Sarasota, FL -- (SBWIRE) -- 11/03/2017 -- According to the report, global air quality control system market was valued at around USD 65.49 billion in 2016 and is expected to reach approximately USD 92.38 billion in 2022, growing at a CAGR of slightly above 5.9% between 2017 and 2022.
Air quality control system (AQCS) is the systems used to minimize the quantity of pollutants produced during production operations heavy energy producing industries such as oil and gas refineries and coal-based power plants.Air contains harmful and toxic pollutants emitted from industries such as cement manufacturing, chemical processing, power generation, oil & gas refining among others.Air quality control systems are essential for maintaining a healthy indoor and outdoor environment.
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Rising demand for energy across the globe is the major factor which is driving the growth of the air quality control system market. Increasing awareness among consumers regarding pollution control and growing developments in pollution control technologies is escalating the growth of the air quality control system market. Government regulations and growing demand for innovative technologies will offer alluring opportunities in coming years for their quality control system market. However, increasing raw material prices and the fluctuation in prices of equipment are key challenges of the air quality control system market. Nonetheless, increasing demand for high-end technologies especially in cement manufacturing industry will offer significant growth for the air quality control system market.
The air quality control system market is segmented by technology and applications. By technology the market is divided into electrostatic precipitators, flue gas desulphurization(FGD), nitrogen oxide control systems, fabric filters, mercury control systems and others. Electrostatic precipitators a filtration device used for filtration and removes fine particles such as dust and smoke, from a flowing gas, using the force of an induced electrostatic charge minimally impeding the flow of gasses through the unit. Flue-gas desulfurization (FGD) is used to remove sulfur dioxide from exhaust flue gasses of fossil-fuel power plants.Nitrogen Oxide technology is used to control the emission of nitrogen oxides from various combustion surfaces such as in automobiles and various other non-road vehicles. Fabric filters is an air pollution control device that removes particulates out of air or gas released from commercial processes or combustion for electricity. Fabric filters and electrostatic precipitators are dominating segments of the AQCS market due to increased stringent emission regulations of particulate matters.Applications of the air quality control system market are chemicals, cement manufacturing, power generation, iron & steel, and others.Increasing demand for cement in the construction industry increases the amount of sulfur oxides and nitrogen oxides emitted into the atmosphere by cement manufacturing units. Hence, the cement industry is one of the major application segments of the air quality control system market.
Some of the prominent players in air quality control system market players include Alstom, Foster Wheeler, Babcock & Wilcox Company, H amon Research-Cottrell, Mitsubishi Hitachi Power systems America, KBR, ABB Ltd, Siemens Energy, and Burns & McDonnell, among others.
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