The global air quality control system market was valued at USD 4,923.3 Million in 2019 and is projected to reach USD 6,990.4 Million by 2027, expanding at a CAGR of 4.6% 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 is expected to restrain the market.
Stringent Government Regulations Regarding Emission
Many countries around the world have improved their economy from agriculture-based toward 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 in 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 the environmental damage. Additionally, laws and regulations have been implemented to ensure that industrial plants or factories with high emission use air quality control systems to curb air pollution. Thus, implementation of strict legislation related to mercury and nitrogen oxide emission in the atmosphere is anticipated to fuel the demand for Air quality control system.
Growing Availability of Alternative Sources of Energy
An air quality control system is mostly used in thermal or coal power generation plants, due to the large emission of pollutants. However, the adoption of renewable sources of energy is rising, as people are becoming increasingly aware about pollution. Governments of many countries are providing subsidies for adoption of renewable source energy; therefore, the demand for energy from coal-based or thermal-based power plants is decreasing. This, in turn, is decreasing the need for air quality control system.
Rapid Industrialization in Asia Pacific
The number of air quality control systems is expected to grow, as the number of industries is growing in Asia Pacific. Rapid industrialization in emerging economies such as China and India are fueling the need for air quality control systems. The demand for coal-fired power generation is expected to be high in this region because the demand of energy is increasing. In addition to this, demand of air quality control system is anticipated to grow as companies are investing in core industries such as mining, cement industry, chemical manufacturing. Furthermore, China's growing performance in the economy, high investment in research & development (R&D), and rise in the technical support are expected to create opportunities in the market in the region.
Growth in the Use of Dry Electrostatic Precipitator Devices
A dry electrostatic precipitator works on 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 a 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 application and is used in petroleum cat crackers, cement kilns, and carbon anode ovens. Dry electrostatic precipitators, 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.
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.
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 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.
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.
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
Some frequently asked quetions about this report!
Additional company profiles can be provided on request
Yes, the report covers type specific information such as research & development and commercialization of product.
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 2020-2027, with an anticipated valuation of US$ 6,990.4 million by the end of the 2027.
In addition to market size (in US$ Million) and Company Market Share (in % for base year 2019), and short-term and long-term outlook for air quality control system market is available in final report.
Stringent government regulations regarding emission and rising awareness regarding air pollution are expected to drive the market growth during forecast period.
Power generation and cement industry are the key application that are driving the air quality control system market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
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.
The base year considered for the global air quality control system market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major manufactures include Babcock & Wilcox Enterprises, Inc., Ducon Technologies Inc., Fujian Longking Co. Ltd, GENERAL ELECTRIC, HAMON, Mitsubishi Heavy Industries, Ltd., Siemens AG, and Thermax Limited.
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