GCC Industrial Air Filtration Market Had Reached US$ 429.7 Mn in 2022 and is Estimated to Grow at a CAGR of 5.7% to Reach a Valuation of US$ 751.4 Mn by 2032 end | Future Market Insights, Inc.
Future Market Insights, Inc.
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NEWARK, DE / ACCESSWIRE / November 1, 2022 / Over 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 witnesses very high intensity of competition across the globe and in GCC as well.
The manufacturing companies operating in the global market are focusing on expanding their network in Gulf countries to benefit from the growing market place. These activities by the leading players will enhance the competition in GCC market and leverage the end users to opt for better product with economical price.
The ongoing growth of industrial sector in the Gulf region has boosted the demand for associate products, The United Arab Emirates recently announced plans to more than double the manufacturing sector's current contribution to the local economy by raising industrial revenues to $81 billion over the next ten years.
The Made in Saudi programme was established by Saudi Arabia with the goal of assisting businesses in expanding locally and increasing exports to key markets. The rising industrialization and rising awareness towards the reducing air pollution & safety of work force operating in industrial sector is expected to drive the demand of Industrial Air filtration systems in coming years.
By Product Type, Odour Control Units is expected to grow at a CAGR of 5.1% during the forecast period.
By Product Type, the Baghouse Filters segment is anticipated to dominate the market of GCC Industrial Air Filtration and is further expected to account for about 24.7% of the market share.
By Country, the Saudi Arabia is projected to lead the demand of Industrial Air Filtration in GCC market and is further anticipated to create an absolute dollar opportunity worth US$ 168.4 Mn in between the forecast period.
In terms of country, industrial air filtration sales in UAE are estimated to exhibit a CAGR of 6.1%.
"Increasing industrial manufacturing and warehousing coupled with growing industrial infrastructural development, particularly will yield the market growth in the forecast period." says a Future Market Insights analyst.
GCC Industrial Air Filtration Market Competitive Landscape
The GCC Market is moderately fragmented with presence of large no. of local & global players, some of Key playes 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 analyses the market demand trend for the GCC Industrial Air Filtration. The GCC market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights' research scope, the GCC Industrial Air Filtration Market report is studied and analyzed in the following segments such as by product type, application, & country. The GCC Industrial Air Filtration Market report gives us qualitative and quantitative information about the companies.
Explore FMI's Extensive Ongoing Coverage on Industrial Automation Domain
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