London, 24 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global thermal treatment air filtration market 2015-2019, which is expected to grow at a CAGR of 7.16% during the forecast period of 2014-2019.
The recent paradigm shift in consumers’ preference for eco-friendly solutions is expected to drive market growth during the forecast period. This paradigm shift has resulted in the reduction of toxic emissions during industrial manufacturing processes. Also, the implementation of various pollution-control regulations by the government ensures lower emissions of air pollutants like volatile organic compounds (VOCs), COx, and nitrogen oxide. Stern emission standards for automobiles, industrial areas, and factories are likely to stimulate the extensive usage of air filters during the forecast period.
“In the thermal treatment air filtration market, some major vendors provide only equipment or systems, whereas some specialize in providing catalysts or automation solutions. However, end-users prefer an end-to-end solution, which is economical and provides them with a low total cost of ownership,” says Faisal Ghaus, Vice President of Technavio.
“End-users that invest heavily in equipment installation and require servicing because they lack the knowledge to do so themselves prefer vendors that offer complete product and service solutions.”
Key Market Drivers:
- Government Regulations.
- Increase in Replacement Activities.
- Need for High Efficiency.
Key Market Trends:
- Increased Application in Oil and Gas Industry.
- Emergence of APAC as Major Market.
- High Demand for End-to-End Services.
Key Market Vendors:
- BASF SE
- Durr AG
- Eisenmann AG
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
