PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1368757
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1368757
Asia Pacific Air Filtration Market size is set to expand at over 8.6% CAGR from 2023-2032 attributed to the increasing focus on sustainability worldwide. With the rising consciousness towards environmental conservation, the demand for eco-friendly and energy-efficient air filtration systems is significantly surging across various industries.
Additionally, the growing emphasis on corporate social responsibility is leading to the higher preference for sustainable products. Moreover, industry participants are increasingly investing in R&D activities and constructing manufacturing facilities for designing unique products for the Asia Pacific market, further improving the industry outlook. To cite an instance, in May 2023, clean air filtration solution provider Camfil opened its new manufacturing site in China to fulfill the rising demand for air filtration solutions in the country and other APAC regions.
The Asia Pacific air filtration industry is categorized with regards to product, application, and region.
Based on product, the regional market value from the residential segment is projected to gain significant traction from 2023-2032. The rapid rate of urbanization coupled with increasing concerns over indoor air quality is surging the demand for efficient and advanced residential air filtration systems. Additionally, the growing emphasis on creating clean and healthy living environments along with the increasing disposable incomes in several emerging economies are likely to boost the segment growth.
In terms of application, the Asia Pacific air filtration industry from the pharmaceuticals segment generated substantial revenue in 2022 and is expected to record considerable growth through 2032. The critical need to prevent airborne contaminants and maintain optimal air quality in pharmaceutical production facilities is bolstering the adoption of advanced air filtration technologies. Moreover, the thriving pharmaceutical manufacturing sector coupled with the surging focus on product safety and quality is further propelling the integration of sophisticated air filtration systems.
Regionally, the Japan air filtration market is set to witness robust growth from 2023 to 2032 fueled by the rigorous standards for air quality in various sectors. Stringent regulations, especially in manufacturing and healthcare is driving the adoption of advanced air filtration systems. The proactive stance in combating air pollution combined with the growing awareness of the health risks associated with airborne contaminants is also providing lucrative growth opportunities to the industry players. To cite an instance, in March 2023, Mitsubishi Heavy Industries Thermal Systems, Ltd., a subsidiary of Mitsubishi Heavy Industries Group, announced the launch of 22 new residential-use air conditioners for the Japanese market in 2023.