If you’re in the market for an air quality control system, you’re probably wondering what the market is like. Here, you’ll discover the drivers, trends, and opportunities in the Air Quality Control System Market. This article will also discuss the competitive landscape. Let’s get started! Let’s begin with the market itself. Why is this market so important? Where are the opportunities? What’s the competitive landscape like? Which products are leading the way?
Market for air quality control systems
The market for air quality control systems is expected to witness robust growth over the forecast period. The demand for air quality control systems is expected to increase significantly in countries such as China and India, where governments have implemented stringent environmental regulations and adopted strict emission standards for new and existing power plants. These countries have also implemented stringent rules for energy generation, and are gradually shifting toward renewable sources. However, many of these countries are unable to meet the stringent emission standards, which may hamper the growth of the air quality control systems market.
This report includes the profiles of the leading manufacturers of air quality control systems. The report covers detailed company profiles, SWOT analysis, and market strategies of the top companies in the air quality control systems market. The report also includes information on the financial performance of the leading companies in the market and key developments over the past five years. The research team at Insight Partners is composed of highly qualified professionals with advanced statistical expertise. The report is available in various custom configurations to suit different client requirements.
In addition to the competitive landscape, the report covers a detailed company overview, financial and product-positioning analysis, as well as new market initiatives. It also analyzes the impact of domestic market players on the market. The report also covers the analysis of 18 countries across the world and identifies opportunities and challenges for each. The report also provides a comprehensive analysis of the air quality control systems industry. It also highlights the trends and opportunities that drive the market growth for the industry.
Among all the segments, physical pollutant segment is anticipated to grow at the highest CAGR over the forecast period. The growing awareness of particulate matter in the air has contributed to the growth of this market, particularly for children. Further, the government has regulated the manufacturing industry to reduce the levels of particulate matter. For example, a large number of industries are now being monitored for this type of pollution. Consequently, the market is expected to expand despite the recent setback.
The major players in the global Air Quality Control Systems market include Mitsubishi Hitachi Power Systems, Ltd., Ducon Technologies Inc., Fujian Longking Co. Ltd., and GEA Group Aktiengesellschaft. The companies in the market are providing offerings through three primary business segments: industrial control, electrical equipment, and building control. In addition, the report provides competitive analysis of the key players. The research study also identifies the market drivers for each player.
Regional analysis of the air quality control system market reveals that the Asia-Pacific region is the fastest growing region. China and India account for the highest market shares, followed by North America and Europe. The market in Asia Pacific is expected to grow at a 4.8% CAGR during the forecast period. The rapid growth in industrial activity in Asia-Pacific is driving the demand for air quality control systems. Furthermore, countries such as India and China are among the world’s most polluted countries.
Growing awareness about the benefits of clean air is a major driving force in the global market. As the number of industrial facilities grows, air quality control systems will be required to control the pollution levels. China’s growing performance and the rapid industrialization of Asia-Pacific will further fuel the growth of the market. The market for air quality control systems in China is expected to be worth nearly USD 115 billion by 2028. Further, increasing awareness of the benefits of air quality will increase the demand for these products.
The air quality monitoring market is segmented by component, software, and service. Hardware segment accounted for the largest share of the global market in 2018, due to the increasing number of system integrators and component manufacturers. IoT has helped air quality monitoring devices gain wider exposure. Newer air quality monitoring devices offer good connectivity and can relay real-time insights. Some of the latest air quality monitoring devices integrate with air quality monitoring software and sensors to give a complete picture of air quality.
Wireless communication and low-cost sensor networks are also key drivers for the global market. Additionally, crowdsourcing and low-cost sensors are growing in popularity. Using sensors in cities is another key factor that will drive the market for air quality monitoring systems. For example, a collaboration between the weather company and PurpleAir will enable the data to be shared with Weather Underground and displayed on a website. Moreover, the public’s interest in pollution monitoring is increasing due to health consequences.
