San Francisco, 24 December
2018: The
Report Industrial Air Filtration Market Analysis By Product (Dust Collectors, Mist
Collectors, HEPA Filters, Cartridge Collectors & Filters, Baghouse
Filters), By End-Use (Cement, Food, Metals, Plastic, Power), By Region, And
Segment Forecasts, 2018 - 2025
According to a report by Grand
View Research, Inc., global industrial air filtration market is anticipated to
value USD 6.08 billion by 2025. Growing need to maintain quality of indoor and
outdoor air across end-use facilities is anticipated to impel demand for air
filtration over the forecast period (2014 to 2025). Air filtration is expected
to remove contaminants from the air and improve its quality.
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| Industrial Air Filtration Market |
Rising demand for advanced
filtration techniques to protect distribution network and equipment and reduce
maintenance cost can influence market growth. Increasing use of air filters in
air conditioning and handling units to remove contaminants from indoor and
outdoor air can stimulate growth of market. Stringent guidelines pertaining to
health and safety in manufacturing companies can drive market growth. Growing
adoption of advanced products offering high performance and efficiency to
enhance sales can spur growth of market. Rapid growth of industrialization and
rising environmental concerns are estimated to impel market growth.
Technological advancements in air filters by manufacturing companies to enhance
energy efficiency can spur growth of market. Increasing use of air filters in
metal processing units owing to presence of fumes, dust, and vapors can impel
market growth over the forecast period. Developments of innovative raw
materials like small fibers to manufacture air filters can create lucrative
opportunities for the market.
Access Research Report of Industrial Air Filtration
Market@ www.grandviewresearch.com/industry-analysis/industrial-air-filtration-market
The worldwide industrial air
filtration market can be segregated on the basis of product, end-use, and
region. Based on product, the market can
be categorized into baghouse filters, mist collectors, dust collectors, high
frequency particulate air (HEPA) filters, and cartridge collectors &
filters. In 2015, HEPA filters segment accounted for 20% of overall revenue
share. It is expected to grow at similar pace over the forecast period. Use of
HEPA filters is expected to reduce or eliminate toxins, radioactive particles,
and airborne bacteria and viruses from the air. Hence, these filters can be
used in hospitals, pharmaceutical laboratories, and nuclear plants to offer
sterile environment.
Based on end-use, the market
can be classified into pharmaceuticals, power, cement, agriculture, food,
metals, plastic, woodworking and paper & pulp, and others. In 2015, food
segment account for 15% of overall revenue share. The segment is predicted to
witness significant growth during the forecast period. Rising concerns related
to cross contamination and sanitary regulations in food processing sector can
propel demand for air filters.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/hvac-and-construction-technologies
Similarly, power segment
accounted for 10% of overall revenue share in 2015. The segment is expected to
grow at steady pace over the forecast period. Use of air filters in power
generation sector can enhance efficiency.
Regional segmentation includes
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
In 2015, Europe region dominated the market and accounted for 25% market share
in terms of revenue. The region is expected to witness substantial market
growth over the forecast period. Diversification of food sector in the region
attributed to presence of various small scale business can impel market growth.
Stringent government regulations pertaining to harmful emissions from various
manufacturing processes can drive demand for air filters. This, in turn, can
boost market growth in the region.
On the contrary, Asia Pacific
region held 20% of overall market share in 2015. The region is anticipated to
witness significant growth during the forecast period. Growth of
pharmaceutical, food processing, and metal processing sectors can augment regional
growth in the forthcoming years. In addition, supportive initiatives from local
governments coupled with rise in foreign direct investments can drive growth of
market in the region. Moreover, rising penetration of manufacturing facilities
to China to reduce manufacturing expenses can spur regional growth during the
forecast period.
Some of the leading companies
operating in the market for industrial air filtration are General Electric,
Andrew Industries Limited, Ingersoll Rand PLC, Atlas Copco, and Gardner Denver.
Most companies are likely to adopt business strategies like acquisitions and
mergers to expand their product portfolio. In addition, companies are expected
to invest in R&D activities to develop advanced air filters to gain
competitive edge over others.
Access
Press Release of Industrial Air Filtration
Market@ www.grandviewresearch.com/press-release/global-industrial-air-filtration-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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