Global Air Quality Control Systems Market by Product Type (Fabric Filters, Flue Gas Desulfurization, SCR, Scrubbers, Electrostatic Precipitators and Others); By Pollutant Type (Gas, Dust, VOC and Others); By Application (Public Transportation System, Automobile, Tunnels, Air terminals, Underground Garages and Others); By End-User (Agriculture, Power & Energy, Mining, Pharmaceuticals, Transportation, Commercial & Residential and Others); By Region (North America, Asia-pacific, Europe, Latin America and Middle-East and Africa)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030.
Air Quality Control Systems are equipment’s and structures used to control and eliminate the production and emission of potentially hazardous materials such as particulate matter and gases produced by the procedural structure, production and research implementations into the atmosphere and neighboring domain. The air quality control equipment’s prevent the discharge of hazardous chemicals, water vapors and dust.
Global Air Quality Control Systems Market is anticipated to exceed USD 124,545.60 million by 2030 from USD 61,648.72 million in 2019 at a CAGR of 5.9% throughout the forecast period, i.e., 2020-30. The Air Quality Control Systems Market is estimated to grow on the back of following reasons. The main drivers of the Air Quality Control Systems Market are increasing awareness regarding the health ailments caused by air pollution, strict guidelines issued by the governments for maintaining the air quality standards, and key players are trying to recreate existing products in order to capture maximum market share.
Global Air Quality Control Systems Market: Segments
Fabric filters segment to experience robust demand during the forecast period
On the basis of product type, the market is segmented into Fabric filters, Flue Gas Sulfurization, SCR, Scrubbers, Electrostatic Precipitators and Others. The filter fabrics segment held the maximum market share in 2019 and is expected to grow at highest CAGR of XX% during the forecast period as fabric filters provide continuous competence and stable pressure, for different particulate sizes and quantity. Further, it remains unaffected by the Sulphur during the combustion.
Global Air Quality Control Systems Market: Market Dynamics
Power generation to increase demand of air quality control systems
The power generation industry mostly uses coal-based power plants for generation of power and is the largest source emitting many greenhouse gases such as carbon monoxide, Sulphur dioxide, and other hazardous gases. The production of such harmful gases can be curtailed using air quality control systems, such as fabric filters, flue gas sulfurization, scrubbers, electrostatic precipitators and others. Moreover, rising concern about growing pollution level coupled with stringent government regulations are likely to drive the overall growth of Air Quality Control Systems Market.
High investment cost involved
The cost of installation and operational costs are relatively large which many industries may not be able to install. Moreover, increasing restrictions by government may lead to reduced level of air pollution which may decrease the demand for Air Quality Control Systems thereby, restricting the growth of the market.
Global Air Quality Control Systems Market: Region
Asia-Pacific to grow at the highest CAGR during the forecast period
The Global Air Quality Control Systems Market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. Geographically, Asia-Pacific is likely to dominate the market due to the rapid increase in coal-based power generation method. Moreover, rising demand for power and prompt commercialization and industrialization has resulted in growth in the emission of hazardous gases and poisonous pollutants, setting up a huge demand for air quality control systems in the region.
• Company overview
• Business Strategy
• Key Product Offerings
• Financial Performance
• Key Performance Indicators
• Risk Analysis
• Recent Development
• Regional Presence
• SWOT Analysis
· Siemens Energy
· Babcock & Wilcox Company
· Foster Wheeler
· Mitsubishi Hitachi Power Systems
· Donaldson Company Inc.
· ELEX AG
· Thermax Ltd.
· Ducon Technologies
· Indigo Technologies
Global Air Quality Control Systems Market Report also contains an analysis on:
· Air Quality Control Systems Market by segment:
o By Product Type
▪ Fabric Filters
▪ Flue Gas Desulfurization
▪ Electrostatic Precipitators
o By Pollutant Type
o By Application
▪ Public Transportation System
▪ Air Terminals
▪ Underground Garages
o By End-User
▪ Power & Energy
▪ Commercial & Residential
o By Region
▪ North America
▪ Latin America
▪ Middle east and Africa
· Air Quality Control Systems Market Size
· Air Quality Control Systems Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints