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Overview
Air Filtration Market value is
$16.82 billion in 2018 and expected to grow at a CAGR of 3.84% during forecast
period 2020-2025. Demand for air filters across the industrial sector in order
to protect advance manufacturing processes set to drive the air filtration
industry thereby minimizing the risk of molecular or microbiological
contamination. Stringent government norms pertaining to emission and treatment
of industrial waste will further enhance the adoption of cartridge filters,
dust collection systems, and other filters in industries, thereby driving overall
market demand for Air Filtration market size during the forecast period.
Report Coverage
The report: “Air Filtration Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Air Filtration Market.
Key Takeaways
- APAC dominates the Air Filtration market owing to high investments in adoption of air filters and growing automotive industry in countries such as India and Japan set to drive the air filtration market in this region.
- Increasing adoption of baghouse dust collectors for large scale industries applications such as rubber dust, wood waste, saw dust, chemical processes, mineral dust, and many others set to boost the air filtration industry. There has been significant growth for dry scrubbers as they generate minimal waste, leading to elimination of complex sanctioning procedures along with plummeting capital and operating costs.
- Growing adoption of air filters in automotive applications such as passenger cars and other vehicles in order minimize air pollution boost the demand of air filtration market size.
- Stringent regulations to minimize air pollutions due to emission of ozone gases are also propelling the adoption of air filters.
Product - Segment Analysis
Dust collector holds the major
share in air filtration market. It assists in increasing the equipment life by
recirculating the clean air within the workplace and reducing energy costs. Growing
usage of dust collectors in metal and mining industries set to fuel the market
growth. Advanced features such as variety of ancillary components and equipment
which configures to match facility operation increase product popularity. These
features are of great importance in the mining activities, which will foster air
filtration market share. Many companies have been focusing on developing new
products. For instance, in 2018, Camfil had launched new gold series X-Flo
cartridge industrial dust collector that produce or process fine, fibrous and
heavy dusts and fumes. During the same year, the company had also introduced
E-commerce site for direct purchase of high performance dust collector filters,
thereby driving the market share in this segment.
Application - Segment Analysis
Automotive has
been the primary application for Air Filtration market and is expected to grow
at a CAGR of 5.92% during forecast period 2020-2025. In automotive sector, air
filters are used to enhance fuel economy, increase engine life, lower emissions
and boost acceleration of the vehicles. An internal combustion engine needs to
mix approximately 10,000 liters of air with each liter of fuel in order to
work. Air filter helps in air entering to the engine of the vehicle. Inadequate
air intake leads to various engine problems. So, proper intake of filtered air
helps in efficient move of the vehicle which in turn drives the market growth. Most
of the automotive manufacturers recommend replacement of air filter in vehicle
after every 12 months or approximately 19,000 km. In 2019, Prana Air had
launched HEPA PM2.5 car filters in order to protect passengers from air
pollution. In 2018, Amway had launched India’s first air purifier ‘atmosphere
drive’ for passenger cars. Development of new air filters for automotive
applications set to fuel the air filter market growth in this industry.
Geography - Segment Analysis
APAC dominated the Air Filtration market with a share of
35.27%, followed by Europe and North America. High adoption of air filters in
APAC countries such as China, Japan, India and others set to drive the air
filtration market growth. For instance, in 2018, China has built a world’s
biggest air purification tower which is of 100m in order to reduce smog levels in
the city. In 2019, Blueair, a leading producer of air purifiers had launched
‘clean air for children’ program in Japan with the donation of 100 air
purifiers to nursery schools in Tokyo. In 2019, Purvankara, a real estate
company in Bangalore has announced to set up of country’s first air purification
tower which comprises HEPA air filters with 40m height for its flagship project
called Purva Atmosphere. The investment for this tower is around Rs.6-8 crores.
Growing investments in set up of new air purifications towers and installation
of air filters in industries set to drive the air filters market growth in APAC
region.
Drivers – Air Filtration Market
·
Enforcement
of strict regulations
Implementation
of strict regulations due to rising environmental concerns compel manufacturers
to install air filtration in various industries. Several countries in various
regions have imposed strict government regulations based on the reporting and
limiting of the emissions levels that are supporting the use of air filtration
systems. For instance, in April 2018, Canada had introduced regulations for
cutting of the methane emissions up to 40-45% by 2025 with the baseline of
2012. In addition, the provinces of Saskatchewan, Alberta, and British Columbia
are having more specific and stringent regulatory measures in place for
addressing venting and flaring that comes from the upstream oil and gas
operations which further drives the air filtration market growth.
·
Increasing
funding activities
There has been
increasing funding for air filtration startups and development of new products
with advanced technologies. For instance, in 2019, Nanoclean Global Pvt Ltd, a
nanotechnology startup which develops air filtration devices, had raised
$600,000 funding. During the same year, Volz Filters, the U.K. manufacturers of
air filters had secured a funding of $650k for development of new products and
strengthen its business. In addition to these, many reseach and development
activities are going on development of air filters with advanced features. For
instance, The Government of India has given projects such as mega air filter
towers, vehicle mounted air filters that trap particulate matter and ionization
of air and this drives the market growth.
Challenges – Air Filtration Market
·
High
capital investment, and ozone emissions may hamper market growth
Some air purifiers such as ozone generators,
electrostatic precipitators and ionizers emit ozone gases which can be harmful.
Ozone generating air purifiers emit
ozone gases as a strategy for eliminating bacteria and chemicals in the air. In
contrast, some electrostatic precipitators and ionizers emit ozone as a
byproduct of their function. Inhale of these gases may lead to several
diseases. However manufacturers are focusing on development of air filters
which are of ozone free. But the cost and maintenance of that filters is
expensive which hampers the growth of the air filtration market.
Market Landscape
Product launches, acquisitions and R&D activities are
the key strategies adopted by players in the Air Filtration market. The market of
Air Filtration top 10 companies are Daikin Industries Ltd, Alfa Laval,
MANN+HUMMEL, Parker Hannifin Corp, 3M, Sharp Corporation, Honeywell
International Inc, Cummins, Camfil, and Donaldson.
Acquisitions/Technology Launches
- In October 2019, Parker Hannifin Corp had launched Pro Tura SB which is a nano cartridge filter. It can be used for filtering industrial gases with high efficiency and greater energy savings. It also has greater resistance to moisture in the air stream. The introduction of new air filters with various features set to create opportunities for Air Filtration industry.
- In August 2019, Mann+Hummel had acquired Hardy Filtration, a Canadian air filtration company. This acquisition is anticipated to expand the company's global footprint and manufacturing capabilities of the Tri-Dim Filter Corporation, which was acquired by Mann+Hummel in 2018.