U.S. INDUSTRIAL AIR FILTER MARKET TO NEAR $1.5 BILLION BY 2000.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Stimulated by tightening air quality regulation, U.S. sales of industrial air filters will grow from $1.06 billion in 1993 to $1.49 billion in the year 2000 at a 5 percent compound annual rate, projects a new study just released by Frost & Sullivan. In 1993, 40 percent of market revenues went to ASHRAE-rated filters, 18 percent to dust collectors, 14 percent carbon filters, 10 percent HEPA HEPA abbr. 1. high-efficiency particulate air 2. high-efficiency particulate arresting filters and 8 percent electrostatic precipitators Noun 1. electrostatic precipitator - removes dust particles from gases by electrostatic precipitation Cottrell precipitator, precipitator electrical device - a device that produces or is powered by electricity and electronic air cleaners, says the report, U.S. INDUSTRIAL AIR FILTRATION EQUIPMENT MARKET: ACQUISITIONS RESHAPE re·shape tr.v. re·shaped, re·shap·ing, re·shapes To shape, form, or organize again or anew: "media consultants whose TV ads reshape candidates' images to suit ephemeral public tastes" COMPETITIVE ENVIRONMENT. The industrial air filtration market is largely driven by promulgation PROMULGATION. The order given to cause a law to be executed, and to make it public it differs from publication. (q.v.) 1 Bl. Com. 45; Stat. 6 H. VI., c. 4. 2. of broader and stricter environmental rules including those implementing the 1990 Clean Air Act (CAA Caa See CCC. ) amendments, Occupational Safety and Health Administration Occupational Safety and Health Administration (OSHA), U.S. agency established (1970) in the Dept. of Labor (see Labor, United States Department of) to develop and enforce regulations for the safety and health of workers in businesses that are engaged in interstate (OSHA OSHA n. Occupational Safety and Health Administration, a branch of the US Department of Labor responsible for establishing and enforcing safety and health standards in the workplace. ) regulations, and the Toxic Release Inventory. Tightening regulatory webs ensure continued industry growth through the 1990s. As global competition forces industries to reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. production for greater efficiency at a time when environmental awareness has risen and regulation proliferated, newly implemented processes increasingly incorporate instrumentation to enhance environmental safety. The industry is very dependent on construction of new plants and other facilities that stimulate demand for new air filtration equipment. Cut-rate competitors like Environmental Filter Corporation are selling air filters for half the industry standard, causing concern among larger, more established suppliers. While the U.S. has led the world with the most stringent air monitoring requirements, as the U.S. market begins to mature, the rest of the world will offer expanding opportunities for air filtration equipment. In the U.S., indoor air quality Indoor Air Quality (IAQ) deals with the content of interior air that could affect health and comfort of building occupants. The IAQ may be compromised by microbial contaminants (mold, bacteria), chemicals (such as carbon monoxide, radon), allergens, or any mass or energy stressor will be increasingly recognized as a pressing issue. Many companies in the industry have been taken over by large corporations, some of them rooted in the environmental world. Some smaller filtration companies have been bought by larger ones, such as Servodyne by Purolator. Cartridge collectors will be the fastest growing industry segment. While there will continue to be a shift from bag filters to cartridge collectors within the dust collection market, bag filters - - particularly the pulse-jet variety -- will survive. There is a shift to synthetic media from fiberglass in ASHRAE ASHRAE American Society of Heating, Refrigerating & Air Conditioning Engineers filters. Key competitive issues in the years ahead will continue to be performability, technological know-how, customer service and support and product line breadth. Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high-technology research reports. Report: 5123-15 Publication Date: 1994 Price: $1995 Total Industrial Air Filtration Market: Revenue Forecasts (U.S.), 1990-20003-1 Total Industrial Air Filtration Market: Revenue Forecasts (U.S.), 1990-2000gures Revenue RevenuesGrowth Rate Year ($ Billion) (%) 1990 0.96 --- 1991 0.99 3.3 1992 1.02 3.5 1993 1.06 3.6 1994 1.10 3.8 1995 1.15 4.4 1996 1.20 4.7 1997 1.26 5.0 1998 1.33 5.4 1999 1.41 5.6 2000 1.49 5.7 Compound Annual Growth Rate (1993-2000): 4.9% Note: All figures are rounded. Source: Frost & Sullivan CONTACT: For further information please contact: Amy Arnell Kristina Menzefricke Nadge Keryhuel Mountain View London Paris (415) 961-9000 44 71 730 3438 33 1 4742 9127 (415) 961-5042(fax) 44 71 730 3343 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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