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Industrial Dust Collector Market to Reach $12.2 billion by 2031 | Donaldson Company, Atlas Copco, Daikin Industries

02-27-2024 04:54 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Industrial Dust Collector Market

Industrial Dust Collector Market

Industrial dust collectors play a crucial role in minimizing these risks, thereby prompting a safe working environment. Moreover, government are introducing stringent regulations that require industrial facilities to maintain certain levels of air quality. Compliance with these regulations often necessitates the installation of dust collectors.

The industrial sector is expected to grow in the coming years, especially in emerging economies. As industrial manufacturing activities increase, the demand for dust collectors also increases. Industrial dust collectors help reduce equipment wear and tear maintenance costs, and downtime. In addition, some industries may require paying fines for non-compliance with environmental regulations. Installing dust collectors can help industries to avoid this expense.

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According to a new report published by Allied Market Research, titled, "Industrial Dust Collector Market," The industrial dust collector market size was valued at $7.9 billion in 2021, and is estimated to reach $12.2 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.

In 2021, North America dominated the global industrial dust collector market, in terms of revenue. Moreover, the Asia-Pacific region is anticipated to dominate the industrial dust collector market forecast by growing with the highest CAGR, owing to growth in the use of different kinds of industrial dust collectors equipment used in chemical industry.

Furthermore, key players in the industrial dust collector market adopted various strategies to sustain harsh competition. For instance, in June 2022, CECO Environmental Corp. acquired Western Air Ducts Ltd. which is a leading manufacturer and seller of dust & fume extraction system, even this Western Air Ducts Ltd. makes use of smart technology to recognize demand, modify and regulate airflow and particulate matter, and cut energy expenditures by 40%. This acquisition will increase its capacity to offer rapid in-stock solutions and prompt shipping by adding a line of standard-size cartridges and bag dust collector.

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Top Players:
Key companies profiled in the industrial dust collector market report include Donaldson Company, Inc., Atlas Copco Ab, Span Filtration Systems Pvt. Ltd., Daikin Industries Ltd. (American Air Filter Company, Inc.), Ceco Environmental Corp., Babcock And Wilcox Enterprises, Inc., Sumitomo Heavy Industries, Ltd., Flsmidth And Co. A/S, Thermax Limited, And Parker-Hannifin Corporation.

Key Findings of the Study:

The report provides an extensive analysis of the current and emerging industrial dust collector market trends and dynamics.

By product type, the dry dust collectors segment accounted for a higher revenue share of the market share in 2021. Furthermore, the wet scrubber dust collectors segment is expected to grow with a higher CAGR.

Depending on media type, the non-woven segment dominated the industrial dust collector market, in terms of revenue in 2021.

By end user, the food and beverages segment dominated the industrial dust collector market, in terms of revenue in 2021; however, the pharmaceuticals segment is anticipated to grow with a higher CAGR during the forecast period.

North America dominated the industrial dust collector market share in terms of revenue in 2021, and Asia-Pacific is projected to register the highest growth rate in the coming years.

The key players within the industrial dust collector market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the industrial dust collector industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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