Asia Pacific Air Filtration Market Emerging Trends and Development Factors to 2023
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Air filters are prominently used in research facilities, laboratories, hospitals, power generation units, fuel processing sectors, and waste management to help get rid of pollutants, pollens, dust, debris, mist, oil droplets, abrasion particles, contaminants, and other coarse particulates, thereby driving Asia Pacific air filtration market. The rising need to optimize energy consumption, reduce vehicle emissions, conserve energy, and reduce environmental pollution will impel Asia Pacific air filtration industry over 2016-2023. To achieve 100% efficiency and dirt absorption, companies are now manufacturing efficient industrial filters with safety mechanisms and advanced features that will aid in completely eradicating pollutants from the atmosphere.
Industrial products contributed to more than 27% of Asia Pacific air filtration market revenue in 2015, subject to the high demand of air filters in the medical sector and laboratories. The sub-products of industrial filters, such as dust collectors, baghouse filters, cartridge collectors & filters, mist collectors, and HEPA filters, are also extensively used across the cement, metal, and power sectors, to absorb dust, moisture, pollutants, and allergens, owing to which Asia Pacific air filtration industry from industrial products is expected to register a CAGR of 9.5% over 2016-2023.
Market players will try to increase their ROI by focusing on merger & acquisitions, product innovation, and increasing their production base. Key participants in Asia Pacific air filtration market includes Cummins Corporation, Purafil, Denso Corporation, Clarcor, Mann-Hummel Company, Sogefi group, Mahle GmbH, Nederman Company, Camfil Company, and Donaldson Company.
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Asia Pacific air filtration market growth is characterized by the necessity to conserve energy and increase engine efficiency by means of enhancing the existing emission control systems. Air filters basically help filter out the impurities in the air, including, but not limited to pollen, bacteria, dust, and mold. Combined with a catalyst, air filters help absorb pollutants and odors from the atmosphere as well. Their extensive utilization in numerous applications such as cement, pharmaceuticals, food, and power generation sectors will stimulate Asia Pacific air filtration market, given that the region is touted to have enormous growth prospects in the aforementioned application domains.
Automotive products held more than 55% of Asia Pacific air filtration market share in 2015. These products primarily encompass cabin and intake filters, which absorb dust, debris, and other solid particulates that pose a harm to auto cylinders and pistons. In addition, they preserve the air-fuel mixture, helping the engine to function efficiently, minimize ignition problems, aiding limited fuel consumption, and improve emission control systems, thereby reducing emissions. The benefits will stimulate the product demand, propelling Asia Pacific automotive air filtration market, set to grow at a CAGR of 8% over 2016-2023. These filters also need to be replaced occasionally, which will further spur the product demand. The rising requirement of cabin filters in electric vehicles will fuel Asia Pacific air filtration market from automotive products.
Related News: https://www.globenewswire.com/news-release/2016/09/12/871008/0/en/Asia-Pacific-Air-Filtration-Market-size-is-expected-to-reach-USD-6-65-billion-by-2023-Global-Market-Insights-Inc.html
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