Asia-Pacific Air Quality Control Systems Market Size, Share, and COVID-19 Impact Analysis, By Type (Fixed, Portable, Wearable, Indoor, Outdoor) By End User (Residential, Government Agencies, Petrochemical, Smart City, Others), and Asia-Pacific Air Quality Control Systems Market Insights Forecasts to 2033

Industry: Semiconductors & Electronics

RELEASE DATE Jan 2024
REPORT ID SI3593
PAGES 200
REPORT FORMAT PathSoft

Asia-Pacific Air Quality Control Systems Market Size Insights Forecasts to 2033

  • The Asia-Pacific Air Quality Control Systems Market Size was valued at USD 75.68 Million in 2023.
  • The Market Size is Growing at a CAGR of 4.28% from 2023 to 2033.
  • The Asia-Pacific Air Quality Control Systems Market Size is Expected to Reach USD 115.03 Million by 2033.

Asia-Pacific Air Quality Control Systems Market

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The Asia-Pacific Air Quality Control Systems Market Size is Expected to Reach USD 115.03 Million by 2033, at a CAGR of 4.28% during the Forecast period 2023 to 2033.

 

Market Overview

The air quality monitoring system is a technological solution that measures and analyzes the quality of air in a specific location. To gather and analyze data on different air pollutants like particulate matter (PM), ozone (O3), nitrogen dioxide (NO2), sulfur dioxide (SO2), and carbon monoxide (CO), it usually consists of a network of sensors, instruments, and data processing tools. These systems help communities, businesses, governments, and environmental organizations understand and manage air quality by providing precise and up-to-date information on air pollution levels. Furthermore, It is critical to maintain air quality since the presence of toxic pollutants in the air is harmful to human health. These harmful pollutants also include pollution from various industries, including the production of electricity, cement, chemicals, and oil and gas refinement. Reducing these industrial exhaust gases is essential. Such gases and pollutants are treated by air quality control systems, which also aid in the release of cleaner air. Exhaust gases and harmful particle pollutants are directly released into the atmosphere in the majority of Asia's developing nations, including Vietnam, Thailand, and India, without first undergoing appropriate treatment. But this is quickly changing as stricter industrial emission laws and industry-wide efforts to improve environmental performance reflect growing environmental awareness.

 

Report Coverage

This research report categorizes the market for Asia-Pacific air quality control systems market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia-Pacific air quality control systems market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Asia-Pacific air quality control systems market.

 

Asia-Pacific Air Quality Control Systems Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 75.68 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:4.28%
2033 Value Projection:USD 115.03 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Type, By End User, and COVID-19 Impact Analysis
Companies Covered: Babcock & Wilcox Enterprises Inc., Mitsubishi Hitachi Power Systems Ltd, General Electric Company, Horiba Ltd, Andritz AG, Fujian Longking Co. Ltd, Thermax Ltd, John Wood Group PLC, Gea Bischoff, Hamon Corporation, Others, and
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

The major players in the air quality control systems market concentrate on expanding their technologies and air quality equipment. Through having a broad geographic presence, innovative technologies allow businesses to secure contracts and agreements with the primary goal of serving various industry sectors. Furthermore, coal is Asia-Pacific's largest source of energy for electricity generation. Global warming is caused by the extensive use of coal, which contaminates the environment with pollutants. Because coal-fired power plants can significantly reduce their emissions of air pollution, there is a great demand for air quality control systems in Asia Pacific. In addition, the Asia-Pacific air quality control systems market is currently in various stages of development. There are a variety of market opportunities in the Asia-Pacific region for various types of technologies. The market is linked to the fast-paced urbanization and industrialization of developing nations like China and India. To effectively reduce the emissions from these industries, government and regulatory bodies in these regions are putting strict regulations into place.

 

Restraining Factors

The Asia Pacific market's expansion has been hampered by the high cost of air quality monitors. Because of continuous technological advancement, it is anticipated that the cost of air quality monitors will decline during the forecast period.

 

Market Segment

 

  • In 2023, the indoor segment accounted for the largest revenue share over the forecast period.

Based on the type, the Asia-Pacific air quality control systems market is segmented into fixed, portable, wearable, indoor, and outdoor. Among these, the indoor segment has the largest revenue share over the forecast period. The increasing demand for pollution-free indoor environments, public awareness campaigns about the health consequences of indoor air pollution, increased adoption of smart home and green-building technologies, and increased installation of AQM stations are all contributing factors. Government rules requiring the routine monitoring of indoor air quality in workplaces and the commercialization of cutting-edge AQM technologies further support market expansion.

 

  • In 2023, the government agencies segment accounted for the largest revenue share over the forecast period.

On the basis of end user, the Asia-Pacific air quality control systems market is segmented into residential, government agencies, petrochemical, smart city and others. Among these, the government agencies segment has the largest revenue share over the forecast period. The significant portion of this market can be ascribed to various factors, including the existence of strict environmental regulations requiring industries to adopt air pollution monitoring products, the growth in research partnerships, the rise in government funding for efficient air quality management and air pollution control, and the expansion of AQM station installations across the globe.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia-Pacific air quality control systems market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Babcock & Wilcox Enterprises Inc.
  • Mitsubishi Hitachi Power Systems Ltd
  • General Electric Company
  • Horiba Ltd
  • Andritz AG
  • Fujian Longking Co. Ltd
  • Thermax Ltd
  • John Wood Group PLC
  • Gea Bischoff
  • Hamon Corporation
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In November 2022, The Commission for Air Quality Management (CAQM) in Delhi-NCR collaborates with academic institutions to prevent, mitigate, and control air pollution. The Autonomous Drone Swarm Framework for real-time air quality monitoring, an AI-based vehicle counting tool, and a Decision Support System (DSS) for managing air quality in Delhi and surrounding areas are among the seven proposals that the commission has approved after thorough technical and financial analysis.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Asia-Pacific Air Quality Control Systems Market based on the below-mentioned segments:

 

Asia-Pacific Air Quality Control Systems Market, By Type

  • Fixed
  • Portable
  • Wearable
  • Indoor
  • Outdoor

 

Asia-Pacific Air Quality Control Systems Market, By End User

  • Residential
  • Government Agencies
  • Petrochemical
  • Smart City
  • Others

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