Air Treatment Market estimated to be worth $25.56 billion by 2023

(IT-NEWSWIRE.COM, November 19, 2021 ) According to the new market research report "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", the air treatment market, the market is expected to be worth USD 17.39 billion by 2018 and USD 25.56 billion by 2023, growing at a CAGR of 8.00% during the forecast period.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42321742

The growth of the air treatment market is driven by factors such as 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.

Dust collectors to hold largest share of air treatment market by product till 2018

Dust collectors are expected to hold the largest share of the air treatment market by 2018. Dust collector systems are widely used in industries such as automotive, oil & gas, energy & power, and manufacturing to prevent emission of dust and particulate matter into the atmosphere. Factors such as wide range of application in various end-use industries and stringent emission laws are to drive the market for dust collectors in 2018.

Manufacturing to hold largest share of air treatment market by vertical till 2018

Rapid expansion of production capacity and industrialization supporting growth of manufacturing industries (specially in emerging economies like China and India), stringent environment laws and regulations governing industrial emissions, and economic growth in developing countries have led to increasing demand for air treatment systems in the manufacturing vertical.

Air treatment market in APAC to hold the largest share during forecast period

The air treatment market in APAC is expected to hold the largest share during the forecast period. Increasing population, rapidly growing economies, and government initiatives to promote industrial growth have made APAC an ideal destination for production units for verticals such as semiconductor fabrication, consumer electronics, and automobiles. Advancements in terms of economic growth, infrastructural developments, and construction of power plants are expected to boost the growth of the air treatment market in APAC in the coming years.

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) are a few key players in the air treatment market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Information Tech News & Press Release Distribution

Air Treatment Market estimated to be worth $25.56 billion by 2023