Growing environmental concerns, as well as depleting raw material supplies and natural depositories, are expected to drive industry growth throughout the forecast period.
In 2032, the industrial air filtration market share is likely to expand at a steady CAGR of 6.2%, reaching US$ 45.2 Billion in 2027 from US$ 6 Billion in 2021, according to a new analysis from FMI. Increasing demand for energy-efficient filtering technology has an impact on the adoption of industrial air filtration market.
Metals industrial air filtration market is expected to grow 6.8 percent by 2027. Significant amounts of hazardous gases and smoke are produced by aluminium and steel mills. The increased risk of pneumoconiosis among grinding employees drives demand for industrial air filtration systems throughout the metal manufacturing industry. The use of welding fumes is expected to rise by about 7%.
Governments and regulatory bodies have imposed stringent industry requirements to improve air quality. The Clean Air Act of the United States, for example, enacted legislation to reduce air pollution. In order to comply with strict air quality laws, industrial air filtration companies have been forced to use air filtering devices.
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“Rising welding use in manufacturing, construction, automotive, and transportation industries is driving market expansion. Growing emphasis on design flexibility, weight reduction, and modification simplicity should boost welding demand. The industrial air filtration system is in high demand due to the region’s growing pharmaceutical, electricity, and food sectors. Environmental protection legislation and an increasing focus on energy-efficient filtration products are expected to boost the market.”
Key Takeaways:
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Competitive Landscape
The market’s major players include Alfa Laval (Sweden), Donaldson (US), Danaher (US), Parker Hannifin (US), Eaton (Ireland), and Ahlstrom-Munksjö (Sweden) (Finland).
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Industrial Air Filtration , Industrial Air Filtration Market , Industrial Air Filtration Market Size
Jul 03, 2022