Air Quality Control System Market Size, Share, Analysis 2031
Global Air Quality Control System Market
Segments - By Type (Electrostatic Precipitators, Flue Gas Desulfurization, Scrubbers, Selective Catalytic Reduction, Fabric Filters), By Application (Power Generation, Cement Industry, Iron & Steel Industry, Chemical Industry, and Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Segments - By Type (Electrostatic Precipitators, Flue Gas Desulfurization, Scrubbers, Selective Catalytic Reduction, Fabric Filters), By Application (Power Generation, Cement Industry, Iron & Steel Industry, Chemical Industry, and Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global air quality control system market was valued at USD 4,923.6 Mn in 2022 and is projected to reach USD 6,990.8 Mn by 2031, expanding at a CAGR of 4.8% during the forecast period. Air quality control system (AQCS) are used for reducing the contaminants from indoor and ambient air.
The pollutants are emitted by manufacturing industries such as medical, mining, automotive, power generation plants, and pharmaceuticals. Thus, air quality control systems offer solutions for reducing gases, air, and contaminants to provide cleaner air discharge. The air quality control system market is primarily driven by the growth in awareness about air pollution and its effect on health and well-being. However, high investment and operation costs associated with these systems are expected to restrain the market.
Market Dynamics
Trends
A dry electrostatic precipitator works on a hot process exhaust (250-850°F) and operates above the dew point of the gas stream. Dry ESP is a high-capacity separator that has been developed with the specific aim of achieving minimum operating cost and maximum separation efficiency of around 99%.
This type of device is mostly used for collecting dry dust particles such as coal ash, incinerator ash, or wood ash from incinerator or boiler applications and is used in petroleum cat crackers, cement kilns, and carbon anode ovens. Dry electrostatic precipitator, devices are used in different industries, as they transport and collect dust in dry conditions. Additionally, the use of dry ESP has increased in the cement industry, due to its low maintenance costs and low electricity consumption.
Drivers
Stringent Government Regulations Regarding Emission
Many countries around the world have improved their economy from agriculture-based to the industrial-based urban economy in the past few years. This transformation has made effects on various human activities as these industries are emitting many harmful gases and particulates into the air as also it is polluting the environment as a whole.
According to the World Health Organization (WHO), air quality is deteriorating every year. Nearly seven million people die due to air pollution, especially in developing countries. The detrimental impact on human health is strongly correlated with the polluted environment, which is subsequently degrading life satisfaction. This, in turn, is increasing awareness regarding air quality and the environment, thus fueling the demand for air quality control systems.
Rising Awareness Regarding Air Pollution
Environmental pollution has become a serious problem and dust has become one of the biggest causes of pollution. Governments around the globe are trying to control air pollution by implementing air quality control systems or by using air pollution equipment to minimize environmental damage.
Additionally, laws and regulations have been implemented to ensure that industrial plants or factories with high emissions use air quality control systems to curb air pollution. Thus, the implementation of strict legislation related to mercury and nitrogen oxide emissions in the atmosphere is anticipated to fuel the demand for air quality control systems.
Restraint
High Product Cost
High product cost is expected to hamper the market growth during the forecast period. Air quality control systems require substantial initial investments and thus many investors refrain from investing in this system.
Furthermore, the need for skilled personnel to operate the system and its complexity hinder market expansion. Lack of awareness about the benefits of air quality monitoring systems among potential buyers prevents the widespread adoption of the systems.
Opportunity
Rapid industrialization across the world
The number of air quality control systems is expected to grow, as the number of industries is growing across the world. Moreover, rapid industrialization in emerging economies such as China and India is fueling the need for air quality control systems. The demand for coal-fired power generation is expected to be high as the demand for energy is increasing.
In addition to this, the demand for air quality control systems is anticipated to grow as companies are investing in core industries such as mining, the cement industry, and chemical manufacturing. Furthermore, China's growth performance in the economy, high investment in research & development (R&D), and rise in technical support are expected to create opportunities in the market in the region.
Segmental Outlook
On the basis of types, the air quality control system market is segmented into electrostatic precipitators, flue gas desulfurization, scrubbers, selective catalytic reduction, and fabric filters.The electrostatic precipitators segment is anticipated to expand at a CAGR of 4.7% during the forecast period owing the growth in population, especially in the urban areas and the rise in health awareness among people.
The electrostatics precipitator segment is expected to grow due to rise in air emissions. Additionally, rise in the adoption of this system by the cement industry due to construction and infrastructure activities worldwide, and electrostatic precipitator are helping in the reduction of air pollution.
