Industrial Air Filtration Market Size By Application (Cement, Power, Food, Metals, Pharmaceuticals), By Product (Dust Collectors, HEPA Filters, Mist Collectors, Baghouse Filters, Cartridge Collectors & Filters), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022

Industry Trends

Industrial air filtration market size was valued at USD 3.74 billion in 2014. Stringent regulatory norms regarding emission levels are anticipated to drive the industry over the next few years.
 

U.S. industrial air filtration market size by product, 2012-2022 (USD Million)

The directive 2008/1/EC of the Council and the European Parliament sets minimum requirements for plants and facilities in terms of pollutants released. Its primary aim is to prevent or reduce the atmospheric pollution whilst ensuring the environmental protection.

The Directive on IPPC (Integrated Pollution Prevention and Control) along with numerous directives on large combustions plants set Emission Limit Values (ELVs) designed to deliver reductions in anthropogenic emissions to air from industrial sources. Stringent regulations related to mercury and NOx emissions, specifically in China are also predicted to positively impact industrial air filtration market size.

Increasing number of industries such as cement manufacturing, power generation and chemicals & metal processing may discharge huge amount of air pollutants. Escalating number of coal-fired power plants in India as well as China is anticipated to lead to the formation of several regulatory norms for curtailing the discharge of harmful emissions into the atmosphere.

Latest filtration products enable plant managers and system designers to cut down operational cost and also realize savings related to energy cost as well as complying with required quality standards. Resource scarcity, rising environmental awareness, and surging urbanization are the key factors estimated to drive the global industrial air filtration market growth over the forecast period. A large number of technologies are now involved for increasing the quality as well as performance of these filtration systems.

Huge initial capital involvement and high operational cost may hamper the industrial air filtration market over the forecast period. In addition, filtration of contaminated air requires additional equipment which may further add to capital expenditure. This in turn is predicted to make the overall system expensive to operate in terms of energy consumption as well as maintenance cost. HEPA filters are predicted to experience substantial growth prospects owing to variety of benefits offered.
 

Industrial Air Filtration Market, By Product

Dust collectors market is estimated to be valued over USD 1.6 billion by 2022. The growth in demand for these products can be credited to minimal maintenance, improved worker health & safety features offered and cheap operating cost.
 

Mist collectors accounted for more than 20% of the overall industry share in 2014, mainly on account of their surging application in the food processing industry. The capability of these filters to remove oil mist, coolant mist, fumes, and steam from food & beverage manufacturing processes is expected to propel demand over the next seven years.
 

Industrial Air Filtration Market, By Application

Industrial air filtration market share in the metals sector is expected to grow at a CAGR of over 8.5% from 2015 to 2022. Its ability of removing air-borne suspensions and thus improving worker safety is likely to drive demand over the forecast period.
 

The power sector accounted for over 15% of the global revenue in 2014. Increasing implementation of these filters in nuclear installations such as power generation units, fuel processing installations & waste management and nuclear energy research facilities is predicted to positively impact the industry growth.
 

Industrial Air Filtration Market, By Region

Asia Pacific industrial air filtration market share is likely to grow at a CAGR of over 9% from 2015 to 2022. The growth in the regional industry can be attributed to rising demand from the end-use sectors. Escalating investments in filter solutions to provide compliance with permitted particle exposure level is expected to further drive demand growth.
 

Europe industrial air filtration market size accounted for over 25% of the overall revenue in 2014.

Competitive Market Share

Key industry players occupying major industrial air filtration market share include Clarcor, Donaldson, and Camfil. Pall Corporation, SPX, AAF, Cummins Filtration, Flanders Corp, and Freudenberg Group were also notable participants. Considerable R&D investment as well as mergers and acquisitions were among key growth strategies. Incumbent participants possess high degree of technical expertise, strong global presence, as well as a well-established customer base.
 

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