Air Quality Control Systems Market to Reach USD 142.1 Billion by 2028; Increasing Demand from Power Generation Industry to Drive the Market Demand

Vantage Market Research

Dec 08, 2021

The Air Quality Control Systems Market is expected to reach USD 142.1 Billion by 2028, growing at a CAGR of 5% from 2021 to 2028. This rise is owing to the stringent air quality control regulations, rising end-user industries, growing awareness among the common mass to mitigate health risks. In addition, favorable public & private initiatives for environmental conservation are driving the growth of the Air Quality Control Systems Market in the coming years. Whereas, the high capital required for the installation of air quality control systems is hampering the growth of the air quality control systems market.

Key Findings:    

  • The outdoor monitor segment of the air quality control systems market is accounted to be the fastest-growing segment than others during the forecast period. This growth is majorly anticipated due to the increasing availability of miniaturized and portable products, public-private investments to develop affordable products, novel ambient monitoring products, increasing end-user base, increasing use of industrial ambient air pollution monitoring systems, and ongoing installation of QAM stations across major markets.
  • The power generation industry segment is projected to dominate the growth of the Air Quality Control Systems Market during the forecast period. Increasing industrialization and rise in pollution are the factors that fuel the segmental growth of the air quality control systems market in the near future.
  • Asia Pacific has incorporated the largest share of the Air Quality Control Systems Market at a CAGR of 7.8% during the projected period. Rising expenditure towards modernization of industrial and public infrastructures, rising penetration of environmental monitoring technologies, and increasing air quality monitoring activities are the reasons that drive the growth of the Air Quality Control Systems Market in the region.

The prominent players of Air Quality Control Systems Market are Siemens AG, PerkinElmer, Inc., Tisch Environmental, Thermo Fisher Scientific, Emerson Electric, Agilent Technologies, Inc., Merck KGaA, Honeywell International Inc, General Electric, HORIBA, Ltd., Testo, Teledyne Technologies, 3M Company, Spectris plc, and TSI Incorporated, among others.

In the power generation industry, power plants are the biggest sources of emission of acid gases, mercury, and SO2. Whereas, the function of air quality control systems is to minimize the production of harmful gases. These systems include scrubbers, mercury control systems, flue gas desulfurized, and electrostatic precipitators. Thus, it increases the demand for Air Quality Control Systems Market in the coming years. Increasing concern regarding environmental pollution and related government actions are fuelling the high demand of the Air Quality Control Systems Market in the projected years.

The rising restriction on the emission level in various industries increases the demand for the air quality control systems market. Whereas, high maintenance costs and high installation costs of air monitoring systems hamper the growth of the air quality control systems market. On the other hand, the use of various advanced air quality management systems such as nanotechnology-based systems, remote-sensing instruments, infrared spectroscopy, and miniaturized devices are expected to provide high growth opportunities for various players in the air quality control systems industry.