Based on applications, the air quality control system market is divided into the power generation, cement industry, iron & steel industry, chemical industry, and others. The power generation segment is projected to hold a major share of the market during the forecast period owing to rising industrialization, growing population, and increasing number of coal-fired power plants, as they are a major source of sulfur pollutants.
In the power generation sector, coal accounts for 83% of fine particulate emissions, 86% of NOx emission, 94% of mercury emissions, and 98% of SO2 emission. In 2018, about 42% of power generated globally was by using coal. Thus, the demand for air quality control system devices in the market has increased to help minimize air pollution.
Regional Outlook
In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a promising region for the market. The region constituted for 58.7% share of the market in 2019. The market in the region is projected to expand at a CAGR of 4.8% during the forecast period.
Rapid growth of the industrial sector such as cement production, power generation, and metal & chemical processing is driving the air quality control systems market. Countries such as India and China are among the most polluted countries in the world.
Governments of these countries are trying to implement emission laws and regulations across various industries, thus fueling the demand for air quality control systems in Asia Pacific. The market in North America is projected to expand at a CAGR of 4.5% due growing prevalence of measles in the region.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Global Air Quality Control System Market
Historical, Current and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Air Quality Control System Market Performance
Key players in the market include Babcock & Wilcox Enterprises, Inc., Ducon Technologies Inc., Fujian Longking Co. Ltd, GENERAL ELECTRIC, HAMON, Mitsubishi Heavy Industries, Ltd., Siemens AG, and Thermax Limited. These companies are considered manufacturers of Air Quality Control Systems based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
Mitsubishi Heavy Industries, Ltd. is a global company specializing in engineering, electrical equipment, and electronics. The company make its offerings through three core business segments, namely Power Systems, Industry & Infrastructure, and Aircraft, Defense & Space.
In March 2019, Ducon Infratechnologies Ltd. a company of Ducon Group's received an order to supply a Flue Gas Desulfurization (FGD) system on a 2x300 MW coal-fired plant Harbin Boiler Co., Ltd in china. Under the terms of this order, the company is projected to supply its proprietary Seawater FGD (SWFGD) technology with counter current DUPACK absorber to reduce the sulfur dioxide (SO2) emissions.
In May 2020, HAMON announced that the company has developed two largest Fabric Filters, which is expected to remove the dust from burned gas of a two 1000 MW unit power plant with the highest efficiency.
In October 2019, HAMON launched new standardized and modularized fabric filters concept, ‘Plug & Play’ fabric filters. These filters have been developed and tested to meet industrial needs worldwide.
Video Summary for Air Quality Control System Market
Chapter 1 Executive Summary Chapter 2 Assumptions and Acronyms Used Chapter 3 Research Methodology Chapter 4 Air Quality Control System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Air Quality Control System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Air Quality Control System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Air Quality Control System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Air Quality Control System Market Size & Forecast, 2017-2027 4.5.1 Air Quality Control System Market Size and Y-o-Y Growth 4.5.2 Air Quality Control System Market Absolute $ Opportunity Chapter 5 Global Air Quality Control System Market Analysis and Forecast Type 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities Type 5.1.2 Basis Point Share (BPS) Analysis Type 5.1.3 Absolute $ Opportunity Assessment Type 5.2 Air Quality Control System Market Size Forecast Type 5.2.1 Electrostatic Precipitators 5.2.2 Flue Gas Desulfurization 5.2.3 Scrubbers 5.2.4 Selective Catalytic Reduction 5.2.5 Fabric Filters 5.3 Market Attractiveness Analysis Type Chapter 6 Global Air Quality Control System Market Analysis and