Air Filtration Market - 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