Industrial Air Filtration Market share by applications and regions for 2018- 2024

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Industrial Air Filtration Market outlook,
regional growth industry share by 2024 Global
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• Global Market Scenario of Hvac Industry

• Industrial Air Filtration Market size is set to
  surpass USD 6.5 billion by 2024. Global
  industrial air filtration market is growing due
  to various factors such as environmental
  awareness, rapid industrialization and efficient
  production and energy efficiency.
• This technology assists in improving overall
  system reliability along with saving energy.
  However lower sales of these equipment due to
  recent economic recession in regions like Europe
  has led to limiting growth of global market.
• Stringent occupational safety policies norms
  defining the quality of air inside commercial and
  industrial facilities have led to the evolution
  of the market.
• Rising concern towards mitigating harmful impacts
  of air pollutants commonly found in industrial
  facilities ensuring healthy working condition
  should accelerate demand for industrial air
  filtration market size.

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• Enforcement of stringent regulations in Europe
  and the incorporation of Integrated Pollution
  Prevention and Control Directive coupled with new
  strict laws are expected to drive the demand for
  this market over the forecast time frame.
• Increasing spending on RD investments and
  Foreign Direct Investments (FDI) by various
  companies in Europe are also expected to fuel the
  growth of the market.
• Mist collectors market is expected to grow over
  7 during the forecast timeframe. It can be
  credited to its compliance with indoor air
  quality standards and clean air benefits reducing
  the adverse effects of exposure to metalworking,
  reduced housekeeping maintenance costs, and
  improved part quality.
• The adoption of mist collectors in the food
  processing industry is anticipated to rise
  rapidly as they are used in the removal of oil
  mist, fumes, steam, and coolant mist from food
  beverage manufacturing processes

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• 360 Industry Analysis

• Baghouse filters market size is projected to
  reach over USD 1 billion by the end of 2024.
  These are used in varied sectors from household
  to industrial applications such as cement, food
  and coal-powered plants. They are efficient and
  can be used for rugged applications, but they
  need high maintenance and require a dry
  environment for their operation. Their usage can
  be limited to certain chemicals and operating
  conditions.
• Industrial air filtration market from food
  applications is projected to grow with a growth
  rate over 7 during the forecast timeframe. Food
  processing industry requires compressed air to
  preserve food. Therefore, there is a need for
  clean and purified compressed air, where it is
  strictly monitored for safety and hygiene of the
  products and users.

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• Regional Analysis

• China Industrial air filtration market size is
  expected to reach over USD 900 million by 2024
  owing to the increasing demand in various end-use
  sectors such as food beverage, metal
  manufacturing, and pharmaceutical industries.
  Economic developments in this region will further
  increase the demand for sophisticated air
  filtration solutions.
• Germany industrial air filtration market size is
  expected to reach over USD 390 million by 2024
  owing to the rapid product acceptance in the
  application sectors such as food beverages and
  manufacturing. The enforcement of stringent
  regulations and directives is expected to further
  fuel the demand for this region.

• Competitive Analysis

• Andrew Industries, BWF Protec, Absolent Group,
  Camfil Group, AAF, and Cummins, Inc. are key
  players in industrial air filtration market.
  Strong RD spending by manufacturers in order to
  comply with various environmental regulations may
  improve and expand product ranges thereby
  stimulating industry growth.

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