Title: Asia Pacific Air Filtration Market in power sector to grow at CAGR of 9.7% over 2016-2023
1Asia-Pacific Air Filtration Market to surpass USD
6.6 billion by 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2 Key Insights of Asia Pacific Air Filtration
Market
- Rapid urbanization, scarce resources, changing
demographics, and growing environmental concerns
along with reduction in sources of raw materials
as well as natural depositories are anticipated
to boost Asia Pacific air filtration market size
over the coming years. According to Global Market
Insights, Inc., Asia Pacific air filtration
industry size worth USD 3.4 billion in 2015, is
anticipated to reach USD 6.6 billion by 2023,
registering a CAGR of 8.6 over 2016-2023.
Moreover, growing need for energy conservation
will further boost the demand for air filtration
systems in Asia Pacific over the coming years. - Air filtration finds application in
pharmaceutical, power, cement, food, and metal
industries. Its application in power sector is
expected to grow at a rate of 9.7 over
2016-2023. The growth can be credited to the
application of air filtration systems in nuclear
energy research, defense industry, power
generation, waste management, and fuel processing.
3 Continued
- Major air filtration products include automotive
and industrial air filters. Few of the industrial
air filter types include HEPA filters, cartridge
collectors, dust collectors, baghouse filters,
and mist collectors. Asia Pacific industrial air
filtration market contributed over 27 of the
global revenue in 2015, and is projected to
record a CAGR of 9.5 over the coming seven years
due to its growing use in healthcare and
laboratories. Mist collectors air filtration
market is projected to witness a noticeable
growth over 2016-2023 owing to its growing use
across metal processing and food beverage
industries. Dust collectors require less
maintenance and can remove dust from several
industrial operations, thus enhancing health,
safety efficiency of the workers. HEPA filters
help in maintaining high initial power output,
zero production downtime, improve efficiency
component life, and reduce emissions. - Asia Pacific automotive air filtration market
contributed over 55 of the global revenue in
2015, and is expected to record a CAGR of 8 over
2016-2023. Automotive air filters help in fuel
conservation, emission reduction, and improving
mileage by enhancing engine performance through
suitable air flow to the engines.
4China Automotive Air Filtration Market size, by
product, 2013-2023 (USD Million)
5 Browse Full Market Research Report Asia Pacific
Air Filtration Market Market _at_ https//tinyurl.com
/hgtpyr4 Request for a Sample of this
Research report _at_ https//www.fractovia.org/reques
t-sample/230
6 Continued
- Automotive air filter types include cabin filters
and intake filters. Cabin filters market is
anticipated to witness high growth over 2016-2023
due to its rising use in electric vehicles as
well as fuel powered automobiles. Associations
such as EPA (Environmental Protection Agency) and
CCC (Car Care Council) have created awareness
among the consumers regarding the health
disorders caused as a result of harmful vehicle
emissions due to deployment of improper
filtration system in automobiles. This has
boosted the use of eco-friendly automotive
filters in the vehicles. -
- China air filtration market share is expected to
grow at a significant rate of 9 over 2016-2023.
The regional growth can be attributed to rapid
industrialization coupled with increasing amount
of mid-sized cars. -
- Market players will try to increase their ROI by
focusing on merger acquisitions, product
innovation, and increasing their production base.
Key industry participants include Cummins
Corporation, Purafil, Denso Corporation, Clarcor,
Mann-Hummel Company, Sogefi group, Mahle GmbH,
Nederman Company, Camfil Company, and Donaldson
Company. -
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