Industrial Air Filtration Market to exceed USD 7 billion by 2022
Stringent government norms and growing awareness about air pollution will fuel the industry growth considerably over the coming years. The air filter improves the air quality before its release into the atmosphere, thereby curbing the air pollution to a high extent. According to Global Market Insights, Inc.
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Considering applications, Industrial air filtration industry is divided into metal, power, pharmaceutical, food, and cement sector. The power application accounted 15% of overall market share in 2014 and is expected to show attractive growth rate over the coming years.
The growing requirement of air filters in the various units of the nuclear power plants such as power generation, nuclear energy research facilities, and fuel processing installation & waste management will stimulate the industrial air filtration market growth. The metal application segment will exhibit a lucrative annual growth rate of more than 8.5% over the coming five years, owing to the surging demand from evolving industrialization.
Dust collectors, baghouse filters, HEPA filters, cartridge collectors & filters, and mist collectors are some of the key products of the industrial air filtration market. Mist collectors registered more than 20% of the total revenue share in 2014 and is anticipated to grow significantly over the coming timeframe, driven by its escalating need across food processing industry. In addition, these filters eliminate coolant mist, oil mist, steam, and fumes in food & beverage manufacturing processes.
Dust collectors industrial air filtration industry size is projected to register an annual growth rate of 8.7% over the coming period of 2015 to 2022, owing to its growing demand because of its significant benefits such as improved worker health & safety, less maintenance, and cheap operating cost.
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Taking into account the regional outlook, Europe industrial air filtration market size will collect a revenue of USD 1.9 billion by 2022, owing to the strict government regulations regarding emission control.
U.S. will lead the North America industrial air filtration industry share by surpassing a revenue of USD 1.35 billion in 2022.
Asia Pacific industrial air filtration industry size is predicted to register an annual growth rate of more than 9% over the coming five years, driven by its mounting demand from end-users. Additionally, growing investment in the air filter industry across this region will impact considerably on APAC industrial air filtration industry. India and China will contribute significantly towards the regional growth.
Market players are focusing on market strategies such as mergers & acquisition to grow their business over the coming period of 2015 to 2022. Clarcor, Pall corporation, Camfil, Donaldson, AAF International, Flanders Corporation, SPX Corporation, Cummins Filtration, and Freudenberg Group are some of the key industry participants in the industrial air filtration market.
Industrial Air Filtration Market Size By Application (Cement, Power, Food, Metals, Pharmaceuticals), By Product (Dust Collectors, HEPA Filters, Mist Collectors, Baghouse Filters, Cartridge Collectors & Filters), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022
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Europe Industrial Air Filtration Market Size By Application (Cement, Power, Food, Metals, Pharmaceuticals), By Product (Dust Collectors, HEPA Filters, Mist Collectors, Baghouse Filters, Cartridge Collectors & Filters), By Country (Germany, UK, France, Italy, Turkey, Sweden, Spain, Poland), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2015 – 2022
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.
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