(EnergyIndustry.Net, April 15, 2023 ) The report Air Quality Control Systems Market By Technology (Flue Gas Desulfurization (FGD), Electrostatic Precipitators, Nitrogen Oxide (NO x) Control Systems, Scrubber & Mercury Control Systems) & Geography - Global Trends and Forecasts to 2019 " ,defines and segments the global air quality control systems market with analysis and forecasts of the revenue. Air Quality Control systems market will grow from an estimated $58.7 billion in 2014 to $78.0 billion by 2019 with a CAGR of 5.8% from 2014 to 2019.
The Air Quality Control Systems industry refers to the sector that is responsible for the development, manufacturing, and implementation of technologies and systems aimed at controlling and improving air quality. The demand for air quality control systems is expected to continue to grow in 2023-24 due to increasing concerns about air pollution and its impact on human health and the environment.
Several factors are driving the demand for air quality control systems, including government regulations and policies aimed at reducing air pollution, increased public awareness of the health impacts of poor air quality, and the growth of industries that produce air pollutants.
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The demand for air quality control systems is expected to continue to grow in the coming years as governments and industries around the world increasingly focus on reducing air pollution and improving air quality.
The air quality control systems market is driven by strict air pollution control regulations in different regions of the world. The motive behind the regulations is to reduce harmful toxic elements from the exhaust gases. Power generation, cement manufacturing, and other metal processing industries emit harmful gases and particulate matter in the air, which pollutes the environment; this may affect human health as well. Air quality systems reduce these exhaust gases and the particulate matter that are emitted from the industries.
To reduce these exhaust pollutants, regulatory systems have laid down standards for industrial emissions. The developed regions like Europe and Americas have stringent regulations for industrial emission of toxic pollutants.
Asia-Pacific: Largest market for Air Quality Control Systems
Regulations are the major factor that drives the air quality control systems market. Coupled with rapid industrialization and shifting of industries towards Asia-Pacific, the region has witnessed exponential growth in industrial activities, resulting into huge amount of pollutants through emissions from industries. Industries such as cement, mining, chemical and steel are growing rapidly in Asia-Pacific, which will increase the use of air quality control systems. The air quality control systems market in Asia-Pacific is expected to grow at a CAGR of 6.7% between 2014 and 2019.
Coal fired power generation: Biggest market by Application
Coal fired power generation industry market accounted for the largest share of the total air quality control systems market in 2013. Coal is the largest source of energy for generation of electricity worldwide. The large scale use of coal pollutes our environment with toxins creating global warming. Air quality control systems are capable of drastically reducing air pollution emissions fromcoal-fired power plants, in turn creating huge demand for these systems.
The report also provides a comprehensive review of the major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the air quality control systems market. Key players in the industry are profiled in detail with their recent developments. Some of these include companies such as Alstom (France), Babcock & Wilcox Company (U.S.), Foster Wheeler (U.S.), Mitsubishi Hitachi Power Systems America (Japan), Hamon RC (U.S.), KBR (U.S), and Siemens Energy (Germany).
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