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Industrial Air Filter Market Expected to Reach $12.3 Billion by 2030-Allied Market Research

 

Report Code : A07870

quote The growth of the industrial air filter market is majorly driven by rise in awareness to reduce pollutants in the industries. In addition, industrial air filters majorly find their application in the pharmaceutical and food & beverage industries, wherein contamination has to be minimum. Growth of pharmaceutical and food & beverage industries, will in turn boost the growth of the industrial air filter market. Asia-Pacific region dominated the industrial air filter market in 2020, owing to presence of large-scale industrial facilities in countries such as China and India. quote

Digvijay Pawar
Industry Analyst, Construction & Manufacturing at Allied Market Research

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According to a recent report published by Allied Market Research, titled, “Industrial Air Filters Market by Type, Application and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the industrial air filter market size was valued at $5.8 billion in 2020, and is expected to reach $12.3 billion by 2030, registering a CAGR of 8.3% from 2021 to 2030.

Industrial air filters are equipment that are used to increase the quality of air released from industries by collecting impurities and extracting industrial air. Industrial air filters are used for reducing the level of smoke, not only decreases workplace odors but also creates cleaner air, which increases protection against conditions such as asthma and cancer. Pollutants left in the air can settle on the items and contaminate food or pharmaceuticals. The right industrial air filter system removes almost all particles from the air and protects the quality of the product.

The major driving factor of industrial air filters is degradation of air quality in industries. Increase in pollution levels, owing to large manufacturing machinery and released chemicals and smoke has affected the overall air quality, which is affecting health of people on a large scale as well as degrades the quality of the products. In addition, stringent government policies for maintaining air quality drive the industrial air filter market. The governments have advised people to use portable industrial grade industrial air filter units to propel removal of pollutant particles in construction zones, manufacturing & engineering facilities, rooms with inefficient ventilations, and patient care rooms.

However, industrial air filters require constant cleaning and replacement in spaces with high pollution levels. Failing to clean the industrial air filters hampers the filtration process and the filter fails to deliver the output that is expected. Thus, acting as a restraint to the growth of industrial air filter market. Furthermore, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering the industrial air filter market growth. Major players in the industry faced severe reduction in revenues during the first quarter of 2020. For instance, leading company in the industrial air market, Carrier Global Corporation, based in the U.S., witnessed 22% decline in growth in the first quarter of 2020 as compared to 2019. However, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of industrial air filter companies at their full-scale capacities, which is expected to help the industrial air filter market to recover by end of 2021.

On the contrary, rise in awareness regarding various diseases caused by polluted air and presence of bacteria and pollen is expected to propel the demand for industrial air filters, which is projected to act as a major opportunity for growth of the industrial air filter market.

The industrial air filters market is segmented on the basis of type, application, end-user industry and region. By type, the market is segregated into HEPA rated & other filter media, ionic, activated carbon and UV filters. On the basis of application, the market is divided into new system and replacement. On the basis of end-user industry, the market is divided into food & beverage, pharmaceutical, chemicals & petrochemical, electronics and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Findings Of The Study

  • By type, the HEPA rated & other filter media segment was the highest revenue contributor in 2020.
  • By end-user industry, the others segment dominated the market in 2020.
  • By application, the replacement segment dominated the market in 2020.
  • Asia-Pacific region generated the highest revenue in 2020.

The major players profiled in the industrial air filter market include Ahlstrom-Munksjö, Air Filters, Inc., American Air Filter Company Inc. (Daikin Industries Ltd), Camfil, Donaldson Company, Inc., Filtration Group, Freudenberg Filtration Technologies SE & Co. KG, Lydall, Inc., MANN+HUMMEL and Parker-Hannifin Corporation. Major companies in the market have adopted product launch, business expansion and acquisition as their key developmental strategies to offer better products and services to customers in the industrial air filters market

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quote Industrial Air Filters Market by Type (HEPA Rated & Other Filter Media, Ionic, Activated Carbon and UV Filters), End-User Industry (Food & Beverage, Pharmaceutical, Chemicals & Petrochemical, Electronics and Others) and Application (New System and Replacement): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

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