The global Industrial Air Filtration market size was valued at US$ 10.6 billion in 2020 and is anticipated to grow at a CAGR of 7.5% during forecast period 2021 to 2028.
The global Industrial Air Filtration market size is expected to be worth around US$ 18.01 billion by 2028, according to a new report by Vision Research Reports.
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Growth Factors
The growing demand for high-performing and energy-efficient products is expected to catapult the demand over the forecast period. Technological advancements have resulted in the manufacturing of a new filter media to meet the demand for energy-efficient products. This, in turn, has instigated the development of innovative raw materials such as small fibers and is further anticipated to provide new avenues for industry growth.
Soaring electricity consumption has led to the development of new power generation plants, which is expected to be a key factor driving the market for industrial air filtration. Furthermore, implementation of stringent government regulations in order to protect human health by limiting or eliminating airborne pollutant concentrations will further aid in catapulting the market. Enforcement of Occupational Safety and Health Act (OSHA) code is the key factor anticipated to drive the market for industrial air filtration. The OSHA standards prohibit companies from retaliating against employees for exercising their rights under...
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