Air Quality Control System Market Size, Share, Analysis 2031

Report Description

Market Outlook:

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.

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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.

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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.

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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.

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