Industrial Air Filtration Market Key Trends & Opportunities over 2019 - 2024

The report presenting a comprehensive exploration of the global Industrial Air Filtration Market encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the Industrial Air Filtration industry in the near future.

Essentially powered by the increasing deployment of air quality mapping platforms, industrial air filtration market has been witnessing remarkable growth lately. Since the last few years, industrialization trends across the globe have resulted in a severe rise in air pollution levels, the disastrous effects of which have been manifested on biodiversity. In fact, in a few countries, many people have even lost their lives because of health problems created due to polluted air. For the record, in 2012, the World Health Organization (WHO) reported that 7 million of the global populace lost their lives because of rising air pollution levels worldwide.

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Given the overt fact that air pollution leads to several respiratory and chronic pulmonary diseases, regional governments have taken initiatives to increase the quality of indoor as well as outdoor air. In order to comply with the regulatory framework mandated with regards to air pollution, most of the companies are now installing different types of air filtering equipment at their facilities – a factor that will favorably impel industrial air filtration market share.

Speaking along the same lines, most of the European countries and some of the leading regions across the APAC including China, India and South Korea have tightened the regulatory norms related to the industrial sectors – a move that has seemingly helped them improve the country’s economic strategies on a large scale. For instance, a few years before, the European Union (EU) deployed stringent environmental policies to curb air pollution. While drafting the norms, it had considered few core issues related to air pollution which includes hazards to public and occupational health, biodiversity losses, and overuse of natural resources. It had been observed that post the implementation of strict environmental policies, the economic growth of the continent observed a meteoric rise.

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The EU had also adopted the Clean Air Policy Package directive in 2013, that estimated the prevention of at least 58,000 deaths per year through the implementation of better policies. The estimates also claimed that close to EUR 40 billion to EUR 140 billion could be saved in external costs while EUR 3 billion could be saved in direct benefits due to reduced healthcare costs, few work sick days, and improved productivity. The deployment of strict regulations by the EU has thus proved to be highly lucrative for the regional industrial air filtration market.

Taking into account the cost-effective benefits of deploying air filtration systems at the workplace, many companies have been striving to install the same on a large scale, especially across the developed economies, fueling industrial air filtration market size. In the U.S., the regulatory bodies like the Occupational Safety and Health Administration play a pivotal role in encouraging companies to install air quality enhancement equipment for the betterment of occupational health. In fact, the organization has suggested a few recommendations for the employers to prevent health problems generated due to poor indoor air quality.

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Validating the aforementioned fact, one of the London based start-ups, Smart Separations, recently developed a revolutionary filtration system, which could be implemented across various industries including biomedical and food processing for improving air quality. Taking into account the applicability and cost-effectiveness of newly developed air filtration systems for industrial use, the UK government seems to have pulled up its sleeves to provide financial support for inventing cost-effective air filtration technology, fueling the regional industrial air filtration market outlook.

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Industrial Air Filtration Market Key Trends & Opportunities over 2019 - 2024 Industrial Air Filtration Market Key Trends & Opportunities over 2019 - 2024 Reviewed by Vinayak Shinde on July 02, 2019 Rating: 5

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