Projected to grow at a CAGR of almost 8% from 2016 to 2024, Asia-Pacific air filtration market is expected to grow significantly over the forecast period owing to growing environmental concerns and rapid urbanization. China’s market dominated the region in the near past and is anticipated to grow at a CAGR of about 6% in the near past. Environmental regulations regarding air emissions are complementing the market growth over the next few years. Introduction of various occupational health and safety regulations in various industries are to have a positive impact on the industry.
The metal processing industry contains fumes, vapor and dust which require an efficient air filtration solution to improve manufacturing quality, comply with emission standards and to protect employees. Enhanced technology has come up in recent years to improve performance and quality of air filters, while at same time reduce energy consumption without compromising with the filtration requirements is to drive the demand over the forecast period. Introduction of improved raw materials like small fibers along with enhancement in non-woven technology also anticipated to drive the market demand.
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Air filtration requires high initial capital investment for its operations which is to hamper the market growth over next eight years. Though coal is expected to be the major source of power generation in the next five years, renewable and alternate sources for power generation are gaining importance. Some of these power sources have no emissions which can challenge the growth of these filters in coming years. Moreover, increasing attention in Asia-Pacific region on gasoline selective desulphurization is decelerating the air quality control and increasing number of economic downturn in Asia-Pacific region may also challenge the market growth. However, R&D initiatives in this industry to innovate in the field of small fibers and nanotechnology provide for opportunities in this market. Also, the increasing number of coal-fired power plants in China and India also offer opportunities in this industry.
Asia-Pacific air filtration market can be segmented on the basis of technology and application. On the basis of technology, the market includes flue gas desulphurization systems, baghouse filters, electrostatic precipitators, fabric filters, nitrogen control systems, scrubbers and mercury control systems. The fabric filters and electrostatic precipitators dominated the market in the recent past owing to stringent regulations regarding particulate matters. Baghouse filters are expected to grow in the next eight years on account of growth in cement, mining industry and coal-fired plants.
On the basis of application, the market can be divided into cement, metal, food, power and pharmaceutical industries. The power sector dominated the market in the recent past. Increasing implementation of these filters in nuclear installations such as nuclear energy research facilities, waste management, power generation units and fuel processing installations is expected to have a positive impact on the market. The food sector is expected to witness a significant growth over the forecast period. Manufacturers in food industry emphasize on providing high-quality filtered air owing to strict rules and regulations pertaining to food hygiene and safety.
China dominated the Asia-Pacific air filtration market in the recent past on account of emission regulations in the region. The increasing number of gas-fired power plants, cement industry, coal industry and metal industry emitting huge amount of pollutants is to drive the market growth over the forecast period. Moreover, stringent regulations regarding mercury and NOx emissions are to increase the demand for air filtration systems in the next eight years. Legislative initiatives on account of increasing GHG emissions and climate change in emerging countries of Asia especially Thailand, Vietnam and India require enhancement in media technology and filter design which in turn offers avenues for the market growth over the forecast period.
Key players in the market are Mitsubishi Hitachi Power Systems Ltd., Thermax Ltd., Hamon Corporation, Gea Bischoff, Foster Wheeler AG, Kc Cottrell Co. Ltd., Babcox & Wilcox Co., Siemens AG, Alstom SA, Ducon Technologies Inc. and Fujian Longking Co. Ltd. These players focus on forming strategic and technology alliances with other manufacturers to partner in developing their operations.
In June 2016, Babcox & Wilcox’s cage manufacturing operation for industrial environmental equipment was acquired by Windsor Wire LLC. The acquisition enhanced the manufacturing and distribution processes of Windsor Wire LLC. With this acquisition Windsor Wire LLC got strategically located in Williamsport, MD and better positioned to accommodate customers by offering better freight options for shipping, timing, delivery of baghouse filter cages.
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