Global Air Quality Control Systems Market, By Technology (Flue Gas Desulfurization (FGD), Electrostatic Precipitators, Nitrogen Oxide (NOx) Control Systems, Scrubber, Fabric Filters and Mercury Control Systems), Product Type (Indoor and Ambient), Pollutant Type (Gas, Volatile Organic Compound, Dust and Others), Application (Tunnels, Air Terminals, Underground Garages, Public Transportation Systems, Air Pollution Control, Automobile and Others), End User Industry (Powertrain Management, Energy and Power, Mining, Agriculture, Semiconductor, Medical and Pharma, Commercial and Residential, Transportation and Others) – Industry Trends and Forecast to 2030.
Air Quality Control Systems Market Analysis and Size
Air quality control systems are a combination of technological equipment and software that enable keeping a check the environmental pollution and regulating it. The air quality control systems help to filter out the contaminants by filtering them or converting them to less harmful contaminants.
Data Bridge Market Research analyses that the global air quality control systems market which was USD 23,361 million in 2022, is expected to reach USD 1,57,362.04 million by 2030, and is expected to undergo a CAGR of 5.70% during the forecast period 2023-2030. This indicates the market value. “Flue Gas Desulfurization (FGD)” accounts for the largest type segment in the respective market owing to the increase in prevalence of unforeseen diseases. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Air Quality Control Systems Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customisable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Technology (Flue Gas Desulfurization (FGD), Electrostatic Precipitators, Nitrogen Oxide (NOx) Control Systems, Scrubber, Fabric Filters and Mercury Control Systems), Product Type (Indoor and Ambient), Pollutant Type (Gas, Volatile Organic Compound, Dust and Others), Application (Tunnels, Air Terminals, Underground Garages, Public Transportation Systems, Air Pollution Control, Automobile and Others), End User Industry (Powertrain Management, Energy and Power, Mining, Agriculture, Semiconductor, Medical and Pharma, Commercial and Residential, Transportation and Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
GENERAL ELECTRIC COMPANY (U.S.), DAIKIN INDUSTRIES, Ltd. (Japan), MANN+HUMMEL (Germany), Fujian Longking Co., Ltd. (China), Siemens (Germany), Emerson Electric Co. (U.S.), SHARP CORPORATION (Japan), Honeywell International Inc. (U.S.), HORIBA, Ltd. (Japan), Hach (U.S.), Aeroqual (New Zealand), Thermo Fisher Scientific Inc. (U.S.), 3M (U.S.), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Donaldson Company, Inc. (U.S.), Babcock and Wilcox Enterprises, Inc. (U.S.), ElexIndia (India), GEA Group Aktiengesellschaft (Germany), S.A. HAMON (Belgium), Thermax Limited (India)
|
|
Market Opportunities
|
|
Market Definition
Air Quality Control Systems have become of high use across numerous businesses and corporations to decline the potential liability when their personnel travel. Air Quality Control Systems majorly covers accidental death and dismemberment, along with medical benefits such as sickness. These policies may even be extended to include coverage for employees working on-site.
Global Air Quality Control Systems Dynamics
Drivers
- Unexpected Emergency Medical Evacuation
The rise in the demand for business travel accident (BTA) insurance as it offers security and safety during unexpected emergency medical evacuation for employees acts as one of the major factors driving the Air Quality Control Systems market. This covers companies against financial uncertainties that may arise from unfortunate instances such as accidents, baggage, flight cancellation, injuries and loss of baggage.
- Global Economic Growth
The rise in the economic growth along with transformation of trade practices accelerate the market growth. The increase in popularity of price comparison applications and websites and trend of multi-trip policies have positive impact on the market.
Opportunity
- Stringent Environmental Regulations
Governments around the world are imposing stricter regulations to control air pollution. This creates a significant market opportunity for companies providing AQCS solutions, as industries need to comply with these regulations or face fines and penalties
Restraint/Challenge
- High Cost
On the other hand, high cost associated with the quality Air Quality Control Systems is expected to obstruct market growth. Also, lack of awareness among business owners toward travel insurance policy is projected to challenge the global air quality control systems market in the forecast period of 2023-2030.
This global air quality control systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on global air quality control systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In June 2022, Hexagon, a multibillion dollar market leader in sensor, software, and digital reality solutions, is supporting start-ups to boost productivity and ESG. Hexagon Manufacturing Intelligence Division awarded SmartParts and RIIICO recognition. The manufacturing sector's efficiency and sustainability will rise thanks to the open innovation platform's assistance in scaling startups and expanding connectivity with top-tier businesses
- In June 2022, Construct Helix was introduced by Bentley Acceleration Initiatives, the company's internal incubator for strategic investments. Bentley Systems is a provider of infrastructure engineering software. By offering SaaS solutions that will enable a connected data environment, it is specifically designed to digitalize the flow of construction project workflows
Global Air Quality Control Systems Market Scope
The global air quality control systems market is segmented on the basis of type, distribution channel and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Single Trip Coverage
- Annual Multi-Trip Coverage
- Others
Distribution Channel
- Insurance Company
- Insurance Broker
- Banks
- Insurance Aggregators
- Others
End User
- Corporations
- Government
- International Travelers
- Employees
Global Air Quality Control Systems Market Regional Analysis/Insights
The global air quality control systems market is analysed and type, distribution channel and end user as referenced above.
The countries covered in the global air quality control systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the global air quality control systems market due to the rise in expansion of businesses and large market share of the UK and Germany.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2023 to 2030 because of the surge in investments and increase in travel in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Air Quality Control Systems Market Share Analysis
The global air quality control systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global air quality control systems market.
Some of the major players operating in global air quality control systems market are
- GENERAL ELECTRIC COMPANY (U.S.)
- DAIKIN INDUSTRIES, Ltd. (Japan)
- MANN+HUMMEL (Germany)
- Fujian Longking Co., Ltd. (China)
- Siemens (Germany)
- Emerson Electric Co. (U.S.)
- SHARP CORPORATION (Japan)
- Honeywell International Inc. (U.S.)
- HORIBA, Ltd. (Japan)
- Hach (U.S.)
- Aeroqual (New Zealand)
- Thermo Fisher Scientific Inc. (U.S.)
- 3M (U.S.)
- Mitsubishi Hitachi Power Systems, Ltd. (Japan)
- Donaldson Company, Inc. (U.S.)
- Babcock and Wilcox Enterprises, Inc. (U.S.)
- ElexIndia (India)
- GEA Group Aktiengesellschaft (Germany)
- S.A. HAMON (Belgium)
- Thermax Limited (India)
SKU-