Industrial Air Filtration Market size was valued at USD 7.33 Bn in 2023 and is expected to reach USD 12.1 Bn by 2031 and grow at a CAGR of 6.42 % over the forecast period 2024-2031.
The need to control industrial air quality across a scope of end-use businesses is a key element expected to drive market development over the figure time frame. Air filtration gives a viable method for controlling pollutants by diminishing their fixation to an adequate level, thusly further developing indoor air quality. Also, the rising need to diminish energy utilization across a few modern applications might hoist the interest for a successful industrial air filtration framework.
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Developing worries in regards to ecological wellbeing combined with diminishing unrefined substance assets and regular storehouses are fundamentally expected to fuel industry development over the conjecture time frame. industrial filters are utilized in sifting or isolating industrial oils, gases, and ointments during activities. It can isolate fluid and strong matter and permit them to go through independent outlets without intruding on the activity. Filtration arrangements are presently utilized by producers in food and refreshments, water and wastewater, oil and gas, synthetic compounds, drugs, and biotechnology.
MARKET DYNAMICS:
KEY DRIVERS:
Environmental regulations and standards are becoming increasingly important over the world.
Global industrialization is accelerating.
RESTRAINTS:
High capital investment
Slower repurchase cycle
CHALLENGES:
Connected with limitations in terms of functionality
For industrial air filtration, technological inefficiencies might be a problem.
OPPORTUNITY:
Filtration product digitization is crucial growth potential.
Industry 4.0 is being more widely adopted.
IMPACT OF COVID-19:
The COVID-19 pandemic has featured the well-being and cleanliness of modern activities and pushed for changes in this impact. Makers are answering the well-being emergency by extending their ability and helping medical care laborers and state-run administrations in checking the spread of the infection. For example, Freudenberg Performance Materials is right now expanding its ability for nonwoven media for raising the quantities of facial coverings. The cover is being delivered utilizing regular organic product removes and has the ability to catch the infection.
Nanotechnology is being utilized by businesses for limiting the progression of the infection while allowing air to course unreservedly. Ventilation frameworks utilizing this innovation can confine the development of the COVID-19 infection and let activities proceed unabated. As to the University of Houston, nanotech coatings are basic during chilly climates and keep up with indoor air quality. These coatings are supposed to be introduced all through New York City and catch infection particles.
MARKET ESTIMATION:
ON THE BASIS OF PRODUCT:
On the basis of product type, the industrial air filtration market has been isolated into dust authorities, oil fog gatherers, HEPA channels, cartridge authorities and channels, baghouse channels, welding rage extractors, wet scrubbers, and dry scrubbers. Among these, the wet scrubber’s portion held the biggest piece of the pie in 2019 and is additionally expected to observe a CAGR surpassing 7% over the conjecture period. Wet scrubbers have a predictable assortment of effectiveness, wind current, and static tension, by virtue of which it very well may be utilized in the scope of utilization where e steady wind stream is required. Be that as it may, there are not many elements hampering the development of wet scrubbers like high power utilization, consumer issues, and a high measure of waste age.
ON THE BASIS OF END-USE:
The industrial air filter in the creation vertical is of basic significance as they safeguard touchy and high-level assembling processes and decrease the gamble of microbiological as well as sub-atomic pollution. These purifiers principally track down the applications in concrete, food, horticulture, drug, metal handling, mash and paper, plastic, and power ventures. . The market is supposed to observe impressive development as modern air filtration frameworks help handle harmful, risky, and radioactive gas streams. Besides, power age plants need to obligatorily keep up with air and gas stream rates inside the ecological boundaries, prompting the expanded utilization of such decontamination hardware.
ON THE BASIS OF PRODUCT
Dust Collectors
Oil Mist Collectors
HEPA Filters
Cartridge Collectors & Filters (CC&F)
Baghouse Filters
Welding Fume Extractors
Wet Scrubbers
Dry Scrubbers
ON THE BASIS OF END-USE
Cement
Food
Metals
Power
Pharmaceutical
Agriculture
Paper & Pulp and Woodworking
Plastic
Others
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REGIONAL ANALYSIS:
Europe held the biggest piece of the pie and represented over 27.0% of the worldwide market for industrial air filtration that year. The food business in Europe is exceptionally broadened and is portrayed by the presence of a few limited scope organizations. It is normal to observe solid development over the course of the following couple of years, as most would consider being normal to drive the territorial market. Latin America held a humble offer in 2021, however, is supposed to record a sound development at a CAGR surpassing 7.5% over the course of the following seven years. This development is ascribed to the rising interest in the metal and food and drink ventures in the area.
The Asia Pacific market for industrial air filtration is supposed to show a CAGR of over 8% over the gauge period. Quick industrialization and expanding per capita pay are supposed to drive the local market. China is supposed to arise as an overall center for modern air filtration gear production attributable to its low work and foundation costs. In addition, the area is ventured to observe the passage of a few drug organizations to meet homegrown commodity and import requests, in this manner helping provincial development.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
The major key players are Ahlstrom-Munksjö, Air Filters, Inc., American Air Filter Company Inc. (Daikin Industries Ltd), Camfil, Donaldson Company, Inc., Filtration Group Freudenberg Filtration Technologies SE & Co. KG, Lydall, Inc., MANN+HUMMEL, Parker-Hannifin Corporation & Other Players.
American Air Filter Company Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 7.33 Billion |
| Market Size by 2031 | US$ 12.1 Billion |
| CAGR | CAGR of 6.42 % From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Module Type (Intelligent Power module, Power Integrated module) • by Propulsion (Electric vehicles, ICE vehicles) • by Vehicle Type (Passenger cars, Commercial vehicles) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Ahlstrom-Munksjö, Air Filters, Inc., American Air Filter Company Inc. (Daikin Industries Ltd), Camfil, Donaldson Company, Inc., Filtration Group Freudenberg Filtration Technologies SE & Co. KG, Lydall, Inc., MANN+HUMMEL, Parker-Hannifin Corporation. |
| Key Drivers | •Environmental regulations and standards are becoming increasingly important over the world. •Global industrialization is accelerating. |
| RESTRAINTS | •High capital investment •Slower repurchase cycle |
Ans: The Industrial Air Filtration Market size was valued at USD 7.33 Bn in 2023.
Ans: - Connected with limitations in terms of functionality and for industrial air filtration, technological inefficiencies might be a problem.
Ans: - Europe held the largest market share of the Industrial Air Filtration market.
Ans. The Industrial Air Filtration Market is to grow at a CAGR of 6.42 % over the forecast period 2024-2031.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Air Filtration Market Segmentation, by Product
8.1 Dust Collectors
8.2 Oil Mist Collectors
8.3 HEPA Filters
8.4 Cartridge Collectors & Filters (CC&F)
8.5 Baghouse Filters
8.6 Welding Fume Extractors
8.7 Wet Scrubbers
8.8 Dry Scrubbers
9. Industrial Air Filtration Market Segmentation, by End-Use
9.1 Cement
9.2 Food
9.3 Metals
9.4 Power
9.5 Pharmaceutical
9.6 Agriculture
9.7 Paper & Pulp and Woodworking
9.8 Plastic
9.9 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Carrier Global Corporation
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Daikin Industries
11.3 Danfoss
11.4 Delta Controls
11.5 Emerson Electric
11.6 Honeywell International Inc
11.7 Johnson Controls
11.8 LG Electronics
11.9 Schneider Electric
11.10 Siemens
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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