Industrial Air Filtration Market Size, Share & Trends Report

Industrial Air Filtration Market Size, Share & Trends Analysis Report By Product, By End Use (Cement, Food & Beverage, Metal, Power, Pharmaceutical), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-380-5
  • Number of Pages: 152
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the industrial air filtration market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for industrial air filtration market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of industrial air filtration market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Industrial Air Filtration Market Categorization:

The industrial air filtration market was categorized into three segments, namely product (Dust Collectors, Mist Collectors, Fume Collector, HEPA Filters, Cartridge Collectors & Filters, Baghouse Filters), end-use (Cement, Food & Beverage, Metal, Power, Pharmaceutical, Chemical & Petrochemical, Paper & Wood Processing, Agriculture), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The industrial air filtration market was segmented into product, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The industrial air filtration market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S., Canada, Mexico, Germany, Italy, France, the UK., China, India, Japan, Australia, Argentina, Brazil, Saudi Arabia, and South Africa

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Industrial air filtration market companies & financials:

The industrial air filtration market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Honeywell International Inc. -Honeywell International Inc. caters to a wide range of industries including aerospace, specialty chemicals, petrochemicals, electronics, and advanced materials. It operates through four segments – Aerospace, Performance Materials and Technologies, Building Technologies, and Safety and Productivity Solutions. Honeywell Building Technologies business segment offers products including controls and displays for indoor air quality, cooling, heating, ventilation, combustion, humidification, lighting, switches, sensors, and control systems for energy management; advanced software applications for building optimization and control; remote patient monitoring systems; fire products and others; as well as services such as installation, upgrade, and management of systems

  • MANN+HUMMEL -MANN+HUMMEL operates through two major business segments –Transportation and Life Sciences & Environment (LS&E). Transportation comprises the original equipment and aftermarket businesses. It serves the automotive industry with air filter systems, intake systems, liquid filter systems, and engineering plastic parts. LS&E comprises air filtration and water & fluid solutions business units. The company’s air filtration solutions are utilized in various end-use industries, including offices, schools, commercial and industrial buildings, and even in hazardous locations like offshore oil platforms.

  • Daikin Industries, Ltd. - Daikin Industries, Ltd. Manufactures and markets air conditioning systems and chemical products. The company operates through its major business segments – Air Conditioning, Chemicals, Oil Hydraulics, and Defense Systems. The company offers air-conditioning systems, room heating and heat pump hot water supply systems, room air conditioning systems, air filters, industrial dust collectors, and air purifiers for plants, facilities, and office buildings through its air conditioning segment. It also provides low and medium-air conditioning systems, water chillers, air purifiers, humidity-adjusting air processing units, marine-type container refrigeration systems, and air handling units through its air conditioning segment.

  • Danaher - Danaher operates through four major business segments – Biotechnology, Life Sciences, Diagnostics; and Environmental & Applied Solutions. The company provides industrial filtration through its life sciences business segment. The filtration, separation, & purification technologies business segment provides products used in industrial settings to remove solid, liquid, and gaseous contaminants from a wide range of liquids & gases, primarily by selling filtration consumables. The company has a geographical presence across North America, Europe, Asia Pacific, Oceania, and Africa regions.

  • Donaldson Company, Inc. - Donaldson Company, Inc. operates through two business segments – Industrial Products and Engine Products. The company caters to the requirements of on-road, off-road, aerospace, and aftermarket applications through its engine products segment, while gas turbine systems, industrial filtration solutions, etc. have been considered under its industrial products segment. It caters to a wide range of industries such as aerospace, automotive, agriculture, biotechnology, construction, defense, energy, food & beverage, forestry, industrial process, manufacturing, and marine. Moreover, the company is present across 140 locations across the world, 74 of which are manufacturing and distribution centers. It has over 100 technical laboratories.

  • SPX FLOW, Inc. - SPX FLOW, Inc.is a global multi-technology provider and supplier of highly engineered products. It operates through the business segments HVAC, Detection and Measurement, and Engineered Solutions business segments. The HVAC segment of the company offers commercial and industrial refrigeration products, packaged cooling towers, comfort heating solutions, filtration solutions, and residential & commercial boilers. The company operates through more than 150 offices worldwide, present in over five continents.

  • Lydall, Inc. - Lydall, Inc. operates through three business segments – Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions. The Performance Materials segment provides solutions for fluid power, industrial air filtration media solutions, as well as for air and liquid life science applications. It also delivers thermal insulation solutions for appliances, buildings, and industrial applications. The company’s global manufacturing facility produces specialist-engineered products for the thermal/acoustical and filtration/separation industries. Lydall has its presence across several locations, including the U.S., France, the Netherlands, Japan, Taiwan, China, India, the UK, Germany, and Canada.

  • American Air Filter Company, Inc. - American Air Filter Company, Inc. develops air filtration technologies and has manufacturing, warehousing, and distribution operations in over 22 countries across four continents. The company operates through three key product segments – Residential, Commercial, and Industrial, and Power and Industrial. The company provides dust-collecting solutions, engine solutions, gas turbine solutions, and nuclear solutions through its power & industrial product segment. It serves diverse industries including aerospace, automotive, chemicals, food & beverage, industrial minerals, metalworking, pharmaceutical, trash & recycling, and wood, pulp & paper.

  • Industrial Air Filtration, Inc. - Industrial Air Filtration, Inc. offers various solutions including dust, fume & mist collection, ducting & custom fabrication, explosion prevention & protection, industrial fans & blowers, and electrical controls. Moreover, the company also delivers a wide range of services such as engineering & design and service & support. It caters to a wide range of industries such as automotive, abrasive blasting & finishing, woodworking/wood manufacturing, aggregates/bin vents, almond, nut, and rice, aerospace, bioenergy, metalworking manufacturing, breweries, and composites. The company supplies various products such as baghouse dust collector filters, cartridge filters, power core filter packs, panel filters, filters for mist collection, HEPA Filters, MERV 7, MERV 11 filters, and other air filters for dust, fume, and mist collection. Industrial Air Filtration, Inc. serves the Western U.S. including California, Nevada, and Oregon locations.

  • PARKER HANNIFIN CORP - PARKER HANNIFIN CORP operates through two business segments – Aerospace Systems and Diversified Industrial. The company has a presence in 45 countries worldwide. The company operates in diversified industrial segments through its key companies, which are Filtration Group, Engineered Materials Group, Instrumentation Group, Fluid Connectors Group, and Motion Systems Group. Furthermore, through its Filtration Group, the company provides filters, and systems to remove contaminants from air, oil, and other liquids & gases.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Industrial Air Filtration Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Industrial Air Filtration Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation
pdf

GET A FREE SAMPLE

bck

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

cog

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member

ISO

ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon