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Air Quality Control System Market | Acumen Research and Consulting

Air Quality Control System Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Feb 2023

Report ID: ARC208

Pages : 250

Format : Air Quality Control System Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Summary Table of Content Customization Download Sample Infographics

The Global Air Quality Control System Market Size collected USD 101.0 Billion in 2022 and is set to achieve a market size of USD 157.5 Billion in 2032 growing at a CAGR of 4.7% from 2023 to 2032.

Air Quality Control System Market Report Statistics

  • Global air quality control system market revenue is estimated to reach USD 157.5 Billion by 2032 with a CAGR of 4.7% from 2023 to 2032
  • Asia-Pacific air quality control system market value occupied more than USD 60.6 billion in 2022
  • North America air quality control system market growth will record a CAGR of over 5% from 2023 to 2032
  • Among product type, the ambient sub-segment generated around 68% share in 2022
  • Based on pollutant type, the gas generated more than US $ 34 billion revenue in 2022
  • Increasing demand for indoor air quality control systems is a popular air quality control system market trend that fuels the industry demand 

Air Quality Control System Market Report Statistics

Harmful and toxic elements present in the air have severe evil effects on the health of individuals. These toxic elements include pollutants emitted from various industries such as cement manufacturing, power generation, oil and gas refining, and chemical processing among others. Currently, the pollutants emitted from automobiles are also creating increased environmental pollution. Maintaining proper air quality is an important factor in maintaining the healthy life of an individual. Rapid elimination of these pollutant gases from industries is of utmost essential. An air quality control system provides complete and efficient solutions for the proper treatment of these pollutant gasses and helps to release cleaner air. Owing to increasing environmental concerns, stringent regulations are implemented by the government with regard to the industrial emission of gasses. This, in turn, is anticipated to create a better opportunity for various air quality control system manufacturers.

Global Air Quality Control System Market Dynamics

Global Air Quality Control System Market Dynamics

Market Drivers

  • Stringent government regulations
  • Increasing use of electrostatic precipitators (ESPs)
  • Rising demand for energy

Market Restraints

  • High initial and operating costs
  • Slow adoption of new technologies

Market Opportunities

  • Adoption of IoT and AI
  • Focus on energy efficiency
  • Shift towards renewable energy sources

Air Quality Control System Market Report Coverage

Market Air Quality Control System Market
Air Quality Control System Market Size 2022 USD 101.0 Billion
Air Quality Control System Market Forecast 2032 USD 157.5 Billion
Air Quality Control System Market CAGR During 2023 - 2032 4.7%
Air Quality Control System Market Analysis Period 2020 - 2032
Air Quality Control System Market Base Year 2022
Air Quality Control System Market Forecast Data 2023 - 2032
Segments Covered By Product Type, By Pollutant Type, By Application, By End-User Industry, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Daikin Industries Ltd., Donaldson Company, Inc., Mitsubishi Hitachi Power Systems, Ltd (MHPS), Babcock & Wilcox Enterprises, Inc., Hamon Corporation, GEA Group Aktiengesellschaft, Thermax Ltd., GE Power, and Siemens AG.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Air Quality Control System Market Growth Factors

Rapid growth in different industry verticals, especially iron and steel industries, cement industries, and manufacturing across the globe in order to meet the rising demand of consumers coupled with strict regulations imposed by the governments towards harmful gas emission is the key factor expected to boost the adoption of air quality control systems. Moreover, increasing demand for air quality control systems from various automotive manufacturers in order to eliminate greenhouse gas emissions and reduce pollution rate is also anticipated to trigger the demand for air quality control systems in coming years. In addition, the installation of air quality control systems in automotive gives a competitive advantage to the automotive manufacturers over other manufacturers owing to rapidly increasing environmental concerns.

Air Quality Control System Market Growth 2023 - 2032

Air Quality Control System Market Segmentation

The worldwide air quality control system market is categorized based on product type, pollutant type, application, distributional channel, and geography.

Air Quality Control System Market By Product Type

  • Indoor
  • Ambient

Air Quality Control System Market Drivers

According to the air quality control system market forecast, ambient air quality control systems segment will account for the largest share in the market in recent years. Control systems for ambient air quality are used to monitor and control outdoor air pollution caused by sources such as transportation, power generation, and industrial processes. The growing awareness of the health effects of air pollution, as well as the implementation of stringent government regulations on air pollution control, are driving the growth of the ambient air quality control systems market. Indoor air quality control systems, on the other hand, are used to maintain good air quality in enclosed spaces such as homes, offices, and healthcare facilities. The growing emphasis on health and wellbeing, growing concerns about indoor air pollution and rising demand for energy-efficient buildings are driving the growth of the indoor air quality control systems market.

