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How has the air quality control system market grown over the years?

In the past few years, the market size for air quality control systems has witnessed substantial growth. Projection indicates that it will expand from $120.67 billion in 2024 to $127.11 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. This growth during the historic period is due to strict environmental laws, increasing health impacts awareness, industrial expansion and urbanization, global initiatives to fight climate change, concerns about healthcare expenses and productivity.

What Is the forecasted market size and growth rate for the air quality control system market?

The market size for air quality control systems is projected to experience robust growth in the coming years, reaching $156.01 billion in 2029 with a 5.3% compound annual growth rate (CAGR). This growth anticipated in the forecast period can be credited to the ongoing fortification of environmental regulations, increased focus on real-time monitoring, expansion of smart city projects, adoption of clean energy sources, and emphasis on health and wellness. Predominant trends during the forecast period encompass the incorporation of IoT and AI technologies, technology revolutions in control systems, innovations in air quality monitoring technologies, progression in sensor technology, and advances in data analytics and visualization.

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What are the major factors driving growth in the air quality control system market?

The escalating worries over the condition of indoor air are set to fuel the expansion of the air quality control system market. Indoor air quality (IAQ) pertains to the state of air within the premises of buildings and other structures, concentrating mainly on its impact on the comfort and health of occupants. Air quality control systems become instrumental in addressing and enhancing indoor air quality through the elimination of pollutants, managing ventilation, adjusting humidity, and overall enhancements to the indoor environment. As an example, the American Lung Association, a professional organization based in the US, disclosed in April 2023 that almost 36% of the country’s population, amounting to about 119.6 million Americans, still live in areas suffering from poor ozone or particle pollution levels. Therefore, the escalating worries over indoor air quality will indeed fuel the expansion of the air quality control system market.

What key areas define the segmentation of the global air quality control system Market?

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

Subsegments:

1) By Indoor: Air Purifiers, HVAC Systems, Air Quality Monitors

2) By Ambient: Industrial Air Quality Monitors, Outdoor Air Quality Sensors, Emission Control Systems

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What are the top market players propelling the growth of the air quality control system industry?

Major companies operating in the air quality control system market report are Siemens AG, General Electric Company, Thermo Fisher Scientific, Honeywell International Inc., 3M, Mitsubishi Hitachi Power Systems Ltd., Anguil Environmental Systems, Inc., ENVEA Group, Daikin Industries Ltd., Johnson Controls International PLC, Alstom SA, Camfil AB, ANDRITZ AG, GEA Group Aktiengesellschaft, MANN+HUMMEL Group, Donaldson Company Inc., Pall Corporation, Dürr AG, Thermax Limited, Babcock & Wilcox Enterprises Inc., Calgon Carbon Corporation, Clyde Bergemann Power Group, Doosan Lentjes GmbH, Balcke-Dürr GmbH, Fuel Tech Inc., Sierra Instruments Inc., Bühler Technologies GmbH, Foster Wheeler AG, Hamon Corporation

What are the key trends shaping the future of the air quality control system market?

Leading firms in the air quality control system market are concentrating on the creation of technologically advanced products, including the integration of smart IoT solutions into the AQCS system, as a way to solidify their market presence. IoT technology utilizes data gathered by IoT devices, drawing from individual or multiple sensors to derive broader insights. For example, in March 2023, Siemens AG, an automation and digitalization firm based in Germany, launched Connect Box via its subsidiary Siemens Smart Infrastructure (SI). This open-source, user-friendly IoT solution is designed to manage small to medium-sized buildings. Acting as the latest addition to the Siemens Xcelerator range, Connect Box presents a simple approach to monitor building performance, offering significant potential to enhance indoor air quality and optimize energy efficiency in buildings such as apartments, retail shops, schools, and small offices by upwards of 30%.

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What regions are dominating the air quality control system market growth?

Asia Pacificwas the largest region in the air quality control system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the air quality control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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