Industrial gas phase filtration system market to grow by USD 615.45 million from 2022 to 2027 | Growing investment in chemical and petrochemical industries to drive market growth - Technavio
NEW YORK, Aug. 30, 2023 /PRNewswire/ -- The industrial gas phase filtration system market is estimated to grow by USD 615.45 million from 2022 to 2027, growing at a CAGR of 4.72%. Growing investment in chemical and petrochemical industries drives the growth of the industrial gas phase filtration market. Chemical and petrochemical industries use different types of chemicals. They are useful products during the production process. Also the production processes of these two industries also cause environmental pollution with elements such as sulfur, nitrogen, oxygen, and trace metals. Such ingredients can react and produce harmful gases. Hence, such factors drive the growth of the industrial gas phase filtration market during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and forecast period (2023-2027) - View the Sample report
Company Landscape
The industrial gas phase filtration system market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now
Market Dynamics
Key Trends- Rising methane emissions are an emerging industrial gas phase filtration market trend. For instance, National Oceanic and Atmospheric Administration (NOAA) analysis conducted in April 2021 showed an annual increase in atmospheric methane in 2021. Furthermore, rising methane levels present an opportunity for the industry to use vapor phase filtration systems to reduce emissions. Hence, such trends fuel the growth of the industrial gas phase filtration market during the forecast period.
Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report
Company Profiles
The industrial gas phase filtration system market report includes information on the product launches, sustainability, and prospects of leading vendors including Camfil AB, Circul Aire Inc., Cosmos Air Purification, D Mark Inc., Daikin Industries Ltd., Danaher Corp., Donaldson Co. Inc., Freudenberg SE, HS Luftfilterbau GmbH, Johnson Controls International Plc, Madison Industries, MANN HUMMEL International GmbH and Co. KG, MayAir Group, Pahwa Group, and PureAir Filtration LLC.
Market Segmentation
This report extensively covers market segmentation by type (packed bed and combination), end-user (W and WW, pharmaceutical, chemical, oil and gas, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America).
- The packed bed segment will be significant during the forecast period.
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End User
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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