Industrial Growth to Boost the Global Air Quality Control Systems Market to Garner $138.41
billion by
2028
According to an analysis by Triton Market Research, the global air quality control systems market, which was valued at $95.91 billion in 2019, is anticipated to show a CAGR of 4.16% by 2028.
A study by Triton Market Research with the title ‘Global Air Quality Control Systems Market,’ covers the Global Analysis and Forecast for 2019-2028 by Application (Underground Garbages, Tunnels, Air Terminals, Air Pollution Control, Public Transportation Stations, Automobiles, Other Applications), by Pollutant (Gas, VOC, Dust, Other Pollutants), by Type of Product (Ambient Air Quality Control Systems, Indoor Air Quality Control Systems), by Industrial Vertical (Commercial & Residential, Semiconductor, Agriculture, Powertrain Management, Transportation, Mining, Energy & Power, Medical & Pharma), and by Geographical Region (Europe, Latin America, Middle East and Africa, Asia-Pacific, North America).
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According to the report, the global air quality control systems market is likely to generate a revenue of $138.41 billion by 2028. In addition, the market is expected to progress with a CAGR of 4.16% in the forecast period between the years 2019 and 2028.
Air quality control systems refer to control systems that offer solutions for controlling pollutants and contaminants and provide cleaner air. They use air filters and scrubbers to maintain air quality.
The growth in industries like semiconductors and chemicals is driving the need for air quality control systems in the forecast period. The chemical manufacturing process releases hazardous air pollutants (HAPs) and halogenated VOCs that are toxic to the environment. It requires quality control systems for maintaining the quality of air. The increasing importance of air filtration in the healthcare industry, pharmaceutical and biotechnology industries are aiding the market growth. However, the high initial purchase price and operating costs are restraining the growth of the global air quality control market.
Market segments for air quality control systems are based on product type, application, industrial vertical, and pollutant. The first section, "Application," covers things like tunnels, air terminals, cars, public transportation stations, air pollution management, and subterranean trash cans. Subsegments of the second segment, "pollutant," include dust, gas, volatile organic compounds, and other pollutants. Indoor and outdoor air quality management systems make up the two halves of the third section, which is categorised by product category. The final sector, industrial vertical, consists of mining, energy & power, transportation, semiconductor, commercial & residential, agricultural, powertrain management, and medical & pharmaceutical.
The Asia-Pacific is expected to obtain the largest share of the market over the projected period. Countries like India and China are densely populated, which exerts pressure on the need for food, electricity, power, oil, gas, and others. This is resulting in the increased installation of food processing plants and oil & gas processing plants in the region. The increase in these processing plants will lead to increased air pollution and augment the need for air quality control systems. Besides, the Asia-Pacific has the presence of some key players in the market. These companies have been focusing on developing application-specific systems for different industries. All these factors indicate an increase in the regional market growth over the upcoming years.
A few known names in the air quality control systems market are Mitsubishi Hitachi Power Systems Ltd, Mann+Hummel International GmbH, Fujan Longking Co Ltd, Ducon Technologies, Daikin Industries Ltd, Esco International, John Wood Group PLC, Elex AG, General Electric Company, GEA Group AG, Babcock & Wilcox Enterprises Inc, Donaldson Company Inc, Hamon Group, HORIBA Ltd and Thermax Ltd.
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Question & Answer: Air Quality Control Systems Market
Question 1: Which factors are driving the need for air quality control systems in the forecast period?
Answer: The growth in industries like semiconductors and chemicals is driving the need for air quality control systems in the forecast period. The chemical manufacturing process releases hazardous air pollutants (HAPs) and halogenated VOCs that are toxic to the environment. It requires quality control systems for maintaining the quality of air. The increasing importance of air filtration in the healthcare industry, pharmaceutical and biotechnology industries are aiding the market growth.
Question 2: What factors are restraining the growth of the global air quality control systems market?
Answer: The high initial purchase price and operating costs are restraining the growth of the global air quality control market.
Question 3: In which way is the Asia-Pacific influencing the global air quality control systems market outlook?
Answer: The Asia-Pacific is expected to obtain the largest share of the market over the projected period. Countries like India and China are densely populated, which exerts pressure on the need for food, electricity, power, oil, gas, and others. This is resulting in the increased installation of food processing plants and oil & gas processing plants in the region.
The increase in these processing plants will lead to increased air pollution and augment the need for air quality control systems. Besides, the Asia-Pacific has the presence of some key players in the market. These companies have been focusing on developing application-specific systems for different industries. All these factors indicate an increase in the regional market growth over the upcoming years.
Question 4: Which are a few known names in the air quality control systems market?
Answer: A few known names in the air quality control systems market are Mitsubishi Hitachi Power Systems Ltd, Mann+Hummel International GmbH, Fujan Longking Co Ltd, Ducon Technologies, Daikin Industries Ltd, Esco International, John Wood Group PLC, Elex AG, General Electric Company, GEA Group AG, Babcock & Wilcox Enterprises Inc, Donaldson Company Inc, Hamon Group, HORIBA Ltd and Thermax Ltd.
Related Report:
Global Air Pollution Control System Market
The Global Air Pollution Control System Market is predicted to garner $101.98 billion by the year 2027. It is set to progress at a CAGR of 4.96% during the projected years between 2019 and 2027.
The growing adoption of stringent environmental rules and regulations by the government is driving the demand for air pollution control systems. Industries are required to be cautious regarding environmental protection. Sectors like power, refineries, chemical processes, mineral, metals and industrial manufacturing must adhere to the international and local regulations. If the companies fail to comply with these standards, they may potentially face substantial fines or suspension of their operations. The power generation sector is one of the major sources of industrial emission. Thus, this sector has imposed several regulations to control harmful gases like nitrogen oxides (NOx) and sulfur oxides (SOx). Such regulations are aiding the global market for air pollution control systems market.
The ever-increasing population across the world in the last five decades has exerted substantial pressure on the available natural resources like air and water. There is an increasing demand for clean and fresh air for human life sustenance. This is linked to the rapid industrialization throughout the globe and the rising adoption of pesticides in agriculture. This factor has fulled the need for air pollution control equipment, which is impacting the market growth positively.
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