Air quality control systems (AQCS) play a crucial role in climate change mitigation by addressing pollutants, including greenhouse gases that contribute to global warming. These systems incorporate advanced technologies designed to reduce carbon emissions and other climate-warming pollutants. The reduction of greenhouse gas emissions is essential for curbing the adverse impacts of climate change, such as rising temperatures, extreme weather events, and sea-level rise. As a key component of environmental stewardship, AQCS improve air quality and align with broader sustainability goals, demonstrating their significance in fostering a healthier planet and a more resilient future for generations to come.
According to Data Bridge Market Research analyses the Global Air Quality Control Systems Market which was USD 23,361 million in 2022, is expected to reach USD 1,57,362.04 million by 2030, and is expected to undergo a CAGR of 5.70% during the forecast period 2023-2030.
"Rise in global economic growth boosts the market growth"
Global economic growth serves as a significant driver for the expansion of the global air quality control systems market. As economies around the world experience growth, there is a parallel increase in industrial activities, leading to higher emissions and air pollution. Governments and industries, in response to environmental concerns and regulations, are investing in air quality control systems to mitigate pollution and ensure compliance.
What restraints the growth of global air quality control systems market?
“High cost associated with the market hinders its growth”
The high cost represents a significant constraint in the global air quality control systems market. The intricate technologies and advanced filtration systems necessary for effective air quality control contribute to elevated manufacturing and installation expenses. This cost factor poses a challenge for both manufacturers and end-users, hindering widespread adoption of these systems. Industries and governments aiming to comply with stringent environmental regulations may find the initial investment prohibitive, impacting the market's growth.
Segmentation: Global Air Quality Control Systems Market
The global air quality control systems market is segmented based on the technology, product type, pollutant type, application and end user industry.
- On the basis of technology, the global air quality control systems market is segmented into flue gas desulfurization (FGD), electrostatic precipitators, nitrogen oxide (NOx) control systems, scrubber, fabric filters and mercury control systems
- On the basis of product type, the global air quality control systems market is segmented into indoor and ambient
- On the basis of pollutant type, the global air quality control systems market is segmented into gas, volatile organic compound, dust and others
- On the basis of application, the global air quality control systems market is segmented into tunnels, air terminals, underground garages, public transportation systems, air pollution control, automobile and others
- On the basis of end user industry, the global air quality control systems market is segmented into powertrain management, energy and power, mining, agriculture, semiconductor, medical and pharma, commercial and residential, transportation and others
Regional Insights: Europe dominates the Global Air Quality Control Systems Market
Europe dominates the global air quality control systems market primarily because of expanding businesses and the substantial market share held by key players such as the U.K. and Germany. The region's robust industrial growth and stringent environmental regulations contribute to the increased demand for air quality control systems. The U.K. and Germany, as economic powerhouses, play a pivotal role in driving market growth, emphasizing Europe's dominance in ensuring and maintaining air quality standards.
The Asia-Pacific is expected to experience substantial growth between 2023 and 2030 due to a notable increase in investments and a surge in travel activities. This upswing in economic activities is expected to stimulate various industries, fostering development and prosperity across the region. As a result, APAC is such asly to become a key player in the global market during this forecast period, attracting attention and contributing significantly to the world economy.
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Recent Developments in Global Air Quality Control Systems Market
- In June 2022, Hexagon, a leading market player in sensor, software, and digital reality solutions, is actively fostering productivity and ESG initiatives by supporting startups. The SmartParts and RIIICO recognition awarded by Hexagon Manufacturing Intelligence Division underscores the potential of open innovation platforms to enhance efficiency and sustainability in the manufacturing sector, fostering connectivity with top-tier businesses
- In June 2022, Bentley Acceleration Initiatives unveiled Construct Helix, an innovation from Bentley Systems, a prominent provider of infrastructure engineering software. This strategic initiative focuses on digitalizing construction project workflows through Software as a Service (SaaS) solutions, creating a connected data environment to streamline processes and enhance project management efficiency
The Prominent Key Players Operating in the Global Air Quality Control Systems Market Include:
- GENERAL ELECTRIC COMPANY (U.S.)
- DAIKIN INDUSTRIES, Ltd. (Japan)
- MANN+HUMMEL (Germany)
- Fujian Longking Co., Ltd. (China)
- Siemens (Germany)
- Emerson Electric Co. (U.S.)
- SHARP CORPORATION (Japan)
- Honeywell International Inc. (U.S.)
- HORIBA, Ltd. (Japan)
- Hach (U.S.)
- Aeroqual (New Zealand)
- Thermo Fisher Scientific Inc. (U.S.)
- 3M (U.S.)
- Mitsubishi Hitachi Power Systems, Ltd. (Japan)
- Donaldson Company, Inc. (U.S.)
- Babcock and Wilcox Enterprises, Inc. (U.S.)
- ElexIndia (India)
- GEA Group Aktiengesellschaft (Germany)
- S.A. HAMON (Belgium)
- Thermax Limited (India)
Above are the key players covered in the report, to know about more and exhaustive list of global air quality control systems market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Air Quality Control Systems Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
