Market Size of Asia-Pacific Air Quality Control System Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.55 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Air Quality Control System Market Analysis
Asia-Pacific Air Quality Control System Market is projected to register a CAGR of over 4.55% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.
- Over the medium term, factors, such as the development of industrial infrastructure, coupled with government-led initiatives to curb harmful emissions, are expected to provide impetus to the Asia-Pacific Air Quality Control Systems (AQCS) market.
- On the other hand, the renewable power generation capacity has increased significantly in the last decade, and a similar trend is expected to continue, in turn, increasing the share of renewables in Asia-Pacific power generation during the forecast period, which is likely to restrain the growth of the Asia-Pacific air quality control system in the coming years.
- Nevertheless, the High Efficiency, Low Emission (HELE) coal-fired power plants have been installed in countries such as China and India. This type of power plant requires high-efficiency AQCS to achieve low emissions. This is likely to open new avenues for advanced AQCS-related investments by the end-user industries during the forecast period.
- China is expected to be the significant market for AQCS during the forecast period.
