Air Quality Control System Market Size (2024 - 2029)

The air quality control systems market is experiencing growth driven by increasing consumer awareness, stringent regulations, and expanding end-user industries. Despite challenges posed by the rise of alternative energy sources and high installation costs, the market's expansion is supported by the power generation sector's demand and the retrofitting of industrial plants to comply with regulatory standards. The Asia-Pacific region, particularly India and China, leads in market size due to industrialization and construction activities boosting the need for these systems.

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Market Size of Air Quality Control System Industry

Air Quality Control System Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 4.55 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Air Quality Control System Market Major Players

*Disclaimer: Major Players sorted in no particular order

Air Quality Control System Market Analysis

The market for air quality control systems is expected to register a CAGR of approximately 4.55% during 2020- 2025. Major factors driving the market studied are the growing awareness among consumers, stringent air quality control regulations, growing end-user industries, and increasing awareness among common mass to mitigate health risks. However, the emergence of alternative and renewable sources of energy with reduced/zero emissions, and high capital required for the installation of air quality control system is expected to hinder the growth of the market studied.

  • Power generation industry dominates the market and is expected to witness significant growth during the forecast period owing to the increasing pollution and growing industrialization.
  • Retrofitting of old industrial plants with air quality control system to meet stringent regulatory norms set up by government is likely to acts as an opportunity in the future,
  • Asia-Pacific dominated the market across the globe with the largest market being India & China owing to growing industrialization and construction activity leading to the increasing demand of air quality control system.

Air Quality Control System Industry Segmentation

The air quality control system market report include:

Application
Power Generation
Cement Industry
Iron & Steel Industry
Chemical Industry
Others
Type
Electrostatic Precipitators (ESP)
Flue Gas Desulfurization (FGD)
Scrubbers
Selective Catalytic Reduction (SCR)
Fabric Filters
Geography
North America
United States
Canada
Rest of North America
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
Europe
Germany
France
United Kingdom
Italy
Rest of Europe
South America
Brazil
Argentina
Chile
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Algeria
Rest of Middle-East and Africa
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Air Quality Control System Market Size Summary

The air quality control systems market is poised for steady growth, driven by increasing consumer awareness, stringent regulations, and expanding end-user industries. The power generation sector, a significant contributor to emissions, is expected to lead market expansion due to rising pollution and industrialization. The retrofitting of older industrial plants to comply with regulatory standards presents future opportunities. The Asia-Pacific region, particularly India and China, dominates the market due to substantial industrial and construction activities. However, the market faces challenges from the shift towards renewable energy sources and the high capital costs associated with installing air quality control systems.

The demand for air quality control systems is further bolstered by stringent international and government regulations, such as the Clean Air Act and the Mercury and Air Toxics Standard, which mandate emission monitoring and reduction. Europe, with its rigorous air pollution control laws, sets a precedent for market growth. The industrial sector's expansion, particularly in power generation, cement manufacturing, and metal processing, drives the need for these systems. In response to severe pollution levels, countries like China and India have implemented strict emission standards, enhancing the market's growth prospects. However, the transition to renewable energy may lead to stagnant market growth as coal-fired power plants are decommissioned. The market remains fragmented, with major players including Mitsubishi Hitachi Power Systems, Thermax Ltd, and Siemens AG.

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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 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 MARKET DYNAMICS

      1. 1.4.1 Drivers

      2. 1.4.2 Restraints

    5. 1.5 Supply-Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products and Services

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Power Generation

      2. 2.1.2 Cement Industry

      3. 2.1.3 Iron & Steel Industry

      4. 2.1.4 Chemical Industry

      5. 2.1.5 Others

    2. 2.2 Type

      1. 2.2.1 Electrostatic Precipitators (ESP)

      2. 2.2.2 Flue Gas Desulfurization (FGD)

      3. 2.2.3 Scrubbers

      4. 2.2.4 Selective Catalytic Reduction (SCR)

      5. 2.2.5 Fabric Filters

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Asia-Pacific

        1. 2.3.2.1 India

        2. 2.3.2.2 China

        3. 2.3.2.3 Japan

        4. 2.3.2.4 Australia

        5. 2.3.2.5 Rest of Asia-Pacific

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 France

        3. 2.3.3.3 United Kingdom

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Chile

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Algeria

        4. 2.3.5.4 Rest of Middle-East and Africa

Air Quality Control System Market Size FAQs

The 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, Amec Foster Wheeler, Babcock & Wilcox Enterprises, Inc and Ducon Technologies Inc are the major companies operating in the Air Quality Control System Market.

Air Quality Control Systems Market Report Snapshots

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