Air Quality Control System Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2025

Global demand for air quality control system market was valued at approximately USD 75 billion in 2018 and is expected to generate revenue of around USD 82 billion by end of 2025, growing at a CAGR of around 6% between 2019 and 2025.

09-Jul-2019 | Number of pages: 110 | Report Code: ZMR-4358 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the air quality control system market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the air quality control system market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the air quality control system market on a global level.

As per the report, the global demand for air quality control system market was valued at approximately USD 75 billion in 2018 and is expected to generate revenue of around USD 82 billion by end of 2025, growing at a CAGR of around 6% between 2019 and 2025.

Air quality control systems provide treatment of the gases and pollutants and initiate the release of pure air. Rising environmental concerns are expected to drive the growth of the market. Additionally, stringent regulations for emission gases from industries are anticipated to create a better opportunity for various air quality control system manufacturers.

Increasing awareness regarding pollution control, health hazards, and government initiatives to curb pollutants and improve the quality of air are expected to drive the demand for air quality control systems. Increase in coal and gas-fired power plants, as well as cement plants, could further boost the demand for air quality control systems in the coming years. However, higher installation and initial costs may act as a restraint for air quality control system market growth.

Based on technology, the air quality control system market is segmented into fabric filters, SCR, electrostatic precipitators, FGD, scrubbers, and others. The fabric filter technology held the leading share for the different technologies utilized in air quality control systems. The collection efficiency portrayed by fabric filter is unaffected by the sulfur content in the combustion fuel as compared to certain other technologies.

Based on application, the air quality control system market is segmented into power generation, cement manufacturing, iron & steel, chemicals, and others. Air quality control system is expected to generate the largest demand from power generation application. Power generation plants emit numerous pollutants and hazardous gases into the atmosphere and thus require installing air quality control systems.

Asia Pacific dominated the demand for air quality control system across the globe, in 2018. Rising infrastructural development and growing manufacturing industry in this region are expected to boost the demand for air quality control system in Asia Pacific. Asia Pacific is followed by Europe and North America in terms of demand for air quality control system.

Some of the key players operating in the global air quality control system include Alstom (France), Foster Wheeler, Hamon RC, Babcock & Wilcox Company, Mitsubishi Hitachi Power systems America, KBR, and Siemens Energy, among others.

Global Air Quality Control System Market: Type Segment Analysis

  • Fabric Filters
  • SCR
  • Electrostatic Precipitators
  • FGD
  • Scrubbers
  • Others

Global Air Quality Control System Market: Application Segment Analysis

  • Power Generation
  • Cement Manufacturing
  • Iron & Steel
  • Chemicals
  • Others

Global Air Quality Control System Market: Regional Segment Analysis 

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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