Air Filtration Market Size, Share, Opportunities, And Trends By Product (Dust Collectors, Vehicle Exhaust, Fume & Smoke Collector, Mist Eliminators, Others), By Filter Type (Ionic, HEPA, Carbon, UV Light), By End-User (Residential, Commercial, Industrial), And Geography- Forecasts From 2019 To 2024

The air filtration market is projected to grow at a CAGR of 5.98% to reach US$24.625 billion by 2024, from US$17.380 billion in 2018. Strong infrastructural and industrial development and the rising prevalence of health disease due to air pollution are considered as the key drivers for the growth of the market during the forecast period. Simultaneously, increasing environmental concerns and strict government regulation for industrial emission and rising concerns towards the health and safety of the workers has led the industrial sector installing air filtration systems in their manufacturing facilities. Furthermore, increasing disposable income and growth in expenditure of people across developing countries varied usage of these systems across end-user verticals is expected to widen up growth opportunities for vendors and manufacturers in the coming years. Asia Pacific region is expected to hold a significant share and is one of the fastest growing region during the forecast period.

 

DRIVERS

Focus on development of green buildings.

Growing health concerns.

 

INDUSTRY UPDATES

In November 2018, Camfil launched its new Gold Series X-Fl(GSX) industrial dust collector that has been specifically designed for applications that produces or process fine, fibrous, and heavy dust and fumes.

Donaldson Company Inc. introduced the Packaged DownflEvolution (DFEP) dust collector in October 2017 targeting applications mainly in the metal fabrication industry.

In January 2017, American Air Filter Co., acquired the Phoenix based Aire Filter Products to further expand its operational footprint.

 

Major industry players profiled as part of the report are American Air Filter Company, Inc., Camfil Group, 3M Corporation, and Parker Hannifin Corporation among others.

 

Segmentation

The air filtration market has been analyzed through following segments:

 

By Product

Dust Collectors

Vehicle Exhaust

Fume & Smoke Collector

Mist Eliminators

Others

 

By Filter Type

Ionic Air Filter

HEPA Air Filter

Carbon Air Filter

UV Light Air Filter

 

By End-User

Residential

Commercial

Industrial

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Italy

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others