Industrial Air Filtration Market
According to several current industry reports, the demand for high-performing, energy-efficient air filtration products is expected to increase exponentially. Grand View Research, Inc., states that the global industrial air filtration market will reach $6.08 billion by 2025. In addition, Global Market Insights, Inc. has this same market exceeding $7.12 billion as early as 2022.
One reason driving this growth are the strict government norms related to health and safety. Product penetration is also projected to increase with high efficiency and performance features expected to propel demand for the next six years. Environmental consciousness has increased among consumers and has spurred strong industrial and infrastructure investments.
Technological advancements have manufacturers creating new filter media to meet the demands of energy-efficient products. New and innovative raw materials are being developed, such as small fibers that are also anticipated will provide new avenues for revenue growth.
Industrial air filters are used to protect sensitive manufacturing processes and reduce the risk of molecular or microbiological contaminations as well as eliminate hazardous emissions. They are a critical answer for companies required to meet multiple regulations governing this global industry.
Global Industrial Air Filtration Market: Overview
Industries which utilize industrial HVAC air filters include: GT power generation, hospitals, healthcare and medical facilities, pharmaceuticals and laboratories, automobile and industrial manufacturing, microelectronics and cleanrooms, airports, hotels and casinos, to name a few.
By product, air filtration covers several segments such as: HEPA filters (high efficiency particulate air), carbon/gas phase air filters, cartridge filters, dust collectors, mist eliminators and baghouse filters. This market can be further segmented to include food, power, metals, agriculture, woodworking and paper & pulp, plastic, cement and pharmaceuticals.
Reduction in pressure drop, as well as the biological contaminant reduction in filter media, are expected to have a positive impact on demand. Food handling and sanitary regulations are projected to increase demand in the next seven years.
Regional Analysis
Geographically, the air filtration market can be segmented into North America, South America, Europe, the Middle East and Africa and Asia Pacific. Europe is likely to account for a large market share and will continue to do so.
In Europe the food industry is vast and due to the presence of several small-scale businesses, the market is expected to grow even further. Because of environmental policies and the rise in number of manufacturing, healthcare, power generation, as well as oil and gas industries, the market of Asia Pacific is also expected to grow rapidly.