Industrial air filtration systems are equipment used to filter air in industrial facilities and remove airborne particulate matter from the air stream being treated. Industrial air filters help remove dust, fumes, and other air pollutants from manufacturing facilities, power plants, and other industrial sites. They play an important role in maintaining air quality and worker health in industrial work environments. Various filter types including cartridge collectors, baghouse filters, and dust collectors are used depending on the application and type of particulate matter being captured. Baghouse filters are commonly used for large-scale air filtration applications as they offer high filtering capacity and lower pressure drop. Industrial Air Filtration Market systems help factories meet air quality regulations and reduce the risks of explosions from combustible dust accumulation. They also improve productivity by offering cleaner and healthier workspaces.
The Global Industrial Air Filtration Market is estimated to be valued at US$ 13.7 Billion in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024-2029.
Key Takeaways: Key players operating in the industrial air filtration market are Donaldson Company Inc, 3M Company, Clean Teq Holdings Limited, Parker Hannifin Corporation, Balsha Filters Pvt. Ltd and Lydall Inc. Donaldson Company and 3M are the top players with a combined market share of over 20%. Industrial air pollution has been rising steadily due to increasing industrialization across developing regions. Strict air quality regulations worldwide are driving up demand for industrial air filters from manufacturing facilities and power plants.
Greater awareness about worker health and safety is also propelling the industrial air filtration market. The market is witnessing strong growth in Asia Pacific region led by China, India and other Southeast Asian countries. Rapid industrialization and infrastructure growth are key factors augmenting demand. North America and Europe are relatively mature markets while growth is expected to be higher in developing regions in the coming years.
Market Drivers: Stringent emission control norms imposed by environmental agencies have led to increased adoption of industrial air filtration systems. Regulations such as National Emission Standards for Hazardous Air Pollutants in the US mandate regular monitoring and upgrading of air pollution control equipment. This is a major factor pushing market revenues higher. Rising levels of air pollution from industrial activities have raised health concerns globally. Industrial air filters help improve indoor and outdoor air quality significantly by capturing particulate emissions. Increasing health awareness combined with supportive government policies is augmenting adoption rates.
Here is 296 words on the impact of current geopolitical situation on the growth of Industrial Air Filtration market and future strategies to consider:
The ongoing geopolitical tensions and conflicts across several regions are negatively impacting the growth of the industrial air filtration market. The Russia-Ukraine war has disrupted global supply chains and export of key raw materials from the region. This is hampering the production capabilities of industrial air filtration manufacturers in Europe and North America. High inflation rates caused due to rising energy prices and sanctions on Russia are reducing the discretionary spending power of industries on non-essential products like air filtration systems. The lockdowns in China to curb COVID spread are again disrupting manufacturing and exports. This is delaying new projects and impacting the demand from process industries. To counter these challenges, industrial air filtration companies need to diversify their sourcing networks and establish secondary local suppliers. They should also focus on cost optimization and developing affordable product lines to cater to price sensitive smaller industries. Targeting growth areas like semiconductor, pharmaceutical and food processing industries would help counter cyclical demand drops from other sectors. Localizing production footprint closer to fastest growing emerging markets in Asia and Latin America would mitigate geopolitical risks. Adopting a decentralized manufacturing model can improve supply resilience. Companies need to invest more in innovation to provide customized smart air filtration solutions for niche industrial applications and digital services for remote monitoring. This will attract new customers and reduce dependence on global trade dynamics.
Here is 268 words on the geographical regions where Industrial Air Filtration market in terms of value is concentrated:
The industrial air filtration market in terms of revenues is highly concentrated in few developed regions with strong manufacturing bases. North America currently accounts for over 30% of the global market value led by United States. Presence of major process industries like oil & gas, power generation, chemicals, automotive and food processing drives the large scale consumption of air filtration systems in the region. Europe is another lucrative market accounting for around 25% share. Germany, United Kingdom, France, Italy and Spain feature among the top countries due to well established manufacturing sector. Asia Pacific is fast emerging as the future growth engine for the industrial air filtration market. China alone contributes to almost 20% of current global revenues owing to dense industrial activity. Other Asian countries like India, Japan, South Korea and Taiwan are also contributing significantly to the rising revenues supported by their push for domestic manufacturing.
