Asia-Pacific Air Filtration Market revenue in Industrial sector growing at 9.5% CAGR from 2017 to 2023: Global Market Insights Inc
Positive outlook on automotive production coupled with favorable regulatory norms are expected to drive Asia pacific air filtration market share. Consumer shift towards adoption of electric vehicles on account of minimum maintenance cost, offers credible threat of substitution for automotive intake air filters. Technological advancements and the development of cost-effective solutions will favorably impact industry growth over the forecast timeframe.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/746
Increasing R&D investments along with new product development will drive Asia Pacific air filtration market size. Surging demand across diverse range of industrial applications may surge growth. Manufacturers emphasize on developing energy efficient products and vertical integration as a part of their growth strategy. Presence of associations such as Car Care Council (CCC) and Environmental Protection Agency (EPA) has helped raise awareness regarding automotive emission hazards, giving impetus to the automotive segment.
Changing demographics, resource scarcity, rising environmental awareness and rapid urbanization will catapult demand from 2016 to 2023. Development of innovative filter media to meet energy efficiency requirement has given rise to new raw materials such as small fibers, which is further expected to provide avenues for business growth over the next seven years.
APAC air filtration market size is poised for growth owing to surging demand across numerous industries including cement, metal, pharmaceutical and power. The power sector is expected to witness substantial gains owing to growth in nuclear industry which plays a key role in defense power and power generation.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/746
Browse key industry insights spread across 177 pages with 70 market data tables & 52 figures & charts from the report, “Asia Pacific Air Filtration Market Size By Product (Industrial [Dust Collectors, Mist Collectors, HEPA Filters, Baghouse Filters, Cartridge Collectors & Filters], Automotive [Intake Filters, Cabin Filters], Residential), By Application (Power, Food, Metals, Cement, Pharmaceuticals), Industry Analysis Report, Regional Outlook (China, India, Japan, South Korea, Australia, Thailand, Indonesia, Malaysia), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
Key insights from the report include:
Industrial sector accounted for more than 27% of the Asia Pacific air filtration market share in 2015 and is estimated to grow at 9.5% CAGR owing to rising adoption in healthcare and laboratories facilities in order to control microbes and allergens.
Mist collectors are set to witness growth due to increasing application across the food & beverage and metal processing industry.
The benefits derived HEPA filtration technology include maintenance of high initial power output, greater machine availability and reliability, improved efficiency, zero production downtime, increased component life, and lower emissions. These products are ideal for situations that require high collection efficiency of submicron particulate matter, and are used in applications involving biological, chemical and radioactive particulate matter.
Consumer shift towards replacement of automotive filters in order to minimize the emission of harmful gases will drive revenue.
China air filtration market size will continue to represent the dominant regional segment in the coming years. This can be primarily attributed to the considerable automotive sector and presence of numerous industries across the region.
APAC air filtration market share is characterized by intense competition with key players focusing on mergers & acquisitions to increase their revenue, which will result in consolidation. Major participants are Mann+Hummel, Cummins, Mahle, Camfil, Donaldson, and Clarcor. Mergers & acquisitions along with expansion of manufacturing activities form a part of manufacturers’ key growth strategies.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Connect with us: Facebook | Google+ | LinkedIn | Twitter
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia-Pacific Air Filtration Market revenue in Industrial sector growing at 9.5% CAGR from 2017 to 2023: Global Market Insights Inc here
News-ID: 471117 • Views: 279
More Releases from Global Market Insights Inc.
Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug
More Releases for Filters
HVAC Filters Market - Aforementioned voluminous revenue 2028 | Emirates Industri …
Global HVAC Filters Market: Overview The demand within the global market for HVAC filters has been rising on account of the need to maintain ambient temperatures across indoor spaces and enclosures. HVAC is a wide area of application that has gained popularity within advancements in the domain of constructions and design. HVAC stands for Heating, Ventilation, and Air-Conditioning, and it is evident that all of these functions are performed by HVAC
Vacuum Dust Filters Market by Region - North America, Latin America, Europe, Jap …
A steady spike in purchasing power, growing awareness of health and hygiene concerns, and a greater number of women joining the workforce leave precious little time for household chores, fuelling the vacuum cleaner market. The growth of the vacuum dust filter market is directly linked to that of the vacuum cleaner market. Furthermore, continuous innovations in vacuum cleaners coupled with an increasingly tech-savvy population is predicted to benefit the global vacuum dust
Google Analytics Segments Vs Filters
London/UK – 23th October 2018. One of the most common questions I’m asked about Google Analytics is the difference between a segment and a filter and the main use case of each of them. I’m often asked why you would ever use a filter when a segment does the same job and vice versa. In today’s post, I’m going to briefly run you through what segments and filters are, how they
Vacuum Dust Filters Market: HEPA Filters to Generate Significant Revenues
The global market discussion on vacuum dust filters industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Vacuum Dust Filters Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that,
Global Automotive Airfilters Market 2017 : Volant, Allena Group, WIX Filters, Pu …
A market study based on the "Automotive Airfilters Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Automotive Airfilters Market 2017’. The research report analyses the historical as well as present performance of the worldwide Automotive Airfilters industry, and makes predictions on the future status of Automotive Airfilters market on the basis of this analysis. Get Free Sample Copy of Report Here : http://bit.ly/2pFxV2A Top Manufacturers
Global Automotive Air Filters Market
Air filters are essential component of an automotive which serves basically two purposes based on its type. There are two types of automotive air filters namely intake air filters and cabin air filters. Where the former acts as a barrier against foreign particles such as dust to enter engine's combustion chamber, the latter restricts the entry of dust in the cabin of the vehicle through the vent of HVAC system.