Industrial Air Filtration Market is Expected to Grow with High Probability Business Opportunity by 2027
According to the latest research conducted by GMI Inc., industrial air filtration market size is estimated to hit USD 8.85 billion by 2027. The globally increasing significance of maintaining air quality has encouraged industrial air filtration industry contenders to develop and introduce advanced products for various end-users.
According to the latest research conducted by GMI Inc., industrial air filtration market size is estimated to hit USD 8.85 billion by 2027. The globally increasing significance of maintaining air quality has encouraged industrial air filtration industry contenders to develop and introduce advanced products for various end-users. As per the Environmental Protection Agency, the air inside of structures and buildings is two to five times more polluted as compared to the outside air.
The increased threat of air pollution in industrial buildings, specifically chemical processing facilities and manufacturing units, is expected to drive the business expansion over the ensuing years. Furthermore, the industry has recorded an escalating need for the reduction of energy consumption and increasing concerns pertaining to environmental health.
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The competitive landscape of the industrial air filtration market is shared by major companies including Cummins, Parker Hannifin, Camfill, Donaldson, Pall Corporation, and others.
Mentioned below are some of the major end-user industries, which are expected to generate considerable market revenue over the following years:
1# Pharmaceutical industry: Stringent regulatory guidelines to push the product deployment
An increase in the formulation of strict guidelines by regulators is expected to drive the demand for air filtration over 2021–2027. Considering an instance, pharmaceutical companies are strictly required to follow the guidelines set by the U.S. FDA. Therefore, market players such as the AAF are keen to provide a range of solutions adhering to the set guidelines.
In addition, the ongoing COVID-19 pandemic has generated considerable awareness among the industrial establishments, corporates, and institutions in various countries including India. These aspects are likely to augment Asia Pacific industrial air filtration market share, which is projected to expand at a CAGR of 7% through 2027.
2# Food & beverage industry: Rising significance of hygiene to drive the business expansion
Several industrial air filtration companies are acknowledging the importance of hygienic production environment via their product development initiatives. The solutions help in ensuring compliance with statutory requirements and also enable smooth processes.
The use of effective monitoring and control of air quality helps in the minimization of product contamination. Furthermore, the presence of clean air helps in contributing toward the comfort and protection of employees. These factors are anticipated to propel the demand for industrial air filtration systems through the forecast period.
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3# Cement industry: Mounting demand for the separation of exhaust gases
According to studies, each stage of the cement manufacturing process has an effect on the environment. Airborne pollutants are released in the form of noise, gases, dust, and vibration during blasting in quarries and when operating machinery.
This has created the need for technologies that ensure the reduction of dust emissions during the quarrying and manufacturing of cement. Similar aspects help in the creation of vital growth opportunities for industrial air filtration market players. Several companies are taking leading in addressing the challenges associated with cement manufacturing via their efficient, safe, and clean solutions.
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