Global Industrial Air Filtration Market Size, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Industrial Air Filtration Market


The global Industrial Air Filtration market size is projected to reach US$ 19.49 billion by 2026, from US$ 13.21 billion in 2020, at a CAGR of 6.7% during 2021-2026.Need to control industrial air quality across a range of end-use industries is a key factor anticipated to drive the market. Air purification methods are an effective way to control contaminants by reducing their concentration to an acceptable level, subsequently improving indoor air quality.

Favorable government regulations pertaining to emission norms, coupled with enforcement of workforce health and safety regulations in several regions, are anticipated to boost market demand over the forecast period. Additionally, rising demand for high efficiency and eco-friendly products is a key factor expected to drive the market.

Technological advancements in industrial air purification systems is expected to provide avenues for market growth over the forecast period. For instance, usage of inhibited oxidation in wet scrubbers provides numerous advantages such as low reagent cost, low reagent usage, and low overall lifecycle cost. In the inhibited oxidation process, emulsified sulfur is added to the reagent feed tank, reducing the oxidation rate to below 15.0%, thus allowing the usage of less expensive materials because the mechanism for corrosion has been removed.

Industrial air filtration systems are used across several industries including power, food, cement, metals, and pharmaceuticals. However, high capital and operating cost associated with these systems is expected to hinder market growth. Purification of contaminated air requires advanced filtration equipment, which results in increased capital investment. This makes the overall system expensive to operate in terms of maintenance cost and energy consumption.

Market Segmentation, Outlook & Viewpoint: Global Industrial Air Filtration Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Dust Collectors
  
Oil Mist Collectors
  
HEPA Filters
  
Cartridge Collectors & Filters (CC&F)
  
Baghouse Filters
  
Welding Fume Extractors
  
Wet Scrubbers
  
Dry Scrubbers

End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Cement
  
Food
  
Metals
  
Power
  
Pharmaceutical
  
Agriculture
  
Paper & Pulp and Woodworking
  
Plastic
  
Others

Key Players, Recent Developments & Regional Insights: Global Industrial Air Filtration Market

Based on product, the market has been segregated into dust collectors, oil mist collectors, HEPA filters, cartridge collectors and filters, baghouse filters, welding fume extractors, wet scrubbers, and dry scrubbers. Amongst these, the wet scrubbers segment held the largest market share in 2018 and is expected to register a CAGR of over 7.5% from 2019 to 2025. Wet scrubbers have consistent collection efficiency and airflow and static pressure, on account of which they can be used in a range of applications where constant airflow is required. However, there are few factors hampering the growth of wet scrubbers such as increased power consumption, corrosion problems, and high amount of waste generation.

Dry scrubbers have emerged as a substitute for the wet variants, overcoming numerous drawbacks associated with the latter. The dry scrubbers segment is expected to exhibit the highest CAGR over the forecast period. This growth is attributed to benefits such as highly corrosion resistant, less waste generation, and low operating cost.
Dust collectors are expected to register a CAGR of more than 6.5% over the forecast period. Dust collectors offer several benefits including protection from harmful effects of pollution, improving productivity, compliance with health and air emission regulations, and environmental protection from manufacturing pollutants. Oil mist collectors and HEPA filters are also expected to witness steady growth through 2025.

End-use Insights

Industrial air filters in the production vertical are of critical importance as they protect sensitive and advanced manufacturing processes and reduce the risk of microbiological as well as molecular contamination. These purifiers primarily find application in cement, food, agriculture, pharmaceutical, metal processing, pulp and paper, plastic, and power industries, among others.

The power segment captured a share of close to 19.0% in the overall industrial air filtration market in 2018 and is expected to register a CAGR of more than 6.5% from 2019 to 2025. The market is expected to witness considerable growth as air filtration systems help handle toxic, hazardous, and radioactive gas streams. Furthermore, power generation plants have to compulsorily maintain air and gas flow rates within environmental parameters, leading to increased usage of such purification equipment.

The food segment is anticipated to witness the highest growth over the forecast period and accounted for more than 18.0% of the overall revenue in 2018. Legislations pertaining to food safety, coupled with retailer manufacturing standards and codes of practice for high risk food manufacturing, provide avenues for market growth.

Regional Insights

Europe held the largest market share in 2018, accounting for more than 27.0% of the global market that year. The food industry in Europe is highly diversified and is characterized by the presence of several small-scale businesses. It is expected to witness healthy growth over the next few years, which is expected to drive the regional market.
The Asia Pacific market is expected to exhibit a CAGR of more than 7.5% over the forecast period. Rapid industrialization and increasing per capita income are expected to drive the regional market. China is expected to emerge as a worldwide hub for air filtration equipment manufacturing owing to its low labor and infrastructure costs. Moreover, the region is presumed to witness entry of several pharmaceutical companies to meet domestic export and import demands, thereby aiding regional growth.

Industrial Air Filtration Market Share Insights

The market features presence of both large-scale and medium-scale air purification equipment manufacturers. Major players include Honeywell International, Inc.; MANN+HUMMEL; Daikin Industries, Ltd.; Clean TeQ Holdings Limited; 3M; and SPX Corporation. These companies have been aggressively investing in R&D activities to develop novel filters in order to sustain in the highly competitive market. Key manufacturers are also emphasizing on strengthening their regional presence by collaborating with other players offering similar products and services to augment their market presence and achieve a competitive advantage over peers.

Key Insights Covered: Global Industrial Air Filtration Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Industrial Air Filtration industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Industrial Air Filtration industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Industrial Air Filtration industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Industrial Air Filtration industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Industrial Air Filtration industry.

Research Methodology: Global Industrial Air Filtration Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other