Image Source: Daniel Lerps
Structure of the Pollution Controls Industry
The pollution controls industry spans firms that make air/liquid filtration systems to those that focus on nitrogen oxide (NOx) reduction and sulfur abatement systems. The filtration markets are highly competitive requiring significant R&D expenses, and both pricing and margin pressure are present. Though certain patents offer advantages, success of participants in the air pollution control market is dependent on the continued enforcement of pollution regulations across the globe, especially in China where pollution control has become a top priority. We’re neutral on the structure of the group.
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