Press release
Global Industrial Air Filtration Market Comprehensive Study: Forecasted Market Size And Growth Rate
Industrial Air Filtration Market
The Business Research Company offers in-depth market insights through Industrial Air Filtration Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The industrial air filtration market size has grown strongly in recent years. It will grow from $14.16 billion in 2023 to $15.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to health and safety awareness, growing industrialization, global economic trends, innovation in material science, cost savings through energy efficiency.
The industrial air filtration market size is expected to see strong growth in the next few years. It will grow to $20.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to industry 4.0 integration, rising awareness of air quality, expansion of end-use industries, focus on sustainable practices, pandemic preparedness. Major trends in the forecast period include rising demand for clean air solutions, stringent environmental regulations, technological advancements, global impact of pandemic preparedness, focus on energy efficiency.
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Market Segmentation:
The industrial air filtration market covered in this report is segmented -
1) By Product: Dust Collectors, Mist Collectors, Fume Collectors, HEPA Filters, Cartridge Collectors And Filters, Baghouse Filters, Other Products
2) By Application: New System, Replacements
3) By End-User: Cement, Food And Beverages, Metal, Power, Pharmaceutical, Chemical And Petrochemical, Paper And Wood Processing, Agriculture, Others End users
Major Driver - Global Surge In Air Pollution Propels Growth In The Industrial Air Filtration Market
A rise in air pollution levels globally is expected to propel the growth of the industrial air filtration market going forward. Air pollution is the emission of pollutants into the atmosphere that are harmful to human health and the environment. Industrial air filters are designed to capture pollutants and poisons in the air and prevent them from escaping into the environment. Emissions might be significantly reduced by installing these filters in factories and other industrial settings, improving the quality of the air around them. For instance, in March 2021, according to IQAir's global air quality data platform, average particle pollution levels in the United States increased by 7% in 2021. Therefore, the rise in air pollution levels globally drives the industrial air filtration market.
Competitive Landscape:
Major companies operating in the industrial air filtration market report are American Air Filter Company Inc., Camfil Svenska AB, Parker Hannifin Corporation, Cummins Inc., Donaldson Company Inc., MANN+HUMMEL GmbH., SPX Corporation, Honeywell International Incorporated., ALFA LAVAL AB, Freudenberg & Co. KG, Air Filter Industries Pvt. Ltd., BWF Offermann Waldenfels & Co. KG, Pall Corporation, Flanders Corporation, Lydall Inc., Kaeser Compressors Inc., Master Fluid Solutions, Metalfab MHS LLC, Midwesco Filter Resources Inc., Polycold Systems Inc., Porvair Sciences plc, Purafil Inc., QVF Process Systems Inc., Sefar Holding AG, Siemens AG, Sutorbilt Inc., Trane, Graver Technologies LLC, Nederman Holding AB, Walterscheid Powertrain Group .
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Top Trend - Innovative Filtration Solutions Enhancing Performance In Industrial Air Filtration
Product innovations are a key trend gaining popularity in the industrial air filtration market. Major companies operating in the industrial air filtration market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, Avient Corporation, a US-based specialized polymer materials manufacturer, launched the MagIQ Non-Woven Electret additive for HEPA filters. MagIQ Non-Woven Electret Additives work by creating charge traps in the melt-blown non-woven material that trap and hold electrostatic charges, which help to attract and capture airborne particles. The additives are also designed to improve the crystallinity and mechanical deformation of the melt-blown non-woven material, which helps to prevent electret charge from drifting. The non-woven electret additives in MagIQ HEPA filters are appropriate for usage in home appliances, cars, and construction.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Air Filtration Market Characteristics
3. Industrial Air Filtration Market Trends And Strategies
4. Industrial Air Filtration Market - Macro Economic Scenario
5. Industrial Air Filtration Market Size And Growth
…..
27. Industrial Air Filtration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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