HVAC and Construction Industry Asia-Pacific Air Filtration Market Analysis Report | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Ongoing developments in air filtration technology have improved air quality and minimized energy consumption. Advancements in nanotechnology, non-woven technology, and in raw materials like small fibers are expected to contribute significantly to this market. Browse Details of Report @ https://www.hexaresearch.com/research-report/asia-pacificair-filtration-market However, the initial installation costs of air filters, along with added attachments & other technologies can increase the overall product cost. This could hinder industry growth, since purchasing decisions are largely dependent on the overall cost of the product. The Asia-Pacific air filtration market is segmented into applications, products, technologies, and regions. On the basis of applications, the market is fragmented into pharmaceuticals, metals, power, food, and cement. The power segment can expand at a CAGR of about 10% during the forecast period. The can be attributed to advancements in nuclear power generation and defense. Rigid environmental norms require that the air be free of radioactive pollutants. This intern will positively impact market demand in the forthcoming years. The food segment is likely to witness considerable growth owing to stringent regulations imposed on food manufacturing units. The focus of food manufacturers on high-quality filtered air for better hygiene and safety will drive the Asia-Pacific air filtration industry. Products include automotive, residential, and industrial. In 2015, automotive air filtration dominated the market with over 55% of the total revenue shares. It would grow at a CAGR of about 8% during the forecast period. The growing need for replacing these air filters on a regular basis will support industrial growth. Growing at more than 9.4% CAGR, the industrial segment will hold a share of nearly 27% in the Asia-Pacific air filtration market. This segment is sub-divided into high-efficiency particulate air Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/