Call 888-776-0942 from 8 a.m. to 10 p.m. Eastern Time
Increasing awareness of indoor air quality maintenance and increasing demand for HEPA filters in the hospital and pharmaceutical industries have promoted the growth of the global industrial air filter market.
Portland, Oregon, October 25, 2021/PRNewswire/ - Allied Market Research released a report titled "Industrial Air Filter Market by Type (HEPA rated and other filter media, ion, Activated carbon and UV filters), end-user industries (food and beverage, pharmaceutical, chemical and petrochemical, electronics, etc.) and applications (new systems and alternatives): global opportunity analysis and industry forecasts from 2021 to 2030". According to the report, the global industrial air filter market output value is 5.7 billion U.S. dollars in 2020, and it is expected to generate 12.3 billion U.S. dollars by 2030, with a compound annual growth rate of 8.3% from 2021 to 2030.
Declining air quality, increasing awareness and policies for indoor air quality maintenance, and increasing demand for HEPA filters in the hospital and pharmaceutical industries have promoted the growth of the global industrial air filter market. However, high capital and operating costs and the disposal of HVAC filters hinder market growth. On the other hand, the high focus on air filtration nanotechnology will bring new opportunities in the next few years.
Download the sample PDF: https://www.alliedmarketresearch.com/request-sample/8235
The food and beverage sector maintains its leading position throughout the forecast period
Based on the end-use industry, the food and beverage sector has the highest market share in 2020, accounting for more than a quarter of the global industrial air filter market, and is expected to maintain its leading position throughout the forecast period. This is due to the maximum installation of air filters in the food and beverage industry. However, due to the increased consumption of disposable products on the market, the electronic product sector is expected to have the highest compound annual growth rate from 2021 to 2030, at 10.1%.
Get a detailed analysis of the impact of COVID-19 on the industrial air filter market:
https://www.alliedmarketresearch.com/request-for-customization/8235
Alternative market segments maintain their leading position during the forecast period
From the application point of view, the replacement market segment will have the largest share in 2020, contributing nearly three-fifths of the global industrial air filter market, and is expected to maintain its leading position during the forecast period. In addition, due to frequent replacement of filter media in air filters, the same market segment is expected to achieve a maximum compound annual growth rate of 8.4% between 2021 and 2030. The other part discussed in the report is the new system.
The Asia-Pacific region, followed by North America, will maintain its dominant position by 2030
By region, the Asia-Pacific region, followed by North America, will have the highest market share in revenue in 2020, accounting for more than two-fifths of the global industrial air filter market. This is due to the large-scale installation of industrial air filters in industries in China and India. However, due to the rapid industrialization of countries in the region, the LAMEA region is expected to have the fastest compound annual growth rate during the forecast period, at 9.1%.
Interested in obtaining data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/8235
Avenue Library Subscription | Apply for a 14-day free trial before purchase: https://www.alliedmarketresearch.com/avenue/trial/starter
For more information: https://www.alliedmarketresearch.com/library-access
HVAC filter market: It is estimated that the global HVAC filter market in 2028 will reach US$11.61 billion from US$6.0661 billion in 2020, with a compound annual growth rate of 7.7% from 2021 to 2028.
Air heating equipment market: It is estimated that by 2027, the global air heating equipment market will reach 16.894 billion U.S. dollars, with a compound annual growth rate of 5.1% from 2020 to 2027.
Industrial air purifier market: From 2020 to 2027, the compound annual growth rate of the global industrial air purifier market is 5.8%.
Smart air purifier market: The global smart air purifier market has a compound annual growth rate of 11.6% from 2020 to 2027.
Pleated Filter Market: 2021-2028 Global Opportunity Analysis and Industry Forecast
Automatic Backwash Filter Market-Global Opportunity Analysis and Industry Forecast 2020-2027
Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides unparalleled quality "market research reports" and "business intelligence solutions" for global enterprises and small and medium enterprises. AMR provides targeted business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market sectors.
We have established professional business relationships with many companies, which helps us to mine market data, thereby helping us generate accurate research data sheets and confirm that our market forecasts have the highest accuracy. Pawan Kumar, CEO of Allied Market Research, has played an important role in motivating and encouraging everyone associated with the company to maintain high-quality data and help customers succeed in every possible way. Every piece of data presented in our published report is extracted through preliminary interviews with senior officials of leading companies in related fields. Our secondary data procurement method includes in-depth online and offline research and discussions with knowledgeable professionals and analysts in the industry.
Contact us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 US toll free (US/Canada): 1-800-792-5285, UK: 44-845-528-1300 Hong Kong: 852-301-84916 India (Pune): 91-20-66346060 Fax: 1-855-550-5975 [Email protection] Website: https://www.alliedmarketresearch.com Follow us | Facebook | Twitter | LinkedIn
More news releases on similar topics
Cision Distribution 888-776-0942 8 a.m. to 9 p.m. Eastern Time