Market for environmental protection in China
worth $34.4 billion by 2013
According to a new technical market
research report, “The Environmental
Protection Market in China” (MST033B)
from BCC Research, the global market
for environmental protection products
and equipment in China is expected
to be worth $13.4 billion in 2008.
This will increase to over $34.3
billion in 2013, a compound annual
growth rate (CAGR) of 20.7 percent.
The market is broken down into segments
for products and equipment that address
air pollution, water pollution and
municipal solid waste pollution.
Of these, products and equipment
for water pollution have the largest
share of the market, worth an estimated
$6.5 billion in 2008. This should
increase to $16.8 billion in 2013,
for a CAGR of 21.0 percent.
Products and equipment for air pollution
control have the second largest market
share, worth an estimated $6.1 billion
in 2008 and $15.4 billion in 2013,
for a CAGR of 20.5 percent.
The third largest segment, municipal
solid waste pollution products and
equipment, was estimated at $860.0
million in 2008. This should increase
at a CAGR of 20.5 percent to reach
$2.2 billion in 2013.
In recent decades, China has achieved
rapid economic growth, industrialization,
and urbanization. Annual increases
in gross domestic product of 8.0
to 9.0 percent have lifted some 400
million people out of poverty.
Although technological change, urbanization,
and China’s high savings rate suggest
that continued rapid growth is feasible,
the resources that such growth demands
and the environmental pressures it
brings have raised grave concerns
about the long-term sustainability
and hidden costs of growth. Many
of these concerns are associated
with the impacts of air and water
China’s domestic industry includes
some strong companies, but the rest
are small and don’t use the most
current technology. During the eleventh
Five Year Plan period (2006 to 2010),
China’s environmental protection
and control industry offers significant
potential for foreign companies.
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