The global Air Quality Control Systems market accounted for USD 69.9 Billion in 2020 and is expected to reach USD 110 Billion by 2028, growing at a CAGR of around 5.8% between 2021 and 2028.
The Global Air Quality Control Systems Market accounted for USD 69.9 Billion in 2020 and is expected to reach USD 110 Billion by 2028, growing at a CAGR of around 5.8% between 2021 and 2028.
Air quality control systems reduce the harmful contaminants in the air. The pollutants from manufacturing industries such as power generation plants, automotive, mining, medical, and pharmaceutical are reduced. Thus, air quality control systems offer solutions for controlling and handling of air, gases, and contaminants to provide cleaner air discharge.
The main systems available in the air quality control systems market are electrostatic precipitators, nitrogen oxide control systems, mercury control systems, Flue gas desulphurization, and fabric filters.
The players in the industry are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the air quality control systems market study.
The global Air Quality Control Systems market has witnessed a slight decline in the short term to the lockdown enforcement placed by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had disrupted the whole supply chain. However, the global markets are slowly opening to their full potential, and theirs a surge in demand. The market would remain bullish in the upcoming year. The significant decrease in the global Air Quality Control Systems market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
Rising renewable energy trends along with an unfavorable economic environment, however, are predicted to impede air quality control systems market progression over the ensuing years. Nevertheless, the industry is forecast to display a robust development in the coming years subject to high awareness among the customers regarding controlling air pollution and the launching of new pollution controlling systems. This will help in normalizing the impact of hindrances on the air quality control systems market, reports the air quality control systems market study.
“Implementation of strict legislations related to nitrogen oxide and mercury emissions in the atmosphere is anticipated to spur the demand for air quality control systems in the near future,” says the author of this study. Escalating the need for controlling the levels of air pollution in cement manufacturing, metal processing, power generation, and chemicals is likely to impel the air quality control systems market growth over the coming years.
Based on technology, the market is segmented into Electrostatic Precipitators, Flue Gas Desulphurization (FGD), Nitrogen Oxide Control Systems, Fabric Filters, Mercury Control Systems, and Others. The fabric Filters segment is likely to remain dominant throughout the forecast period.
Based on technology, the market is segmented into Chemicals, Cement Manufacturing, Power Generation, Iron & Steel, and Other Applications.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global air quality control system market Alstom, Foster Wheeler, Babcock & Wilcox Company, Hamon Research-Cottrell, KBR, Mitsubishi Hitachi Power systems America, ABB Ltd, Siemens Energy, and Burns & McDonnell, among others.
The global Air Quality Control Systems Market is segmented as follows:
FrequentlyAsked Questions
The global Air Quality Control Systems Market was valued at USD 69.9 billion in 2020.
The global Air Quality Control Systems Market is expected to reach USD 110 billion by 2028, growing at a CAGR of 5.8 % between 2021 to 2028.
Some of the key factors driving the global Air Quality Control Systems Market growth are Implementation of strict legislations related to nitrogen oxide and mercury emissions in atmosphere.
Asia Pacific has been leading the worldwide air quality control systems market and is anticipated to continue on the dominant position in the years to come, states the market study. Rapid industrialization in the emerging economies such as India and China is the main factor behind the dominance of the Asia Pacific air quality control systems market.
Some of the major players of global Air Quality Control Systems market includes Alstom, Siemens Energy, Burns & McDonnell, Mitsubishi, Babcock & Wilcox Company, ABB Ltd, Foster Wheeler, and Hitachi Power Systems.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed