Market Size of Air Quality Control System Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 | |||||||
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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.
Air Quality Control System Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 MARKET DYNAMICS
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1.4.1 Drivers
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1.4.2 Restraints
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1.5 Supply-Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Consumers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitute Products and Services
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Power Generation
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2.1.2 Cement Industry
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2.1.3 Iron & Steel Industry
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2.1.4 Chemical Industry
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2.1.5 Others
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2.2 Type
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2.2.1 Electrostatic Precipitators (ESP)
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2.2.2 Flue Gas Desulfurization (FGD)
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2.2.3 Scrubbers
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2.2.4 Selective Catalytic Reduction (SCR)
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2.2.5 Fabric Filters
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Asia-Pacific
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2.3.2.1 India
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2.3.2.2 China
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2.3.2.3 Japan
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2.3.2.4 Australia
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2.3.2.5 Rest of Asia-Pacific
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 France
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2.3.3.3 United Kingdom
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Chile
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2.3.4.4 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Algeria
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2.3.5.4 Rest of Middle-East and Africa
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Air Quality Control System Market Size FAQs
What is the current Air Quality Control System Market size?
The Air Quality Control System Market is projected to register a CAGR of greater than 4.55% during the forecast period (2024-2029)
Who are the key players in Air Quality Control System Market?
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.
