Industrial Air Filtration Market 2020 Industrial Air Filtration Market 2020
Industrial Air Filtration Market Is Anticipated To Reach USD 6.23
billion by 2020: Radiant Insights, Inc
The global industrial air filtration market is expected to reach USD 6.23 billion by 2020. Stringent
regulations and the need to comply with several emission standards is expected to impel market demand
over the forecast period. Industrial air filtration systems enhance the health and safety aspects of operating
a pressurized system, thereby increasing the supply reliability while minimizing the risk of lost of
production, which is also expected to drive market growth over the forecast period. Further, an effective
industrial air filtration system helps save energy by considerably reducing energy consumption across
several industrial applications. They also improve overall system reliability and improve manufacturing
processes, thereby offering avenues for market growth.
Industrial air filtration systems are also used to remove different types of air-borne contaminants from the
various manufacturing stages. They also remove any odors and oil vapor or any dust particulates. A few
specialized filters such as high-performance HEPA filters help remove germs and viruses thereby
producing sterile air, and are expected to fuel market demand over the next six years.
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Further key findings from the study suggest:
HEPA filters are expected to witness high growth over the forecast period. The segment accounted for
over 20% of the overall market in 2013. HEPA filters have found extensive usage across several
applications, and exhibit high penetration. The primary technical benefits derived HEPA filtration
technology include, greater machine availability and reliability, maintenance of high initial power output,
improved efficiency, increased component life, zero production downtime and lower emissions.
On account of several regulations pertaining to occupational safety, metal processing is expected to
witness significant growth over the forecast period. Presence of fumes, dust and vapor in the metal
processing industry needs an efficient filtering solution to protect employees, improve manufacturing
quality and to comply with emission standards.
Europe accounted for over 25% of the global industrial air filtration market in 2013. Several norms and
standards aimed at reducing emissions are expected to drive the regional market demand.
Key market players include Clarcor Inc., Donaldson Company, Cummins Filtration, Camfil and Pall
Corporation. Investing in R&D, new product development, sales and marketing activities so as to gain
competitive advantage forms a part of core business strategy. Manufacturers emphasize on providing an
extensive product portfolio with varying profit margins.
For the purpose of this study, Grand View Research has segmented the global industrial air filtration
market on the basis of product, application and region: