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(Construction.IndustryNews247.Com, September 26, 2018 ) Industry Trend Analysis
The global industrial air filtration market was evaluated around USD 3.40 billion in the 2012 and is expected to reach approximately USD 6.43 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 6.59% over the forecast period owing to the requirement to control the quality of industrial air over various end-user industries. Air filtration renders an efficient mean to control contaminations by abbreviating their density to a satisfactory level, consequently amending the quality of indoor air. Appropriate filtration method ensures the safety of the distribution network and equipment while improving the presentation and cutting down the cost of maintenance. Air filters any form are practically used in all kind of air conditioning as well as handling units. The air filters eradicate contaminants from indoor and outdoor air, especially in necessitating applications over the pharmaceutical and food & beverage industries. Implementation of industrial safety and health guidelines in a variety of regions is projected to propel the market demand further. The escalating products offering demand high-performance and enhanced efficiency are anticipated to fuel sales during the forecast years. In addition, industrial air filters are extensively employed in the metal processing business due to numerous regulations about work-related safety. The presence of vapor, fumes, and dust in the metal processing demands for elevated air filter efficiency.
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Product Outlook and Trend Analysis
There is an immense variety of the filter types available in the market these days. Most general industrial air filters type includes mist collectors, dust collectors, cartridge collectors & filters, baghouse filters, and HEPA filters. The HEPA filtration section held a market revenue share of more than 20% in 2015 and is also projected to achieve grip during the forecast period. These products reduce or eliminate radioactive particles, harmful aerosols, airborne bacteria & viruses, and even toxins, which make them perfect for hospitals, nuclear plants, analogous facilities and pharmaceutical labs where a disinfected environment is essential. Also, these air filters show elevated efficiency and seize the capacity to eliminate impurities, droplets and the units of sub-micron sized used to manage the levels of airborne particulate.
End-user Outlook and Trend Analysis
Industrial air filter applications in the manufacturing field are of vital significance as it defends advanced and sensitive production processes, and cut down the threat of molecular as well as microbiological contamination. The industrial air filters principally used in food, cement, metal processing, agriculture, pharmaceutical, power, pulp & paper, and plastic industry. In 2015, the food section is projected to experience strong growth during the forecast years and reported for around 15% of the total revenue share. The food processing segment includes affecting a range of products; according to the application suitability, and there might be concerns with hygiene policies, traverse contamination, and food management regulations, are anticipated to impact the growth of the market favorably during the projected period.
Regional Outlook and Trend Analysis
In 2015, European regional market held the leading market share and reported for around 25% of the global market revenue share in that year. European food industry is extremely diversified and distinguishes with the existence of various small-scale companies, which is anticipated to fuel the growth of the regional market. The segment is projected to experience healthy growth during the next few years, which is also measured to be a key reason expected to boost regional market demand. Asia Pacific regional market is likely to witness significant growth during the projected period due to extensive acceptance in pharmaceutical, food processing, and metal processing industries. Owing to existing and newly enforced positive government initiatives along with rising in direct foreign investments, the market is anticipated to achieve the reputation.
Competitive Outlook and Trend Analysis
The industrial air filtration market is split in nature with major four market players reporting for around 30% of the total revenue share. The major market players are General Electric, Atlas Copco, Gardner Denver, and Ingersoll Rand PLC. The major players are concentrating on mergers and acquisitions in an attempt to increase their product offerings. Apart from presenting air compressors with incorporated control capacities, key suppliers present rendering solutions for the accessible products.
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The Global industrial air filtration market is segmented as follows –
By Product
Single injection
Three injection
Five injection
By End-user
Dermal Fillers
Osteoarthritis
Ophthalmic
Vesicoureteral reflux
By Region:
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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