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The global air filter equipment market has been forecast to hit a value of US$8.5 billion by 2018. Although currently feeling the heat of the meltdown in key end-use industries and financial hardships inflicted by the flagging world economy, the global air filter equipment market is nevertheless expected to recover poise, in the medium-term period.
Key factors set to drive growth within the air filter equipment market include the resurgence in growth fundamentals in key end-use sectors, recovery in consumer spending, re-focus on indoor air quality, reinvestments in capital equipment and development of environment-friendly, energy saving, high-efficiency air filters.
Air filters and filtration equipment are ubiquitous equipment used in diverse industries and fields, given the universal need to maintain particulate cleanliness to ensure efficient functioning of equipment/machinery and the growing pressure to improve urban and indoor air quality.
From residential, commercial to industrial sectors, these equipments are widely used to filter and remove atmospheric particulate matter.
The 2007-2009 economic recession has taken its toll on the air filter equipment market. Carbon emissions worldwide declined during the years 2008 & 2009, as a result of the recession induced decline in energy consumption and reduced industrial, manufacturing and commercial activity.
Demand for air filters used in refineries, petrochemical plants, paper and pulp manufacturing plants, steel mills and chemical plants, therefore remained tranquilised.
Financial hardships have lessened the focus on the environment both in the residential and industrial sectors. As current emphasis lies squarely on surviving the crisis, passion for indoor air quality and clean air technologies is cooling. HVAC air filters and automotive air filters have been especially impacted given the meltdown in commercial and residential construction activities, and the collapse of the automotive industry in the developed countries.
Geographical expansion is a major trend currently taking place in the air filter equipment market. Many of the filter suppliers and media companies have set up operations in China. Air filters used in residential and commercial buildings have a low price to volume ratio. Therefore, shipping costs are relatively high. This dictates location of manufacturing near the buyer.
One example of wide geographic supply is American Air Filter (AAF), a subsidiary of Daikin. With the acquisition of Nippon Muki in 2009, Daikin moved closer to its goal to "gain the No. 1 position in the global air filter business".
Donaldson Company has strategically positioned its manufacturing facilities around the world. It is now constructing a second manufacturing facility in Aguascalientes, Mexico. This new 140,000 square foot facility will manufacture air filters for the company's growing markets in the Americas.
Donaldson's existing plant in Aguascalientes, which currently manufactures both air and liquid filters, will specialise in liquid filters upon the completion of this new air filter plant.
For more information on the global air filter equipment market, see the latest research: Global Air Filter Equipment Market
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