NEWARK, DE /ACCESSWIRE/November 1, 2022/ During the forecast period of 2022-2032, the GCC industrial air filtration market is expected to grow at a CAGR of 5.7% to reach a valuation of US$ 751.4 Mn by the end of 2032. The Industrial Air Filtration market is witnessing a very high intensity of competition across the globe and also in the GCC.
Manufacturing companies operating in the global market are focusing on expanding their network in the Gulf countries to benefit from the market growth. These activities of major players will enhance the competition in the GCC market and attract end users to opt for a better product at an economical price.
The continued growth of the industrial sector in the Gulf region has boosted the demand for related products. The United Arab Emirates recently announced its intention to more than double the current contribution of the manufacturing sector to the local economy by increasing industrial revenues to $81 billion over the next ten years. .
The Made in Saudi program was created by Saudi Arabia to help businesses grow locally and increase their exports to key markets. Growing industrialization and growing awareness of reducing air pollution and safety of the workforce operating in the industrial sector is expected to drive the demand for industrial air filtration systems in the years to come.
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Key insights from market research
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By product type, odor control units are expected to grow at a CAGR of 5.1% during the forecast period.
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By product type, bag filter segment is expected to dominate the GCC industrial air filtration market and is further expected to account for around 24.7% of market share.
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By country, Saudi Arabia is expected to lead the demand for industrial air filtration in the GCC market and is further expected to create an absolute dollar opportunity worth US dollars. 168.4 Mn between the forecast period.
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In terms of countries, industrial air filtration sales in the UAE are estimated to have a CAGR of 6.1%.
“Increase in industrial manufacturing and warehousing coupled with increasing development of industrial infrastructure will especially drive the growth of the market over the forecast period.” says an analyst from Future Market Insights.
GCC Industrial Air Filtration Market Competitive Landscape
The GCC market is moderately fragmented with the presence of large numbers. Among the local and global players, some of the key players present in the market are Esta Extraction Technology, Intensive Filter Himenviro, Wam Group, Tama Aernova, Absolent Air Care Group, Hanza Environment Technology Factory, CAMFIL GROUP, Donaldson Company, Inc, AGET Manufacturing , Filter Concept Pvt. Ltd and others
Summary:
The research report analyzes the trend of market demand for GCC Industrial Air Filtration. The GCC Market is based on the impact of COVID-19, macroeconomic factors, market trends and market background. According to Future Market Insights research scope, the GCC Industrial Air Filtration market report is studied and analyzed into the following segments such as by product type, application, and country. The GCC Industrial Air Filtration Market report gives us qualitative and quantitative insights about the businesses.
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Key segments covered by the GCC Industrial Air Filtration Market Analysis
GCC Industrial Air Filtration Market by Product Type:
GCC Industrial Air Filtration Market By Application:
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Cement
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Food
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Metals
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Power
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Medications
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Others
GCC Industrial Air Filtration Market by Country:
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Saudi Arabia
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United Arab Emirates
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Qatar
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Kuwait
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Oman
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Bahrain
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Contents
1. Summary
1.1. GCC Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Hardware roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Product Innovation / Development Trends
4. Key success factors
4.1. Product Adoption / Usage Analysis
4.2. Product USP / Features
4.3. Strategic promotional strategies
5. GCC Industrial Air Filtration Market Demand Analysis 2014-2021 and Forecast, 2022-2032
5.1. Historical Analysis of Market Volume (Units), 2014-2021
5.2. Current and future projections of market volume (units), 2022-2032
5.3. Analysis of annual growth trends
To continue the table of contents…
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Industrial Air Filtration Market Size: The industrial air filtration market size is expected to grow at a CAGR of 6.2% over the forecast period to exceed a valuation of US$45.2 billion by 2027, from 33 .5 billion US dollars in 2022.
Membrane Air Dryer Market Trends: The global membrane air dryer market is estimated to surpass a valuation of US$1,200 million by the end of 2032. Sales of membrane air dryers are expected to surpass US$730 million by the end of 2032. 2022, showing growth at a CAGR of 6.5% over the forecast period 2022-2032.
Analysis of the industrial filtration market: The global industrial filtration market is expected to reach US$56,834.1 million in 2032 while expanding at a CAGR of 5.7%. The market is expected to hold a value of US$32,789 million in 2022.
Asia-Pacific industrial pumps market share: The Asia-Pacific industrial pumps market share is expected to reach US$39.3 billion in 2032. Growing global industrialization has increased the demand for industrial pumps.
Compressed Air Filtration and Drying System Market Value: The compressed air filtration and drying systems market is expected to grow at a moderate CAGR of 6% during the forecast period. The compressed air filtration and drying systems market is expected to reach nearly US$9.8 billion by 2032, from US$5 billion in 2021.
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