MARKET OVERVIEW - GLOBAL NUCLEAR AIR FILTRATION MARKET
Nuclear filtration systems are used for containment control during decommissioning or maintenance operations at nuclear facilities. Air purification and containment systems are essential to minimizing public exposure to radioactive material and ensuring public safety. A nuclear air filter is a device used to clean the air in environments where radioactive particles may be present. It also helps remove uranium dust and airborne radioactive contaminants such as aerosols, dust, smoke, fog and fumes from nuclear facilities. During fiber filtration small micor-radiactive particles are removed using a fine fiber filter. The components of nuclear air filters, such as high efficiency particulate absorbing filters, carbon filters, and high efficiency pre-filters are used in nuclear power plants to prevent the leakage of harmful aerosols, dust and fumes to the environment.
MARKET DRIVER
There is a need for new generating capacity around the world, both to replace old fossil fuel units, mainly coal-fired ones, which emit a lot of carbon dioxide, and to meet the increased demand for electricity in many countries. The uses of nuclear technology extend well beyond the provision of low-carbon energy. It helps control the spread of disease. Thus, an increasing demand for nuclear power due to the growing population and rising energy needs is likely to drive market growth. For instance, in 2020 thirteen countries will produce at least one-quarter of their electricity from nuclear. France gets around 70% of its electricity from nuclear energy. The growing government initiative for nuclear power plant infrastructure development is expected to drive the market. For instance, the Indian government is committed to growing its nuclear power capacity as part of its massive infrastructure development Programme. At the end of July 2022, eight reactors were under construction in India, with a combined capacity of 6.7 GWe. Moreover, increased demand for safety and the past nuclear accidents at the nuclear power plant have increased demand for nuclear air filtration.
MARKET OPPORTUNITY
The government's stringent norms for reducing the harmful radioactive air pollution in various countries are expected to provide an ample opportunity for the nuclear air filter market. In the year 2020, Porvair launch a new Radial flow HEPA filter for nuclear ventilation applications. Therefore, increasing adoption of new generation technology and advanced nuclear air filtration products is likely to boost market growth.
MARKET RESTRAINT
However, the high cost of hiring and maintaining air purifiers is expected to limit the nuclear air filtration system adoption.
MARKET GROWTH CHALLENGES
Governments of various countries have introduced lockdown measures to contain the spread of COVID-19. The COVID-19 pandemic hampered the growth of the market to a major extent, which has created a major challenge for market growth. The high cost of adoption and maintenance of nuclear air filtration is expected to limit the market growth.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of the nuclear air filtration market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. Technological advances development and the growing investments in research and development activities by key players across the region is fueling the growth of the market and is expected to witness growth at a specific CAGR from 2023-2029.
GLOBAL NUCLEAR AIR FILTRATION MARKET SEGMENTAL OVERVIEW
The nuclear air filtration market comprises of different market segment like type, application, and geography.
GLOBAL NUCLEAR AIR FILTRATION MARKET BY TYPE
By type, the nuclear air filtration includes key segment of
The portable nuclear air filter is expected to dominate the market over the forecast period due to its use in various facilities across the world. Portable air filtration systems are used to measure gas flow in industrial processes. It is also used for concentration measurement of gases and liquids. Portable systems are mainly divided into two types according to their size: small portable systems and large portable systems.
The stationary nuclear air filter segment is expected to register the fastest CAGR during the forecast period. stationary air is the cleanest air that can be extracted from a vacuum pump. It has no impurities and is used for nuclear air filtration. It has become one of the most widely used methods for radioisotope separation and calibration applications in many industries, including medical, R&D, and environmental testing laboratories.
GLOBAL NUCLEAR AIR FILTRATION MARKET BY APPLICTION
By application, the nuclear air filtration includes key segment of
- Fuel Processing Installation
- Power Generation Units
- Nuclear Energy Research Facilities
The power generation units segment is expected to dominate the market over the forecast period. Air filtration has a critical role in many power generation applications such as nuclear power. Air filters are critical for the safety and efficiency of the process. Air filtration is the technology used most widely to remove particles from an air stream due to its relative ease and flexibility. Nuclear power plants rely on efficient filtration of air, water, and processing fluids to operate reliably. Increased awareness of the dangers and effects of global warming and climate change has led manufacturers to use nuclear air filters. Air filters are critical for the safety and efficiency of the process. On the other hand, the fuel processing installation segment is expected to register the fastest CAGR during the forecast period.
GLOBAL NUCLEAR AIR FILTRATION MARKET BY GEOGRAPHY
By geography, the nuclear air filtration includes key segment of
- North America
- Asia Pacific
- Europe
- RoW
The North America region is expected to dominate the nuclear air filtration market over the projected time period due to the strict government regulations on air quality and emission control. The United States Environmental Protection Agency sets limits on certain air pollutants. It also enforces federal law to limit the impact of businesses on the environment. The largest North American region for nuclear air filtration is the United States, with over 100 operating nuclear reactors. Further, the presence of numerous nuclear power plants in the region will drive market growth.
The Asia Pacific region is expected to register the fastest CAGR during the forecast period. A growing population and increasing demand for nuclear power is expected to drive the market growth. Several countries in the Asia-Pacific are planning and building new nuclear power plants to meet their increasing demand for clean electricity. The Indian government has also pledged to expand its nuclear capacity as part of a massive infrastructure development programme. China uses the most advanced technology and the most stringent standards in developing nuclear power plants, and strictly controls the entire life cycle of nuclear power plants, from design, construction and operation to decommissioning. As of October 2022, China will have 54 operating nuclear power plants with a total capacity of 52.15 GWe. Thus, the growing nuclear power plant infrastructure is expected to drive the nuclear air filtration market.
COVID-19 IMPACT ANALYSIS ON GLOBAL NUCLEAR AIR FILTRATION MARKET
Coronavirus disease 2019 (Covid-19) is an infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The pandemic has caused governments around the world to take drastic measures, especially in 2020 and 2021, affecting almost every aspect of life. The outbreak of the COVID-19 pandemic is expected to have a noticeable impact on market growth. Lockdowns imposed to stem the spread of the disease have disrupted supply chains and manufacturing operations around the world. Massive lockdowns and travel restrictions imposed to combat the pandemic are altering human behavior, disrupting industrial activity, and creating challenges and uncertainties for the global economy and human societies. Due to lockdowns, 81% of the global workforce remained at home by early April 2020, and global manufacturing output fell by 20% in April 2020. Due to this, major problem in the supply chain, the sales of nuclear air filtration are expected to be lower than in previous years, causing a decline in the market value. Still, demand for nuclear air filters is expected to gain momentum following the easing of lockdown restrictions.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the nuclear air filtration market is primarily focused on expanding the global growth of the market through new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in the market has led to growing demand for the market. Besides, the market offers a range of products to fulfil the required demand of consumers, which is further contributing to healthy growth in the market.
The key players studied in market are
- AAF International
- Porvair Filtration Group
- Camfil AB
- Saifilter
- Aerospace america inc
- Lydall
- Axenic Systems
- Flanders/CSC
- Atico
- Clarcor
