Turbine Air Filtration Market Research Report with Opportunities And Strategies To Boost Growth- COVID-19 Impact And Recovery

The global turbine air filtration market is expected to grow at a CAGR of more than 7.3% over the period of 2020-2025. Factors such as the adoption of natural gas-fired power plants, due to increasing focus on clean power generation, are expected to experience a robust growth in the coming years and this, in turn, is expected to drive the turbine air filtration market, due to its vast application in the power sector. Moreover, rising number of petroleum refineries in the across the world is promulgating the demand for air filters. However, the high installation and maintenance cost associated with turbine air filter in energy intensive industries is expected to hinder the growth of the market studied.

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Top Leading Manufactures-

American Air Filter Company Inc., Camfil AB, Capstone Turbine Corporation, Clarcor Inc., Donaldson Company Inc., FlaktGroup Holding GmbH, Koch Filter Corporation, Mueller Environmental Designs Inc., Nordic Air Filtration A/S, Shinwa Co Ltd, W. L. Gore & Associates Inc.

Market Scenario

- Power generation segment is expected to be the largest segment for turbine air filter market, with gas turbine power generation having evolved to be one of the most viable and environmental-friendly methods of power production.
- The governments of China, India, and other developing economies have been preferring low-polluting gas-based power stations. This, in turn, is expected to create opportunities for the regional turbine air filtration systems market in the near future.
- Asia-Pacific is expected to register the highest growth rate for the turbine air filtration systems market, with majority of the demand coming from the countries such as India, and China.

Power Generation Segment to Dominate the Market

- Owing to its clean nature, natural gas is quickly becoming very popular fuel for electricity. Natural gas-fired electricity is expected to account for 80% of all further electricity generation capacity, by 2035.
- Furthermore, some of the factors driving the demand for gas turbine are - multiple fuel capabilities (renewable and synthesis fuels, short construction lead time, and modular construction), low power generation operational cost, low installed cost, reduced emissions, and very high efficiency. Hence, the booming gas turbine industry is expected to boost the demand for the air filtration systems during the forecast period.
- In 2017, the gas-fired power generation in the European Union grew by over 10%, due to low gas prices and slow growth in renewable power generation. In China, the gas-fired power generation grew by over 17%, while in India, the growth was about 13.3%. The growth was the result of the healthy demand for electricity in the Asian countries and a shift from coal-fired to gas-fired power generation due to concerns regarding air pollution. Hence, with increased gas-fired power generation, turbine air filter market is expected to be driven.

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Competitive Landscape

The turbine air filtration market is moderately fragmented. Some of the key players are Capstone Turbine Co., Camfil AB, American Air Filter Company Inc., Donaldson Company Inc., and Nordic Air Filtration A/S.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Global Turbine Air Filtration Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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