PUBLISHER: The Business Research Company | PRODUCT CODE: 1409516
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409516
“Industrial Air Filtration Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial air filtration market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial air filtration? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The industrial air filtration market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Industrial air filtration involves the removal of solid particles and molecular pollutants from industrial operations to improve air quality within a system or environment. Its purpose is to prevent hazardous contaminants from affecting equipment and to purify air and gas streams for the safety of personnel and the workplace.
The primary types of industrial air filtration include dust collectors, mist collectors, fume collectors, HEPA filters, cartridge collectors and filters, baghouse filters, and other related products. Dust collectors, for instance, are designed to collect dirt, dust, debris, gases, and chemicals from the air, resulting in a cleaner air environment within the facility. These filtration systems find applications in various industries such as cement, food and beverages, metal, power, pharmaceutical, chemical and petrochemical, paper and wood processing, agriculture, among others, and can be utilized in both new systems and as replacements.
The industrial air filtration market research report is one of a series of new reports from The Business Research Company that provides industrial air filtration market statistics, including industrial air filtration industry global market size, regional shares, competitors with an industrial air filtration market share, detailed industrial air filtration market segments, market trends and opportunities, and any further data you may need to thrive in the industrial air filtration industry. This industrial air filtration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial air filtration market size has grown strongly in recent years. It will grow from $14.16 billion in 2023 to $15.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The expansion observed during the historical period can be attributed to factors such as heightened awareness of health and safety, the growth of industrialization, global economic trends, innovations in material science, and the pursuit of cost savings through energy efficiency.
The industrial air filtration market size is expected to see strong growth in the next few years. It will grow to $20.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to factors such as the integration of Industry 4.0, increasing awareness of air quality, the expansion of end-use industries, a heightened focus on sustainable practices, and an emphasis on pandemic preparedness. Key trends expected during this period include a rising demand for clean air solutions, the implementation of stringent environmental regulations, ongoing technological advancements, the global impact of pandemic preparedness, and an increased focus on energy efficiency.
The industrial air filtration market is poised for growth, driven by the global increase in air pollution levels. Air pollution, the release of harmful pollutants into the atmosphere, poses risks to human health and the environment. Industrial air filters serve the purpose of capturing and containing these pollutants, preventing their release into the surroundings. Installing such filters in factories and industrial settings significantly reduces emissions, contributing to improved air quality. For instance, IQAir's global air quality data platform reported a 7% increase in average particle pollution levels in the United States in 2021, underscoring the need for industrial air filtration solutions. Hence, the surge in global air pollution levels is a key driver for the industrial air filtration market.
The industrial air filtration market is anticipated to experience growth propelled by the escalating demand for clean energy. Clean energy comprises environmentally friendly energy sources that minimize or eliminate harmful emissions. Industrial air filtration plays a pivotal role in the clean energy sector by managing and controlling air pollutants generated during the production, processing, and utilization of clean energy sources. In 2021, annual global renewable capacity installations reached a record high, growing by 6% to approximately 295 GW, with expectations of further growth to around 320 GW in 2022, as reported by the International Energy Agency. This surge in clean energy demand is a significant factor driving the growth of the industrial air filtration market.
A prominent trend in the industrial air filtration market is the focus on product innovations. Major companies in the industry are dedicated to developing innovative solutions to enhance their market standing. For example, Avient Corporation introduced the MagIQ Non-Woven Electret additive for HEPA filters in December 2021. This innovative additive creates charge traps in melt-blown non-woven materials, aiding in attracting and capturing airborne particles. Additionally, it improves material crystallinity and mechanical deformation, preventing electret charge drift. This innovation is applicable to various settings, including home appliances, automobiles, and construction.
Major players in the industrial air filtration market are committed to developing cutting-edge products such as high-efficiency filters to gain a competitive advantage. High-efficiency particulate air (HEPA) filters, capable of removing at least 99.97% of airborne particles with a diameter of 0.3 micrometers, are a notable example. Alkegen launched LydAir GP in September 2022, a composite material featuring sorbent particles designed for efficient air filtration. The material exhibits a 20%-30% improvement in performance per specific gram of media, providing higher efficiency and customizable performance to meet diverse application requirements.
In January 2022, MANN+HUMMEL GmbH acquired Pamlico Air for an undisclosed sum. This acquisition is expected to accelerate MANN+HUMMEL's growth in the indoor air filtration industry, a rapidly expanding sector. Pamlico Air, a US-based provider of high-quality indoor air filtration solutions, aligns with MANN+HUMMEL's commitment to advancing filtration technology.
Major companies operating in the industrial air filtration market report are American Air Filter Company Inc., Camfil Svenska AB, Parker Hannifin Corporation, Cummins Inc., Donaldson Company Inc., MANN+HUMMEL GmbH., SPX Corporation, Honeywell International Incorporated., ALFA LAVAL AB, Freudenberg & Co. KG, Air Filter Industries Pvt. Ltd., BWF Offermann Waldenfels & Co. KG, Pall Corporation, Flanders Corporation, Lydall Inc., Kaeser Compressors Inc., Master Fluid Solutions, Metalfab MHS LLC, Midwesco Filter Resources Inc., Polycold Systems Inc., Porvair Sciences plc, Purafil Inc., QVF Process Systems Inc., Sefar Holding AG, Siemens AG, Sutorbilt Inc., Trane, Graver Technologies LLC, Nederman Holding AB, Walterscheid Powertrain Group .
North America was the largest region in the industrial air filtration market in 2023. The regions covered in the industrial air filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the industrial air filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial air filtration market consists of sales of filtering components such as pre-filter, main filter, air purification, filter housing, fan, ductwork, control system, and related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.