenues are other varying factors that must be taken into account. Participants in this space must have a potent business development strategy in place to move prospects forward.

"Overseas manufacturers can cash in on the low tariffs on imports and tax incentives offered," adds Saran. "However, they will have to meet the overwhelming after-sales service and maintenance requirements."

Chinese manufacturers complicate market dynamics by providing cheaper emission trapping equipment and overseas companies have to find ways to address the issue. Companies that can introduce better technology and provide cost effective solutions will steal a march over competition.

Analysis of Middle East Air Pollution Control Equipment Market is part of the Environmental Growth Partnership Service program, which also includes research in the following markets: Study on the Indian Waste Management Services Market, Strategic Analysis of Fire and Gas Detection Market in India, Analysis of Water and Wastewater Treatment Market in India. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages close to years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Analysis of Middle East Air Pollution Control Equipment Market / P321

 
 
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Changing Regulatory Environment Triggers Growth in the Middle East Air Pollution Control Equipment Market Finds Frost & Sullivan

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Publisher Contact: Tanu Chopra / Nimisha Iyer 
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