The industrial air filtration market is expected to grow at a 6.2% CAGR during the forecast period, reaching a valuation of US$ 45.2 billion by 2027, up from US$ 33.5 billion in 2022.
The high capital and operational costs associated with these systems are expected to stymie industrial air filtration sales. Purification of polluted air requires the use of specialized filtration technology, which requires a higher initial investment.
“Growing environmental concerns, as well as dwindling raw material supplies and natural depositories, are likely to drive industry expansion throughout the projection period.”
In end-use industries, air filtration is used to improve air quality. As a result, the demand for industrial air filtration is inextricably linked to the operation of manufacturing facilities.
As a result, manufacturing operations disruptions are expected to have an immediate negative impact on the global industrial air filtration market. Air cleaners help to prevent the spread of airborne viruses and germs, which aids in the prevention of coronavirus illnesses. As a result, the market for air cleaners will grow.
People are avoiding in-store purchases due to concerns about the spread of coronavirus illnesses. As a result, online platforms are playing an important role in boosting supply chains.
Environmental regulations and standards are gaining popularity around the world as a means of mitigating the impact of industrial emissions. These guidelines emphasize the use of non-toxic materials, changes in manufacturing methods, and the implementation of conservation strategies.
The rise in global air pollution levels is one of the primary factors driving the global industrial air filtration market. Several manufacturing companies have responded by putting in industrial air filtering equipment.
Furthermore, governments all over the world are enforcing harsh penalties for air pollution violations. This is also beneficial to the global industrial air filtration industry.
The global industrial air filtration market is divided into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe.
The Asia Pacific region now dominates the global market, accounting for the largest share of the industrial air filtration market.
The presence of various pharmaceutical and cement manufacturing enterprises in the region is a significant driver of the Asia Pacific industrial air filtration market. These companies require high-end industrial air filtering machines in their manufacturing facilities.
Furthermore, the rapidly rising economies of China and India are expected to play a significant role in the future growth of the Asia Pacific industrial air filtration market.
Industrial air filtration sales in North America and Europe are also expected to rise steadily over the forecast period.
Key Takeaway
- AAF
- Absolent Group
- Lydall Inc
- BWF Group
- CAMFIL GROUP
- Parker Hannifin Corporation
- Cummins Inc
- Donaldson Co
- AGET Manufacturing
- Freudenberg & Co. Kg
- Lydall Gutsche GmbH & Co
- Kayser
