Industrial Air Filtration Market To Witness A Significant Growth Of USD 11.72 Billion By 2030


 San Francisco, 3 Jan 2023: The ReportIndustrial Air Filtration Market Size, Share & Trends Analysis Report By Product (HEPA Filters, Dust Collectors), By End-use (Food & Beverage, Pharmaceutical, Metal), By Region, And Segment Forecasts, 2022 - 2030

The global industrial air filtration market size is anticipated to reach USD 11.72 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.0% from 2022 to 2030. Growing demand for high-performing, energy-efficient products and stringent industrial regulations such as Clean Air Act are expected to propel the demand over the forecast period.

Growing electricity consumption has resulted in the development of new power generation plants, which is expected to be a major factor positively influencing market demand for industrial air filtration equipment. Furthermore, the implementation of stringent government regulations to protect human health by limiting airborne pollutant concentrations will contribute to market growth.

Companies across the globe are turning towards sustainable alternatives such as green manufacturing in order to improve competitive advantage. Moreover, governments globally are collaborating with environmental organizations to develop standards to control harmful emissions, thereby contributing to market expansion.

Industrial air filtration systems improve the safety and health aspects of running a pressurized system, thus increasing supply reliability while lowering the risk of production loss. Furthermore, an efficient industrial air filtration system conserves energy by significantly lowering energy consumption in various industrial applications such as food, pharmaceutical, and agriculture.

Modern air filtration products help filtration plant managers and system designers reduce operating costs and save energy costs while meeting required quality standards. Rapid urbanization, resource scarcity, and growing environmental awareness are anticipated to drive the market over the forecast period.

Companies such as Honeywell International, Inc.; MANN+HUMMEL; and Daikin Industries, Ltd. are undertaking strategic acquisitions, partnerships, and product launches to strengthen their product portfolio. For instance, in March 2021, MANN+HUMMEL announced its strategic investment in Pamlico Air, thus driving value for MANN+HUMMEL’s air filtration business.

Access Research Report of Industrial Air Filtration Market @ https://www.grandviewresearch.com/industry-analysis/zero-friction-coatings-market-report

Industrial Air Filtration Market Report Highlights

  • HEPA filters led the market and accounted for over 25.0% share in 2021 owing to the presence of air filters with advanced efficiency that removes microscopic organisms that may cause serious harm and inorganic dust suspended in the air
  • The power segment is expected to witness steady growth as this industry has to comply with several government regulations including EPA and OSHA standards
  • The food & beverage segment accounted for the largest share of over 20.0% in 2021. Legislations pertaining to food safety coupled with codes of practice for high-risk food manufacturing provide avenues for market growth
  • Asia Pacific is estimated to register a significant CAGR of 6.8% over the forecast period owing to the high penetration of these products across the metal and plastic industry coupled with increased R&D spending in the Asia Pacific food & beverage industry
  • The market is competitive due to the presence of multinationals operating in the industry. It is characterized by the presence of a significant consumer base with the companies operating their business through dedicated distribution networks

List of Key Players in Industrial Air Filtration Market

  • Honeywell International, Inc.
  • MANN+HUMMEL
  • Daikin Industries, Ltd.
  • Danaher
  • Donaldson Company, Inc.
  • SPX Technologies
  • Lydall, Inc.
  • Alfa Laval
  • PARKER HANNIFIN CORP.

Access Press Release of Industrial Air Filtration Market @ https://www.grandviewresearch.com/press-release/global-industrial-air-filtration-market

 

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more