Market Size of North America Industrial Air Quality Control Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 2.33 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Industrial Air Quality Control Systems Market Analysis
The North America Industrial Air Quality Control Systems Market size is estimated at USD 4.37 billion in 2023, and is expected to reach USD 4.90 billion by 2028, growing at a CAGR of 2.33% during the forecast period (2023-2028).
- Over the medium term, the market is expected to be driven by strict government regulations to control air pollution.
- On the other note, increasing adoption of renewable energy is expected to hinder market growth during the forecast period.
- Nevertheless, significant opportunities in the cement and steel industry. This, in turn, is expected to create a significant opportunity for industrial air quality control system providers to tap into this market.
- United Staes is expected to dominate the market, with most of the demand coming from numorous end-use indutries.
North America Industrial Air Quality Control Systems Industry Segmentation
Air Quality Control Systems (AQCS) include control systems that reduce the proportion of pollutants from flue gases emitted from exhausts of power plants and other industries majorly fuelled by fossil fuels.
The North America industrial air quality control systems market is segmented by type, application, emissions (Qualitative Analysis only), and geography. By type, the market is segmented into Electrostatic Precipitators (ESP), Flue Gas Desulfurization (FGD) and Scrubbers, Selective Catalytic Reduction (SCR), Fabric Filters, Others. By application, the market is segmented into Power Generation Industry, Cement Industry, Chemicals and Fertilizers, Iron and Steel Industry, Automotive Industry, Oil & Gas Industry, and Other Applications. By emissions (Qualitative Analysis only), the market is segmented into Nitrogen Oxides (NOx), Sulphur Oxides (SO2), Particulate Matter (PM). The report also covers the market size and forecasts for North America industrial air quality control systems market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (value in USD).
| Type | |
| Electrostatic Precipitators (ESP) | |
| Flue Gas Desulfurization (FGD) and Scrubbers | |
| Selective Catalytic Reduction (SCR) | |
| Fabric Filters | |
| Others |
| Application | |
| Power Generation Industry | |
| Cement Industry | |
| Chemicals and Fertilizers | |
| Iron and Steel Industry | |
| Automotive Industry | |
| Oil & Gas Industry | |
| Other Applications |
| Emissions (Qualitative Analysis only) | |
| Nitrogen Oxides (NOx) | |
| Sulphur Oxides (SO2) | |
| Particulate Matter (PM) |
| Geography | |
| United States | |
| Canada | |
| Mexico |
North America Industrial Air Quality Control Systems Market Size Summary
The North America industrial air quality control systems market is poised for moderate growth over the forecast period, driven primarily by stringent government regulations aimed at curbing air pollution. The market is characterized by a fragmented landscape with key players such as Babcock & Wilcox Enterprises Ltd, Ducon Technologies Inc, General Electric Company, CECO Environmental Corporation, and Thermo Fisher Scientific Inc. The United States is expected to lead the market, fueled by significant demand from various end-use industries, including power generation, automotive, and manufacturing sectors. Despite the challenges posed by the increasing adoption of renewable energy, opportunities remain robust, particularly in the cement and steel industries, which are expected to drive demand for air quality control systems.
The power generation sector, especially fossil fuel-based plants, remains a significant contributor to air pollution, necessitating the adoption of advanced air quality control systems. The United States and Canada are both focusing on reducing emissions, with Canada implementing a sector-by-sector emissions reduction plan. The United States, with its substantial greenhouse gas emissions from power generation and industrial activities, is witnessing a surge in investments across sectors, including automotive and oil and gas, which is expected to bolster the market for air quality control systems. The market's growth is further supported by technological advancements and strategic expansions by key players, such as General Electric Company's integration of Selective Catalytic Reduction technology to significantly reduce emissions.
North America 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, till 2028
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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 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Presence of Strict Government Regulations to Control Air Pollution
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1.5.2 Restraints
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1.5.2.1 Increasing Adoption of Renewable Energy
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1.6 Supply Chain Analysis
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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 Substitute 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 Type
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2.1.1 Electrostatic Precipitators (ESP)
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2.1.2 Flue Gas Desulfurization (FGD) and Scrubbers
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2.1.3 Selective Catalytic Reduction (SCR)
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2.1.4 Fabric Filters
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2.1.5 Others
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2.2 Application
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2.2.1 Power Generation Industry
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2.2.2 Cement Industry
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2.2.3 Chemicals and Fertilizers
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2.2.4 Iron and Steel Industry
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2.2.5 Automotive Industry
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2.2.6 Oil & Gas Industry
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2.2.7 Other Applications
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2.3 Emissions (Qualitative Analysis only)
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2.3.1 Nitrogen Oxides (NOx)
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2.3.2 Sulphur Oxides (SO2)
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2.3.3 Particulate Matter (PM)
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2.4 Geography
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2.4.1 United States
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2.4.2 Canada
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2.4.3 Mexico
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North America Industrial Air Quality Control Systems Market Size FAQs
What is the current North America Industrial Air Quality Control Systems Market size?
The North America Industrial Air Quality Control Systems Market is projected to register a CAGR of 2.33% during the forecast period (2024-2029)
Who are the key players in North America Industrial Air Quality Control Systems Market?
General Electric Company, Babcock & Wilcox Enterprises Ltd, Thermo Fisher Scientific Inc., Ducon Technologies Inc and CECO Environmental Corporation are the major companies operating in the North America Industrial Air Quality Control Systems Market.
