Air Treatment Market by Technology (HEPA Filters, Activated Carbon), Product (Dust Collector, Engine exhaust systems), Application (Exhaust air and Compressed air), Vertical (Manufacturing, Automotive), and Geography - Global Forecast to 2023
[142 Pages Report] The air treatment market is expected to reach USD 25.56 billion by 2023 from 16.11 billion in 2017, at a CAGR of 8.00% from 2018 to 2023.
The growth of this market is propelled by the increasing demand from manufacturing, automobile, oil & gas, and power generation industries.
Stringent regulations governing emission and treatment of industrial effluents and growing industrialization in developing nations to drive the global air treatment demand close to USD 25.56 billion by 2023
The growth of the air treatment market is majorly driven by increasing industrialization and urbanization, stringent regulations governing emissions and treatment of industrial effluents, and the need for achieving high efficiency with mechanical equipment and factory processes.
Air treatment is done in various end-use verticals like manufacturing, automotive, oil & gas, power generation, pulp & paper, commercial, and residential.
With the continuous development of technology and stringent emission regulations, there is a rise in the consumption efficient air treatment systems. HEPA filters and activated carbon are the dominant technologies leading the growth of the overall air treatment market.
Air Treatment Market Dynamics
Market Drivers
- Growing industrialization and urbanization
- Stringent regulations governing emission and treatment of industrial effluents
- Need for achieving high efficiency with mechanical equipment and factory processes
Restraints
- Increasing demand for electric vehicles
- Emerging alternative and renewable energy sources
Opportunities
- High rate of industrialization in developing nations
- Increasing demand for air treatment during semiconductor & electronics manufacturing
Challenges
- Availability of grey market air treatment products
Report Objectives
- To define and breakdown the global air treatment market, and forecast its valuation, based on technologies, products, applications, and verticals
- To forecast the market’s valuation based on 4 regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To analyze micromarkets with regard to individual growth trends, prospects, and contribution to the market
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
- To analyze market opportunities for stakeholders and provide a detailed competitive landscape of the air treatment market
- To analyze developments such as expansions, mergers & acquisitions, product launches, and research and development (R&D) in the market
- To strategically profile key players in the air treatment market and comprehensively analyze their core competencies
The base year considered for the study is 2017, and the market size forecast is provided for the period from 2018 to 2023.
Research Methodology
This research study involves an extensive use of secondary sources, such as companies’ annual reports/presentations, industry association publications, directories, Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial study of the air treatment market.
Bottom-up procedure has been employed to arrive at the size of the overall market from the revenue of the key players in the air treatment market. After arriving at the overall market size, the total market has been split into several segments and sub segments, which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown have been employed to complete the overall market engineering process and arrive at exact statistics for all segments and sub segments. The breakdown of the profiles of primary respondents is depicted in the below figure.
To know about the assumptions considered for the study, download the pdf brochure
Critical questions would be:
- The air treatment ecosystem suffers from the widespread availability of cheap grey market products. When will this scenario improve?
- How are industry players addressing this challenge?
Key Target Audience:
- Air purification solution providers
- Government and regulatory bodies
- Market research and consulting firms
- Commercial R&D institutions
- Association and industry bodies
- Conservation professionals
- Municipalities, local and regional authorities
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Scope of the Report
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- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
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The air treatment market has been covered in detail in this report, segmented based on product, technology, application, vertical, and region. To provide a holistic picture, current market demand and forecasts have also been included in the report. The air treatment market has been segmented as follows:
Air Treatment Market, by product:
- Dust Collectors
- Fume/Smoke Collectors
- Engine Exhaust Systems
- Mist Eliminators
- Fire and Emergency Exhaust Systems
- Others
Air Treatment Market, by Technology:
- HEPA Filters
- Electrostatic Precipitators
- Activated Carbon
- UV Filters
- Ionic Filters
- Conventional Filters
Market by Application:
- Exhaust Air
- Compressed Air
Market by Vertical:
- Manufacturing
- Automotive
- Oil & Gas
- Power generation
- Pulp & Paper
- Commercial
- Residential
By Region:
- North America
- Europe
- APAC
- RoW (South America, Middle East, and Africa)
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Market size for 2019 and 2021 for segments such as product, technology, application, and vertical, geography.
