The Industrial Air Filtration Market Share was valued at USD 10.71 billion in 2022. It is projected to reach USD 19.06 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.47% during the forecast period from 2023 to 2030.
The Industrial Air Filtration market has witnessed substantial growth and is expected to continue its upward trajectory in the coming years. This growth can be attributed to various factors, including increasing awareness about air pollution and its detrimental effects on human health and the environment.
Rapid industrialization and urbanization have led to a surge in industrial activities, resulting in higher levels of air pollution. As a result, there is a growing demand for effective air filtration systems to mitigate the harmful effects of pollutants emitted by industries.
Furthermore, stringent government regulations and environmental norms regarding air quality have compelled industries to adopt advanced air filtration technologies. This has further fueled the market growth.
The market is segmented based on various factors such as product type, end-use industry, and region. By product type, the market is categorized into dust collectors, mist collectors, HEPA filters, baghouse filters, and others. Among these, the dust collectors segment holds a significant market share due to its wide application across various industries.
In terms of end-use industries, the Industrial Air Filtration market caters to sectors such as manufacturing, power generation, pharmaceuticals, food and beverages, and others. The manufacturing sector dominates the market owing to the high concentration of industrial activities and the need for efficient air filtration systems to maintain a healthy working environment.
Geographically, North America holds a prominent share in the Industrial Air Filtration market, followed by Europe and Asia Pacific. The presence of major market players, stringent regulations, and increasing investments in research and development activities contribute to the dominance of these regions.
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KEY MARKET SEGMENTATION
ON THE BASIS OF PRODUCT
- Dust Collectors
- Oil Mist Collectors
- HEPA Filters
- Cartridge Collectors & Filters (CC&F)
- Baghouse Filters
- Welding Fume Extractors
- Wet Scrubbers
- Dry Scrubbers
ON THE BASIS OF END-USE
- Cement
- Food
- Metals
- Power
- Pharmaceutical
- Agriculture
- Paper & Pulp and Woodworking
- Plastic
- Others
Key Players
The major key players are Ahlstrom-Munksjö, Air Filters, Inc., American Air Filter Company Inc. (Daikin Industries Ltd), Camfil, Donaldson Company, Inc., Filtration Group Freudenberg Filtration Technologies SE & Co. KG, Lydall, Inc., MANN+HUMMEL, Parker-Hannifin Corporation & Other Players.
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Table of Contents
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 forces model
- PEST Analysis
- Industrial Air Filtration Market Segmentation, by Product
- Industrial Air Filtration Market Segmentation, by End-Use
- Regional Analysis
- Company Profile
- Competitive Landscape
- Conclusion
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