Global Air Quality Control Systems Market Size To Grow At A CAGR Of 5% In The Forecast Period Of 2022-2027
The ‘Global Air Quality Control Systems Market Price, Share, Size, Trends, Analysis, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global air quality control systems market, assessing the market on the basis of its segments like product type, pollutant type, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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Air Quality Control Systems Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 5%
|Market Size in 2020||USD 99,435 million|
|Revenue Forecast in 2026||USD 133,252.4 million|
|Growth Rate CAGR||CAGR of 5%|
|Major Players||Mitsubishi Power, Ltd., Thermax Ltd , Babcock & Wilcox Enterprises, Inc, Ducon Technologies Inc , John Wood Group PLC, General Electric Company, and Others|
The global air quality control systems market is expected to register growth during the forecast period on account of the growing air pollution across the globe. With increasing initiatives taken by various companies, governments, as well as non-governmental organisations, the market for air quality control systems is likely to surge with public awareness programs and campaigns.
These activities and programs help to encourage public awareness and have an essential role in attracting the attention of organisations across the globe to existing as well as potential threats of air pollution.
There are active research and development activities aimed towards development of advanced air quality control systems like nanotechnology-based systems, miniaturised devices, remote-sensing instruments, and infrared spectroscopy.
These research and development activities are expected to propel the air quality control systems market growth opportunities for new as well as established companies. Moreover, with the increasing adoption of mandatory rules and regulations by several governments for controlling emissions, the market demand for air quality control systems is expected to expand over the upcoming years.
Air Quality Control Systems Industry Definition and Major Segments
Air quality control systems are cohesive systems that focus on reducing toxins and pollutants in the air, aiming to maintain air quality at an acceptable level. A control strategy associated with air quality, these systems involve a set of specific techniques as well as measures to eliminate of air pollution to achieve a specific air quality goal or standard.
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Based on product type, the market is segmented into:
By pollutant type, the market is classified into:
- Volatile Organic Compounds
Based on the application, the market is segmented into:
- Air Terminals
- Underground Garages
- Public Transportation Stations
- Air Pollution Control
Based on region, the market is divided into:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Air Quality Control Systems Market Trends
Geographically, the Asia Pacific is anticipated to gain momentum over the coming years in the air quality control systems market growth on account of the development of industrial infrastructure and government initiatives to stop harmful emissions.
The strict international as well as governmental rules and regulations like the Clean Air Act and the Mercury and Air Toxics Standards, impose the installation of AQCS systems that examine the emissions and reduce them to a secure level. Rapid industrialisation along with the surging demand for energy is likely to increase the emission of toxic pollutants and exhaust gasses, increasing the requirement for such systems.
China accounts for a significant share in the air quality control systems market growth due to the growing economy as well as rapid growth in industries like power generation, chemicals, metal processing, and cement manufacturing. This has further led to a rise in the emission of air pollutants across China.
Meanwhile, the North American region is anticipated to drive market growth due to the presence of key market players like Babcock & Wilcox Enterprises, and General Electric Company, among others. Moreover, the growing concern for the environment, especially in Canada, is likely to support the market growth of air quality control systems across North America.
Key Market Players
The major players in the global air quality control systems market report are :
- Mitsubishi Power, Ltd.
- Thermax Ltd,
- Babcock & Wilcox Enterprises, Inc,
- Ducon Technologies Inc,
- John Wood Group PLC,
- General Electric Company,
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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