The growing focus on improving the indoor air quality across industrial establishments, in the United States, in a bid to minimize health risks and increase worker safety is driving demand for higher efficiency air filters. In fact, this trend will place new and replacement sales on the upward trajectory despite market maturity and declining industrial activity.
New analysis from Frost & Sullivan reveals that the U.S. Industrial Air Filtration Market earned revenues of $721.50 million in 2005 and estimates this to reach $1,095.70 million in 2012.
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“As industrial end users strive to lower heath hazards and maximize employee productivity, manufacturers must offer air filtering equipment with high performance capabilities that can effectively remove even harmful sub-micron particulates,” says Frost & Sullivan Research Analyst Shriram Subramanian.
Regulations mandating the need for purer indoor air are also supporting the development of higher efficiency air filters. For example, stringent Government regulations such as the Environmental Protection Agency and Occupational Safety and Health Administration emphasize the need for best quality indoor air, a step towards safer and healthier work environment.
While the demand for such high efficiency filters is a boost to sales and revenues, manufacturers are finding it increasingly challenging to introduce new products due to little changes in filtration technology.
Some advancement in the form of using synthetic filter media has occurred, but there is still a gap between the ‘expected’ and ‘actual’ filtration capabilities, which manufacturers need to address immediately to drive the market forward and sustain themselves in the competition.
Another key aspect for improvement lies in minimizing the pressure drop in air filters that can offer energy savings to the end user and consequently lower the total cost of ownership. While heavier investments in research and development translate into effective air filtration, manufacturers still face increased production and engineering costs.
In a bid to lower costs and acquire new customers, many large manufacturers are finding it beneficial to forge partnerships with firms that are involved in similar businesses. This allows them to get access to valuable resources in terms of manpower and technical expertise.
Moving to niche or specialty markets where the focus lies on best in class customer service through tailor-made filtering equipment is another strategy that is proving to be extremely valuable for sustaining market share.
“Ultimately, growth in the U.S. Industrial Air Filtration market relies on a combination of factors,” says Subramanian. “For instance, while it is vital to keep pace with changing trends and customer requirements, brand recognition, effective distribution networks, and an emphasis on quality products at competitive prices are essential for long-term success.”
U.S. Industrial Air Filtration Market is part of the Building Management Technologies subscription service and provides an overview of the market size, a discussion on the market drivers as well as restraints, and an in-depth analysis of market share. This study also offers revenue forecasts for bag filters, cartridge collectors, mist collectors, cyclones, and high efficiency particulate air filters and revenue growth rates for each of these market segments from 2002 to 2012. It includes detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Analyst interviews and executive summaries are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
U.S. Industrial Air Filtration Market