Government Support to Push the Global Air Quality Control Systems Market to Gain $138.41 Billion by 2028

Government Support to Push the Global Air Quality Control Systems Market to Gain $138.41 Billion by 2028

“Global Air Quality Control Systems Market”
Triton Market Research, in its report on the global air quality control systems market, concludes that the market, which was valued at $95.91 billion in 2019, is predicted to display a CAGR of 4.16% by the year 2028.

A study by Triton Market Research with the title ‘Global Air Quality Control Systems Market,’ covers the Global Analysis and Forecast for 2019-2028 by Type of Product (Ambient Air Quality Control Systems, Indoor Air Quality Control Systems), by Application (Automobiles, Tunnels, Underground Garbages, Air Terminals, Air Pollution Control, Public Transportation Stations, Other Applications), by Industrial Vertical (Commercial & Residential, Semiconductor, Transportation, Medical & Pharma, Agriculture, Energy & Power, Powertrain Management, Mining), by Pollutant (VOC, Dust, Gas, Other Pullatants), and by Geographical Region (North America, Asia-Pacific, Latin America, Middle East and Africa, Europe,).

Air quality control systems are systems that are used to control air pollution in the environment to attain an air quality standard or goal. It helps different industries in meeting stringent regulations regarding air pollutants.

 

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As per the report, the global air quality control systems market is expected to generate $138.41 billion by 2028, showcasing a CAGR of 4.16% in the forthcoming period (2019-2028).

Stringent government regulations are estimated to drive the growth of the air quality control systems market. The execution of strict air quality control standards is expected to create opportunities for the global market growth. Several developing countries have also been utilizing their resources to regulate the rising level of air pollution. Moreover, governments across the globe are allocating huge funds for developing solutions to improve air quality. All these factors are likely to be influencing the market growth positively. However, the increasing need for advanced filtering equipment, which is leading to the rise in capital investment, coupled with huge operating costs, is limiting the global market growth.

The air quality control systems market is segmented into type of product, application, industrial vertical and pollutant. The first segment, type of product, is bifurcated into ambient air quality control systems and indoor air quality control systems. The second segment, application, includes automobiles, tunnels, underground garbages, air terminals, air pollution control, public transportation stations and other applications. The third segment, industrial vertical, includes, commercial & residential, semiconductor, transportation, medical & pharma, agriculture, energy & power, powertrain management, and mining. The last segment, pollutant, is sub-segmented into VOC, dust, gas and other pollutants.

The Asia-Pacific will dominate the market by contributing the highest share in the air quality control systems market. Governments in countries like India, China, South Korea and Japan are taking several initiatives to bring down the alarming rise in air pollution. For instance, under the Clean Air Conservation Act, the Ministry of Environment in South Korea monitors and regulates the emission of air pollutants. In 2018, the country collaborated with the Environmental Protection Agency in the US to protect public health and the environment. They have been working in collaboration to minimize exposure to harmful chemicals and improve the quality of air. The country is also making use of IoT in air pollution control. This internet-based air quality monitor can measure different data about the air in minutes. This air quality data, which is collected, can assist the administration in warning about fine dust presence to the public. All these initiatives are helping the regional market growth.

Some noteworthy companies involved in the air quality control systems market are Fujan Longking Co Ltd, HORIBA Ltd, Elex AG, Mitsubishi Hitachi Power Systems Ltd, Mann+Hummel International GmbH, Babcock & Wilcox Enterprises Inc, GEA Group AG, Thermax Ltd, John Wood Group PLC, Esco International, Ducon Technologies, General Electric Company, Daikin Industries Ltd, Donaldson Company Inc and Hamon Group.

 

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Question & Answer: Air Quality Control Systems Market

Question 1: Which factors are estimated to drive the growth of the air quality control systems market?

Answer: Stringent government regulations are estimated to drive the growth of the air quality control systems market. The execution of strict air quality control standards is expected to create opportunities for the global market growth. Several developing countries have also been utilizing their resources to regulate the rising level of air pollution. Moreover, governments across the globe are allocating huge funds for developing solutions to improve air quality. All these factors are likely to be influencing the market growth positively.

Question 2: What factors are limiting the growth of the global air quality control systems market?

Answer: The increasing need for advanced filtering equipment, which is leading to the rise in capital investment, coupled with huge operating costs, is limiting the growth of the global air quality control systems market.

Question 3: How is Asia-Pacific affecting the global air quality control systems market outlook?

Answer: The Asia-Pacific will dominate the market by contributing the highest share in the air quality control systems market. Governments in countries like India, China, South Korea and Japan are taking several initiatives to bring down the alarming rise in air pollution. For instance, under the Clean Air Conservation Act, the Ministry of Environment in South Korea monitors and regulates the emission of air pollutants.

In 2018, the country collaborated with the Environmental Protection Agency in the US to protect public health and the environment. They have been working in collaboration to minimize exposure to harmful chemicals and improve the quality of air. The country is also making use of IoT in air pollution control. This internet-based air quality monitor can measure different data about the air in minutes. This air quality data, which is collected, can assist the administration in warning about fine dust presence to the public. All these initiatives are helping the regional market growth.

Question 4: Which are some noteworthy companies involved in the air quality control systems market?

Answer: Some noteworthy companies involved in the air quality control systems market are Fujan Longking Co Ltd, HORIBA Ltd, Elex AG, Mitsubishi Hitachi Power Systems Ltd, Mann+Hummel International GmbH, Babcock & Wilcox Enterprises Inc, GEA Group AG, Thermax Ltd, John Wood Group PLC, Esco International, Ducon Technologies, General Electric Company, Daikin Industries Ltd, Donaldson Company Inc and Hamon Group.

 

Related Report:

Global Air Pollution Control System Market  

The Global Air Pollution Control System Market is estimated to generate $101.98 billion by the year 2027, displaying a CAGR of 4.96% over the projected years 2019-2027.

In addition to the different initiatives towards sustainable cleanliness, extensive research and exploration is being conducted for alternative solutions in the global air pollution control systems market scenario. Rapid industrialization over the last century has exerted a lot of pressure on governments to control the air pollution effectively. These government decisions can have potential environmental and commercial effects on the market.

Different gases, including carbon monoxide, carbon dioxide, sulfur dioxide, nitrogen oxides, particulates, volatile organic compounds, lead & heavy metals, etc., largely contribute to air pollution. According to the WHO (World Health Organization),  about 16% of the world’s deaths in 2015 were attributable to the impact of air pollution. These factors indicate an increased need for air pollution control systems.

New power plants are being launched in countries like India and China. This is to cater to the vast areas of these countries that have not yet been electrified. The installation of emission control systems becomes a very important factor in these regions to monitor & regulate and thereby prevent air pollution. The growing installation of coal power plants presents an opportunity for the air pollution control system market in the forthcoming period.  

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