The global industrial air filtration market size is expected
to reach USD 18.2 billion by 2025, expanding at a CAGR of 6.7% over the
forecast period, according to a study conducted by Grand View Research, Inc.
Growing demand for high-performing, energy-efficient products is expected to
catapult demand over the forecast period. Technological advancements have
resulted in the manufacturing of a new filter media to meet demand for
energy-efficient products. This, in turn, has instigated the development of
innovative raw materials such as small fibers and is anticipated to provide new
avenues for industry growth.
Soaring electricity consumption has
led to the development of new power generation plants, which is expected to be
a key factor positively affecting market demand for industrial air filtration
equipment. Furthermore, implementation of stringent government regulations in
order to protect human health by limiting or eliminating airborne pollutant
concentrations will further aid in catapulting the market.
Companies across the globe are turning
toward sustainable alternatives and methodologies such as green manufacturing
in order to improve competitive advantage and increase revenues. Similarly,
governments across the globe are collaborating with numerous environmental
organizations for developing standards to control harmful emissions. These
standards have contributed to the expansion of the industrial air filtration
market size across regions.
However, lack of social responsibility
and awareness may pose a challenge to market growth. End-use industries often
lack responsibility toward society and refuse to spend extra capital investment
for installing air pollution control devices, which is expected to hamper
product demand over the next few years. Equipment purchase decisions are often
based on product purchase price, which is further expected to pose a challenge
to market growth.
Browse full research report on Industrial Air Filtration Market: https://www.grandviewresearch.com/industry-analysis/industrial-air-filtration-market
Further key findings from the report suggest:
- By product, the dry scrubbers segment is expected to exhibit
a CAGR of more than 8.0% over the forecast period. Dry scrubbers generate
minimal waste, leading to elimination of complex sanctioning procedures
along with plummeting capital and operating costs
- Demand for air filters in the power segment accounted for
over 18.0% of the global market in 2018 and the segment is expected to
witness steady growth over the next few years. The power sector has to
comply with several government regulations, including EPA and OSHA
standards
- Asia Pacific accounted for over 25.0% of the overall revenue
in 2018 and is expected to witness substantial growth over the forecast
period. This is accredited to high penetration of these products across
the metal and plastic industry, coupled with increased R&D spending in
the Asia Pacific food and beverage industry
- Key players such as Honeywell International, Inc.;
MANN+HUMMEL; Daikin Industries, Ltd.; Clean TeQ Holdings Limited; 3M; and
SPX Corporation have enhanced their market position through mergers and
acquisitions and expanded their geographical reach.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/industrial-air-filtration-market/request/rs1
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,
2014 - 2025)
- Dust
Collectors
- Oil
Mist Collectors
- HEPA
Filters
- Cartridge
Collectors & Filters (CC&F)
- Baghouse
Filters
- Welding
Fume Extractors
- Wet
Scrubbers
- Dry
Scrubbers
Industrial Air Filtration End-use Outlook (Revenue, USD Million,
2014 - 2025)
- Cement
- Food
- Metals
- Power
- Pharmaceutical
- Agriculture
- Paper
& Pulp and Woodworking
- Plastic
- Others
Industrial Air Filtration Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Turkey
- Sweden
- Spain
- Poland
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Singapore
- Australia
- Latin
America
- Brazil
- Mexico
- Argentina
- Middle
East & Africa
- South
Africa
- UAE
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.
For
more info visit @ https://www.grandviewresearch.com
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