Global Air Quality Control Systems Market to record Substantial growth at 4.42% by 2028

Inkwood Research puts forth that the Global Air Quality Control Systems Market is projected to register a CAGR of 4.42% in terms of revenue during the forecasting years of 2019-2028.

"Browse 63 Market Data Tables and 56 Figures spread over 240 Pages, along with an in-depth TOC on the Global Air Quality Control Systems Market Forecast 2019-2028."

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Air quality control systems (ACQS) assist in providing better indoor and outdoor air quality, through the filtration of harmful air pollutants. They include control systems that minimize the ratio of air contaminants, resulting from poisonous gases emitted from exhausts of power plants. The harmful emissions may also include pollutants from other industries, primarily fueled by fossil fuels.

The Impact of Poor Air Quality on the Economy Facilitates the Market Growth

According to the report by Greenpeace Southeast Asia and the Centre for Research on Energy and Clean Air, air pollution from fossil fuels, gas, coal, and oil, results in three times more deaths, than road accidents, worldwide. Moreover, the air pollution expenses are projected to equate to over 3% of the global Gross Domestic Product (GDP). Air pollution may impact the economy in several forms, like, higher incidence of chronic respiratory diseases, diabetes, and asthma, leading to diminished work capabilities, and lower participation rates within the employment force. Moreover, the report also stated that in 2018, the world's economy incurred an expense of $200 billion, due to disabilities stemming from chronic ailments.

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Dust is the Fastest-Growing Pollutant

Equipment like wet scrubbers, cartridge dust collectors, baghouse filters, HEPA filters, and electrostatic precipitators are used for dust emission control. According to a recent World Health Organization (WHO) report, at least 30% of commercial avenues face indoor air quality challenges. As a result, the presence of pollutants and several other contaminants within industrial infrastructures adversely impact employees' health. These health consequences are termed as sick building syndrome (SBS). Moreover, the rise in dust emission may also damage machines and other devices. Due to this, enterprises are more likely to adopt various air quality filters to enhance their equipment's working efficiency and service life.

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The Asia Pacific - Dominating and Fastest-Growing Region by 2018

Increased consumer awareness regarding air filters and verification of real-time air quality index by the governments and growing environmental and health concerns, significantly fuel the region's market growth. The demand for air quality control systems is also attributed to the rise in installation of oil and gas, and food processing plants, as they increase the rate of pollutants released in the atmosphere.

Owing to high product differentiation, air quality control systems suppliers develop technologies suitable for specific industry types, reducing competition intensity. However, since the market's firm concentration is relatively low, the market experiences increased rivalry. As a result, the overall intensity of industrial competition is predicted to be moderate. Key players operating in the market are, Daikin Industries Ltd, Elex AG, Hamon Group, Donaldson Company Inc, Horiba Ltd, etc.

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