Asia Pacific Air Filtration Market in power sector to grow at CAGR of 9.7% over 2016-2023

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Asia-Pacific Air Filtration Market to surpass USD
6.6 billion by 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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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.

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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.

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China Automotive Air Filtration Market size, by
product, 2013-2023 (USD Million)

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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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