Europe Industrial Air Quality Control Systems Market Size Grows at Steady CAGR of 3.14%
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe industrial air quality control systems market size at USD 8.65 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe industrial air quality control systems market size to grow at a CAGR of 3.14% reaching a value of USD 10.58 billion by 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe industrial air quality control systems market size at USD 8.65 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe industrial air quality control systems market size to grow at a CAGR of 3.14% reaching a value of USD 10.58 billion by 2029. The driving factors of the Europe industrial air quality control systems market include stringent environmental regulations and emission standards, growing awareness of the health hazards associated with air pollution, increased industrialization and manufacturing activities, a shift towards cleaner and sustainable energy sources, technological advancements in air quality control systems, and the need to reduce greenhouse gas emissions. Also, rising public concern for cleaner air and the adoption of innovative air quality monitoring solutions are propelling the demand for these systems in Europe, creating a thriving market for companies involved in air quality control technology and services.
Europe Industrial Air Quality Control Systems Market – Overview
COVID-19 pandemic exerted a significant impact on Europe's industrial air quality control systems market. As lockdowns and restrictions curtailed industrial activity, demand for air quality control systems dipped in sectors, such as manufacturing and energy. However, the heightened focus on health and environmental concerns during the crisis led to increased awareness and investments in air quality improvement technologies. Post-pandemic, the market has shown resilience, with a growing emphasis on cleaner and safer industrial operations. Remote monitoring and digital solutions also gained prominence to adapt to a more dynamic and sustainable industrial landscape in Europe.
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Impact of COVID-19 on Europe Industrial Air Quality Control Systems Market
Europe industrial air quality control systems market witnessed a significant upturn during the COVID-19 pandemic. However, supply chain disruptions and production challenges led to occasional shortages. Despite these obstacles, the Europe industrial air quality control systems market adapted and thrived, with both established brands and new entrants capitalizing on changing consumer preferences and bolstering sales throughout the pandemic.
Europe Industrial Air Quality Control Systems Market – By Emission
By emission, Europe industrial air quality control systems market is divided into Nitrogen Oxides (NOx), Sulphur Oxides (SO2), and Particulate Matter (PM) segments. The NOx control segment addresses nitrogen oxide emissions, often linked to combustion processes. SO2 control targets the reduction of sulfur dioxide emissions, prevalent in industrial operations. The particulate matter (PM) segment concentrates on controlling and reducing airborne particles generated during manufacturing and industrial activities. These segments collectively contribute to enhanced air quality management across the industrial landscape in Europe, fostering a cleaner and more sustainable environment.
Competitive Landscape
Europe industrial air quality control systems market is fiercely competitive. Major companies in the market include John Wood Group PLC, Andritz AG, John Cockerill Group, Operational Group Limited, Munstermann GmbH & Co. KG, Alfa Laval AB, GEA Group Aktiengesellschaft, Wärtsilä Corporation, SGL Carbon SE, EKW Ceramics, Morgan Advanced Materials, 3M Company, Siemens AG, Bosch Group, and ABB Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Europe industrial air quality control systems market.
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