Asia Pacific Air Filtration Market 2020 - Future Scope Analysis and Revenue Statistics to 2023
Category: #headlines  By Rahul Varpe  Date: 2020-07-02
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Asia Pacific Air Filtration Market 2020 - Future Scope Analysis and Revenue Statistics to 2023

Increasing R&D investments along with new product development will drive Asia Pacific air filtration market size. Surging demand across diverse range of industrial applications may surge growth. Manufacturers emphasize on developing energy efficient products and vertical integration as a part of their growth strategy. Presence of associations such as Car Care Council (CCC) and Environmental Protection Agency (EPA) has helped raise awareness regarding automotive emission hazards, giving impetus to the automotive segment.

China air filtration market size will continue to represent the dominant regional segment in the coming years. This can be primarily attributed to the considerable automotive sector and presence of numerous industries across the region.

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Positive outlook on automotive production coupled with favorable regulatory norms are expected to drive Asia pacific air filtration market share. Consumer shift towards adoption of electric vehicles on account of minimum maintenance cost, offers credible threat of substitution for automotive intake air filters. Technological advancements and the development of cost-effective solutions will favorably impact industry growth over the forecast timeframe.

Asia pacific air filtration market size is poised for growth owing to surging demand across numerous industries including cement, metal, pharmaceutical and power. The power sector is expected to witness substantial gains owing to growth in nuclear industry which plays a key role in defense power and power generation.

Asia Pacific Air Filtration Market Growth Drivers: -

  1. Enhanced engine life
  2. Need to achieve energy efficiency

Asia pacific air filtration market share is characterized by intense competition with key players focusing on mergers &acquisitions to increase their revenue, which will result in consolidation. Major participants are Mann+Hummel, Cummins, Mahle, Camfil, Donaldson, and Clarcor. Mergers &acquisitions along with expansion of manufacturing activities form a part of manufacturers’ key growth strategies.

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APAC Industrial Air Filtration Application Analysis: -

  1. Cement
  2. Food
  3. Metals
  4. Power
  5. Pharmaceuticals
  6. Others

Changing demographics, resource scarcity, rising environmental awareness and rapid urbanization will catapult demand from 2016 to 2023. Development of innovative filter media to meet energy efficiency requirement has given rise to new raw materials such as small fibers, which is further expected to provide avenues for Asia pacific air filtration market growth over the next seven years.

The benefits derived HEPA filtration technology include maintenance of high initial power output, greater machine availability and reliability, improved efficiency, zero production downtime, increased component life, and lower emissions. These products are ideal for situations that require high collection efficiency of submicron particulate matter, and are used in applications involving biological, chemical and radioactive particulate matter.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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