- Company information: detailed analysis and profiling of additional (5) market players.
The air treatment market is expected to reach USD 25.56 billion by 2023 from USD 17.39 billion by 2018, at a CAGR of 8.00% during the forecast period. Factors driving the growth of the market include increasing industrialization and urbanization, stringent regulations governing emissions and treatment of industrial effluents, and the need for achieving high efficiency with mechanical equipment and factory processes.
Based on technology, the air treatment market has been segmented into HEPA filters, electrostatic precipitators, activated carbon, UV filters, ionic filters, and conventional filters. HEPA filters are likely to account for the largest share of the market during the forecast period. The demand for HEPA filters is driven by growing concerns of environmental sustainability, regulations regarding industrial emissions, and health issues related to airborne diseases. The air treatment market for activated carbon is expected to grow at the highest CAGR amongst all technologies during the forecast period; this growth can be attributed to these filters being efficient in capturing all carbon containments, hazardous gases (sulfur dioxide, carbon monoxide, and others) chemical fumes, odors, and smoke. These filters are preferred in industries such as automotive, manufacturing, power generation, and oil & gas.
Based on vertical, the air treatment market has been segmented into manufacturing, automotive, oil & gas, power generation, pulp & paper, commercial, and residential. The manufacturing industry is expected to hold the largest share of the market during the forecast period due to increasing industrialization and growing manufacturing activities in countries such as China, Japan, India, and South Korea. Tightening emission control regulations and air quality monitoring standards worldwide would be major drivers for the adoption of air treatment systems in the manufacturing industry. The automotive vertical is expected to be one of the significant contributors to the market in 2018 and the market for this segment is expected to grow at the highest CAGR amongst all verticals during the forecast period.
APAC currently holds the largest share of the air treatment market and is expected to grow at the highest CAGR globally from 2018 to 2023. Countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities in the world. Increasing population, rapidly growing economies (developed as well as developing), and government initiatives to promote industrial growth have made APAC an ideal manufacturing destination for various sectors including semiconductors, electronics, and automotive. Advancements in terms of economic growth, infrastructural developments, and construction of power plants are expected to boost the growth of the market in APAC in the coming years.
The major challenges for the companies in the air treatment market are increasing demand for electric vehicles and emerging alternative and renewable energy sources. Companies have adopted new product developments and partnerships, contracts, agreements, & joint-venture strategies, to expand their market presence and distribution networks in the market.
Some of the major players in the air treatment market are Freudenberg Filtration Technologies (Freudenberg) (Germany), Donaldson Company Inc (Donaldson) (US), Parker Hannifin Corp. (Parker Hannifin) (US), Ahlstrom-Munksjö (Finland), Mann+Hummel (Germany), Cummins Inc. (US), Camfil Group (Sweden), and Atlas Copco AB (Sweden).
Increasing industrialization and urbanization and stringent regulations governing emissions and treatment of industrial effluents likely to accelerate the demand for air treatment systems
Manufacturing
The manufacturing segment includes metal & mining, food & beverages, machinery & equipment, chemicals, electrical & electronics industries. Industrial air treatment and filtration is gaining importance due to strict environmental regulations that are pushing for cleaner processes and technologies. The machinery & equipment manufacturing industry uses air filtration for adsorption of corrosive gases and dust and particulate matter. The chemicals industry uses air filtration for particle separation, catalyst support, pollution control, and for filtering a wide variety of fumes/smoke produced during chemicals manufacturing. The electrical & electronics industry uses air filtration for keeping particulates at lowest possible minimum levels and to maintain air quality inside manufacturing facilities.
Automotive
Air treatment in the automotive industry is an aspect of paramount importance. A slight deviation from prescribed air limits might cause corrosion and manufacturing errors. Temperature, humidity, and dust are the 3 very important factors that need to be controlled while manufacturing vehicles and other automotive components to ensure quality, longevity, and performance; air cleaners, air conditioners, and drying and heating devices are employed in the industry to achieve desired air quality; apart from these, emission exhaust filtration, and in-vehicle air quality are other important applications.
Critical questions would be;
- Where will all these developments take the market in mid and long term?
