“iSay Research has published a new report titled Global Industrial Air Filtration Market share, forecast data, In-Depth Analysis, and Forecast, 2022”. According to the report, Global Industrial Air Filtration Market in 2022 stood at USD 7.00 billion and is expected to reach USD 12.54 billion by 2032 growing at a CAGR of 6.0% from 2023 to 2032.
Industrial air filtration systems are basically utilized to capture harmful substances such as dust particulates and smoke among others from the manufacturing and production facilities. The main objective of these systems is to purify the air around these production facilities and thus purify the environment. The particulates in the air consists of nanoparticles and a layer of smoke that can inhaled through human lungs. This inhalation of harmful particulates can induce severe health as well as breathing related problems. Also, filtration products help in ensuring that the people working in such environment are protected from breathing such harmful air. Moreover, air filtration systems mainly include air purifiers and air cleaners with a range of filtration technologies.
Global Industrial Air Filtration Market: Key Players
The research study includes profiles of leading companies operating in the global industrial air filtration market. Key players profiled in the report include: Honeywell International, Inc., Daikin Industries, Ltd., Clean TeQ Holdings Limited, SPX Corporation, Gutsche, Purafil Inc., Absolent Group, Camfil Group, Donaldson Co., 3M, American Air Filter Company Inc.
Drivers for the Global Industrial Air Filtration Market:
According to current market condition, growing concerns regarding environmental health coupled with reducing raw material resources and natural depositories are primarily expected to fuel industry growth over the forecast period. Furthermore, favorable government regulations pertaining to emission norms coupled with enforcement of workforce health and safety regulations in several regions is anticipated to drive the market over the forecast period. Moreover, implementation of the Kyoto Protocol on a global level, is an effort to reduce greenhouse gas emissions that forces industries to adopt the industrial air filtration concept.
Opportunities for the Global Industrial Air Filtration Market:
Technological advancements in the industrial air filtration system is expected to provide avenues for market growth over the forecast period. Also, growing demand from semiconductor and electronics industry is estimated to drive lucrative opportunity for the market during the forecast period. Additionally, demand for high quality products from consumers, strict environmental laws to curb air pollution, and growing concern regarding global warming are some of the factors creating opportunity for industrial air filtration, thereby positively impacting the market growth.
Restrains for the Global Industrial Air Filtration Market:
On the contrary, low sales of new systems, absence of attractive business opportunities, and economic recession in a number of end-user markets are a few of the factors limiting the growth of the global industrial air filtration market. Also, lack of social responsibility and awareness may also pose a challenge to market growth. End use industries often lack their responsibility towards society and refuse to spend extra capital investment for installing an air pollution control device, which is expected to hamper product demand over the next few years. Moreover, equipment purchase decisions are often based on the purchase price of the air filtration equipment, which is further expected to pose as a challenge to the market for industrial air filtration.
Region Wise, Global Industrial Air Filtration Market Analysis:
On the basis of region, global industrial air filtration market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Geographically, European regional market held the leading market share and reported for around 25% of the global market revenue share in that year. European food industry is extremely diversified and distinguishes with the existence of various small-scale companies, which is anticipated to fuel the growth of the regional market. Europe region is followed by North America and Asia pacific.
Covid-19: Impact and Recovery Analysis for Global Industrial Air Filtration Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Industrial Air Filtration market globally. Most of the industries and businesses like: Industrial Air Filtration market are shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. Industrial air filtration system is used across several industries including power, food, cement, metals, and pharmaceuticals. But, due to the covid-19 pandemic government of all the countries has declare lockdown. This has large impact on industrial air filtration market as most of the companies shut down their operation.
Global Industrial Air Filtration Market: Product analysis
- Dust Collectors
- Oil Mist Collectors
- HEPA Filters
- Cartridge Collectors & Filters (CC&F)
- Baghouse Filters
- Welding Fume Extractors
- Wet Scrubbers
- Dry Scrubbers
Global Industrial Air Filtration Market: Application analysis
- Paper & Pulp and Woodworking
Global Industrial Air Filtration Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
|Market Size in 2023
|USD 7.00 Billion
|Market Forecast in 2032
|USD 12.54 Billion
|Compound Annual Growth Rate (CAGR)
|Revenue (USD Million) and Volume (Kilo Tons)
|By Product Type, By Application, By Region
|By Product Type
|2018 - 2022
|2023 - 2032
Pivotal Fundamentals of the Global Industrial Air Filtration Market Report:
- Holistic in-depth detailed analysis, regarding the parent market.
- Detailed information about the current R&D activities performed by each global industrial air filtration market player.
- Region-wise and country-wise breakdown of the global industrial air filtration market to get the revenue, and growth lookout in these areas.
- Key factors which are influencing the consumption pattern of consumers across various regions and countries.
- Historical and future progress of the global industrial air filtration market.
- Year-on-year growth of the global industrial air filtration market in terms of value and volume.
At last report covers a short outline of the dealers, distributors, and suppliers. Additionally, it provides sales channel, analysis findings and results. It spots some new entrants within the market. The study thus, suggests a brand-new proposition to embellish global industrial air filtration market and nurture business as it explains current global market as well as future market.