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The global market for AQCS was valued at $53 billion in 2013, and is poised to grow at a CAGR of 5.9% from 2014 to reach $79.5 billion by 2019. http://www.micromarketmonitor.com/market-report/air-quality-control-systems-reports-9489754251.html
(PRWEB) July 04, 2014
The air quality control systems (AQCS) are equipment used for separation of pollutants from the exhaust air in the industries. The report covers the global AQCS market in major geographical regions that include Asia-Pacific, Europe, the Americas, the Middle East, and Africa, under different technologies of AQCS, which mainly include Flue Gas Desulphurization (FGD), Electrostatic precipitators (ESP), Fabric filters, scrubbers, NOx ¬control systems, and mercury control systems. Globally, the market for AQCS is majorly driven by stringent emission control regulations put forth by various developed and developing countries considering the air quality deterioration. The global market for AQCS was valued at $53 billion in 2013, and is poised to grow at a CAGR of 5.9% from 2014 to reach $79.5 billion by 2019.
Browse through the market data tables, figures and detailed ToC on the Air Quality Control Systems Market.
Asia-Pacific Air Quality Control Systems Market
Asia-Pacific is the fastest-growing region for the AQCS with the rapid industrial development and regulations imposed by government to reduce the emissions from the industries. The power generation industry is the main driver for the AQCS market in this region. The countries such as India and China are mostly dependent on the coal-fired power generation. There is a huge market for new installation of AQCS in coal-fired power plant. Besides the industries, such as iron & steel, cement manufacturing, and paper and pulp have increased in the recent years, which create a market for new installation of AQCS. The Asia-Pacific had a largest share of around 56% in the global AQCS market in 2013. The Asia-Pacific is expected to grow at a rate of 6.7% and reach $46,859.8 million by 2019, from an estimated $33,953.8 million in 2014.
Europe Air Quality Control Systems Market
The European region has more stringent emission regulations as compared to other regions. The European commission has enforced environmental regulations, which aim to reduce the emissions from the industries. Standards are being developed by the commission to reduce the emissions of sulfur oxide, nitrogen oxide, particulate matter, and toxic pollutants. Germany holds the major share of 32% of the total European AQCS market in 2013. The demand for AQCS has increased in developed European countries, as the European commission enacted new regulation for emission of particulate control, nitrogen oxides, and sulfur oxides among others. The Europe had a third largest share of around 17% in the global AQCS market in 2013. The Europe is expected to grow at a rate of 5.3% and reach $13,207.8 million by 2019, from an estimated $10,191.5 million in 2014.
Americas Air Quality Control Systems Market
Americas is the second-largest market for the AQCS with the consolidated industrial development in North America and rapid industrialization in Latin America, and the regulations imposed by government to reduce the emissions from the industries. The power generation industry, among others is the main driver for the AQCS market in this region. The countries such as the U.S. are shifting from coal-based power generation to gas-based power generation. There is enough market for new installation of AQCS in gas-fired power plant also. The demand for mercury control systems is spurred in the U.S. due to MATS regulations being imposed by the U.S. government. Besides, the industries such as iron & steel, chemicals, and paper and pulp have increased in the recent years which create a market for new installation of AQCS. The Americas had a share of around 22% in the global AQCS market in 2013. The Americas is expected to grow at a rate of 4.6% and reach $16,162.6 million by 2019, from an estimated $13,207.8 million in 2014.
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