Market Size of Air Quality Control System Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.55 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Air Quality Control System Market Analysis
The market for air quality control systems is expected to register a CAGR of approximately 4.55% during 2020- 2025. Major factors driving the market studied are the growing awareness among consumers, stringent air quality control regulations, growing end-user industries, and increasing awareness among common mass to mitigate health risks. However, the emergence of alternative and renewable sources of energy with reduced/zero emissions, and high capital required for the installation of air quality control system is expected to hinder the growth of the market studied.
- Power generation industry dominates the market and is expected to witness significant growth during the forecast period owing to the increasing pollution and growing industrialization.
- Retrofitting of old industrial plants with air quality control system to meet stringent regulatory norms set up by government is likely to acts as an opportunity in the future,
- Asia-Pacific dominated the market across the globe with the largest market being India & China owing to growing industrialization and construction activity leading to the increasing demand of air quality control system.
