Industrial Air Filtration Market Overview and Trends Forecast 2014 - 2025
The global industrial air filtration market is expected to reach USD 6.08 billion by 2025, according to a new report by Radiant insights, inc. The growing demand for high-performing, energy-efficient products is expected to catapult the demand over the forecast period. Further, environmental awareness and rapid industrialization coupled with resource scarcity are also expected to catalyze the market growth over the next nine years. Technological advancements have resulted in the manufacturing of a new filter media to meet the demand of energy-efficient products. This, in turn, has instigated the development of innovative raw materials such as small fibers and is anticipated to provide new avenues for industry growth. Financial drivers are also expected to play key roles in incentivizing end-users to enhance the performance of a manufacturing process and reduce manufacturing costs. The industry is anticipated to witness the movement of manufacturing facilities to China or Eastern Eur...