Press release
Air Quality Control Systems Market by Key Factors in Business Volumes, and Investment Report with Opportunities Analysis 2019 - 2026
Air quality control systems are used to maintain air quality, which needs to be maintained both indoors and outdoors. The harmful and contaminated pollutants released from industries such as cement manufacturing, chemical processing, power generation, semiconductor manufacturing, automotive, energy, oil and gas, agriculture and others, can result in adverse health effects.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 air pollution control segment to lead the trail by 2026-
Based on the 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.
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.
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Depending on the end-user industry, the energy & power segment is expected to dominate the market throughout the study period. This is attributed to a surge in the need for air quality control systems to control the discharge of VOCs and gaseous pollutants.
Key Findings of the Air Quality Control Systems Market :
• Based on the application, the air pollution control segment was the largest revenue contributor in 2018.
• By the end-user industry, the energy & power segment generated the highest revenue in 2018 and is projected to grow at a significant CAGR from 2019 to 2026.
• Depending on product type, the indoor segment is expected to grow at the fastest rate.
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.
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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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