Air Quality Control Systems Market Exploring Growth Drivers to Reach $144,091.2 Mn by 2026

The air quality control systems market is witnessing significant growth driven by rising demand for air filters in medical and pharmaceutical industries, coupled with increased focus on combatting air pollution. Furthermore, the surge in industrialization in developing countries is bolstering market expansion. However, the market also presents opportunities stemming from technological advancements and stringent government regulations aimed at controlling air pollution.

The air quality control systems market size was $94,697.2 million in 2018 and is projected to reach $144,091.2 million by 2026, growing at a CAGR of 5.2%. The ambient segment garnered over three-fifths of the share in 2018, and is expected to exhibit significant growth during the air quality control systems market forecast period.

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Segmentation based on type reveals that the ambient segment held the largest market share in 2018, accounting for nearly three-fourths of the total market. Nevertheless, the indoor segment is expected to exhibit the fastest compound annual growth rate (CAGR) of 5.7% during the forecast period.

In terms of applications, the air pollution control segment dominated in 2018, representing nearly two-fifths of the market share. Conversely, the tunnels segment is projected to witness the fastest CAGR of 6.9% during the forecast period. Additionally, the market is segmented into air terminals, underground garages, public transportation stations, automobiles, and others.

Geographically, Asia Pacific emerged as the dominant region in 2018, contributing over one-third of the market share. This trend is expected to continue throughout the forecast period. However, the LAMEA region is forecasted to register the fastest CAGR of 6.5% during the forecast period, indicating substantial growth opportunities in the region.

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Top Players:
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.

Overall, the air quality control systems market presents a dynamic landscape characterized by diverse growth drivers and opportunities across regions and segments. Industry stakeholders can leverage these trends to enhance product offerings and capitalize on emerging markets for sustained growth and competitiveness.

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