According to a recent report by MarketsandMarkets, the air quality control systems market will grown from an estimated US$ 58.7 billion in 2014 to US$ 78.0 billion by 2019, with a compound annual growth rate (CAGR) of 5.8% from 2014 to 2019.
The report ‘Air Quality Control Systems Market by Technology and Geography – Global Trends and Forecasts to 2019’ defines and segments the global air quality control systems market with analysis and forecasts of revenue.
Key findings are as follows:
Asia Pacific largest market for air quality control systems
The air quality control systems market in Asia Pacific is expected to grow at a CAGR of 6.7% between 2014 and 2019.
Regulation is the major factor that drives the air quality control systems market. Rapid industrialisation and the shifting of industries towards the Asia Pacific has led to exponential growth in industrial activities throughout the region, resulting in a huge amount of pollutants from emissions. This will increase the use of air quality control systems.
Coal fired power generation the biggest market by application
The coal fired power generation industry market accounted for the largest share of the total air quality control systems market in 2013. Large scale use of coal pollutes the environment with toxins. Air quality control systems are capable of drastically reducing air pollution emissions from coal fired power plants, creating huge demand for the systems.
The full report can be found on the MarketsandMarkets website.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09052014/air_quality_control_systems_501/