- Which verticals will present major market potential in air treatment ecosystem?
- What will be the major market expansion strategy adopted by the players in the studied market?
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Market Scope
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Calculating Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Calculating Market Size By Top-Down Analysis (Supply Side)
2.3 Market Ranking Estimation
2.4 Air Treatment Market Breakdown and Data Triangulation
2.5 Research Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 32)
4.1 Attractive Opportunities for Air Treatment Market
4.2 Comparative Account of Growth Pattern of Air Treatment Market, By Application
4.3 Air Treatment Market in APAC, By Country & Industry (2017)
4.4 Market Shares of Major Countries in Market, 2017
4.5 Air Treatment Market, By Technology, 2018 vs 2023
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Industrialization and Urbanization
5.2.1.2 Stringent Regulations Governing Emissions and Treatment of Industrial Effluents
5.2.1.3 Need for Achieving High Efficiency With Mechanical Equipment and Factory Processes
5.2.2 Restraints
5.2.2.1 Increase in Demand for Electric Vehicles
5.2.2.2 Emerging Alternative and Renewable Energy Sources
5.2.3 Opportunities
5.2.3.1 High Rate of Industrialization in Developing Nations
5.2.3.2 Increasing Demand for Air Treatment During Semiconductors & Electronics Manufacturing
5.2.4 Challenges
5.2.4.1 Availability of Gray Market Air Treatment Products
6 Air Treatment Market, By Product (Page No. - 41)
6.1 Introduction
6.2 Dust Collectors
6.3 Fume/Smoke Collectors
6.4 Engine Exhaust Systems
6.5 Mist Eliminators
6.6 Fire/Emergency Exhaust Systems
6.7 Others
7 Air Treatment Market, By Technology (Page No. - 50)
7.1 Introduction
7.2 Hepa Filters
7.3 Electrostatic Precipitators
7.4 Activated Carbon
7.5 UV Filters
7.6 Ionic Filters
7.7 Conventional Filters
8 Air Treatment Market, By Application (Page No. - 58)
8.1 Introduction
8.2 Exhaust Air
8.2.1 Volatile Organic Compounds
8.2.2 Carbon Mono Oxide
8.2.3 Nitrogen Oxides
8.2.4 Sulfur Dioxide
8.2.5 Particulate Matter
8.2.6 Lead
8.3 Compressed Air
9 Air Treatment Market, By Vertical (Page No. - 62)
9.1 Introduction
9.2 Manufacturing
9.3 Automotive
9.4 Oil & Gas
9.5 Power Generation
9.6 Pulp & Paper
9.7 Commercial
9.8 Residential
10 Geographic Analysis (Page No. - 79)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 RoW
10.5.1 Middle East
10.5.2 South America
10.5.3 Africa
11 Competitive Landscape (Page No. - 98)
11.1 Introduction
11.2 Market Ranking Analysis of Major Players in Air Treatment Market
11.3 Competitive Situations and Trends
11.3.1 Product Launches
11.3.2 Expansions
11.3.3 Mergers & Acquisitions
11.3.4 Agreements, Partnerships, and Collaborations
12 Company Profiles (Page No. - 104)
12.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2 Key Players
12.2.1 Honeywell
12.2.2 Freudenberg
12.2.3 Donaldson
12.2.4 Parker-Hannifin
12.2.5 Mann+Hummel
12.2.6 Camfil
12.2.7 Ahlstrom-Munksjö
12.2.8 3M
12.2.9 Atlas Copco
12.2.10 Cummins
12.3 Other Key Players
12.3.1 Blueair AB
12.3.2 Sharp Corporation
12.3.3 Daikin
12.3.4 Bosch
12.3.5 Hengst Se & Co. Kg
12.3.6 American Air Filter Company
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 136)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (66 Tables)
Table 1 Environmental Protection Acts of A Few Major Countries
Table 2 Air Treatment Market, By Product, 2015–2023 (USD Billion)
Table 3 Market for Dust Collectors, By Vertical, 2015–2023 (USD Million)
Table 4 Market for Dust Collectors, By Region, 2015–2023 (USD Million)
Table 5 Market for Fume/Smoke Collector By Vertical, 2015–2023 (USD Million)
Table 6 Market for Fume/Smoke Collectors, By Region, 2015–2023 (USD Million)
