Industrial Air Filtration market size by Regional & application outlook, 2012 – 2023
Europe Industrial air filtration market size accounted for over 25% of the overall revenue in 2014. U.S. industrial air filtration industry is set to witness over USD 1.35 billion revenue by 2022.
Global Market Insights Inc. has announced a new study based report on Industrial air filtration market. The report predicts the market to witness growth in next few years. The key factor to drive the industry is strict norms to comply with various emission level standards.
Increasing investment in a wide array of technologies involved for improving the performance and quality is also likely to drive the growth. Industrial air filter systems improve the safety and health aspects of operating a system and enhance the supply reliability and manufacturing processes.
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Furthermore, an efficient filtration system reduces energy consumption considerably across a wide vertical of applications, and thus offering new opportunities for market growth.
Escalating product penetration with superior performance and efficiency features is likely to drive the demand during the forecast period. Growing infrastructure and industrial investment, together with rising awareness regarding environmental concerns among consumers is poised to further the growth over the predicted period.
Air needs to be filtered of the suspended matter and harmful substances before it is released across several industrial applications. Dust collector’s industry segment is expected to witness growth and hit USD 1.6 billion by 2022. Reduction in pressure drop and biological contaminant reduction in filter media is also projected to influence the demand in the near future. Industrial air filtration systems are also implemented to eliminate various kinds of air-borne contaminants from the different manufacturing stages. Furthermore, they minimize oil vapor, dust and odors. High-performance HEPA filters are likely to witness significant growth over the projected time frame.
HEPA filters market size is expected to foresee growth during the predicted time frame. These filters eliminate droplets, contaminants, and sub-micron particles through various techniques and diffusion process offer higher efficiency. This is likely to contribute in driving the market growth.
APAC, led by India and China regional segment is expected to dominate the industry and register growth at a CAGR of more than 9% by the year 2022.Growing demand across the end users segment is likely to drive the growth. Europe market is anticipated to exhibit substantial growth over the projected time frame. Strict regulations regarding emission standards are likely to play a crucial role in driving growth on regional scale.
Key market players include Donaldson, Camfil and Clarcor. Other few notable participants are Pall Corporation, AAF, SPX, Flanders Corp, Cummins Filtration, and Freudenberg Group.
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Posted by
Chetan Channe
on Tuesday December 20 2016, 8:32 AM EST.
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