Industrial air filtration market in Asia Pacific led by, China and India may exceed USD 1.6 billion by 2024. The growth in demand can be attributed owing to high penetration of products across cement industry, pharmaceutical and power industry. Increasing implementation of these products in nuclear installations like, power generation units, fuel processing installations and nuclear energy research facilities, may propel the industry growth.
Industrial air filtration provides fresh atmosphere to labors in pharmaceuticals, cement, power generation and chemical industries. Removal of harmful substances and detoxifying the atmosphere are key product benefits. Growing concern towards reducing harmful impact of air contaminants which are commonly found in industries to safeguard healthy working surroundings should fuel product demand.
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Increasing industrial and infrastructural development with growing demand for high performance & energy efficient products may witness significant growth in industrial air filtration market. Growing consciousness towards environment and strict regulatory norms regarding air treatment & disposable to reduce atmospheric pollution and protect environment are likely to further support market growth.
Industrial air filtration market from metal application may register gains close to 7.5% by 2024. Metal industries operates at high temperatures and produce lot of dust particles thus inducing the market demand. Growing demand for energy efficient filtration system will minimize energy cost for detoxifying air thus, inducing high demand in aluminum and steel industries.
Industrial air filtration market in dust collectors may surpass USD 1.5 billion by 2024. Rising industrial sector results in dust extraction from cement and mining industries which in turn will support industry demand for this segment. Furthermore, the upsurge demand for dust collectors in food & beverage industry owing to rise in consumer health concerns, thus stimulating industry growth.
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Industrial air filtration has wide application usage in cement industry and may surpass USD 900 million by 2024. It is widely used for dedusting of cement mills and avert dust pollutants at various stages such as material transfer, limestone quarrying and primary & secondary crushing will enhance industry growth.
Global industrial air filtration market share is fragmented with key players including:
- Absolent Group
- BWF Protec
- Camfil Group
- AGET Manufacturing
- SPX Corporation
- Pall Corporation
North America led by the U.S. and Canada industrial air filtration market may witness gains at over 7% by the end of forecast period. Strict regulatory norms towards safe working environment for workers & standards set for environment protection may enhance regional growth. Rise in demand for pharmaceutical industry owing to various research & development in health care products may stimulate industry growth.
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