Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in air quality control systems.
PORTLAND, OR, UNITES STATES, January 6, 2022 /EINPresswire.com/ -- Air quality control systems are used to maintain the air quality, which needs to be maintained both indoors and outdoors. The harmful and contaminated pollutants released from industries such as cement manufacturing, chemical processing, power generation, semiconductor manufacturing, automotive, energy, oil and gas, agriculture and others, can result in adverse health effects. The air quality control systems (AQCS), thus, offer solutions for controlling and handling of air, gases, and contaminants to provide cleaner air discharge. The market is primarily driven due to growth in awareness about the effects of air pollution on the health and well-being of the population.
Increase in demand for air filters in medical & pharma industries, rise in focus to combat air pollution and surge in industrialization in emerging countries drive the growth of the global air quality control systems market. On the other hand, high initial investment & operating cost and decline in number of new coal power plants across the globe hamper the growth to some extent. However, high-end technological advancements and stringent government regulations toward controlling air pollution are expected to create an array of lucrative opportunities for the key players in the industry.
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The air pollution control segment to lead the trail by 2026-
Based on application, the air pollution control segment contributed to nearly two-fifths of the total air quality control systems market revenue in 2018 and is expected to maintain its dominance throughout the forecast period. This is attributed to increased industrial manufacturing and infrastructural development across the globe. The tunnels segment, on the other hand, is projected to grow at the fastest CAGR of 6.9% during 2019–2026. The fact that air pollutant concentrations can rapidly reach distressing levels in underground road tunnels spurs the growth of the segment.
The ambient segment to rule the roost-
Based on product type, the ambient segment accounted for nearly three-fourths of the total air quality control systems market share in 2018 and is anticipated to dominate till 2026. This is due to increase in demand for air quality control systems such as wet scrubbers and dry scrubbers in varied end-user industries including power generation and automotive, to eliminate airborne contaminants and/or industrial gases from exhaust streams in ambient air. Simultaneously, the indoor segment is predicted to cite the fastest CAGR of 5.7% during the estimated period. Rise in adoption of air filtration products such as air cleaners, air filters, and air purifiers, to improve the indoor air quality drive the growth of the segment.
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Asia-Pacific, followed by North America, held the largest share in terms of revenue-
Based on geography, the Asia-Pacific region, followed by North-America, generated the largest share in 2018, holding nearly two-fifths of the total air quality control systems market. The increased necessity for food, electricity, oil, gas, and power in the region has worked as the major driving factor for the growth. At the same time, the LAMEA region would showcase the fastest CAGR of 6.5% throughout the study period. Enhanced reliability and capability to prevent contaminated air in the region have propelled the growth.
Frontrunners in the industry-
Donaldson Company, Inc.
Babcock & Wilcox Enterprises, Inc.
GEA Group Aktiengesellschaft
MANN+HUMMEL Intern. GmbH & Co. KG
Mitsubishi Hitachi Power Systems
Daikin Industries Ltd.
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