Table 7 Market for Engine Exhaust Systems, By Vertical, 2015–2023 (USD Million)
Table 8 Market for Engine Exhaust Systems, By Region, 2015–2023 (USD Million)
Table 9 Air Treatment Market for Mist Eliminators, By Vertical, 2015–2023 (USD Million)
Table 10 Market for Mist Eliminators, By Region, 2015–2023 (USD Million)
Table 11 Market for Fire/Emergency Exhaust, By Vertical, 2015–2023 (USD Million)
Table 12 Market for Fire/Emergency Exhaust Systems, By Region, 2015–2023 (USD Million)
Table 13 Market for Others, By Vertical, 2015–2023 (USD Million)
Table 14 Market for Others, By Region, 2015–2023 (USD Million)
Table 15 Air Treatment Market, By Technology, 2015–2023 (USD Billion)
Table 16 Market for Hepa Filters, By Vertical, 2015–2023 (USD Million)
Table 17 Market for Electrostatic Precipitators, By Vertical, 2015–2023 (USD Million)
Table 18 Market for Activatd Carbon, By Vertical, 2015–2023 (USD Million)
Table 19 Market for UV Filters, By Vertical, 2015–2023 (USD Million)
Table 20 Market for Ionic Filters, By Vertical, 2015–2023 (USD Million)
Table 21 Market for Conventional Filters, By Vertical, 2015–2023 (USD Million)
Table 22 Air Treatment Market, By Application, 2015–2023 (USD Billion)
Table 23 Air Treatment Market, By Vertical, 2015–2023 (USD Billion)
Table 24 Market for Manufacturing Vertical, By Technology, 2015–2023 (USD Million)
Table 25 Market for Manufacturing Vertical, By Application, 2015–2023 (USD Million)
Table 26 Market for Manufacturing Vertical, By Region, 2015–2023 (USD Million)
Table 27 Market for Automotive Vertical, By Technology, 2015–2023 (USD Million)
Table 28 Market for Automotive Vertical, By Application, 2015–2023 (USD Million)
Table 29 Market for Automotive Verticals, By Region, 2015–2023 (USD Million)
Table 30 Market for Oil & Gas Vertical, By Technology, 2015–2023 (USD Million)
Table 31 Market for Oil & Gas Vertical, By Application, 2015–2023 (USD Million)
Table 32 Market for Oil & Gas Vertical, By Region, 2015–2023 (USD Million)
Table 33 Market for Power Generation Vertical, By Technology, 2015–2023 (USD Million)
Table 34 Market for Power Generation Vertical, By Application, 2015–2023 (USD Million)
Table 35 Market for Power Generation Industry, By Region, 2015–2023 (USD Million)
Table 36 Market for Pulp & Paper Vertical, By Technology, 2015–2023 (USD Million)
Table 37 Market for Pulp & Paper Vertical, By Application, 2015–2023 (USD Million)
Table 38 Market for Pulp & Paper Vertical, By Region, 2015–2023 (USD Million)
Table 39 Market for Commercial Vertical, By Technology, 2015–2023 (USD Million)
Table 40 Market for Commercial Vertical, By Application, 2015–2023 (USD Million)
Table 41 Market for Commercial Vertical, By Region, 2015–2023 (USD Million)
Table 42 Market for Residential Vertical, By Technology, 2015–2023 (USD Million)
Table 43 Market for Residential Vertical, By Application, 2015–2023 (USD Million)
Table 44 Market for Residential Vertical, By Region, 2015–2023 (USD Million)
Table 45 Air Treatment Market, By Region, 2015–2023 (USD Billion)
Table 46 Market in North America, By Country, 2015–2023 (USD Million)
Table 47 Market in North America, By Product Type, 2015–2023 (USD Million)
Table 48 Air Treatment Market in North America, By Application, 2015–2023 (USD Million)
Table 49 Market in North America, By Vertical, 2015–2023 (USD Million)
Table 50 Market in Europe, By Country, 2015–2023 (USD Million)
Table 51 Market in Europe, By Product Type, 2015–2023 (USD Million)
Table 52 Market in Europe, By Application, 2015–2023 (USD Million)
Table 53 Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 54 Market in APAC, By Country, 2015–2023 (USD Million)
Table 55 Market in APAC, By Product Type, 2015–2023 (USD Million)
