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In 2023, dominant market players, including Donaldson Filtration Sol, MANN+HUMMEL, Pall Corporation, Nederman and Lydall, Inc. The top companies collectively hold a substantial10-15% market share. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. By integrating new technologies into their air pollution control equipment, these companies consistently invest in research and development, ensuring they maintain a competitive edge.
Major players operating in the air pollution control equipment industry include:
The air pollution control equipment industry was valued at USD 82.6 billion in 2023 and is anticipated to register a CAGR of over 5.2% between 2024 and 2032 due to worsening air pollution with rise in vehicles on road, along with technological advancements.
In 2023, the filters & HEPA filters segment of air pollution control equipment industry is projected to reach USD 38.3 billion by 2032, because they efficiently capture airborne particles like fine dust, pollen, and smoke, necessary for meeting strict air quality regulations.
Asia Pacific air pollution control equipment market was worth USD 29.2 billion in 2023 and is expected to reach USD 47.4 billion by 2032, due to expanding industries, leading to more emissions from food and beverages, chemical processing, and pharmaceuticals.
Evoqua Water Technologies, FLSmidth, GEA Group, Lydall, MANN+HUMMEL, Mitsubishi Power, Nederman, Pall, and Siemens among others.