Industrial Air Filtration Market Size worth $7.12 Billion by 2022: Global Market Insights, Inc.
Market Size - $ 3.74 Billion in 2014, Market Growth - CAGR of 8.5%, Market Trends – Strong environment awareness and industrial production standardization to drive industrial air filtration market growth
Global Industrial Air Filtration Market Size is set to be valued at USD 7.12 Billion by 2022, as per a new research report by Global Market Insights, Inc. Strict government norms related to health & safety is anticipated to drive the industry growth. Increasing product demand with high efficiency and performance features is also expected to propel demand for the next six years.
Strong industrial and infrastructure investment, coupled with increasing environmental consciousness among consumers will fuel the industrial air filtration market size throughout the forecast timeframe.
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Air is required to be filtered of the harmful substances as well as the suspended matter before it is released across a number of industrial applications. Operating an efficient production facility enables in higher production volumes and also aids in improving quality at lower cost.
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Dust collectors industry revenue was estimated at USD 867 Million in 2014, with 8.7% CAGR expectation up to 2022. Biological contaminant reduction in filter media and reduction in pressure drop is also expected to positively impact demand over the next six years.
HEPA filters market size is forecast to grow faster than the global average from USD 921.2 Million in 2014. Removal of contaminants, droplets, and sub-micron particles by utilizing diffusion as well as techniques involving progressive particle attraction along with high efficiency offered by these filters is anticipated to drive industrial air filtration market share.
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Key Insights from the Report Include:
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.