The global turbine air filtration market is expected to witness considerable growth during the forecast period. The major factors driving the market are the increasing usage of natural gas and the reduction in life cycle costs.
Increasing Usage of Natural Gas
Natural gas-fired power plants have greater operational flexibility than coal plants, as they can be fired up and turned down at any moment. Therefore, many natural gas plants are used primarily to provide peaking capacity at times. For instance, when electricity demand is high, in seasons like summer, air conditioning is widely used. Gas remains a choice for the majority of new power plant projects and the trend is expected to continue over the forecast period. Moreover, some of the major events occurred that have also contributed to an increased demand for gas turbines for power generation. The Fukushima nuclear reactor incident has resulted in a worldwide decrease in new nuclear power plant construction, thereby increasing the construction of combined cycles. Germany relied on nuclear power for 23% of its electricity, but has recently shut down its plants and announced plans to phase out all civil nuclear power plants by 2020. Furthermore, some of the factors driving the demand for gas turbine are - multiple fuel capabilities (renewable and synthesis fuels, short construction lead time, and modular construction), low power generation operational cost, low installed cost, reduced emissions, and very high efficiency. Hence, the booming gas turbine industry is expected to boost the demand for the air filtration systems during the forecast period.
Power Generation Dominates the Market
Gas turbine power generation has evolved to be one of the most viable and environmental-friendly methods of power production. Air intake filters are primarily used to protect crucial and high-end equipment from deterioration caused from exposure to air pollutants. The increasing concerns regarding environmental pollution and government actions to curb the same are driving the demand for air quality wet scrubbers to a significant extent.
Asia-Pacific is the Dominating Region
Asia-Pacific is expected to register the highest growth rate for the turbine air filtration systems market. The factors driving the market are - rapid industrialization and urbanization, rising demand for power from a large population, and low labor wages, resulting in a growing manufacturing sector. Additionally, the rapidly increasing construction activities in the region have contributed to a considerable increase in pollution levels. To act on these, the governments of China, India, and other developing economies have been preferring low-polluting gas-based stations. These moves are expected to boost the demand for the regional turbine air filtration systems market.
Key Developments in the Market
- January 2018: Capstone Announces announced the launch of a new cleanable severe environment air filtration system for its innovative line of micro-turbine products in Oman.
Major Players: American Air Filter Corporation, Camfil, DencoHappel, Donaldson Company Inc., and Nordic Air Filtration, among others.
Reason to Purchase this Report
- Current and future turbine air filtration market outlook in the developed and emerging markets.
- Analyzing various perspectives of the market, with the help of Porter’s five forces analysis.
- The segment that is expected to dominate the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
- This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
1. Executive Summary
2. Research Methodology
3. Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Recent Trends and Developments
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness – Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Type
7.1.2 High-efficiency Filter
7.1.3 Moisture Coalescer
7.1.4 Control Box Component
7.1.5 Cartidge Filter
7.1.6 Weather Protection/ Trash Screen
7.1.7 Anti Icing Protector
7.1.8 Interiol Separator
7.2 By Filtration Type
7.2.1 Pulse Filter
7.2.2 Compact Filter
7.2.3 Bag Filter
7.2.4 Panel Filter
7.2.5 Static Filter
7.3 By Face Velocity
7.3.1 Low Velocity
7.3.2 High Velocity
7.4 By End-user Industry
7.4.1 Power Generation
7.4.2 Oil & Gas
7.4.3 Mining & Construction
8. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
8.1.4 South Korea
8.1.6 Rest of Asia-Pacific
8.2 North America
8.2.1 United States
8.2.3 Rest of North America
8.3.2 United Kingdom
8.3.7 Rest of Europe
8.4 South America
8.4.3 Rest of South America
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.5 Rest of Middle East & Africa
9. Company Profiles* (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.1 American Air Filter Corporation
9.2 Braden Manufacturing LLC
9.5 Clarcor Inc.
9.7 Donaldson Company Inc.
9.8 Koch Filter Corporation
9.9 Mueller Environmental Designs
9.10 Nordic Air Filtration
9.11 Pneumafil Corporation
9.12 Shinwa Corporation
9.13 W. L. Gore & Associates Inc.
*List not exhaustive
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Strategies Adopted by Leading Players
**Subject to availability on the public domain