Air Quality Control Systems Market
The market for Air Quality Control Systems was estimated at $103 billion in 2023; it is anticipated to increase to $169 billion by 2030, with projections indicating growth to around $240 billion by 2035.
Global Air Quality Control Systems Market Outlook
Revenue, 2023
Forecast, 2033
CAGR, 2024 - 2033
The Air Quality Control Systems industry revenue is expected to be around $118.9 billion in 2024 and expected to showcase growth with 7.3% CAGR between 2024 and 2033. The worldwide market for Air Quality Control Systems has been on the rise due to increasing concerns regarding air pollution and its effects on health and the environment in years. In 2023, it was estimated to be worth around USD 103.2 billion. The projected compound annual growth rate (CAGR ) of 7.3% is expected to propel it to USD 169 billion by 2030 and USD 240 billion by 2035. These systems are crucial in mitigating air pollutants in various settings including industrial,residential and commercial areas, in order to meet regulatory standards and public health requirements.
Air filtration systems play a role in maintaining air quality by utilizing devices such as air purifiers and scrubbers to eliminate particles and pollutants from the environment based upon environmental regulations and rising public concern for air quality, around the globe.
Market Key Insights
- The Air Quality Control Systems market is projected to grow from $103.2 billion in 2023 to $209 billion in 2033. This represents a CAGR of 7.3%, reflecting rising demand across Industrial Emission Control, Transportation and Commercial and Residential Air Purification.
- Honeywell, Daikin, 3M are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Air Quality Control Systems market and are expected to observe the growth CAGR of 4.7% to 7.0% between 2023 and 2030.
- Emerging markets including Brazil, South Africa and Indonesia are expected to observe highest growth with CAGR ranging between 8.4% to 10.1%.
- Transition like Transition to Eco-Friendly Technologies is expected to add $7 billion to the Air Quality Control Systems market growth by 2030.
- The Air Quality Control Systems market is set to add $106 billion between 2023 and 2033, with manufacturer targeting Dust Collectors & Scrubbers Product Type projected to gain a larger market share.
- With Rising environmental regulations, and Growing public health concerns, Air Quality Control Systems market to expand 102% between 2023 and 2033.