August 31, 2021
According to the research report titled ‘Global Air Quality Control Systems Market 2019-2028’, available with Market Study Report, global air quality control systems market is projected to grow at a CAGR of 4.16% over the forecast period 2019-2028.
As per the report findings, rapid expansion of chemical and semiconductor sectors, coupled with heavy investment by governments towards technology development are the primary factors driving global air quality control systems market growth.
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Moreover, deteriorating air quality levels, as well as increasing occurrence of health conditions such as asthma and chronic respiratory diseases are also fueling the product demand. Rising adoption in medical & pharma sectors, and surging demand for indoor air quality control systems are also bolstering the overall market value.
On the contrary, the Covid-19 pandemic instigated slowdown in industrial output, high initial investment, and inclination towards renewable resources for power generation are likely to restrain market development over the forthcoming years.
Based on product type, worldwide air quality control systems market is classified into indoor, and ambient variants. By pollutant type, the industry fragmentation comprises dust, gas, VOC (volatile organic compounds), and others.
Moving on to application ambit, the business vertical is split into automobiles, air pollution control, public transportation stations, air terminals, tunnels, underground garages, and others. Lastly, considering end-user scope, the industry space is arrayed into energy & power, mining, powertrain management, transportation, medical & pharma, commercial & residential, agriculture, semiconductor, and others.
From a regional frame of reference, Middle East & Africa industry is slated to register remarkable growth over 2019-2028. Air quality is considered to be one of the leading priorities in countries such as the UAE, owing to its impact on the environment, human health, as well as the overall economy. Notably, the UAE targets to comply with 90% of WHO air quality guidelines by the end of 2021. Such initiatives are expected to boost regional market remuneration over the forecast period.
Key players profiled in global air quality control systems market report include Horiba Ltd., ESCO International, Fujian Longking Co. Ltd., Ducon Technologies Inc., John Wood Group plc, Donaldson Co. Inc., Babcock & Wilcox Enterprises Inc., GEA Group AG, S.A. HAMON, Mitsubishi Power Ltd., Thermax Ltd., Mann+Hummel GmbH, General Electric Company, ELEX AG, and Daikin Industries Ltd.