Industrial Air Filtration Market to Incur Meteoric Growth During the Forecast Period: Grand View Research Inc.

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.

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.

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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.

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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.

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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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