FMI Analysis States Global Industrial Air Filtration Market Size to Exceed USD 56.1 Billion by 2033, Driven by 5.7% CAGR Growth

Industrial Air Filtration Market

The industrial air filtration market has achieved a commendable valuation of USD 32.2 billion in 2023. This upward trajectory is expected to persist, with an anticipated market value of USD 56.1 billion by 2033. Notably, this growth is supported by a robust Compound Annual Growth Rate (CAGR) of 5.7% projected throughout the forecast period. This consistent expansion underscores the market’s pivotal role in addressing urgent environmental concerns and its capacity to contribute to improved air quality, in line with the broader objective of promoting eco-friendly environments.

The ongoing expansion of the industrial air filtration market is primarily propelled by the imperative within the waste management sector to bolster waste treatment infrastructure while concurrently reducing its environmental impact. As global concerns regarding air pollution intensify, and the consequential impact on the environment becomes increasingly evident, the adoption of industrial air filtration systems has gained paramount significance. These advanced filtration solutions are instrumental in curbing harmful gas emissions and effectively managing odorous compounds, playing a crucial role in fostering environmentally responsible practices.

Various manufacturing sectors, including automotive, heavy machinery, and aerospace, are experiencing a surge in the adoption of efficient air filtration systems. This heightened adoption is driven by the manufacturing companies’ increased focus on ensuring protective equipment, safe working conditions, and effective maintenance cleaning.

The power generation sector is embracing industrial air filtration solutions, particularly in conventional energy production. These systems enable power facilities to comply with stringent environmental regulations while improving operational efficiency. The industry continues to drive demand for industrial air filtration to combat dust and control emissions effectively.

The pharmaceutical and biotechnology sectors prioritize contamination prevention and the enhancement of air quality within their manufacturing processes. Robust air filtration systems are instrumental in maintaining safety, a pristine environment, and superior air quality in these industries.

Manufacturers in the food and beverage sector are increasingly adopting industrial air filtration systems to optimize food processing, uphold hygiene standards, and prevent cross-contamination. These systems are crucial in ensuring the consistent production of high-quality, safe food and beverages.

The metals and mining industries are witnessing a notable uptick in demand for industrial air filtration solutions. These systems are employed to effectively manage emissions, control dust, and handle hazardous chemicals. Moreover, they play a pivotal role in safeguarding workers and promoting environmental sustainability within these industries.

Key Takeaways:

  • The industrial air filtration market is predicted to register a CAGR of 5.7% with a valuation of USD 56.1 billion in 2033.
  • In the historical period, the market secured a valuation of USD 30.6 billion in 2022.
  • The United States is estimated to lead the global market by securing a share of 18.6% by 2033.
  • Germany is significantly growing the global market size by capturing a share of 3.7% during the forecast period.
  • With a share of 4.1%, Japan is anticipated to drive the global market during the forecast period.
  • Australia is projected to capture a share of 1.3% in the global market by 2033.

How Key Players are Advancing the Global Market?

Currently, within fragmented regional markets, there exist prominent vendors who play pivotal roles in the global landscape. These industry leaders have made substantial investments, channeling millions into research and development initiatives. Their commitment to innovation has yielded noteworthy products, capturing the discerning gaze of consumers.

These essential vendors are propelling the global market forward through adept marketing strategies and expertise. Their arsenal of tactics encompasses acquisitions, mergers, strategic product launches, partnerships, collaborative ventures, and further acquisitions, all designed to strategically position themselves for growth and market dominance.

Recent Developments in the Global Market:

  • In 2021, Alfa Laval announced to expand its LNG product portfolio by investing a huge amount in gas combustion in Gulf countries.
  • In 2021, Donaldson Company announced its acquisition of Solaris. To expand its revenue, the company provides better filtration solutions to the food and beverages sector.
  • In 2021, Eaton announced its newly launched Zero-leak Compact Combo Valve to limit hazardous pollution and safely evaporate harmful vapors.

Key Players in the Industry:

AAF; Absolent Group; Lydall Inc; BWF Group; CAMFIL GROUP; Parker Hannifin Corporation; Cummins Inc; Donaldson Co; AGET Manufacturing; Freudenberg & Co. Kg; Lydall Gutsche GmbH & Co; Kayser.

Industrial Air Filtration Market by Category:

By Product:

  • Dust Collectors
  • Mist Collectors
  • HEPA Filters
  • CCF
  • Baghouse Filters

By Application:

  • Cement
  • Food
  • Cereal ingredients
    • Spices
    • Feed & Raw grain agricultural products
    • Eggshell & dust
    • Sugar dust
    • Flours
    • Corn starches
    • Others
  • Metals
    • Grinding
    • Sandblasting
    • Welding Fumes
    • Fine powders
    • Others
    • Power
    • Pharmaceuticals
    • Others

By Region:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East Africa

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these