Global Air Quality Control System Market |
Posted: October 3, 2021 |
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. Market Dynamics 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. Restraint 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. Opportunity Trends Segmental OutlookOn 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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