Dublin, Aug. 16, 2024 (GLOBE NEWSWIRE) — The “Global Air Quality Control Systems Market: By Technology (FGD, Electrostatic Precipitators, NOx Control Systems, Scrubbers and Mercury Control Systems), By Pollutant Type (Gas, Dust, Combined Pollutants), By Product Type, By End User and Region – Forecast to 2029” report has been added to ResearchAndMarkets.com.
The global air quality control systems market is expected to grow from an estimated $107.4 billion in 2024 to $150.7 billion in 2029, at a CAGR of 7%.
The report provides a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, including the competitive landscape of the AQCS market, market trends, market forecast in terms of value, and future trends analysis.
Advanced technologies such as catalytic converters, particulate filters, scrubbers and emission control devices are increasingly being deployed in industries, power plants, vehicles and other emission sources to minimize their impact on the environment, which has been the primary driver for the expansion of the air quality control systems industry. Today, AQCS are becoming increasingly common in industrial markets due to increasing pressure to comply with emission standards, reduce carbon dioxide emissions, and invest in clean technologies to address climate change and improve air quality. Affordable, reliable and adaptable.
The AQCS market is dominated by a few large players operating across a wide range of geographies. The major players in the AQCS market are Mitsubishi Heavy Industries (Japan), GE Vernova (US), GEA Group (Germany), Daikin (Japan), and Donaldson (US).
The industrial segment is the largest segment of the air quality control systems market, based on end-user.
Based on end user, the air quality control systems market is bifurcated into two types: residential & commercial and industrial. Increasing number of industrial facilities such as power generation, cement, metal processing, oil & gas, food & beverage, textile, pharmaceutical, etc. are driving the growth of the industrial segment in the AQCS market. Government incentives and growing public awareness on environmental issues are encouraging the industry to invest in AQCS.
The flue gas desulfurization segment is expected to emerge as the fastest growing segment based on technology.
Based on technology, the air quality control systems market is categorized into flue gas desulfurization, NOx control systems, mercury control systems, electrostatic precipitators, fabric filters, and scrubbers. The flue gas desulfurization segment of the AQCS market is expanding at the fastest pace as it coincides with the changing energy environment as flue gas desulfurization (FGD) plants remove sulfur oxides (SOX) from flue gas before it is released into the atmosphere.
This reduces the impact on the environment. It utilizes a chemical reaction that occurs when warm exhaust gases from industry come into contact with limestone. This reaction removes 92% of the sulphur dioxide from the exhaust gases and converts the limestone into calcium sulphate. Strict regulations on the emission of sulphur oxides into the atmosphere are driving the use of FGD technology.
By product type, ambient is expected to be the fastest segment.
Air pollution is the largest segment of air quality control systems as it focuses on managing the quality of air in outdoor environments such as urban, industrial, and rural areas. Air pollution comes from many sources such as vehicle exhaust, industrial waste, agricultural activities, and natural phenomena such as wildfires. Human activities such as burning fossil fuels (coal, natural gas, oil), solid waste, wood, and other materials, as well as some chemical reactions can release large amounts of CO? into the atmosphere.
This indirect approach allows for wider market reach, efficient distribution, and targeted customer support. Because the technical requirements of AQCS require knowledgeable intermediaries, the ambient channel has become the preferred way to reach a broad customer base and serve specific industry needs.
Key Benefits of Purchasing the Report
Government-led incentives and schemes have led to increased investments in the renewable energy sector, increasing the number of FGD adoptions. There is an increasing demand for industrial AQCS installations and distributed energy resources (DERs). Product Development/Innovation: Trends such as catalytic scrubbers and photocatalytic processing. Market Development: The global landscape for AQCS has evolved due to a global shift towards sustainable energy solutions, increasing adoption of less emitting technologies, technological advancements that increase efficiency, and rising demand for clean energy. These factors are collectively driving innovation and creating a dynamic environment for AQCS technologies to meet evolving energy demands. Market Diversification: Market diversification in the AQCS market is a response to different energy needs across industries and regions. As renewable energy adoption grows, a variety of applications are emerging, ranging from industrial installations to utility-scale projects. AQCS manufacturers are diversifying their product lineups to address specific requirements in different sectors, thus driving market growth and resilience. Competitive Assessment: Detailed assessment of the market share, growth strategies, and service offerings of key players such as Mitsubishi Heavy Industries (Japan), GE Vernova (US), GEA Group (Germany), Daikin (Japan), and Donaldson (US) in the Air Quality Management Systems market.
Key attributes:
Report AttributesDetailsNumber of Pages299Forecast Period2024 – 2029Estimated Market Value in 2024 (USD)$107.4 billionForecasted Market Value to 2029 (USD)$150.7 billionCAGR7.0%Target RegionGlobal
Featured Companies
Mitsubishi Heavy Industries, Ltd.Thermax LimitedBabcock & Wilcox Enterprises, Inc.Donaldson Company, Inc.GE VernovaYokogawa Electric CorporationGea Group AktiengesellschaftDaikin Industries, Ltd.Elex AGDuconenvRajdeep Engineering Systems (Pune) Pvt Ltd.Beltran Technologies, Inc.Anguil Environmental Systems, Inc.Calgon Carbon CorporationFlsmidth Cement A/SAir Spectrum Environmental Ltd.Enviroair, Inc.Testo SE & Co. KGaAApzem IncEssar Enviro Air SystemsDoosan Power Systems IndiaEnviropol Engineers Pvt. Ltd.Tri-Mer CorporationLuper TechnologiesCompair
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Global Air Quality Control Systems Market