Forecast Application 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities Application 6.1.2 Basis Point Share (BPS) Analysis Application 6.1.3 Absolute $ Opportunity Assessment Application 6.2 Air Quality Control System Market Size Forecast Application 6.2.1 Power Generation 6.2.2 Cement Industry 6.2.3 Iron & Steel Industry 6.2.4 Chemical Industry 6.2.5 Others 6.3 Market Attractiveness Analysis Application Chapter 7 Global Air Quality Control System Market Analysis and Forecast by Region 7.1 Introduction 7.1.1 Key Market Trends & Growth Opportunities by Region 7.1.2 Basis Point Share (BPS) Analysis by Region 7.1.3 Absolute $ Opportunity Assessment by Region 7.2 Air Quality Control System Market Size Forecast by Region 7.2.1 North America 7.2.2 Europe 7.2.3 Asia Pacific 7.2.4 Latin America 7.2.5 Middle East & Africa (MEA) 7.3 Market Attractiveness Analysis by Region Chapter 8 Coronavirus Disease (COVID-19) Impact 8.1 Introduction 8.2 Current & Future Impact Analysis 8.3 Economic Impact Analysis 8.4 Government Policies 8.5 Investment Scenario Chapter 9 North America Air Quality Control System Analysis and Forecast 9.1 Introduction 9.2 North America Air Quality Control System Market Size Forecast by Country 9.2.1 U.S. 9.2.2 Canada 9.3 Basis Point Share (BPS) Analysis by Country 9.4 Absolute $ Opportunity Assessment by Country 9.5 Market Attractiveness Analysis by Country 9.6 North America Air Quality Control System Market Size Forecast Type 9.6.1 Electrostatic Precipitators 9.6.2 Flue Gas Desulfurization 9.6.3 Scrubbers 9.6.4 Selective Catalytic Reduction 9.6.5 Fabric Filters 9.7 Basis Point Share (BPS) Analysis Type 9.8 Absolute $ Opportunity Assessment Type 9.9 Market Attractiveness Analysis Type 9.10 North America Air Quality Control System Market Size Forecast Application 9.10.1 Power Generation 9.10.2 Cement Industry 9.10.3 Iron & Steel Industry 9.10.4 Chemical Industry 9.10.5 Others 9.11 Basis Point Share (BPS) Analysis Application 9.12 Absolute $ Opportunity Assessment Application 9.13 Market Attractiveness Analysis Application Chapter 10 Europe Air Quality Control System Analysis and Forecast 10.1 Introduction 10.2 Europe Air Quality Control System Market Size Forecast by Country 10.2.1 Germany 10.2.2 France 10.2.3 Italy 10.2.4 U.K. 10.2.5 Spain 10.2.6 Russia 10.2.7 Rest of Europe 10.3 Basis Point Share (BPS) Analysis by Country 10.4 Absolute $ Opportunity Assessment by Country 10.5 Market Attractiveness Analysis by Country 10.6 Europe Air Quality Control System Market Size Forecast Type 10.6.1 Electrostatic Precipitators 10.6.2 Flue Gas Desulfurization 10.6.3 Scrubbers 10.6.4 Selective Catalytic Reduction 10.6.5 Fabric Filters 10.7 Basis Point Share (BPS) Analysis Type 10.8 Absolute $ Opportunity Assessment Type 10.9 Market Attractiveness Analysis Type 10.10 Europe Air Quality Control System Market Size Forecast Application 10.10.1 Power Generation 10.10.2 Cement Industry 10.10.3 Iron & Steel Industry 10.10.4 Chemical Industry 10.10.5 Others 10.11 Basis Point Share (BPS) Analysis Application 10.12 Absolute $ Opportunity Assessment Application 10.13 Market Attractiveness Analysis Application Chapter 11 Asia Pacific Air Quality Control System Analysis and Forecast 11.1 Introduction 11.2 Asia Pacific Air Quality Control System Market Size Forecast by Country 11.2.1 China 11.2.2 Japan 11.2.3 South Korea 11.2.4 India 11.2.5 Australia 11.2.6 South East Asia (SEA) 11.2.7 Rest of Asia Pacific (APAC) 11.3 Basis Point Share (BPS) Analysis by Country 11.4 Absolute $ Opportunity Assessment by Country 11.5 Market Attractiveness Analysis by Country 11.6 Asia Pacific Air Quality Control System Market Size Forecast Type 11.6.1 Electrostatic Precipitators 11.6.2 Flue Gas Desulfurization 11.6.3 Scrubbers 11.6.4 Selective Catalytic Reduction 11.6.5 Fabric Filters 11.7 Basis Point Share (BPS) Analysis Type 11.8 Absolute $ Opportunity Assessment Type 11.9 Market Attractiveness Analysis Type 11.10 Asia Pacific Air Quality Control System Market Size Forecast Application 11.10.1 Power Generation 11.10.2 Cement Industry 11.10.3 Iron & Steel Industry 11.10.4 Chemical Industry 11.10.5 Others 11.11 Basis Point Share (BPS) Analysis Application 11.12 Absolute $ Opportunity Assessment Application 11.13 Market Attractiveness Analysis Application Chapter 12 Latin America Air Quality Control System Analysis and Forecast 12.1 Introduction 12.2 Latin America