Air Quality Control System Market By Pollutant Type

  • Gas
  • VOC
  • Dust
  • Others

Air Quality Control System Market Growth Factors

In recent years, the gas pollution control systems segment has held the largest share of the market for air quality control systems. Gas pollution control systems are used to monitor and control harmful gases emitted by industries and transportation, such as carbon monoxide, sulphur dioxide, nitrogen oxides, and volatile organic compounds (VOCs). The increasing emphasis on reducing air pollution and the implementation of stringent government regulations on industrial emissions are driving the growth of the gas pollution control systems market. VOC control systems are used to reduce volatile organic compound emissions from a variety of sources, including paints, coatings, and adhesives. The growing emphasis on reducing the harmful effects of VOCs on human health and the environment is driving the growth of the VOC control systems market.

Air Quality Control System Market By Application

  • Tunnels
  • Air Terminals
  • Underground Garages
  • Public Transportation Stations
  • Air Pollution Control
  • Automobile
  • Others

The automobile segment has held the largest share of the market for air quality control systems. Automobile air quality control systems are intended to reduce harmful gas emissions from vehicles. The increasing demand for cleaner and more fuel-efficient vehicles, the integration of stricter government regulations on vehicle emissions, and the increasing acceptance of the health effects of automobile air pollution are driving the growth of this segment. Industrial air pollution control systems are used to monitor and control harmful gas, volatile organic compound (VOC), and particulate matter emissions. The increasing emphasis on reducing industrial emissions, the implementation of tighter government regulations on industrial emissions, and the increasing awareness of the health effects of industrial air pollution are driving the growth of this segment.

Air Quality Control System Market By End-User Industry

  • Powertrain Management
  • Energy & Power
  • Mining
  • Agriculture
  • Semiconductor
  • Medical & Pharma
  • Commercial & Residential
  • Transportation
  • Others

According to an industry analysis of air quality control systems, the commercial and residential segment has the largest share of the air quality control systems market. To maintain good indoor air quality in buildings such as offices, hospitals, and homes, air quality control systems for commercial and residential applications are used. The increasing awareness of the significance of good indoor air quality, the growing demand for energy-efficient buildings, and the integration of stricter government regulations on indoor air quality are driving the growth of this segment. Transportation is another important end-use industry for air quality control systems, accounting for a sizable market share. Air quality control systems for automobiles, public transportation systems, and airports are included in this segment.

Air Quality Control System Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Air Quality Control System Market Regional Analysis

Geographically, Europe accounted for the highest share in the air quality control system market owing to stringent government regulation towards pollution control in the region. However, the air quality control systems market in Europe is anticipated to experience a sluggish growth rate in the coming years due to already high market penetration. European market is followed by North America in terms of adoption of air quality control systems. On the other hand, Asia-Pacific region is expected to experience a promising growth in terms of revenue during the forecast period owing to the rapid growth in coal fired power generation sector.

Air Quality Control System Market Players

Some of the key players in the global air quality control system market include Daikin Industries Ltd., Donaldson Company, Inc., Mitsubishi Hitachi Power Systems, Ltd (MHPS), Babcock & Wilcox Enterprises, Inc., Hamon Corporation, GEA Group Aktiengesellschaft, Thermax Ltd., GE Power, and Siemens AG.Air Quality Control System Market Regional Analysis

Frequently Asked Questions

What was the market size of the global air quality control system in 2022?

The market size of air quality control system was USD 101.0 Billion in 2022.

What is the CAGR of the global air quality control system market during forecast period of 2023 to 2032?

The CAGR of air quality control system market is 4.7% during the analysis period of 2023 to 2032.

Which are the key players operating in the market?

The key players operating in the global market are Daikin Industries Ltd., Donaldson Company, Inc., Mitsubishi Hitachi Power Systems, Ltd (MHPS), Babcock & Wilcox Enterprises, Inc., Hamon Corporation, GEA Group Aktiengesellschaft, Thermax Ltd., GE Power, and Siemens AG.

Which region held the dominating position in the global air quality control system market?

Europe held the dominating position in air quality control system market during the analysis period of 2023 to 2032.

Which region registered the fastest growing CAGR for the forecast period of 2023 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for air quality control system market during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global air quality control system market?

The current trends and dynamics in the air quality control system industry include rising demand for a pleasant and refreshing indoor environment, increasing awareness of hygiene and cleanliness, and growth in disposable income and urbanization.

Which product type held the maximum share in 2022?

The ambient product type held the maximum share of the air quality control system market.

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