The global industrial air filtration
market is expected to reach USD 6.08 billion by 2025. The growing demand for
high-performing, energy-efficient products is expected to catapult the demand
over the forecast period. Further, environmental awareness and rapid
industrialization coupled with resource scarcity are also expected to catalyze
the market growth over the next nine years. Technological advancements have
resulted in the manufacturing of a new filter media to meet the demand of
energy-efficient products. This, in turn, has instigated the development of
innovative raw materials such as small fibers and is anticipated to provide new
avenues for industry growth.
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Financial drivers are also expected to
play key roles in incentivizing end-users to enhance the performance of a
manufacturing process and reduce manufacturing costs. The industry is
anticipated to witness the movement of manufacturing facilities to China or
Eastern Europe, primarily, to cut-down manufacturing costs. Industrial air
filters are critical components of the manufacturing industry as they are used
to protect sensitive and advanced manufacturing processes and reduce the risk
of molecular or microbiological contaminations. They also eliminate hazardous
emissions in several manufacturing processes and are expected to witness a
healthy demand in the European market, owing to a spate of regulations
governing these industries.
Further key
findings from the report suggest:
Dust collectors accounted for over 20% of the overall market in 2015,
owing to their widespread usage in industrial applications, primarily, in
controlling air pollution
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The demand for filters in the power segment accounted for over 10% of
the overall revenue in 2015 and the segment is expected to witness a steady
growth over the next nine years, as power generation industries have numerous
filter requirements, such as increasing effectiveness and efficiency, for
environment protection.
Asia Pacific accounted for over 20% of the overall revenue in 2015 and
is expected to witness a substantial growth over the forecast period, which is
accredited to the high penetration of these products across the metals industry
to support several regulatory requirements
Key players, such as Donaldson Company, Clarcor, Inc., Cummins
Filtration, and Camfil, enhanced their market position through mergers &
acquisitions and expanded their geographical reach
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