Air Quality Control Systems Market Scope & Overview:

The Air Quality Control Systems Market size was estimated at USD 79.5 billion in 2023 and is expected to reach USD 123.49 billion by 2031 at a CAGR of 5.66% during the forecast period of 2024-2031.

Air quality control systems are solutions for removing dangerous particles from both outdoor and indoor air. Manufacturing businesses such as power plants, automotive, mining, medical, and pharmaceutical, among many others, emit pollutants. As a result, air quality control systems (AQCS) provide solutions for managing and handling air, gases, and contaminants in order to deliver cleaner air discharge. Air quality control systems use air filters, scrubbers, electrostatic precipitators, and other goods to keep the air clean.

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These factors are propelling the market for air quality control systems forward. Also, the growing demand for air filtering systems in the medical and pharmaceutical industries is driving up demand for global air quality control systems. Additionally, as a result of growing industry and urbanization, the global reduction in air quality has become a major issue. As a consequence, countries like China, India, and others are attempting to reduce air pollution. As a result, the market for air quality control systems as a whole is growing. On the contrary, the market is expected to be hampered by the systems' high initial and ongoing costs. Moreover, the power generation industry is shifting away from the use of coal-fired power plants, which are the principal users of air filtering systems. Put a stop to the spread of fly ash. As an outcome, the reduced number of coal power plants is inhibiting the growth of the air quality control systems market over the forecast period.

MARKET DYNAMICS

DRIVERS

• Concerns about regulatory compliance, health, and the environment

To achieve compliance requirements, strict emissions restrictions and air quality standards promote the adoption of AQCS technologies. As people become more conscious of the health and environmental consequences of air pollution, there is a greater demand for effective AQCS solutions.

RESTRAIN

• High Initial expenditures AQCS system deployment can include considerable upfront expenditures for technologies, installation, and maintenance.

• Technological Difficulties Integrating AQCS technologies into existing industrial processes can be difficult, necessitating expertise and perhaps causing interruptions.

• Change Resistance Some sectors may be hesitant to implement AQCS systems due to worries about operational changes and associated productivity implications.

OPPORTUNITY 

• Sensor technology, data analytics, and artificial intelligence (AI) improvements provide prospects for more advanced and accurate AQCS solutions.

• Collaboration with industry to build bespoke AQCS solutions can result in mutually beneficial collaborations.

• Global Growth Opportunities for AQCS Technology Vendors may expand globally as air quality issues become more prominent.

CHALLENGES

• Installation and management of large databases.

• Diverse Industry Requirements

• Constantly Changing Regulations

• Economic Factors

IMPACT OF RUSSIA-UKRAINE WAR

Following a number of armed conflict warnings and months of preparations by Russia, 200,000 Russian troops gathered just outside Ukrainian borders, and a statement by Russia's political leader was issued on February 21, followed by a few days of escalation (21-23 February 2022), during which Russian military forces began a special military operation in Ukraine on February 24, 2022. As a result, for this study, we do not consider the days preceding the invasion to be normal conditions but rather the early days of war. The Russian army's advances were greeted with fierce opposition from the Ukrainian army and citizens. Because of the incessant bombing, shelling, and gunfire, as well as the devastation of water supply, electricity, and other facilities, in six months.

According to the United Nations (UN) migration agency, an estimated 6.5-7 million people were internally displaced as a result of the conflict, while about 3.5–5 million people fled Ukraine as war refugees. While some people have returned, a huge portion of the populace is still attempting to flee. According to World Bank estimates and projections, the war and resulting infrastructure destruction will set Ukraine's economy back by 45%. However, depending on the length and intensity of the battle, the level of economic harm may worsen. As a result, harmful air pollution is emitted for an extended period of time, as smoke stacks are recorded from many sections of the country, potentially affecting human and environmental health in the near term.

