Press release
Comprehensive Air Quality Control System Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Air Quality Control System Market
The increasing worry around the quality of indoor air is foreseen to fuel the expansion of the air quality control system market. Indoor air quality (IAQ), which pertains to the air standard inside and around edifices, focusing on its impact on occupants' health and comfort, is becoming a significant concern. Air quality control systems offer extensive solutions to manage and boost indoor air quality by eliminating contaminants, managing ventilation, controlling humidity, and improving the overall indoor environmental quality. For example, in April 2023, the American Lung Association, a professional organization based in the U.S., stated that approximately 36% of the U.S. population, equating to 119.6 million Americans, still live in places with poor ozone or particle contamination levels. As a result, this increasing concern about indoor air quality is likely to propel the expansion of the air quality control system market.
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What is the future CAGR of the air quality control system market, and how will it impact industry expansion?
The market size of the air quality control system has seen considerable growth in the past years. It is projected to rise from $120.67 billion in 2024 and reach $127.11 billion by 2025, with a compound annual growth rate (CAGR) of 5.3%. This significant growth during the historic period is due to factors such as strict environmental laws, increasing awareness about health implications, industrial expansion and urbanization, worldwide initiatives to tackle climate change, concerns over healthcare costs, and productivity issues.
In the coming years, the air quality control system market is forecasted to experience a significant surge, reaching a value of $156.01 billion in 2029 with a compound annual growth rate (CAGR) of 5.3%. The anticipated growth during this period is correlated to the ongoing emphasis on environmental policies, the growing focus on real-time surveillance, the development of smart city initiatives, the use of renewable energy sources, and the increasing priority placed on health and wellness. Key trends predicted for this timeframe include the incorporation of IoT and AI technologies, the innovative breakthroughs in control systems, improvements in air quality monitoring technologies, the advancement of sensor technologies, and the emphasis on data analytics and visualization.
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What are the most significant trends transforming the air quality control system market today?
Leading enterprises in the air quality control system market are concentrating on producing products that incorporate advanced technologies like IoT solutions into the AQCS systems, in order to solidify their market standing. Internet of Things (IoT) employs data sourced from IoT devices, concentrating on information from a single sensor type or a collection of sensors to gather more extensive insights. For instance, in March 2023, Siemens AG, a German firm specializing in automation and digitalization, launched Connect Box through its subsidiary, Siemens Smart Infrastructure (SI). Connect Box, an innovative, open-source, user-friendly Internet of Things solution, is designed for managing small to medium-sized buildings. As the latest offering in the Siemens Xcelerator product line, Connect Box offers an easily understandable way of monitoring building performance that could significantly enhance indoor air quality and optimize energy efficiency in small to mid-sized buildings such as apartments, retail shops, schools, and compact offices by approximately 30%.
Which key market segments comprise the air quality control system market and drive its revenue growth?
The air quality control system market covered in this report is segmented -
1) By Product Type: Indoor, Ambient
2) By Pollutant Type: Gas, VOC, Dust, Other Pollutant Types
3) By Application: Tunnels, Air Terminals, Underground Garages, Public Transportation Stations, Air Pollution Control, Automobile, Other Applications
4) By End-User Industry: Powertrain Management, Energy And Power, Mining, Agriculture, Semiconductor, Medical And Pharma, Commercial And Residential, Transportation, Other End-User Industries
Subsegments:
1) By Indoor: Air Purifiers, HVAC Systems, Air Quality Monitors
2) By Ambient: Industrial Air Quality Monitors, Outdoor Air Quality Sensors, Emission Control Systems
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What regions are at the forefront of air quality control system market expansion?
Asia Pacificwas the largest region in the air quality control system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the air quality control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the air quality control system market?
Major companies operating in the air quality control system market report are Siemens AG, General Electric Company, Thermo Fisher Scientific, Honeywell International Inc., 3M, Mitsubishi Hitachi Power Systems Ltd., Anguil Environmental Systems, Inc., ENVEA Group, Daikin Industries Ltd., Johnson Controls International PLC, Alstom SA, Camfil AB, ANDRITZ AG, GEA Group Aktiengesellschaft, MANN+HUMMEL Group, Donaldson Company Inc., Pall Corporation, Dürr AG, Thermax Limited, Babcock & Wilcox Enterprises Inc., Calgon Carbon Corporation, Clyde Bergemann Power Group, Doosan Lentjes GmbH, Balcke-Dürr GmbH, Fuel Tech Inc., Sierra Instruments Inc., Bühler Technologies GmbH, Foster Wheeler AG, Hamon Corporation
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What Is Covered In The Air Quality Control System Global Market Report?
• Market Size Forecast: Examine the air quality control system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the air quality control system market for a structured understanding.
• Key Players Overview: Analyze major players in the air quality control system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the air quality control system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the air quality control system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the air quality control system market.
• Industry Challenges: Identify potential risks and obstacles affecting the air quality control system market.
• Competitive Landscape: Review strategic developments in the air quality control system market, including expansions, agreements, and new product launches.
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