The industrial air filtration market is capturing a valuation of USD 32.2 billion in 2023 and is predicted to reach USD 56.1 billion by 2033. The market is registering a CAGR of 5.7% during the forecast period.
Growing environmental concerns, dwindling raw material supplies, and natural depositories are likely to drive industry expansion throughout the projection period.
The sales of industrial air filtration are projected to be hampered by the high capital and operational costs involved with these systems. The purification of polluted air necessitates specialized filtration technology, which demands a high initial expenditure.
Attribute | Details |
---|---|
Market CAGR (2023 to 2033) | 5.7% |
Market Valuation (2023) | USD 32.2 billion |
Market Valuation (2033) | USD 56.1 billion |
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Environmental regulations and standards are gaining traction across the world as a means of reducing the impact of industrial emissions. These guidelines emphasize the use of non-toxic materials, the modification of manufacturing methods, and the use of conservation strategies.
One of the primary factors driving the worldwide industrial air filtration market is the rise in air pollution levels worldwide. Several manufacturing organizations have responded by installing industrial air filtering equipment.
Governments worldwide are enforcing stringent penalties for violating air pollution regulations. The worldwide industrial air filtration industry is also benefiting from this. Another driver boosting the global market is the growth of the healthcare and biotechnology industries.
The worldwide market's key end-use application industries are healthcare and biotechnology. As a result, the worldwide industrial air filtration market is likely to benefit from the growth of these industries.
The Environmental Protection Agency in the USA is in charge of pollution control regulations (EPA). The Pollution Prevention Act, the Clean Air Act, the Clean Water Act, and the National Environmental Policy Act are only a handful of the country's vital rules and legislation.
The economic and industrial development of nations worldwide determines the growth of the sales of industrial filtration. As a result, any bad economic conditions might hamper the industrial filtration industry.
Global economic development has been fluctuating and growing increasingly unstable in recent years, owing to rising trade and geopolitical tensions, which have increased uncertainty in the global trading system. Moreover, due to the uncertain economic climate, extra plant capacity and expansion projects in power generation, oil and gas, chemicals, pulp and paper, and pharmaceuticals are frequently delayed or canceled, affecting the industrial filtration industry.
Effective energy use during the industrial filtering process is a significant issue limiting market expansion. Ultrafiltration and centrifugal filtration, for example, consume a substantial amount of energy in the processing business.
With the growing cost of energy throughout the world, this issue significantly impacts manufacturers' profit potential, opening up options for alternate treatment techniques over filtering.
Filtration is a fundamental separation process used in many sectors, including chemicals and petrochemicals, metals and mining, and medicines, in which pollutants in air and fluids are eliminated by placing a barrier layer between the airflow and the fluid flow.
The demand for clean energy, clean water, secure food supply, and improved medical services for all humanity is growing as the world population and rising urbanization expands. The market is expected to grow as a result.
The demand for technologically advanced equipment and the energy required to power them might rise in the future. Utility supply has been stretched due to increased demand from many businesses.
Market participants are constantly refining their existing products and investing in research of the new media to satisfy increasing capacity demands and enhanced filtration performance as an enabling technology for these sectors.
The market was valued at USD 24.2 billion in 2018 and further recorded at USD 30.6 billion in 2022. The market experienced steady growth due to increasing awareness related to air pollution, stringent government regulations, and safe working environments.
The increasing industrialization, rising economies, and improving air quality in developing countries such as Brazil, India, and China are driving market growth. The rising technological advancements and innovative products among key players play a significant role in the global market.
The end-user industries such as chemical, food and beverages, automotive, manufacturing, pharmaceuticals, and power generation are upsurging the global market. These sectors enhance productivity, reduce environmental impacts, and protect worker health by implementing air filtration solutions.
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Based on the product, the market has been classified into Dust Collectors, Mist Collectors, HEPA Filters, CCF, and Baghouse Filters. Dust collectors are estimated to collect a maximum share of 40.5% of the global market during the forecast period.
Dust collectors are significantly used in various industries such as mining, cement, woodworking, and food processing. It plays an essential role in removing dust particles, ensuring a clean environment, and protecting the environment.
Wet scrubbers are capturing a significant share and are expected to continue to do so during the foreseeable period. Benefits such as static pressure, airflow, and excellent collection efficiency contribute to this rise.