Air Quality Control System Market Size Forecast by Country 12.2.1 Brazil 12.2.2 Mexico 12.2.3 Rest of Latin America (LATAM) 12.3 Basis Point Share (BPS) Analysis by Country 12.4 Absolute $ Opportunity Assessment by Country 12.5 Market Attractiveness Analysis by Country 12.6 Latin America Air Quality Control System Market Size Forecast Type 12.6.1 Electrostatic Precipitators 12.6.2 Flue Gas Desulfurization 12.6.3 Scrubbers 12.6.4 Selective Catalytic Reduction 12.6.5 Fabric Filters 12.7 Basis Point Share (BPS) Analysis Type 12.8 Absolute $ Opportunity Assessment Type 12.9 Market Attractiveness Analysis Type 12.10 Latin America Air Quality Control System Market Size Forecast Application 12.10.1 Power Generation 12.10.2 Cement Industry 12.10.3 Iron & Steel Industry 12.10.4 Chemical Industry 12.10.5 Others 12.11 Basis Point Share (BPS) Analysis Application 12.12 Absolute $ Opportunity Assessment Application 12.13 Market Attractiveness Analysis Application Chapter 13 Middle East & Africa (MEA) Air Quality Control System Analysis and Forecast 13.1 Introduction 13.2 Middle East & Africa (MEA) Air Quality Control System Market Size Forecast by Country 13.2.1 Saudi Arabia 13.2.2 South Africa 13.2.3 UAE 13.2.4 Rest of Middle East & Africa (MEA) 13.3 Basis Point Share (BPS) Analysis by Country 13.4 Absolute $ Opportunity Assessment by Country 13.5 Market Attractiveness Analysis by Country 13.6 Middle East & Africa (MEA) Air Quality Control System Market Size Forecast Type 13.6.1 Electrostatic Precipitators 13.6.2 Flue Gas Desulfurization 13.6.3 Scrubbers 13.6.4 Selective Catalytic Reduction 13.6.5 Fabric Filters 13.7 Basis Point Share (BPS) Analysis Type 13.8 Absolute $ Opportunity Assessment Type 13.9 Market Attractiveness Analysis Type 13.10 Middle East & Africa (MEA) Air Quality Control System Market Size Forecast Application 13.10.1 Power Generation 13.10.2 Cement Industry 13.10.3 Iron & Steel Industry 13.10.4 Chemical Industry 13.10.5 Others 13.11 Basis Point Share (BPS) Analysis Application 13.12 Absolute $ Opportunity Assessment Application 13.13 Market Attractiveness Analysis Application Chapter 14 Competition Landscape 14.1 Air Quality Control System Market: Competitive Dashboard 14.2 Global Air Quality Control System Market: Market Share Analysis, 2019 14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 14.3.1 ANDRITZ AG 14.3.2 Babcock & Wilcox Enterprises, Inc. 14.3.3 Doosan Heavy Industries & Construction 14.3.4 Ducon Technologies Inc. 14.3.5 Enviropol Engineers Pvt. Ltd. 14.3.6 Fujian Longking Co. Ltd 14.3.7 GEA Group Aktiengesellschaft 14.3.8 GENERAL ELECTRIC COMPANY 14.3.9 HAMON 14.3.10 IONFILTRA 14.3.11 Isgec Heavy Engineering Ltd. 14.3.12 MITSUBISHI HEAVY INDUSTRIES, LTD. 14.3.13 RIECO 14.3.14 Siemens AG 14.3.15 Thermax Limited 14.3.16 Tri-mer 14.3.17 UNITED ENVIRO SYSTEM 14.3.18 VT CORP Pvt Ltd 14.3.19 Wood plc
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Key players in the market include Babcock & Wilcox Enterprises, Inc., Ducon Technologies Inc., Fujian Longking Co. Ltd, GENERAL ELECTRIC, HAMON, Mitsubishi Heavy Industries, Ltd., Siemens AG, and Thermax Limited. These companies are considered manufacturers of Air Quality Control System based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
The base year considered for the global air quality control system market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016 to 2021 are the historic years and the forecast is provided from 2023 to 2031.
The market is expected to witness increment of over 3.9% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the air quality control system market. The ongoing research of air quality control system market for COVID-19 string is expected to grow the production air quality control system.
Stringent government regulations regarding emission and rising awareness regarding air pollution are expected to drive the market growth during forecast period.
In addition to market size (in US$ Million) and Company Market Share (in % for base year 2022), and short-term and long-term outlook for air quality control system market is available in final report.
According to this Growth Market Reports report, the market for air quality control system is likely to register a CAGR of 4.6% during forecast period 2023-2031, with an anticipated valuation of US$ 6,990.8 by the end of the 2031.
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