Table 56 Market in APAC, By Application, 2015–2023 (USD Million)
Table 57 Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 58 Market in RoW, By Region, 2015–2023 (USD Million)
Table 59 Market in RoW, By Product Type, 2015–2023 (USD Million)
Table 60 Market in RoW, By Application, 2015–2023 (USD Million)
Table 61 Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 62 Market Rank Analysis, By Key Player, 2017
Table 63 New Product Launches, 2015–2017
Table 64 Expansions, 2015–2017
Table 65 Acquisitions, 2015–2017
Table 66 Agreements, Partnerships and Collaborations, 2015–2017
List of Figures (46 Figures)
Figure 1 Air Treatment Market: Research Design
Figure 2 Process Flow
Figure 3 Air Treatment Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Market Snapshot (2018 vs 2023): Automotive Vertical to Present Huge Opportunities During Forecast Period
Figure 8 Market for Automotive Vertical to Exhibit Highest CAGR Amongst All Verticals During Forecast Period
Figure 9 Hepa to Hold Largest Share of Market From 2018 to 2023
Figure 10 Exhaust Air Applications to Hold Largest Share of market From 2018 to 2023
Figure 11 APAC to Account for the Largest Share of market During Forecast Period
Figure 12 Stringent Emission Regulations to Drive Market From 2018 to 2023
Figure 13 Market for Compressed Air Applications to Grow at Highest CAGR During Forecast Period
Figure 14 China Held Largest Share of market in APAC in 2017
Figure 15 US Accounted for Largest Share for Market in 2017
Figure 16 Activated Carbon is Expected to Grow at Highest CAGR During the Forecast Period
Figure 17 Market: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Dust Collectors to Hold Largest Share of Market From 2018 to 2023
Figure 19 Hepa Filters to Hold Largest Share of Market During Forecast Period
Figure 20 Manufacturing Vertical to Hold Largest Share of market for Electrostatic Precipitators During Forecast Period
Figure 21 Manufacturing to Hold Largest Share of Market for Ionic Filters During Forecast Period
Figure 22 Automotive Vertical to Hold Largest Share of market for Conventional Filters During Forecast Period
Figure 23 Exhaust Air Application to Lead the market By 2023
Figure 24 Market for Automotive Vertical to Grow at Highest CAGR During Forecast Period
Figure 25 Electrostatic Precipitators to Hold Largest Share of market for Manufacturing Vertical During Forecast Period
Figure 26 Hepa Filters to Account for Largest Share of Market for Automotive Vertical During Forecast Period
Figure 27 APAC to Hold Largest Share of Market for Power Generation Vertical During Forecast Period
Figure 28 APAC to Hold Largest Share of Market for Commercial Vertical During Forecast Period
Figure 29 APAC to Hold Largest Share of Market for Residential Vertical During Forecast Period
Figure 30 Geographic Snapshot: Air Treatment Market
Figure 31 Attractive Growth Opportunities for Market Across Verticals in APAC From 2018 to 2023
Figure 32 US to Hold Largest Share of North American Market From 2018 to 2023
Figure 33 Snapshot of market in Europe
Figure 34 APAC: Snapshot of market
Figure 35 Snapshot of market in RoW
Figure 36 Product Launches and Merger & Acquisition Were Key Growth Strategies (2015–2017)
Figure 37 Battle for Market Share: Product Launches, Merger & Acquisition Were Key Strategies (2015–2017)
Figure 38 Honeywell: Company Snapshot
Figure 39 Freudenberg: Company Snapshot
Figure 40 Donaldson: Company Snapshot
Figure 41 Parker-Hannifin: Company Snapshot
Figure 42 Mann+Hummel: Company Snapshot
Figure 43 Ahlstrom-Munksjö: Company Snapshot
Figure 44 3M: Company Snapshot
Figure 45 Atlas Copco: Company Snapshot
Figure 46 Cummins: Business Overview
Growth opportunities and latent adjacency in Air Treatment Market
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