The Air Quality Control System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Air Quality Control System Global
Market Report 2024, The air quality control system market size has grown
strongly in recent years. It will grow from $114.45 billion in 2023 to $120.67
billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The
growth in the historic period can be attributed to stringent
environmental regulations, rising awareness of health impacts, industrial
growth and urbanization, global efforts to combat climate change, healthcare
costs and productivity concerns.
The air quality control system market size is expected to see strong growth in
the next few years. It will grow to $148.11 billion in 2028 at a compound
annual growth rate (CAGR) of 5.3%. The
growth in the forecast period can be attributed to continued strengthening of
environmental policies, growing emphasis on real-time monitoring, expansion of
smart cities initiatives, adoption of renewable energy sources, health and
wellness prioritization. Major trends in the forecast period include
integration of iot and ai technologies, technological innovations in control
systems, advancements in air quality monitoring technologies, sensor technology
advancements, data analytics and visualization.
Growing concerns about indoor air quality are expected to propel the growth of
the air quality control system market. Indoor air quality (IAQ) refers to the
quality of the air within and surrounding buildings and other structures, with
a focus on how it affects the comfort and health of building inhabitants. Air
quality control systems offer comprehensive solutions for addressing and
improving indoor air quality by removing pollutants, controlling ventilation,
regulating humidity, and enhancing overall indoor environmental quality. For
instance, in December 2023, according to the World Health Organization (WHO), a
Switzerland-based intergovernmental organization working to promote health,
household air pollution was linked to an estimated 3.2 million annual
fatalities, including approximately 237000 deaths of children under the age of
five in 2020. Additionally, in April 2023, according to the American Lung
Association, a US-based professional organization, 119.6 million Americans, or
almost 36% of the country's population, continue to reside in areas with
unfavorable ozone or particle pollution ratings. Therefore, the growing
concerns about indoor air quality will drive the growth of the air quality
control system market.
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The air quality control system market covered in this report is segmented –
1) By Product Type: Indoor, Ambient
2) By Pollutant Type: Gas, VOC, Dust,
Other Pollutant Types
3) By Application: Tunnels, Air Terminals, Underground Garages, Public
Transportation Stations, Air Pollution Control, Automobile, Other Applications
4) By End-User Industry: Powertrain Management, Energy ANd Power, Mining,
Agriculture, Semiconductor, Medical and Pharma, Commercial and Residential,
Transportation, Other End-User Industries
Major companies operating in the air quality control system market are focused
on developing products with advanced technologies, such as smart IoT solution
integration in the AQCS system, to strengthen their position in the market.
Internet of Things (IoT) solutions make use of data that is collected by IoT
devices, focusing on data from a single kind of sensor as well as several
sensors to uncover a wider variety of insights. For instance, in March 2023,
Siemens AG, a Germany-based automation and digitalization company, through its
subsidiary Siemens Smart Infrastructure (SI), introduced Connect Box, an
open-source, user-friendly Internet of Things solution for managing small to
medium-sized buildings. Connect Box, the newest product in the Siemens
Xcelerator line, is an easy-to-use method of tracking building performance that
has the potential to dramatically improve indoor air quality and maximize
energy efficiency in small to medium-sized buildings like apartments, retail
stores, schools, and small offices by up to 30%.
The air quality control system market report table of contents includes:
1. Executive Summary
2. Air
Quality Control System Market Characteristics
3. Air
Quality Control System Market Trends And Strategies
4. Air
Quality Control System Market - Macro Economic Scenario
5. Global
Air Quality Control System Market Size and Growth
.
32. Global Air Quality Control System Market Competitive Benchmarking
33. Global
Air Quality Control System Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Air Quality Control System Market
35. Air
Quality Control System Market Future Outlook and Potential Analysis
36.
Appendix
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