Market Size of Industrial Air Quality Control Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.55 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Air Quality Control Systems Market Analysis
The market for industrial air quality control systems is expected to register a CAGR of approximately 4.55% during 2022 - 2027. The COVID-19 pandemic has had a negative impact on the industrial air quality control systems market due to the shutdown of various industries and power generation plants worldwide. Major factors driving the market are the growing awareness among consumers, stringent air quality control regulations, and increasing awareness among the common mass to mitigate health risks. However, the emergence of alternative and renewable sources of energy with zero emissions and high capital required for the installation of an air quality control system is expected to hinder the growth of the market studied.
- The power generation sector is dominating the market with significant growth during the forecast period, owing to the increasing pollution and growing industrialization.
- Retrofitting old industries with air quality control systems to meet stringent regulatory norms set up by the government will be a great opportunity in the future.
- Asia-Pacific is the fastest growing region, with countries like China and India, with growing industrialization and construction activities leading to the increasing demand for air quality control systems.