GSMSG first assembled a 10-person combat surgery team, which reached Ukraine nine days after Russia invaded. Their mission was to train any interested and capable Ukrainian citizen in combat casualty care, to provide combat trauma care training and surgical support to the civilian Ukrainian medical system, and to provide combat care training to Ukrainian military personnel and military physicians. GSMSG rotated additional teams of surgeons with experience in trauma, surgical critical care, burn, plastics, orthopaedics, vascular, and neurosurgery. GSMSG rotated additional teams of surgeons with experience in trauma, surgical critical care, burn, plastics, orthopaedics, vascular, and neurosurgery. GSMSG also created a collaboration with the Ukrainian Armed Forces, Ukrainian Special Operations Forces (UKRSOF), and Ukrainian Special Surgical Groups, with the support of the Ukrainian Ministry of Defense and Ministry of Health, to offer damage control surgery as close to the scene as possible. as 0.5 kilometers from active action with Russian forces. Since their arrival in Ukraine, GSMSG team members have trained over 20,000 Ukrainian civilians and military personnel. They have also provided surgical support to over 300 patients, some of whom are within 10 kilometers of the battle lines.

IMPACT OF ONGOING RECESSION

Due to financial uncertainty, they avoided any non-essential expenses. This has an effect on the global demand for air purifiers. As an outcome, the supply and demand sides of the air quality control system market suffered. CO2 emissions from industrial processes and energy combustion increased by 0.9%, or 321 Mt, to a record 36.7 Gt. In China, the industrial sector contributes approximately half of CO2 emissions, transportation accounts for 8%, and power accounts for 40%. The Chinese market for air quality control systems is likely to be large.

KEY MARKET SEGMENTATION

By Product Type

• Indoor

• Ambient

By Pollutant Type

• Gas

• VOC

• Dust

• Others

By Application

• Tunnels

• Air Terminals

• Underground Garages

• Public Transportation Stations

• Air Pollution Control

• Automobile

• Others

By End-User Industry

• Powertrain Management

• Energy & Power

• Mining

• Agriculture

• Semiconductor

• Medical & Pharma

• Commercial & Residential, 

• Transportation    

• Others   

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REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

REGIONAL ANALYSES

North America has a substantial market share due to the presence of important manufacturers in the region. Manufacturers such as Thermo Fisher Scientific, 3M Company, Emerson Electric, Teledyne Technologies, Honeywell, and others have dominated the regional market for AQM systems. Thermo Fisher Scientific, a global leader in science services, has introduced the new Thermo Scientific AerosolSense Sampler, a surveillance instrument designed to deliver extremely reliable insight for in-air viruses like SARS CoV-2. The AerosolSense Sampler collects ambient air aerosol samples and traps a variety of illnesses in the air on a predetermined collection substrate. Thermo Fisher Scientific developed the AerosolSense Sampler to identify numerous in-air diseases, and it has been mostly validated for the SARS CoV-2 infection. Furthermore, because of increased client preference, The United States has an impact on the regional clean air market.

The air quality monitoring system market in Asia-Pacific is predicted to develop the fastest over the forecast period. Increased expenditure by various regional governments on air quality monitoring efforts, expanding penetration of cutting-edge environmental monitoring technologies, and modernization of industrial and commercial facilities are all factors contributing to the region's high CAGR. Public infrastructures as a result of a considerable increase in disposable income among the middle-class population and an expansion in Asian countries' GDPs.

Key Players

The major key players are Thermo Fisher Scientific, Emerson Electric,GE Healthcare, Siemens AG, Teledyne Technologies,  3M Company, HORIBA, Ltd., Merck KGaA, PerkinElmer, Inc., Agilent Technologies, Inc., Spectris plc, Honeywell International Inc , TSI Incorporated , Tisch Environmental Inc,  Testo and Other Players

Thermo Fisher Scientific-Company Financial Analysis

RECENT DEVELOPMENT

Siemens AG: In March 2023, Siemens AG introduced Connect Box, an open and simple-to-use IoT solution for managing small to medium-sized buildings.

Thermo Fisher Scientific: In January 2023, The acquisition of the Binding Site Group by Thermo Fisher Scientific will aid in the expansion of the company's existing specialty diagnostics business.

Teledyne Technologies: In January 2023, Teledyne Technologies Incorporated bought ChartWorld, increasing the Teledyne Marine segment's portfolio. Teledyne now offers electronic navigation charts and other value-added software information services to vessel pilots, owners, and operators directly.