Asia-Pacific Industrial Air Filtration Market size to hit $1.65bn by 2024
Strict industrial safety norms & policies defining the quality of air inside industrial facilities will drive Asia Pacific industrial air filtration market size. Increasing concern towards reducing negative influence of air pollutants frequently found in manufacturing facilities along with safeguarding health and working condition for workers should propel industrial air filtration market growth. According to the Graphical Research new growth forecast report titled "Asia-Pacific Industrial Air Filtration Market analysis based on Product, Application, Food, Metal Working, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2018-2024", estimated to exceed USD 1.65 billion by 2024.
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Australia industrial air filtration market is projected to exceed USD 45 million up to 2024. Growing consumer awareness and inclination towards high quality product and need to comply with strict regional government regulations pertaining towards curbing air pollution and ensuring employee safety & health along with growing concern towards global warming should fuel regional market growth.
Benefits provided by air filtration systems include removal of harmful and hazardous substances from the air thus producing clean and less harmful air devoid of toxic substances. Air filtration has seen a rising demand from various industries including food and beverage industry and other manufacturing sectors, where the proportion of fumes and dust particles in the air is high. The high cost of installation and operating expenses are anticipated to increase total life-cycle costs for an industrial air filter thus hampering industrial air filtration industry profitability.
Industrial air filtration market size from HEPA filters is anticipated to surpass USD 410 million by 2024 owing to high efficiency offered by these filters to remove contaminants, sub-micron particles, and droplets by using diffusion and other techniques is expected to drive the product demand. This growth in demand can be ascribed to high penetration capability of these products across pharmaceutical, metal processing and power industry.
Asia-Pacific industrial air filtration market share is slightly consolidated and competitive. Major players operating in the industry includes Pall Corporation, Donaldson Co., Lydall, AAF, Cummins Inc, Camfil Group, Nederman, and Mann Hummel.
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Segments We Covered:
Asia-Pacific Industrial Air Filtration Market Statistics, By ProductDust collectors
Mist collectors
HEPA filters
CCF
Baghouse filters
Cement
Food
Metal
Power
Pharmaceuticals
Others
Asia Pacific Industrial Air Filtration Market size is projected to reach $1.65 billion by 2024.Contaminated air mixed with suspended matters and chemicals need to be filtered before it is released into the air. Functioning of effective production facilities across several industrial applications including cement, metal, and food requires utilization of industrial air filtration systems for refining air quality at low prices thus boosting product demand.
China industrial air filtration market is projected to surpass USD 910 million by 2024 owing to growing demand for infrastructural capabilities for power generation. Rising demand for electricity has fueled power generation activities which will favor product demand to ensure air quality. Traditional biomass ignition causes pollution, hence driving market growth for clean air. Rise in economic standards along with flourishing end-use industries in this region should upsurge product demand thereby promoting industry growth in this region.