The market for air quality control system solutions has a number of key growth drivers, and the leading players in the industry are investing heavily in research and development. Increasingly, air quality monitoring systems are being used for environmental and health monitoring purposes, including hospitals, schools, and other commercial premises. The growth of the market is expected to continue, especially in emerging economies. The leading players in the air quality monitoring system market include 3M, Emerson Electric Company, General Electric Company, HORIBA, Ltd., Merck, and Siemens AG.
China has become one of the most important markets for air quality control systems, largely due to recent adoption of strict emission standards for existing power plants. From 2015, the country will implement a national mercury emission standard for all power plants. Moreover, major economies are increasingly shifting towards renewable energy production, which will drive the market for air quality control systems. Furthermore, the number of power plants that use coal will decline during the forecast period, making this a particularly lucrative market.
In addition to developing countries, India’s Government is working to deploy 300 real-time air quality monitoring systems by 2024. In 2017, the country launched the National Clean Air Programme (NCAP). Additionally, smart city initiatives are anticipated to spur growth in the air quality control system market. These technologies can be integrated into buildings, transportation systems, and wireless sensors. This will increase the demand for air quality control systems, which will in turn drive the market growth.
Global air quality control systems market can be segmented by technology, product type, application, and end-user industry. For example, there are systems that are designed to monitor ozone and nitrogen levels, while those for indoor use are categorized by pollutant type. Then there are systems used for industrial processes and the building industry. Meanwhile, the market for outdoor air quality control systems is characterized by the technology used in air filtration systems.
The COVID-19 outbreak has had a significant impact on the air quality monitoring system industry. The virus has spread rapidly in various countries, disrupting the supply chain and affecting people’s lives. This outbreak is expected to reduce COVID-19 cases, and the market is expected to recover by the start of 2022. The market for air quality control system solutions will be dominated by the industrial sector, but growth will depend on the type of air pollution and the level of technological development in each region.
According to Growth Market Reports, the air quality control system market is expected to grow at a substantial growth rate. The competitive landscape of air quality control system market provides a comprehensive study of key players, their business strategies, and recent developments. The study covers key market drivers, production and revenue analysis, new market initiatives, and company strength. It also considers key industry trends and upcoming projects. It offers comprehensive insights into market size, application niches, and company dominance. It also includes information on key competitors and their strategies, including product launches and market share.
Regional segments of the air quality control system market are also covered in the report. Regional segmentation covers air quality control system market size in North America, Latin America, Europe, the Middle East, Africa, and Asia Pacific. Detailed segmentation of the market allows companies to gauge their competitive strengths and weaknesses in the various regions. The report also highlights key opportunities and challenges faced by players. For example, the competitive landscape in North America is highly fragmented.
Leading air quality control system market players focus on contract growth. They serve various industries, have a global presence, and have acquired a majority of contracts with end user industries. To understand how to best position themselves in the market, companies need to understand the different factors that drive growth. These companies are positioned in strategic locations to reach the widest possible audience. In addition, the report also identifies major competitors and their business structures.
The global air quality control system market is fragmented across a variety of industries. The biggest share of the market was held by the coal fired power generation industry. Because coal is the largest source of energy in the world, large-scale coal use pollutes the environment and contributes to global warming. Air quality control systems can reduce coal-fired power plant emissions and protect the environment from air pollution. Major players in the market include Alstom, in France, and Foster Wheeler in the United States. Other companies include Siemens Energy, Hamon RC, and KBR.
The competitive landscape of air quality monitoring systems is segmented by product type. This includes indoor and outdoor monitoring systems. In 2018, the outdoor monitoring systems segment dominated the market, owing to growing adoption of smart city infrastructure. The outdoor segment is further subdivided into fixed and portable systems. The latter has a larger share in the market, as they are installed in public places. There are a variety of air quality monitoring systems available in the market, and some of these devices are even compatible with air quality monitoring software.