Market Size of Europe Industrial Air Quality Control Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 0.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Industrial Air Quality Control Systems Market Analysis
The Europe industrial air quality control systems market is expected to grow from USD 8.5 billion in 2023 to USD 8.74 billion by 2028, at a CAGR of 4.54% during the forecast period (2023-2028).
- Over the long term, the European Union's policy on air quality aims to develop and implement appropriate instruments to improve air quality. Consumer awareness, stringent air quality control regulations, and growing end-user industries are major factors driving the market.
- On the other hand, the emergence of alternative and renewable energy sources with reduced/zero emissions and high capital required for installing an air quality control system is expected to hinder the growth of the market studied.
- Nevertheless, retrofitting the existing plants provides tremendous opportunities for European industrial air quality control systems during the forecast period.
- Germany is expected to witness significant growth over the forecast period owing to its growing dependence on the industrial sector.
