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Industrial Air Filtration Market to Grow at Remarkable Pace with a Significant CAGR by 2024

Author : Rahul Varpe | Published Date : 2019-09-10 

Industrial Air Filtration Market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Industrial Air Filtration Market. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Industrial Air Filtration Market research one of its kind to offer the most in-depth, readily available data.

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The United States stands as a major growth ground for North America industrial air filtration industry. Driven by the strict regulatory spectrum and the expanding food and pharma sectors, North America industrial air filtration market size is anticipated to cross USD 1.5 billion by 2024.

Driven by rapid industrialization and the consistent threats plaguing the environment, industrial air filtration market has turned out to be one of the most productive verticals over the recent years. With industries such as automotive, transportation, power generation, and oil & gas having earned the tag of emitting GHGs on a large scale and negatively impacting biodiversity, regulatory bodies have worked to implement norms to mandate the deployment of air treatment facilities at every industry. This has, in consequence, led to increased industrial air filtration industry demand in the recent years.

Apart from established magnates, the notable contribution of startups toward industrial air filtration industry expansion is not to be ignored. In essence, powered by the support of regulatory organizations and industry biggies, by the end of 2024, industrial air filtration market will surpass revenue collection of USD 6.5 billion.

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The initiatives taken by the regulatory bodies to encourage the various industries to deploy efficient and high-quality air filters, it would be prudent to mention the Occupational Safety and Health Organization (OSHA) in the U.S., that has released recommendations to employers regarding the improvement of air quality at the workplace. In fact, it has also mandated the use of air filtration systems for maintaining the quality of indoor as well as outdoor air. Growing concerns about the health hazards to the employees working in an air contaminated environment is poised to propel U.S. industrial air filtration industry trends over the years ahead.

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.

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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Having recognized the impact of smart technology, established giants as well as new entrants in industrial air filtration market have been going the whole hog to bring innovation in the product design. A recent precedent depicting how startups are breaking the molds of traditional air filters is that of AirOK Technologies’ launch of India’s first locally developed smart air purifier. Dubbed as Vistar, this breakthrough air purifier is allegedly featured with a touch interface and Wi-Fi that allows the filter to work more efficiently with enhanced durability. The innovative approach of this startup to develop new products has set a new benchmark for the other contributors in industrial air filtration industry. The consistency in novel product launches and the emergence of new players in industrial air filtration market is expected to strengthen the competitive spectrum of this business space over the years ahead.

Related News: https://www.marketwatch.com/press-release/stationary-air-compressor-market-worth-30-billion-usd-by-2024-2019-09-10

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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