Growing Air Pollution Levels to Push India B2B Air Filter Systems Market to $ 250 Million Report
Increasing air pollution levels and rising demand for commercial space coupled with expanding pharmaceutical & healthcare sector and growing automotive sector to drive India B2B air filter systems market through 2023
According to TechSci Research report, “India B2B Air Filter Systems Market By Type, By Application, By End-Use, Competition, Forecast & Opportunities, 2013 – 2023’’, India B2B air filter systems market is forecast to cross $ 250 million by 2023, owing to strong growth in healthcare & pharmaceutical sector. Moreover, construction of IT parks and socio-economic zones (SEZs), deteriorating air quality in various major cities, and stringent industrial air quality regulations are fueling demand for the installation of high efficiency air filter systems, which in turn is aiding the air filter systems market in India. As a result of government’s “Make in India” initiative, foreign investments in construction sector are growing. In 2017, office space absorption in India crossed 42 million square feet. Growing demand for commercial space is anticipated to positively impact the country’s B2B air filter systems market during forecast period.
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Medium efficiency air filter systems segment accounts for major share in air filter systems market in India, owing to rising number of commercial complexes and construction of smart cities, which is increasing application of these filters in commercial HVAC systems. HVAC application dominated India B2B air filter systems market in 2017, owing to growing number of commercial buildings, IT parks, etc. Shift from conventional units towards centralized HVAC is boosting the penetration of HVAC systems in commercial space. Moreover, HVAC systems have extensive use in pharmaceutical and food & beverage industries, as a result, the segment is expected to maintain its market dominance in coming years.
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“Regionally, western region of India is expected to generate maximum demand for B2B air filter systems, owing to huge presence of oil & gas industry. Further, airborne molecular contamination (AMC) is a major issue for all advanced microelectronic labs. Companies such as Camfil have HEPA and ULPA furnace filters that protect wafers and semiconductors, hard disk drives, printed circuit boards, flat panel displays and solar panel from pollutants, which is anticipated to steer the demand for air filters systems in the microelectronics industry of India. Growth in pharmaceutical, healthcare, FMCG and other industries would thus automatically fuel the demand for B2B air filter systems in India during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India B2B Air Filter Systems Market By Type, By Application, By End-Use, Competition, Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of B2B air filter systems market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India B2B air filter systems market.
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