Owing to an increase in air pollution and rapid spread of airborne diseases, the global air filtration market is proliferating throughout the globe. Approximately 4.2 million deaths occurring as a result of exposure to outdoor air pollution every year and 91% of the global population lives in a place where air quality exceeds WHO guideline limits. These filters are manufactured and designed to protect from the contaminants present in the air. Increasing demand for reusable and washable filters will be a significant trend gaining eminence in this market. Reusable filters provide high indoor air quality and washable air filters prevent microbial growth. Furthermore, implementation of stringent government regulations to bring down levels of deadly particle air pollution by 20-30% by 2024 to protect human health by limiting or eliminating airborne pollutant concentrations will further aid in catapulting the air filtration market share. Subsequently, an aspiration to lead a healthier lifestyle and increasing occurrences of airborne diseases are anticipated to boost the demand of the air filtration market.
The global air filtration market attained a value of $16.82 billion in 2018 and is anticipated to rise at a CAGR of 3.84% over the forecast period 2019-2025.
An air purifier with washable filters is usually good at protecting from large particles. Cartridge filters are more efficient and used to remove particles, or sometimes chemicals from the water. Dry scrubbers are designed to remove dangerous gases and particles from commercial processes. A baghouse is a dust collection system that eliminates gases or particulates released from industrial exhaust streams out of the air.
APAC Holding Major Share of the Air Filtration Market
APAC generated 35.27% of the global air filtration market revenue in 2018. Owing to the increasing economic growth coupled with the growing adoption of air filters in the automotive sector, this region attributed to the highest market share. Owing to its low labor and infrastructure costs, China is expected to emerge as a worldwide hub for air filtration equipment manufacturing. Rapid industrialization and urbanization are the influencing factors for the rise in air pollution rates in emerging nations. The life expectancy in India has gone down by 2.6 years due to deadly diseases caused by air pollution. These filters can remove microbial contaminants from air which causes lethal diseases and improve life expectancy. For instance, the Government of India launched a National Clean Air Program (NCAP) which provides a route map to prevent and control air pollution. Thus, expecting the usage of air filters in vehicle manufacturing, smart cities development and in the residential sector, which in turn, spur the growth of the air filtration market size.
Growth of Air Filtration Market Reducing Emissions in the Automotive Sector
The application segment that will be creating the most lucrative opportunities for the air filtration market is the automotive sector. This application segment is projected to grow at a CAGR of 5.92% through to 2025. Air filters in automobiles can reduce emissions and increases engine life. These can prevent airborne contaminants such as dust, dirt, pollen, and leaves from getting pulled into the vehicle’s engine and potentially damaging it. The number of motor vehicles produced worldwide is around 95 million in 2018. Increasing demand for personal vehicles and subsequent rise in per capita income in the emerging economies has led to a remarkable growth of automobile sales in recent years, which in turn, spur the usage of air filters in the automotive sector. Thus, the growth of the air filters in the automotive industry directly proportional to the growth of the air filtration market share.
The automotive industry is the primary end-user of the air filtration market and automobiles powered by fossil fuels are need to be equipped with cabin air filters and engine air filters. Cabin air filters remove potentially harmful air particles entering the cabin and the engine air filter restricts their entry into engine cylinders thereby increases engine efficiency in the automobiles. Moreover, engine air filters also capture particulate matter and reduce the chances of mechanical wear and tear as well as oil contamination. In the automotive industry, air filters are used in oil intake, emission and cabin air filtration applications, which in turn, increases the air filtration market size.
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The Major Players in the Air Filtration Market:
Prominent players in the air filtration market include Alfa Laval AB, Camfil Clean Air Solutions, Clarcor Inc., Cummins Corporation, Daikin Industries, Ltd., Donaldson Company, Inc., Electrocorp, Honeywell International Inc., 3M, LG Electronics Inc., Mann+Hummel Group, Parker-Hannifin Corporation, Panasonic Corporation, and Sharp Corporation.
Sharp Corporation, a Japanese-based electronic products manufacturer has launched ‘KC-G40M’ air purifier cum humidifier on Mar 27, 2019. This state-of-the-art dual technology indoor air cleaning combo product can manage humidity level through natural evaporation technique which is helpful in maintaining body hydration levels, reduces allergic symptoms and saves electricity. This product can validate superior prevention against allergy, asthma and other respiratory symptoms. With its diverse range of air purification product line, Sharp Corporation expanded its customer base around the globe.
Mergers and acquisitions are the other key strategies adopted by the players to stay ahead of their competitors. Cummins Corporation, an American-based diesel, and alternative fuel engines, filtration and power generation products manufacturer has announced its acquisition with Efficient Drivetrains, Inc., Silicon Valley-based manufacturer of plug-in-hybrid and full electric powertrain systems on July 02, 2018. With this acquisition, Cummins expanded its product portfolio and its customer base globally. Also, Donaldson Company, Inc., an American-based engine and industrial air, oil and liquid filtration solutions provider has announced its acquisition with BOFA International Ltd., an UK-based industrial fume and dust extraction technology solutions provider on Sep 17, 2018. With this acquisition, Donaldson has enhanced its industrial air filtration business through technology-led filtration solutions. Such acquisitions aid the market players to expand their geographical boundaries and accentuate their footprint into the global air filtration market.
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