Dry scrubbers have evolved as a viable alternative to wet scrubbers, addressing many disadvantages. Over the projected period, the dry scrubbers segment is predicted to grow significantly. This increase is credited with benefits such as strong corrosion resistance, little waste output, and low operating costs.
Based on application, the market can be classified into Cement, Food, Cereal ingredients, Metals, Power, and Pharmaceuticals. The cement industry is expected to develop quickly in the market. The demand for industrial air filtration is widely used to maintain air quality by collecting dust and cleaning exhaust gas.
The adoption of industrial air filtration is rising due to maintaining high-quality cleaning with cement plants. This air filtration is used to handle raw material and waste heat recovery, which fuels the market size. The cement sector is estimated to secure a share of 23.5% in the global market during the forecast period.
Countries | Market Share (2023 to 2033) |
---|---|
The United States | 18.6% |
Germany | 3.7% |
Japan | 4.1% |
Australia | 1.3% |
China | 6.5% |
India | 6.9% |
The United Kingdom | 4.4% |
North America, Latin America, Asia Pacific, the Middle East, Africa, and Europe comprise the global market. The United States region dominates the worldwide market, having the maximum share of 18.6% globally.
Various pharmaceutical and cement manufacturing enterprises in the area are key drivers of Asia Pacific market. In their production facilities, these businesses demand high-end industrial air filtering machines. Increasing demand for high-quality and advanced industrial air filtration in several end-use industries such as automotive, cement, and pharmaceuticals, among others are fueling the global market.
The notably rising economies of China and India are projected to play a significant role in the growth of Asia Pacific market shortly. The sales of industrial air filtration in North America and Europe are also expected to grow steadily throughout the forecast period.
The markets in Latin America, the Middle East, and Africa are still developing and are expected to rise steadily during the projected period. In the next few years, the growing movement of manufacturing sectors from developed to emerging areas is likely to provide appealing prospects for market participants. It is likely to bring unique and customized filtering products to these sectors.
The Market is Highly Competitive with the Present Number of Key Players
In the next few years, the market rivalry is projected to heat up as new and potential businesses try to break into the market. Several leading companies in the global market are projected to use aggressive methods such as mergers, partnerships, joint ventures, and acquisitions.
These companies focus on developing advanced products as per consumers’ desires. They are innovating unique products that satisfy customers’ desires. The companies are offering advanced, high-performance industrial air filtration to upsurge the market.
Through their various marketing strategies, players are upsurging the market to another height. With the newly launched products with deep research, these players are achieving their goals in the global market.
Other Prominent Players Working in the Global Market:
Recent Developments in the Global Market:
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD billion for Value |
Key Countries Covered | The United States, The United Kingdom, Japan, India, China, Australia, Germany |
Key Segments Covered | Product, Application, Region |
Key Companies Profiled | 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 |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The industrial air filtration market is pegged at a value of USD 32.2 billion in 2023.
The industrial air filtration market is estimated to reach USD 56.1 billion by 2033.
Sales of industrial air filtrations are anticipated to surge at a CAGR of 5.7% through 2033.
With a sizeable share of 18.6% of the global market, the United States is a key hub in the industrial air filtration industry.
The industrial air filtration market's worth was USD 24.2 billion in 2018 and escalated to USD 30.6 billion in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Dust Collectors 5.2. Mist Collectors 5.3. HEPA Filters 5.4. CCF 5.5. Baghouse Filters 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Cereal ingredients 6.1.1. Spices 6.1.2. Feed & Raw grain agricultural products 6.1.3. Eggshell & dust 6.1.4. Sugar dust 6.1.5. Flours 6.1.6. Corn starches 6.1.7. Others 6.2. Metals 6.2.1. Grinding 6.2.2. Sandblasting 6.2.3. Welding Fumes 6.2.4. Fine powders 6.2.5. Others 6.3. Cement 6.4. Food 6.5. Power 6.6. Pharmaceuticals 6.7. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. AAF 15.2. Absolent Group 15.3. Lydall Inc 15.4. BWF Group 15.5. CAMFIL GROUP 15.6. Parker Hannifin Corporation 15.7. Cummins Inc 15.8. Donaldson Co 15.9. AGET Manufacturing 15.10. Freudenberg & Co. Kg 15.11. Lydall Gutsche GmbH & Co 15.12. Kayser 16. Assumptions & Acronyms Used 17. Research Methodology
Industrial Automation
May 2023
REP-GB-14425
324 pages
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