San Francisco, 08 January, Pleated
Filters Market Analysis By Product (Air Filter, Medium Efficiency Filter, HEPA,
Food & Beverage Filter, Oil Filter), By Application (Industrial,
Commercial, Utilities, Residential) And Segment Forecasts To 2020.
Global pleated filters market is
expected to reach USD 12.83 billion by 2020, according to a new study by Grand
View Research, Inc. Stringent environmental regulations regarding deteriorating
air quality coupled with increasing need for energy conservation are expected
to remain a key driving factor for the global market. Growing prevalence of air
borne disease is also expected to have a positive influence on the market
growth. Increasing competitiveness in oil & gas industry will further
increase demand for quality products, driving demand for pleated technology in
oil filter market. Easy availability of substitute products is expected to
remain a key challenge for market participants.
Air filters emerged as the
leading product segment and accounted for 54.4% of total market volume in 2013.
Increasing demand for improved air quality coupled with increasing prevalence
air borne diseases across the globe is expected to remain a key driving factor
for this segment. Oil filters is expected to be the fastest growing product
segment at an estimated CAGR of 7.4% from 2014 to 2020. Growing demand for
petroleum products is expected to remain a key driving factor for this segment.
In additon, increasing competitiveness for better and environmental friendly
products is also expected to have a positive influence on the market growth.
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Further key findings from the study suggest:
·
Global pleated filters market
demand was 185.8 million units in 2013 and is expected to reach 286.3 million
units by 2020, growing at a CAGR of 6.4% from 2014 to 2020.
·
Industrial applications
dominated the global pleated filters market and accounted for 41.8% of total
market volume in 2013. Rapid industrialization in emerging BRICS market is
expected to fuel this segment over the forecast period. Industrial applications
are also expected to be the fastest growing segment at an estimated CAGR of
6.8% from 2014 to 2020.
·
Asia Pacific emerged as the
leading regional market and accounted for 42.7% of total market volume in 2013.
Rapid industrialization in countries such as China, India and Indonesia is
expected to remain a key driving factor for this region over the forecast
period. Asia Pacific is also expected to be the fastest growing regional market
at an estimated CAGR of 8.5% from 2014 to 2020. Developed markets of Europe are
characterized by stringent emission standards by REACH to lower harmful
emissions in the region and its effects on human health.
·
Global pleated filter market is
highly fragmented on account of presence of large number of companies across
the globe some of them include Donaldson Company Incorporated, General Motors
Company, Midwesco Filter Resources Inc., Koch Filter Corporation, Freudenberg
& Company KG and Clarcor Incorporated.
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Grand View Research has segmented the
pleated filters market on the basis of product, application and region:
Global Pleated Filters Product
Outlook (Volume, Million Units; Revenue, USD Million, 2012 - 2020)
·
Air Filters
o
Medium Efficiency Filters
o
HEPA
·
Food & Beverages Filters
·
Oil Filters
·
Others
Global Pleated Filters
Application Outlook (Volume, Million Units; Revenue, USD Million, 2012 - 2020)
·
Industrial
·
Commercial
·
Utilities
·
Residential
·
Others
Global Pleated Filters Regional
Outlook (Volume, Million Units; Revenue, USD Million, 2012 - 2020)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
Italy
·
Asia Pacific
o
China
o
Japan
·
Middle East & Africa
·
Central & South America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/