Press release
Global Air Filters Market is projected to cross USD 12.9 billion by 2023 - Techsci Research
Green Building initiatives in North America is motivating filter purchasers to install highly efficient air filters in commercial and institutional facilities for energy conservation, sustainable building design, and occupant health and productivity. Monitoring dust and microbial contamination has been a major concern for healthcare institutions. Increasing number of modern hospitals equipped with HEPA & ULPA filters across North America is driving the growth of air filters market across the region.According to TechSci Research report “Global Air Filters Market By Type (Medium Efficiency, HEPA, Low Efficiency, Gas Phase & Others), By End Use (Automotive, Commercial, Residential & Others), By Application, By Demand, By Region, Competition Forecast & Opportunities, 2013 – 2023” Medium efficiency filters are the most popular air filters across North America owing to their ability to filter majority of indoor air particulates that prevents from various long-term respiratory problems. They also are inexpensive and easily serviced.
The report also highlights that HEPA is emerging as a promising segment across North America air filters market in commercial and residential sectors and shows the fastest growth in revenues. Ability to remove 99.97% of air-borne dust particles, improved efficiency as compared to other air filters, along with growing incidence of air borne diseases and expanding economy are positively influencing demand for HEPA filters in North America.
Browse 138 market data Figures and Tables spread through 208 Pages and an in-depth TOC on "Global Air Filters Market"
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Owing to the higher demand for commercial vehicles across the region along with increasing utilisation of heavy trucks in construction activities causing a surge in demand of air filters in the automotive sector. Easy affordability of modernized residential spaces with better Indoor Air Quality by prosperous middle-class population in North America has provided great impetus to real estate development, which is increasing the demand for air filters in this sector.
Despite the fact that gas turbine plants have been one of the major application areas for air filters in North America, the gas turbine industry has been impacted by declining shale gas industry over last few years. Also, shift from conventional units towards centralized HVAC has increased penetration of HVAC systems in the region thereby maturing HVAC air filtration market across the region.
In order to ensure the efficiency of Air Handling Units (AHUs), periodic replacement of air filters is favoured in comparison to replacing the whole unit as installation of new equipment is an expensive and tedious task. Frequent clogging of air filters in industrial as well as residential sectors due to increasing dust contamination in the air is forcing the demand for air filters replacement.
Several leading air filter manufacturers are undergoing mergers & acquisitions in their quest to expand their presence across the globe. In May 2018, Camfil AB acquired the UK group of companies Bushbury Holdings to increase its product portfolio. In October 2017, Camfil AB also acquired Spanish company Servifiltro to increase its reach in the Spanish market. In March 2017, Ahlstrom Corporation merged with Munksjo Oyj. Further, in February 2017, Parker Hannifin acquired leading filtration company Clarcor Inc., as a part of their filtration group.
TechSci Analysts highlights that within semiconductor manufacturing, various processes such as frontend advanced production methods demand very clear supply. Further, airborne molecular contamination (AMC) is a major issue for all advanced microelectronic labs. Companies such as Camfil have HEPA and ULPA furnace filters that protect wafers and semiconductors, hard disk drives, printed circuit boards, flat panel displays and solar panel from pollutants, which is anticipated to steer the demand for air filters in the global microelectronics industry.
For more details @ https://www.techsciresearch.com/report/global-air-filters-market/3479.html
“Global Air Filters Market By Type (Medium Efficiency, HEPA, Low Efficiency, Gas Phase & Others), By End Use (Automotive, Commercial, Residential & Others), By Application, By Demand, By Region, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of air filters market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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