Industrial air filtration market 2019 to 2024, key industry players & growth trends
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.
As per the survey carried out by
U.S. Environmental Protection Agency (EPA), ever since 1990, the power
generation sector alone has been accounting for nearly 31% greenhouse gas
emission, followed by transportation industry responsible for almost 27%
emission. Quite overly, most of the companies contributing to the
aforementioned industry sectors have been continuously conducting research and
development activities to improve the quality of gases emitted from their
facilities.
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The rapid industrialization
across the globe is tandem with the growing awareness regarding the importance
of maintaining air quality is certain to lend a positive outlook to industrial
air filtration market. In order to comply with the stringent regulatory
framework, most of the firms have been looking forward to installing air
treatment facilities at their workplaces. Driven by the surging requirement of
highly efficient and cost-effective air filtration systems, giants in
industrial air filtration industry have been investing heavily in research and
development activities on a large scale.
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 industrial air
filtration market demand.
Air filters debuting in the
global industrial space may have been quite a disruptive force back then,
however, as of today, the product has extensively widened its scope of
application. Prior to the inception of this domain, finding optimized energy
utilization and a higher degree of air filtration on a single platform was
unheard of, as traditional filters required higher pressure drops to carry out
the filtration process more efficiently. However, since then, air filtration
has come a long way and through extensive research and development, and since
the last half a decade, manufacturers have finally been able to develop
efficient air filters that exhibit minimum intrinsic pressure drop at the end
level of separation. This paradigm shift in the conventional filter design has
provided a significant impetus to industrial air filtration market outlook.
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Global industrial air filtration
market share is fragmented with key players including AAF, Absolent Group, BWF
Protec, Camfil Group, Cummins, Clarcor, AGET Manufacturing, Gutsche, Kayser,
SPX Corporation, Pall Corporation and Purafill.
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Corporate Sales, USA
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Industrial air filtration market 2019 to 2024, key industry players & growth trends
Reviewed by Pradip Varpe
on
October 15, 2019
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