Air Quality Control System Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Consumer Goods and Food and Beverages | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC208

Harmful and toxic elements present in air have severe evil effects on the health of any individuals. These toxic elements include pollutants emitted from various industries such as cement manufacturing, power generation, oil and gas refining and chemical processing among others. Currently, the pollutants emitted from automotive are also creating increased environmental pollution. Maintaining proper air quality is an important factor for maintaining healthy life of an individual. Rapid elimination of these pollutant gases from industries is utmost essential. An air quality control system provides complete and efficient solutions for proper treatment of these pollutant gasses and helps to release cleaner air. Owing to increasing environmental concern, stringent regulations are implemented by the government with regards to industrial emission of gasses. This, in turn, is anticipated to create a better opportunity for various air quality control system manufacturers.
The global air quality control system market has been bifurcated on the basis of application, technology and regions. Different technologies used in air quality control system include flue gas desulphurization (FDG), fabric filters, scrubbers, mercury control systems, nitrogen oxide control systems and electrostatic precipitators. Air quality control system also finds its applications across various industries such as power generation, iron & steel, cement manufacturing, chemicals and automotive among others. The report also provides in depth analysis of different technology and applications across different regions such as North America, Asia Pacific, Europe, Latin America and Middle-East and Africa (MEA).
Rapid growth in different industry verticals, especially iron and steel industries, cement industries and manufacturing across the globe in order to meet the rising demand of consumers coupled with strict regulations imposed by the governments towards harmful gas emission is the key factor expected to boost the adoption of air quality control systems. Moreover, increasing demand for air quality control systems from various automotive manufacturers in order to eliminate greenhouse gas emission and to reduce pollution rate is also anticipated to trigger the demand for air quality control systems in coming years. In addition, installation of air quality controls systems in automotives gives competitive advantage to the automotive manufacturers over other manufacturers owing to rapidly increasing environmental concerns.
The fabric filter method held the largest market share among the different air filtering technologies used in air quality control system. Under certain conditions fabric filters offer constant efficiency and static pressure, for various particle sizes and concentrations in comparison to any other category of dust collectors. Moreover, the collection efficiency of fabric filter does not get affected by the sulfur content in the combustion fuel as in case of an electrostatic precipitators (ESPs).
On the other hand, air quality control systems are majorly installed in power generation sector. Among various power generation methods, the coal fired energy generation segment held the largest share in terms of revenue. Coal generated power is the largest source of energy generation across various parts of the world. The large scale utilization of coal generated toxins pollutants is also responsible for creating global warming. Installation of efficient air quality control systems to eliminate emission of air pollution from coal power plants is predicted to experience robust demand over the forecast period.
Geographically, Europe accounted for the highest share in the air quality control system market owing to stringent government regulation towards pollution control in the region. However, the air quality control systems market in Europe is anticipated to experience a sluggish growth rate in the coming years due to already high market penetration. European market is followed by North America in terms of adoption of air quality control systems. On the other hand, Asia-Pacific region is expected to experience a promising growth in terms of revenue during the forecast period owing to the rapid growth in coal fired power generation sector. Some of the key market players operating in the air quality control system market include Mitsubishi Hitachi Power Systems, Ltd., Hamon Corporation, Thermax Ltd. and Siemens AG a mong others.

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