Global Air Quality Control System Market Growth to cross USD 115.8 MN 2026
Posted On January 08, 2020
The report on the Global Air Quality Control System Market published by Value Market Research states that the market had a value close to USD 78 MN in 2019 and is expected to reach USD 115.8 MN by 2026 with a CAGR of 5.9% within the forecasted period from 2020 to 2026. The increasing need for power generation to fulfill global demands is responsible for driving the growth of the market. The stringent regulations imposed by the government regarding the emission of hazardous gases and compounds are also factors accountable for contributing to the growth of the global air quality control system market. The rapid industrialization and growth in concerns regarding emission are also some of the major factors that are boosting the market growth. The ongoing development in air pollution control technologies is likely to push the market uphill during the forecasted period. However, the shift in the trends towards a cleaner and renewable energy source may obstruct the growth of the market.
Air quality control systems are pollution control systems that purify the exhaust or flue gases that are released during the industrial processes. They purify the air by removing pollutants such as particulate matter (PM), nitrogen oxide, VOC and other such hazardous compounds. The technologies that are applied are flue gas desulphurization, sorbent injection solution, nitrogen oxide reduction, mercury control systems and particulate matter systems.
The report “Global Air Quality Control System Market Report By Product (Electrostatic Precipitator, Flue Gas Desulphurization, Nitrogen Oxide Control System, Fabric Filters, Mercury Control System And Others), By Application (Chemical, Cement Manufacturing, Power Generation, Iron & Steel And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market analysis and dynamics along with an outlook on the competitive landscape of the global air quality control system market.
By product, electrostatic precipitator, flue gas desulphurization, nitrogen oxide control system, fabric filters and mercury control system are the segments of the global air quality control system market. Fabric filters and electrostatic precipitate have accounted for the highest market share owing to the rising usage of fabric filters in boilers, incinerators and generators that are used across various manufacturing industries. The rise in the regulations by the government to curb carbon emission are also responsible for fuelling the demand for an electrostatic precipitator. The growth in awareness regarding air pollution and its potential hazards is also a key driver towards boosting the growth of the segment. By application, chemical, cement manufacturing, power generation and iron & steel are the classifications provided for the global air quality control system market as per the report. Cement manufacturing has led this segment as per the report due to the booming construction sector. The rise in dispensable incomes followed by an increase in the number of nuclear families has led to a rising demand for construction of residential buildings which in turn has led to the growth of this segment.
The regional segments of the global air quality control system market are North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific has emerged as the leading segment by accounting for the highest market share. The growth in the dependency on non-renewable sources, increase in pollution rates and the existing inefficient purification system are factors driving the market demand in Asia Pacific. Also, the robust industrialization coupled with an increase in measures taken by the government to control air pollution has further fuelled the growth of the market.
The Report Segments Global Air Quality Control System Market -
- Electrostatic Precipitator
- Flue Gas Desulphurization
- Nitrogen Oxide Control System
- Fabric Filters
- Mercury Control System
- Cement Manufacturing
- Power Generation
- Iron & Steel
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
ABB Ltd, Alstom, Babcock & Wilcox Company, Burns & McDonnell, Foster Wheeler, Hamon Research-Cottrell, KBR, Mitsubishi Hitachi Power systems America and Siemens Energy
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