Industrial Air Cleaners Market | Growth and Analysis
Market Growth and Forecasts for 2021-2025
Industrial air cleaners market is set to post an incremental growth of $ 826.27 mn during 2021-2025. The market will progress at a CAGR of over 4% during the forecast period owing to several factors such as the recovery in the automotive industry, need for cleaner and purified air, and the development of next-generation engines. These three factors will comibine to offer immense business opportunities Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.
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Industrial Air Cleaners Market: Market Segments and Key Trends
Industrial air cleaners and purifiers market is segmented by Product (HEPA filters, Electrostatic precipitators, Ion and ozone generators, and Others) and Geography (APAC, North America, Europe, MEA, and South America). APAC led the market with 55% of the market growth set to originate from this region during the forecast period. Growing sales of electric vehicles is one of the challenges that is likely to hinder market growth. This research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
Industrial Air Cleaners Market: What are the Growth Drivers?
One of the primary factors that will drive market growth is the recovery in automotive industry and the development of next-generation engines. APAC is set to record rapid growth during the forecast period which will offer several growth opportunities to market vendors. The stringent norms and regulations on emissions will significantly influence industrial air cleaners market growth. A major share of the market growth will originate from APAC during the forecast period, with. China, Japan, and India emerging as the key markets in the region. The industrial air cleaners market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
Vendor Analysis: 3M Co., Alfa Laval AB and Camfil AB are key growth contributors
The market is concentrated. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Alfa Laval AB, Camfil AB, Cummins Inc., Donaldson Co. Inc., Honeywell International Inc., MANN+HUMMEL, Sharp Corp., Troy Filters Ltd., and W. L. Gore & Associates Inc. are some of the major market participants.
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Industrial Air Cleaners Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs:
Industrial Air Cleaners Market Size to Grow by $ 826.27 mn through 2021-2025
Technavio research projects the industrial air cleaners market to grow by $ 826.27 mn, accelerating at a CAGR of over 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Industrial Air Cleaners Market: Key Market Driver
One of the primary factors that will trigger the growth of the industrial air cleaners market size is Recovery in automotive industry and the development of next-generation engines. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Industrial Air Cleaners Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Alfa Laval AB, Camfil AB, Cummins Inc., Donaldson Co. Inc., Honeywell International Inc., MANN+HUMMEL, Sharp Corp., Troy Filters Ltd., and W. L. Gore & Associates Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
Technavio has been monitoring the global industrial air cleaners market and it is expected to grow by USD 826.27 million, accelerating at a CAGR of over 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Industrial Air Cleaners Market: Segmentation by Product
The market is segmented by product into HEPA filters, electrostatic precipitators, ion and ozone generators, and others. The HEPA filters segment is the more popular market segment. Factors such as recovery in automotive industry and the development of next-generation engines, growing emissions owing to increasing economic activities, and stringent norms and regulations on emissions will offer immense growth opportunities. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial air cleaners market size.
Industrial Air Cleaners Market: Segmentation by Geography
APAC was the largest Industrial Air Cleaners Market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. 55% of the market growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for industrial air cleaners in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the industrial air cleaners market size.
Industrial Air Cleaners Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Alfa Laval AB and Camfil AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
For more insights into this market: Download a Free Sample Report
