Global Air Quality Control Systems Market to record Substantial growth at 4.42% by 2028
Inkwood Research puts forth that the Global Air Quality Control Systems Market is
projected to register a CAGR of 4.42% in terms of revenue during the
forecasting years of 2019-2028.
“Browse 63 Market Data Tables and 56 Figures spread over 240
Pages, along with an in-depth TOC on the Global Air Quality Control Systems Market Forecast
2019-2028.”
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Air quality control systems (ACQS) assist in providing
better indoor and outdoor air quality, through the filtration of harmful air
pollutants. They include control systems that minimize the ratio of air
contaminants, resulting from poisonous gases emitted from exhausts of power
plants. The harmful emissions may also include pollutants from other
industries, primarily fueled by fossil fuels.
The
Impact of Poor Air Quality on the Economy Facilitates the Market Growth
According to the report by Greenpeace Southeast Asia and the
Centre for Research on Energy and Clean Air, air pollution from fossil fuels,
gas, coal, and oil, results in three times more deaths, than road accidents,
worldwide. Moreover, the air pollution expenses are projected to equate to over
3% of the global Gross Domestic Product (GDP). Air pollution may impact the
economy in several forms, like, higher incidence of chronic respiratory
diseases, diabetes, and asthma, leading to diminished work capabilities, and
lower participation rates within the employment force. Moreover, the report
also stated that in 2018, the world’s economy incurred an expense of $200
billion, due to disabilities stemming from chronic ailments.
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Dust is
the Fastest-Growing Pollutant
Equipment like wet scrubbers, cartridge dust collectors,
baghouse filters, HEPA filters, and electrostatic precipitators are used for
dust emission control. According to a recent World Health Organization (WHO)
report, at least 30% of commercial avenues face indoor air quality challenges.
As a result, the presence of pollutants and several other contaminants within
industrial infrastructures adversely impact employees’ health. These health
consequences are termed as sick building syndrome (SBS). Moreover, the rise in
dust emission may also damage machines and other devices. Due to this,
enterprises are more likely to adopt various air quality filters to enhance
their equipment’s working efficiency and service life.
The Asia
Pacific – Dominating and Fastest-Growing Region by 2018
Increased consumer awareness regarding air filters and
verification of real-time air quality index by the governments and growing
environmental and health concerns, significantly fuel the region’s market
growth. The demand for air quality control systems is also attributed to the
rise in installation of oil and gas, and food processing plants, as they
increase the rate of pollutants released in the atmosphere.
Owing to high product differentiation, air quality control
systems suppliers develop technologies suitable for specific industry types,
reducing competition intensity. However, since the market’s firm concentration
is relatively low, the market experiences increased rivalry. As a result, the
overall intensity of industrial competition is predicted to be moderate. Key
players operating in the market are, Daikin Industries Ltd, Elex AG, Hamon
Group, Donaldson Company Inc, Horiba Ltd, etc.
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