Zacks Industry Outlook Tetra Tech, Casella Waste Systems, Atmus Filtration Technologies and CECO Environmental

In This Article:

For Immediate Release

Chicago, IL – September 18, 2024 – Today, Zacks Equity Research discusses Tetra Tech, Inc. TTEK, Casella Waste Systems, Inc. CWST, Atmus Filtration Technologies Inc. ATMU and CECO Environmental Corp. CECO.

Industry: Pollution Control

Link: https://www.zacks.com/commentary/2337210/4-stocks-to-gain-from-thriving-pollution-control-industry

The Zacks Pollution Control industry is poised for growth from increasing demand for air pollution control products due to rising greenhouse gas emissions and growing public awareness of health-related risks. Stringent regulations and emission standards enacted by countries globally should continue boosting the demand for industry players.

However, the increased adoption of renewable sources of energy, with the rising preference for alternative fuels, has marred the outlook of the industry. Tetra Tech, Inc., Casella Waste Systems, Inc., Atmus Filtration Technologies Inc. and CECO Environmental Corp. are likely to capitalize on the opportunities.

About the Industry

The Zacks Pollution Control industry comprises companies engaged in providing innovative filtration systems, replacement parts, solutions for managing medical wastes, energy recovery devices and other products. These products are used in commercial, automotive repair, industrial, home healthcare, retail, construction, pharmaceutical and hospitality end markets.

A few industry participants offer solutions to deal with industrial waste and commercial chemical products and technologies to tackle air pollution. One of the companies also delivers services related to infrastructure, water, resource management, energy, etc., to government and commercial clients. These companies are enhancing investments in developing innovative technologies, improving customer and employee experience and enhancing supply-chain modernization programs.

Major Trends Shaping the Future of the Pollution Control Industry

Solid Demand for Air Pollution Control Products: Rapid urbanization and the consequent rise in greenhouse gas emissions from the industrial sector have been driving demand for air quality control systems. Growing public awareness to mitigate the health hazards of air pollution is a key growth driver of the pollution control market. The expansion of infrastructure projects in developing countries is also boosting the demand for pollution abatement equipment and technologies.

Stringent Government Regulations: Strict emission standards and related laws implemented by countries worldwide to tackle the depletion of the ozone layer and the ecosystem should continue boosting the demand for pollution-control equipment. Europe has some of the strictest pollution control laws in place. Increased usage of artificial intelligence (AI) and the Internet of Things (IoT) in industrial processes has been enabling several industry players to monitor and identify the source of air pollution in real-time, driving the demand for pollution abatement technologies. Also, strong demand for medical, pharmaceutical and hazardous waste management services is boosting the prospects of some industry participants.