Industrial Air Filtration Market Anticipated To Reach USD 11.72 Billion By 2030
Posted by Neha Bora on January 3rd, 2023
San Francisco, 3 Jan 2023: The ReportIndustrial Air Filtration Market Size, Share & Trends Analysis Report By Product (HEPA Filters, Dust Collectors), By End-use (Food & Beverage, Pharmaceutical, Metal), By Region, And Segment Forecasts, 2022 - 2030
The global industrial air filtration market size is anticipated to reach USD 11.72 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.0% from 2022 to 2030. Growing demand for high-performing, energy-efficient products and stringent industrial regulations such as Clean Air Act are expected to propel the demand over the forecast period.
Growing electricity consumption has resulted in the development of new power generation plants, which is expected to be a major factor positively influencing market demand for industrial air filtration equipment. Furthermore, the implementation of stringent government regulations to protect human health by limiting airborne pollutant concentrations will contribute to market growth.
Companies across the globe are turning towards sustainable alternatives such as green manufacturing in order to improve competitive advantage. Moreover, governments globally are collaborating with environmental organizations to develop standards to control harmful emissions, thereby contributing to market expansion.
Industrial air filtration systems improve the safety and health aspects of running a pressurized system, thus increasing supply reliability while lowering the risk of production loss. Furthermore, an efficient industrial air filtration system conserves energy by significantly lowering energy consumption in various industrial applications such as food, pharmaceutical, and agriculture.
Modern air filtration products help filtration plant managers and system designers reduce operating costs and save energy costs while meeting required quality standards. Rapid urbanization, resource scarcity, and growing environmental awareness are anticipated to drive the market over the forecast period.
Companies such as Honeywell International, Inc.; MANN+HUMMEL; and Daikin Industries, Ltd. are undertaking strategic acquisitions, partnerships, and product launches to strengthen their product portfolio. For instance, in March 2021, MANN+HUMMEL announced its strategic investment in Pamlico Air, thus driving value for MANN+HUMMEL’s air filtration business.
Access Research Report of Industrial Air Filtration Market @ https://www.grandviewresearch.com/industry-analysis/zero-friction-coatings-market-report
Industrial Air Filtration Market Report Highlights
List of Key Players in Industrial Air Filtration Market
Access Press Release of Industrial Air Filtration Market @ https://www.grandviewresearch.com/press-release/global-industrial-air-filtration-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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