Industrial Air Filtration Market Growth & Trends
The global industrial air filtration market size is anticipated to reach USD 11,279.8 million by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.0% from 2023 to 2030. Growing demand for high-performing, energy-efficient products and stringent industrial regulations such as Clean Air Act are expected to propel the demand over the forecast period.
Growing electricity consumption has resulted in the development of new power generation plants, which is expected to be a major factor positively influencing market demand for industrial air filtration equipment. Furthermore, the implementation of stringent government regulations to protect human health by limiting airborne pollutant concentrations will contribute to market growth.
Companies across the globe are turning towards sustainable alternatives such as green manufacturing in order to improve competitive advantage. Moreover, governments globally are collaborating with environmental organizations to develop standards to control harmful emissions, thereby contributing to market expansion.
Industrial air filtration systems improve the safety and health aspects of running a pressurized system, thus increasing supply reliability while lowering the risk of production loss. Furthermore, an efficient industrial air filtration system conserves energy by significantly lowering energy consumption in various industrial applications such as food, pharmaceutical, and agriculture.
Modern air filtration products help filtration plant managers and system designers reduce operating costs and save energy costs while meeting required quality standards. Rapid urbanization, resource scarcity, and growing environmental awareness are anticipated to drive the market over the forecast period.
Companies such as Honeywell International, Inc.; MANN+HUMMEL; and Daikin Industries, Ltd. are undertaking strategic acquisitions, partnerships, and product launches to strengthen their product portfolio. For instance, in March 2021, MANN+HUMMEL announced its strategic investment in Pamlico Air, thus driving value for MANN+HUMMEL’s air filtration business.
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Industrial Air Filtration Market Report Highlights
- HEPA filters led the market and accounted for over 29.5% share in 2022 owing to the presence of air filters with advanced efficiency that removes microscopic organisms that may cause serious harm and inorganic dust suspended in the air
- The power segment is expected to witness steady growth as this industry has to comply with several government regulations including EPA and OSHA standards
- The food & beverage segment accounted for the largest share of over 21.4% in 2022. Legislations pertaining to food safety coupled with codes of practice for high-risk food manufacturing provide avenues for market growth
- Asia Pacific is estimated to register a significant CAGR of 6.8% over the forecast period owing to the high penetration of these products across the metal and plastic industry coupled with increased R&D spending in the Asia Pacific food & beverage industry
- The market is competitive due to the presence of multinationals operating in the industry. It is characterized by the presence of a significant consumer base with the companies operating their business through dedicated distribution networks
Access Press Release@ https://www.grandviewresearch.com/press-release/global-industrial-air-filtration-market
Industrial Air Filtration Market Segmentation
Grand View Research has segmented the global industrial air filtration market based on product, end-use, and region:
Industrial Air Filtration Product Outlook (Revenue, USD Million; 2018 - 2030)
- Dust Collectors
- Mist Collectors
- Fume Collectors
- HEPA Filters
- Cartridge Collectors & Filters
- Baghouse Filters
- Others
Industrial Air Filtration End-Use Outlook (Revenue, USD Million; 2018 - 2030)
- Cement
- Food & Beverage
- Metal
- Power
- Pharmaceutical
- Chemical & Petrochemical
- Paper & Wood Processing
- Agriculture
- Others
Industrial Air Filtration Regional Outlook (Revenue, USD Million; 2018 - 2030)
- North America
- US.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
- Central & South America
- Brazil
- Argentina
- Rest of Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
List Of Key Players Of Industrial Air Filtration Market
- Honeywell International, Inc.
- MANN+HUMMEL
- Daikin Industries, Ltd.
- Danaher
- Donaldson Company, Inc.
- SPX Technologies
- Lydall, Inc.
- Alfa Laval
- PARKER HANNIFIN CORP
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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