Market Size of Industrial Air Quality Control Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.55 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Industrial Air Quality Control Systems Market Analysis
The market for industrial air quality control systems is expected to register a CAGR of approximately 4.55% during 2022 - 2027. The COVID-19 pandemic has had a negative impact on the industrial air quality control systems market due to the shutdown of various industries and power generation plants worldwide. Major factors driving the market are the growing awareness among consumers, stringent air quality control regulations, and increasing awareness among the common mass to mitigate health risks. However, the emergence of alternative and renewable sources of energy with zero emissions and high capital required for the installation of an air quality control system is expected to hinder the growth of the market studied.
- The power generation sector is dominating the market with significant growth during the forecast period, owing to the increasing pollution and growing industrialization.
- Retrofitting old industries with air quality control systems to meet stringent regulatory norms set up by the government will be a great opportunity in the future.
- Asia-Pacific is the fastest growing region, with countries like China and India, with growing industrialization and construction activities leading to the increasing demand for air quality control systems.
Industrial Air Quality Control Systems Industry Segmentation
The scope of the industrial air quality control systems market report includes:
| Application | |
| Power Generation | |
| Cement Industry | |
| Chemical Industry | |
| Metal and Metallurgy | |
| Other Applications |
| Type | |
| Electrostatic Precipitators (ESP) | |
| Scrubbers and Flue Gas Desulfurization (FGD) | |
| Selective Catalytic Reduction (SCR) | |
| Fabric Filters | |
| Other Types |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| South America | |
| Middle East and Africa |
Industrial Air Quality Control Systems Market Size Summary
The industrial air quality control systems market is poised for steady growth, driven by increasing awareness of air quality issues and stringent regulatory frameworks aimed at mitigating health risks. The market has faced challenges due to the COVID-19 pandemic, which led to the temporary shutdown of industries and power generation plants globally. However, the demand for air quality control systems is bolstered by the need to comply with regulations and the growing emphasis on reducing emissions from industrial activities. The power generation sector, particularly coal-fired plants, remains a significant contributor to emissions, necessitating the installation of systems like electrostatic precipitators and scrubbers to meet environmental standards. Despite the rise of renewable energy sources, the reliance on coal for electricity generation continues to drive the need for air quality control solutions.
The Asia-Pacific region is emerging as a key growth area for the industrial air quality control systems market, with countries such as China and India experiencing rapid industrialization and urbanization. This growth is accompanied by increasing pollution levels, prompting governments to enforce stricter emission standards and encourage the adoption of air quality control systems across various industries. The market is characterized by a fragmented landscape with major players like Mitsubishi Heavy Industries Group, Thermax Ltd, and Siemens AG leading the charge. Innovations in air quality monitoring technologies, such as those introduced by TSI Incorporated and DPD Ireland, are further enhancing the capabilities of air quality control systems, supporting the market's expansion during the forecast period.
Industrial Air Quality Control Systems 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 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Recent Trends and Developments
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1.6 Market Dynamics
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1.6.1 Drivers
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1.6.2 Restraints
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 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 Chemical Industry
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2.1.4 Metal and Metallurgy
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2.1.5 Other Applications
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2.2 Type
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2.2.1 Electrostatic Precipitators (ESP)
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2.2.2 Scrubbers and Flue Gas Desulfurization (FGD)
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2.2.3 Selective Catalytic Reduction (SCR)
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2.2.4 Fabric Filters
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2.2.5 Other Types
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia Pacific
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2.3.4 South America
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2.3.5 Middle East and Africa
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Industrial Air Quality Control Systems Market Size FAQs
What is the current Industrial Air Quality Control Systems Market size?
The Industrial Air Quality Control Systems Market is projected to register a CAGR of 4.55% during the forecast period (2024-2029)
Who are the key players in Industrial Air Quality Control Systems Market?
Mitsubishi Heavy Industries Group, Thermax Limited, Ducon Environmental Systems , Siemens AG and Babcock & Wilcox Enterprises, Inc. are the major companies operating in the Industrial Air Quality Control Systems Market.
