According to a research report "Air Quality Control System Market by Technology (FGD, Electrostatic Precipitators, NOx Control Systems, Scrubber & Mercury Control Systems), Pollutant Type (Gas, Dust, Multi-Pollutant), Product type, End User & Region - Global Forecast to 2029" published by MarketsandMarkets, the global Air Quality Control Systems Market is projected to reach USD 150.7 billion by 2029 from an estimated USD 107.4 billion in 2024, at a CAGR of 7.0% during the forecast period.
Browse 335 market data Tables and 61 Figures spread through 313 Pages and in-depth TOC on "Air Quality Control System Market by Technology (FGD, Electrostatic Precipitators, NOx Control Systems, Scrubber & Mercury Control Systems), Pollutant Type (Gas, Dust, Multi-Pollutant), Product type, End User & Region - Global Forecast to 2029"
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The demand for air quality control systems is on the rise due to various factors. Expansion in industries like manufacturing, automotive, and construction contributes to increased adoption of air pollution control measures. Additionally, population growth leads to higher levels of air pollution from increased vehicle emissions, construction activities, and energy consumption, thereby driving the need for air pollution control systems. Financial uncertainties are also a driving factor, as companies seek protection against potential losses arising from unforeseen events
Industrial, by End User, is expected to be the largest segment during the forecast period.
The industrial sector is poised to dominate the air quality control systems market due to several reasons. Expansion in industries such as manufacturing, automotive, construction, power generation, and chemical production significantly contributes to air pollution. This heightened industrial activity necessitates robust air pollution control measures to comply with stringent regulations and address growing public health concerns. Consequently, the demand for air quality control systems, including pollution monitoring and mitigation solutions, is expected to be highest in the industrial segment, reflecting the industry's crucial role in environmental sustainability and regulatory compliance.
Electrostatic Precipitators, by technology, is expected to be the second fastest-growing segment during the forecast period.
The demand for electrostatic precipitators (ESPs) is expected to rise due to increasing environmental regulations and the need for efficient pollution control solutions. ESPs effectively remove particulate matter from industrial emissions, aligning with efforts to improve air quality. As industries seek to comply with stricter emission standards, the demand for ESPs will surge, consequently driving the market for air quality control systems.
Asia Pacific is expected to be the fastest-growing region during the forecast period.
The Asia-Pacific region is poised to lead the air quality control systems market due to rapid industrialization and construction activities, particularly in countries like India and China. This growth is driven by stringent environmental regulations, increasing awareness about air pollution, and rising public health concerns. As these nations strive for sustainable development, the demand for air quality control systems escalates, making APAC the largest market for such solutons.
Key Players
Some of the major players in the Air Quality Control Systems market are Mitsubishi Heavy Industries (Japan), GE Vernova Inc (US), GEA (Germany), Daikin Industries, Ltd. (Japan) and Donaldson Company, Inc. (US) among others. The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.
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