Here is 283 words on the fastest growing region for the Industrial Air Filtration market:
The fastest growing region for the industrial air filtration market currently is Asia Pacific excluding Japan. This region is projected to expand at the highest CAGR during the forecast period backed by rapid industrialization and infrastructure development activities. Countries like China and India are witnessing massive capacity additions across diverse process industries like power, cement, steel, automotive etc. This is propelling the demand for air filtration systems to manage emissions from these factories and plants. Additionally, governments in Asia Pacific are promoting domestic manufacturing through initiatives like Make in India and China 2025. This is attracting major global manufacturers to set up local factories, thereby increasing in-country consumption. Latin America is another emerging hotspot driven by strong economic growth rates in leading markets such as Brazil, Mexico, Chile and Colombia. Rising urbanization and investment in process facilities are supporting the filter market expansion. Africa is also anticipated to offer significant untapped opportunities for air filtration suppliers owing to growing industrial investments in countries like South Africa, Egypt, Morocco and Kenya.
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June 24, 2019: The global industrial air filtration market is expected to reach USD 6.08 billion by 2025, according to a new report by Grand View Research, Inc.
The growing demand for high-performing, energy-efficient products is expected to catapult the demand over the forecast period.
Further, environmental awareness and rapid industrialization coupled with resource scarcity are also expected to catalyze the market growth over the next nine years.
Technological advancements have resulted in the manufacturing of a new filter media to meet the demand of energy-efficient products.
This, in turn, has instigated the development of innovative raw materials such as small fibers and is anticipated to provide new avenues for industry growth.Download sample Copy of This Report at: https://www.radiantinsights.com/research/industrial-air-filtration-market/request-sampleFinancial drivers are also expected to play key roles in incentivizing end-users to enhance the performance of a manufacturing process and reduce manufacturing costs.
The industry is anticipated to witness the movement of manufacturing facilities to China or Eastern Europe, primarily, to cut-down manufacturing costs.Industrial air filters are critical components of the manufacturing industry as they are used to protect sensitive and advanced manufacturing processes and reduce the risk of molecular or microbiological contaminations.
The global industrial air filtration market size is expected to reach USD 18.0 billion by 2027, growing at a CAGR of 7.3% over the forecast period, according to a study conducted by Radiant Insights, Inc.
Soaring electricity consumption has led to the development of new power generation plants, which is expected to be a key factor driving the market for industrial air filtration.
Enforcement of Occupational Safety and Health Act (OSHA) code is the key factor anticipated to drive the market for industrial air filtration.
Download Free Sample Report @ https://www.radiantinsights.com/research/industrial-air-filtration-market/request-sample Companies across the globe are turning towards sustainable alternatives and methodologies such as green manufacturing in order to improve competitive advantage and increase revenues.
Equipment purchase decisions are often based on the purchase price of the air filtration equipment, which is further expected to pose as a challenge to the market for industrial air filtration.
Dry scrubbers generate minimal waste leading to the elimination of complex sanctioning procedure along with plummeting capital and operating costs • The demand for air filters in the power segment accounted for over 19% of the global industrial air filtration market in 2019 and the segment is expected to witness a steady growth over the next seven years, as this industry has to comply with several government regulations including Environmental Protection Agency (EPA) and OSHA standards • Asia Pacific accounted for over 25% of the overall revenue in 2019 and is expected to witness substantial growth over the forecast period, which is accredited to high penetration of these products across the metal and plastic industry coupled with increased R spending in the Asia Pacific food and beverage industry • Key players, such as Honeywell International, Inc., MANN+HUMMEL, Daikin Industries, Ltd., Clean TeQ Holdings Limited, 3M, and SPX Corporation, enhanced their market position through mergers and acquisitions in order to expand their geographical reach.
