The global Thermal Air Filtration Market is estimated to be valued at US$15.00 Bn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Thermal air filtration products include air filters and scrubbers that use heat to control air pollution by removing particulate matter and gaseous pollutants from industrial exhaust streams. Thermal air filtration provides efficient and cost-effective compliance with environmental regulations for various industries such as utilities, chemicals, minerals, metals processing, waste-to-energy facilities, and oil & gas refineries.
Market key trends:
Thermal air filtration has emerged as an effective solution to control air pollution from various industries and has witnessed increasing adoption in recent years due to stringent environmental norms. One of the key trends in the market is the development of high-temperature and energy-efficient filters to treat pollutants from industries such as iron & steel, cement, incineration plants. Manufacturers are also focusing on integrated systems with advanced monitoring and process automation to improve operational efficiency. Rising environmental awareness and investment in pollution control infrastructure especially across developing regions will continue to drive the demand for thermal air filtration solutions over the forecast period.
Segment Analysis
The global thermal air filtration market is segmented by product type, end-use industry, and geography. By product type, the market is divided into thermal oxidizers, catalytic oxidizers, regenerative thermal oxidizers, and recuperative thermal oxidizers. Among these, the regenerative thermal oxidizers segment dominated in 2022 owing to its high thermal efficiency and ability to capture more pollutants compared to other product types. By end-use industry, the market is bifurcated into oil & gas, manufacturing, automotive, chemical, coating & printing, healthcare, food & beverage, and others. The oil & gas segment accounted for the largest share in 2022 as thermal air filtration units are widely used to control air pollution from oil & gas facilities.
Key Takeaways
The global thermal air filtration market size was valued at US$15.00 billion in 2023. It is expected to witness high growth, exhibiting a CAGR of 7.4% over the forecast period of 2023 to 2030, due to increasing environmental regulations regarding emission control across various industries.
Regionally, North America dominated the market in 2023 with a share of over 30%, followed by Europe and Asia Pacific. Stringent air pollution control norms in the US and Canada are propelling the demand for advanced thermal air filtration systems in the region. Asia Pacific is expected to witness the fastest growth during the forecast period owing to rapid industrialization and urbanization in India, China, and other developing countries.
Key players operating in the thermal air filtration market are Fives, Babcock & Wilcox MEGTEC, John Zink Company, LLC, ZEECO,Inc, Eisenmann Corporation, CECO Environmental Corporation, Honeywell International, CTP(Chemisch Thermische Prozesstechnik) GmbH, Anguil Environmental, Process Combustion Corporation, CEC-ricm, Inc, Catalytic Products International (CPI), Bayeco, Inc, The CMM Group, Air Clear, Perceptive Industries, Pollution Systems, Glenro, and APC Technologies. These companies are focusing on new product launches and expansion strategies to gain a competitive edge in the market.
