Press release
Air Quality Control Systems Market worth $150.7 Billion by 2029
The global [https://www.marketsandmarkets.com/Market-Reports/air-quality-control-systems-market-863.html]in terms of revenue was estimated to be worth $107.4 billion in 2024 and is poised to reach $150.7 billion by 2029, growing at a CAGR of 7.0% from 2024 to 2029 according to a new report by MarketsandMarkets Trademark .
The demand for air quality control systems is on the rise due to various factors. Expansion in industries like manufacturing, automotive, and construction contributes to increased adoption of air pollution control measures. Additionally, population growth leads to higher levels of air pollution from increased vehicle emissions, construction activities, and energy consumption, thereby driving the need for air pollution control systems. Financial uncertainties are also a driving factor, as companies seek protection against potential losses arising from unforeseen events
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Industrial, by End User, is expected to be the largest segment during the forecast period.
The industrial sector is poised to dominate the Air Quality Control Systems Market due to several reasons. Expansion in industries such as manufacturing, automotive, construction, power generation, and chemical production significantly contributes to air pollution. This heightened industrial activity necessitates robust air pollution control measures to comply with stringent regulations and address growing public health concerns. Consequently, the demand for air quality control systems, including pollution monitoring and mitigation solutions, is expected to be highest in the industrial segment, reflecting the industry's crucial role in environmental sustainability and regulatory compliance.
Electrostatic Precipitators, by technology, is expected to be the second fastest-growing segment during the forecast period.
The demand for electrostatic precipitators (ESPs) is expected to rise due to increasing environmental regulations and the need for efficient pollution control solutions. ESPs effectively remove particulate matter from industrial emissions, aligning with efforts to improve air quality. As industries seek to comply with stricter emission standards, the demand for ESPs will surge, consequently driving the market for air quality control systems.
Asia Pacific is expected to be the fastest-growing region during the forecast period.
The Asia-Pacific region is poised to lead the Air Quality Control Systems Market due to rapid industrialization and construction activities, particularly in countries like India and China. This growth is driven by stringent environmental regulations, increasing awareness about air pollution, and rising public health concerns. As these nations strive for sustainable development, the demand for air quality control systems escalates, making APAC the largest market for such solutions.
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Key Market Players of Air Quality Control Systems Industry:
Some of the major players in the Air Quality Control Systems Market are Mitsubishi Heavy Industries (Japan), GE Vernova Inc (US), GEA (Germany), Daikin Industries, Ltd. (Japan) and Donaldson Company, Inc. (US) among others. The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.
About MarketsandMarkets Trademark :
MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets Trademark .com or follow us on Twitter, LinkedIn and Facebook.
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MarketsandMarkets Trademark INC.
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