Air Quality Control Systems Market Economic Trends, Industry Development, Challenges, Forecast and Strategies To 2026

Increase in demand for air filters in medical & pharma industries, rise in focus to combat air pollution and surge in industrialization in emerging countries drive the growth of the global air quality control systems market. On the other hand, high initial investment & operating cost and decline in number of new coal power plants across the globe hamper the growth to some extent.

Allied Market Research published a report, titled, "Air Quality Control Systems Market by Product Type (Indoor and Ambient), Pollutant Type (Gas, VOC, Dust, and Others), End-User Industry (Powertrain Management, Energy & Power, Mining, Agriculture, Semiconductor, Medical & Pharma, Commercial & Residential, Transportation, and Others), and Application (Tunnels, Air Terminals, Underground Garages, Public Transportation Systems, Air Pollution Control, Automobile, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026."

As per the report, the global air quality control systems industry was estimated at $94.69 billion in 2018 and is expected to reach $144.09 billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026. The report offers a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

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The ambient segment to rule the roost-

Based on product type, the ambient segment accounted for nearly three-fourths of the total air quality control systems market share in 2018 and is anticipated to dominate till 2026. This is due to increase in demand for air quality control systems such as wet scrubbers and dry scrubbers in varied end-user industries including power generation and automotive, to eliminate airborne contaminants and/or industrial gases from exhaust streams in ambient air. Simultaneously, the indoor segment is predicted to cite the fastest CAGR of 5.7% during the estimated period.

Asia-Pacific, followed by North America, held the largest share in terms of revenue-

Based on geography, the Asia-Pacific region, followed by North-America, generated the largest share in 2018, holding nearly two-fifths of the total air quality control systems market. The increased necessity for food, electricity, oil, gas, and power in the region has worked as the major driving factor for the growth. At the same time, the LAMEA region would showcase the fastest CAGR of 6.5% throughout the study period. Enhanced reliability and capability to prevent contaminated air in the region have propelled the growth.

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The air pollution control segment to lead the trail by 2026-

Based on application, the air pollution control segment contributed to nearly two-fifths of the total air quality control systems market revenue in 2018 and is expected to maintain its dominance throughout the forecast period. This is attributed to increased industrial manufacturing and infrastructural development across the globe. The tunnels segment, on the other hand, is projected to grow at the fastest CAGR of 6.9% during 2019-2026.

The key players in the global air quality control systems market adopted product launch and product development as their key strategies to cater to the increasing consumer demands. Furthermore, they launched energy-effective air quality control systems of different types and capacities to strengthen their market position. The key players profiled in this report include Babcock & Wilcox Enterprises, Inc., Daikin Industries Ltd., Donaldson Company, Inc., ELEX AG, GE Power, GEA Group Aktiengesellschaft, MANN+HUMMEL, Mitsubishi Hitachi Power Systems, Ltd, S.A. HAMON, and Thermax Ltd.

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