Asia-Pacific Air Quality Control System Market Size (2024 - 2029)

The Asia-Pacific air quality control system market is anticipated to experience growth driven by the expansion of industrial infrastructure and government initiatives aimed at reducing emissions. Despite the challenges posed by the increasing share of renewable energy in the region's power generation, the demand for high-efficiency, low-emission coal-fired power plants is expected to create new investment opportunities in advanced air quality control systems. China is projected to be a key market in this sector during the forecast period.

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Market Size of Asia-Pacific Air Quality Control System Industry

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Asia-Pacific Air Quality Control System Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.55 %

Major Players

Asia-Pacific Air Quality Control System Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Air Quality Control System Market Analysis

Asia-Pacific Air Quality Control System Market is projected to register a CAGR of over 4.55% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.

  • Over the medium term, factors, such as the development of industrial infrastructure, coupled with government-led initiatives to curb harmful emissions, are expected to provide impetus to the Asia-Pacific Air Quality Control Systems (AQCS) market.
  • On the other hand, the renewable power generation capacity has increased significantly in the last decade, and a similar trend is expected to continue, in turn, increasing the share of renewables in Asia-Pacific power generation during the forecast period, which is likely to restrain the growth of the Asia-Pacific air quality control system in the coming years.
  • Nevertheless, the High Efficiency, Low Emission (HELE) coal-fired power plants have been installed in countries such as China and India. This type of power plant requires high-efficiency AQCS to achieve low emissions. This is likely to open new avenues for advanced AQCS-related investments by the end-user industries during the forecast period.
  • China is expected to be the significant market for AQCS during the forecast period.

APAC Air Quality Control System Industry Segmentation

Air Quality Control Systems (AQCS) is a piece of equipment that cleans the flue gases emitted from various industries. The control of air pollution is the process of reducing or eliminating the emissions of pollutants into the atmosphere that may harm the environment or human health. Air pollution control is a major part of pollution control, along with wastewater treatment, solid waste management, and hazardous waste management.

The Asia-Pacific Air Quality Control System Market is segmented by application, type, and geography. By application, the market is segmented into the power generation industry, cement industry, chemical industry, iron and steel industry, and other applications. By type, the market is segmented into Electrostatic Precipitators (ESP), Flue Gas Desulfurization (FGD) and scrubbers, Selective Catalytic Reduction (SCR), fabric filters, and other types. The report also covers the market size and forecasts for the air quality control system market across major countries. The market size and forecasts for each segment have been done regarding revenue (USD billion).

Application
Power Generation Industry
Cement Industry
Chemical Industry
Iron and Steel Industry
Other Applications
Type
Electrostatic Precipitators (ESP)
Flue Gas Desulfurization (FGD) and Scrubbers
Selective Catalytic Reduction (SCR)
Fabric Filters
Other Types
Geography
India
China
Japan
Australia
Rest of Asia-Pacific
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Asia-Pacific Air Quality Control System Market Size Summary

The Asia-Pacific Air Quality Control System (AQCS) market is poised for growth, driven by the expansion of industrial infrastructure and government initiatives aimed at reducing harmful emissions. Despite the challenges posed by the COVID-19 pandemic, the market is expected to recover to pre-pandemic levels. The increasing capacity of renewable energy sources, however, may pose a challenge to the market's growth. Nonetheless, the installation of High Efficiency, Low Emission coal-fired power plants in countries like China and India is anticipated to create new opportunities for advanced AQCS investments. The power sector, a significant source of emissions, remains a key focus area, with stringent regulations such as the Clean Air Act and Mercury and Air Toxics Standards driving the demand for AQCS.

China is expected to be a major player in the AQCS market, propelled by rapid industrial growth and stringent environmental regulations. The Chinese government's proactive measures, including the Air Pollution Prevention and Control Action Plan and the recent Action Plan on Controlling New Pollutants, are aimed at mitigating air pollution and have significantly boosted the demand for AQCS. The market is characterized by fragmentation, with key players like Mitsubishi Hitachi Power Systems Ltd, Thermax Ltd, and General Electric Company actively participating. Initiatives such as the Asia Clean Blue Skies Program by the Asian Development Bank further underscore the region's commitment to improving air quality through strategic investments and policy enhancements.

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Asia-Pacific Air Quality Control System Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Power Generation Industry

      2. 2.1.2 Cement Industry

      3. 2.1.3 Chemical Industry

      4. 2.1.4 Iron and Steel Industry

      5. 2.1.5 Other Applications

    2. 2.2 Type

      1. 2.2.1 Electrostatic Precipitators (ESP)

      2. 2.2.2 Flue Gas Desulfurization (FGD) and Scrubbers

      3. 2.2.3 Selective Catalytic Reduction (SCR)

      4. 2.2.4 Fabric Filters

      5. 2.2.5 Other Types

    3. 2.3 Geography

      1. 2.3.1 India

      2. 2.3.2 China

      3. 2.3.3 Japan

      4. 2.3.4 Australia

      5. 2.3.5 Rest of Asia-Pacific

Asia-Pacific Air Quality Control System Market Size FAQs

The Asia-Pacific Air Quality Control System Market is projected to register a CAGR of greater than 4.55% during the forecast period (2024-2029)

Mitsubishi Hitachi Power Systems Ltd, Thermax Ltd, John Wood Group PLC, General Electric Company and Fujian Longking Co. Ltd are the major companies operating in the Asia-Pacific Air Quality Control System Market.

APAC Air Quality Control System Market Report Snapshots

APAC Air Quality Control System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)