Industrial Air Filtration Market : Worldwide Market Shares, Strategies, and Forecasts 2017 - 2025
The economic development of a country can be determined by its industrial growth. There is massive industrialization taking place all across the world and it is essential to keep a watch on the quality of air, both inside and outside a unit. Measures are already being taken to curb the quality of outside air; industrial air filtration comes into play for inside air quality. To improve the quality of air indoors, industrial air filtration offers an effective way to control contaminants by reducing their concentration to an acceptable level.
The global industrial air filtration market can be categorized on the basis of industry into power generation, healthcare and pharmaceuticals, manufacturing, metals and mining, and oil and gas. On the basis of product, the global industrial air filtration market can be segmented into mist collectors, dust collectors, cartridge collectors and filters, hepa filters, and baghouse filters. The market can be further segmented on the basis of application to include food, power, metal, cement, pharmaceuticals, and others.
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In the report, an in-depth analysis of market segments and competitive landscape has been presented. The report also provides drivers and restraints of the global industrial air filtration market. It also profiles key players in the market based on various attributes such as business strategies, company overview, financial overview, and recent developments.
Global Industrial Air Filtration Market: Key Trends
The global industrial air filtration market is growing due to various factors, such as environmental awareness, demand for high-performing, energy-efficient products, and rapid industrialization. In addition, an effective industrial air filtration system assists in saving energy and improving overall system reliability and manufacturing processes, thereby opening more avenues for market growth. On the contrary, low sales of new systems, absence of attractive business opportunities, and economic recession in a number of end-user markets are a few of the factors limiting the growth of the global industrial air filtration market.
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The manufacturing industry is the key contributor to the industrial air filtration market and is projected to account for a major share in the given period. Demand for high quality products from consumers, strict environmental laws to curb air pollution, and growing concern regarding global warming are some of the factors increasing the demand for industrial air filtration, thereby positively impacting the market growth.
Electricals, electronics, and equipment manufacturing industries are known to widely use air filtration as they require a dust-free environment. Also, strict government regulations to manage the injurious contaminants released in industrial smoke will likely drive the air filtration market.
The demand for liquid filtration is observed to be more than dry filtration and this segment is estimated to hold a large market share in the years to come. Several industries are highly dependent on water such as pharmaceuticals, chemicals, power generation, food and beverage, and oil and gas, thus giving impetus to the liquid filtration segment.
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Global Industrial Air Filtration Market: Regional Analysis
Geographically, the market can be segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Europe is likely to account for a large market share and will continue to do so in the said period. In Europe, the food industry is very vast and due to the presence of several small-scale businesses, the market is expected to grow further.
Due to new environmental policies and rise in the number of manufacturing, healthcare, power generation, and oil and gas industries, the market of Asia Pacific is expected to grow rapidly during the forecast period.
Global Industrial Air Filtration Market: Key Players
Some of the prominent players in the global industrial air filtration market are Alfa Laval, Clarcor Inc., Mann + Hummel GmbH, Donaldson Company, Inc., and Parker Hannifin Corporation.
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