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Asia-Pacific Air Filtration Market to Cross USD 6.6 Billion by 2024 - Resea... PowerPoint PPT Presentation


The Asia-Pacific air filtration market was valued at over USD 3.4 billion in 2015. It is projected to grow at a CAGR of 8.6% during the forecast period (2016-2024). The industry will reach nearly USD 6.6 billion by 2023. Emission norms and environmental regulations will drive the industry.

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Asia pacific air filtration market to cross usd 6 6 billion by 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Asia-Pacific Air Filtration Market Research Report - Industry

Analysis, Size, Growth and Forecast to 2024 - Hexa Research

The Asia-Pacific air filtration market stood at more than USD 3.4 billion in 2015. It is

estimated to grow at a CAGR surpassing 8.5% over the forecast period (2016-2024). The

market is anticipated to cross USD 6.6 billion by 2024. A rise in the number of gas-fueled

power plants, coal, cement, and metal industries leads to increased pollution. This is a key

factor that will fuel this market.

Innovation in the Asia-Pacific air filtration market would encourage new product

development, reduced operating costs, compliance with quality standards, and energy

conservation. These factors together will stimulate market demand. Increasing research &

development investments besides new technological developments will support further

growth.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Asia pacific air filtration market to cross usd 6 6 billion by 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Ongoing developments in air filtration technology have improved air quality and minimized

energy consumption. Advancements in nanotechnology, non-woven technology, and in raw

materials like small fibers are expected to contribute significantly to this market.

Browse Detail Report@

https://www.hexaresearch.com/research-report/asia-pacific-air-filtration-market

However, the initial installation costs of air filters, along with added attachments & other

technologies can increase the overall product cost. This could hinder industry growth, since

purchasing decisions are largely dependent on the overall cost of the product.

The Asia-Pacific air filtration market is segmented into applications, products, technologies,

and regions. On the basis of applications, the market is fragmented into pharmaceuticals,

metals, power, food, and cement. The power segment can expand at a CAGR of about 10%

during the forecast period. The can be attributed to advancements in nuclear power

generation and defense. Rigid environmental norms require that the air be free of

radioactive pollutants. This intern will positively impact market demand in the forthcoming

years.

The food segment is likely to witness considerable growth owing to stringent regulations

imposed on food manufacturing units. The focus of food manufacturers on high-quality

filtered air for better hygiene and safety will drive the Asia-Pacific air filtration industry.

Products include automotive, residential, and industrial. In 2015, automotive air filtration

dominated the market with over 55% of the total revenue shares. It would grow at a CAGR

of about 8% during the forecast period. The growing need for replacing these air filters on a

regular basis will support industrial growth.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Asia pacific air filtration market to cross usd 6 6 billion by 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Growing at more than 9.4% CAGR, the industrial segment will hold a share of nearly 27% in

the Asia-Pacific air filtration market. This segment is sub-divided into high-efficiency

particulate air (HEPA) filters, dust, baghouse filters, CCF, dust collectors, and mist

collectors. Mist collectors can witness substantial growth owing to their demand in metal

processing and in the food & beverage (f&b) industry.

Based on technologies, this market is categorized into electrostatic precipitators, baghouse

filters, nitrogen control systems, fabric filters, scrubbers, flue gas desulphurization systems,

and mercury control systems. Baghouse filters will expand robustly due to widespread

application in mining, coal-fired plants, and cement industries.

Regions encompass South Thailand, Australia, China, India, Malaysia, Japan, Korea, and

Indonesia. China will continue to lead the Asia Pacific market and will grow at a 9% CAGR

during the forecast period.

Key players in the Asia-Pacific air filtration industry are Windsor Wire LLC, Cummins,

Mahle, and MANN+HUMMEL group. Participants actively participate in mergers &

acquisitions to expand and gain an edge over the consolidated market.

Browse Related Category Market Reports@

https://www.hexaresearch.com/research-category/next-generation-technologies-

industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Asia pacific air filtration market to cross usd 6 6 billion by 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

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Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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