March 23, 2022
According to the research report titled ‘GLOBAL AIR QUALITY CONTROL SYSTEMS MARKET 2019-2028,’ available with MarketStudyReport, global air quality control systems market is slated to progress at 4.16% CAGR during 2019-2028.
Robust industrial expansion, supportive government regulations, and detrimental consequences of poor air quality on the overall economy are driving the development of the global air quality control systems industry.
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Moreover, the surging emphasis on air filtration combined with the increasing adoption of such systems in the pharmaceutical sector is generating profitable prospects for companies operating in this domain.
Even so, the high costs of setting up and maintenance of such systems are likely to impede the growth of market during the review period.
Moreover, the soaring demand for renewable sources of power generation along with the slowdown of industrial output given the COVID-19 pandemic are expected to pose a significant challenge to the progress of the business sphere in the forthcoming years.
From an application standpoint, worldwide air quality control systems industry is categorized into air terminals, air pollution control, tunnels, automobiles, public transport stations, underground garages, and others.
In terms of pollutant type, the market is divided into dust, gas, VOC, and others. Based on product type, the business landscape is classified into ambient air quality systems and indoor air quality systems.
With respect to industry vertical, the industry is segmented into semiconductor, energy & power, mining, agriculture, powertrain management, medical & pharma, transportation, commercial & residential, and others.
Concerning the regional outlook, Middle East and Africa market is poised to witness a notable growth rate during the assessment timeframe, given that air quality is given topmost priority when it comes to human health and the environment, particularly in countries like United Arab Emirates.
The country followed almost 90% of the World Health Organization (WHO)’s air quality guidance in 2021, and the growing initiatives taken by authorities to monitor and regulate the emission levels are predicted to further accelerate the regional growth during the analysis period.
The prominent players in global air quality control systems market include Fujan Longking Co Ltd., Daikin Industries Ltd., Hamon S.A., Esco International, John Wood Group plc, General Electric Company, Mann+Hummel Gruppe, Thermax Ltd, GEA Group AG, Ducon Technologies Ltd., Mitsubishi Hitachi Power Systems Ltd., Babcock & Wilcox Enterprises Inc., Elex AG, Horiba Ltd., and Donaldson Company Inc. among others.