Summary - A new “Industrial Air Filtration Market Insights and Regional Forecasts 2020-2027 -” has been featured on WiseGuyReports.
Global Industrial Air Filtration Market is valued at approximately USD 10.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2020-2027. Industrial air filtration systems are typically used to seize harmful substances, such as dust particulates, smoke and other associated substances from the production facilities. The main objective to use these systems is to purify the surrounding air around the manufacturing facilities, subsequently improve the air quality. The particulate matter contains in the air include nanoparticles ALSO READ: https://www.openpr.com/news/2103259/global-industrial-air-filtration-market-size-study-by-type
The inhalation of harmful particulates can cause acute health and breathing-related complications. Thus, the use of filtration systems is significantly growing since it helps in ensuring that the people employed in such environment are safe from breathing harmful air. Moreover, favorable government regulations concerning to emission norms, along with the implementation of workforce health and safety regulations in developed and developing nations are few other factors responsible for the market growth over the forecast period. For instance, in the United States, the Clean Air Act was imposed on 1963 to regulate the air pollution at a national level. This law is most prominent and contemporary law for environment, as well as the most inclusive air quality laws in the world. Similarly, India launched a National Clean Air Program in 2019, which provides a roadmap to control and reduce unhealthy air pollution. This program will be a five-year action plan with 2019 as the first year. Therefore, these initiatives opt by the government bodies will act as major driving force for the growth of the segment during the forecast period. Although the recent outbreak of COVID-19 caused shutdown of much civilized life as lockdown was imposed by the government to prevent the spread of novel coronavirus. This ongoing pandemic has been also adversely impacting the suspension of the construction activities, and also cause shortage of labors coupled with potential supply chain bottlenecks of materials and equipment. Therefore, this factor will inhibit the usage of Industrial Air Filtration. However, the high installation and maintenance cost of the system are the major factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global Industrial Air Filtration market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the surging utility in metal and food & beverage industry, along with the presence of significant number of manufacturers in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rapid industrialization and increasing per capita income would create lucrative growth prospects for the Industrial Air Filtration market across the Asia-Pacific region.
Major market player included in this report are:
Alfa Laval AB
Air Products and Chemicals, Inc.
Clean TeQ Holdings Limited
Daikin Industries, Ltd.
Honeywell International, Inc.
3M
MANN+HUMMEL Group
Sharp Corporation
SPX Corporation
3nine AB
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Dust Collectors
Oil Mist Collectors
High-efficiency particulate air (HEPA) Filters
Cartridge Collectors & Filters (CC&F)
Dry Scrubbers
Wet Scrubbers
Others
By End-Use:
Cement
Food
Pharmaceutical
Power
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Industrial Air Filtration Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The global industrial air filtration market size is expected to reach USD 18.0 billion by 2027, growing at a CAGR of 7.3% over the forecast period, according to a study conducted by Radiant Insights, Inc.
Soaring electricity consumption has led to the development of new power generation plants, which is expected to be a key factor driving the market for industrial air filtration.
Enforcement of Occupational Safety and Health Act (OSHA) code is the key factor anticipated to drive the market for industrial air filtration.
Download Free Sample Report @ https://www.radiantinsights.com/research/industrial-air-filtration-market/request-sample Companies across the globe are turning towards sustainable alternatives and methodologies such as green manufacturing in order to improve competitive advantage and increase revenues.
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.
Dry scrubbers generate minimal waste leading to the elimination of complex sanctioning procedure along with plummeting capital and operating costs • The demand for air filters in the power segment accounted for over 19% of the global industrial air filtration market in 2019 and the segment is expected to witness a steady growth over the next seven years, as this industry has to comply with several government regulations including Environmental Protection Agency (EPA) and OSHA standards • Asia Pacific accounted for over 25% of the overall revenue in 2019 and is expected to witness substantial growth over the forecast period, which is accredited to high penetration of these products across the metal and plastic industry coupled with increased R 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, enhanced their market position through mergers and acquisitions in order to expand their geographical reach.
June 24, 2019: The global industrial air filtration market is expected to reach USD 6.08 billion by 2025, according to a new report by Grand View Research, Inc.
The growing demand for high-performing, energy-efficient products is expected to catapult the demand over the forecast period.
Further, environmental awareness and rapid industrialization coupled with resource scarcity are also expected to catalyze the market growth over the next nine years.
Technological advancements have resulted in the manufacturing of a new filter media to meet the demand of 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.Download sample Copy of This Report at: https://www.radiantinsights.com/research/industrial-air-filtration-market/request-sampleFinancial drivers are also expected to play key roles in incentivizing end-users to enhance the performance of a manufacturing process and reduce manufacturing costs.
The industry is anticipated to witness the movement of manufacturing facilities to China or Eastern Europe, primarily, to cut-down manufacturing costs.Industrial air filters are critical components of the manufacturing industry as they are used to protect sensitive and advanced manufacturing processes and reduce the risk of molecular or microbiological contaminations.
The Industrial Air Filtration Market should grow at nearly 6 percent CAGR during 2016 to 2024 (forecast period).
Eco-concerns and urbanization are predicted to be the key drivers of the market.
Dust, fumes, & vapor across the industry of metal processing require effective filtering.
They abide by the emission standards, protect workers, and enhance production quality.Browse Details of Report @ https://www.hexaresearch.com/research-report/industrial-air-filtration-marketInnovative technology has led to air filters bettering themselves in terms of quality & performance.
This factor has also driven the market.
Moreover, advanced feedstock (small fibers, etc.)
