Industrial air filtration market growth drivers in 2019 & Challenges by 2024

in #industrial5 years ago

North America led by the U.S. and Canada industrial air filtration market may witness gains at over 7% by the end of forecast period. Strict regulatory norms towards safe working environment for workers & standards set for environment protection may enhance regional growth. Rise in demand for pharmaceutical industry owing to various research & development in health care products may stimulate industry growth.

As per the survey carried out by U.S. Environmental Protection Agency (EPA), ever since 1990, the power generation sector alone has been accounting for nearly 31% greenhouse gas emission, followed by transportation industry responsible for almost 27% emission. Quite overly, most of the companies contributing to the aforementioned industry sectors have been continuously conducting research and development activities to improve the quality of gases emitted from their facilities.

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The rapid industrialization across the globe is tandem with the growing awareness regarding the importance of maintaining air quality is certain to lend a positive outlook to industrial air filtration market. In order to comply with the stringent regulatory framework, most of the firms have been looking forward to installing air treatment facilities at their workplaces. Driven by the surging requirement of highly efficient and cost-effective air filtration systems, giants in industrial air filtration industry have been investing heavily in research and development activities on a large scale.
Industrial air filtration provides fresh atmosphere to labors in pharmaceuticals, cement, power generation and chemical industries. Removal of harmful substances and detoxifying the atmosphere are key product benefits. Growing concern towards reducing harmful impact of air contaminants which are commonly found in industries to safeguard healthy working surroundings should fuel industrial air filtration market demand.

Air filters debuting in the global industrial space may have been quite a disruptive force back then, however, as of today, the product has extensively widened its scope of application. Prior to the inception of this domain, finding optimized energy utilization and a higher degree of air filtration on a single platform was unheard of, as traditional filters required higher pressure drops to carry out the filtration process more efficiently. However, since then, air filtration has come a long way and through extensive research and development, and since the last half a decade, manufacturers have finally been able to develop efficient air filters that exhibit minimum intrinsic pressure drop at the end level of separation. This paradigm shift in the conventional filter design has provided a significant impetus to industrial air filtration market outlook.

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Global industrial air filtration market share is fragmented with key players including AAF, Absolent Group, BWF Protec, Camfil Group, Cummins, Clarcor, AGET Manufacturing, Gutsche, Kayser, SPX Corporation, Pall Corporation and Purafill.

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