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Pleated Filters Market is anticipated to touch 326.0 million units till 2022

Author : Rahul Varpe | Published Date : 2019-09-25 

The Pleated Filters market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Pleated Filters market based on product, technology, end user and region.

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Accelerating demand of infrastructure especially in Middle East & Africa along with Asia Pacific is indicating towards booming future of HVAC systems. Construction spending of Asia Pacific countries namely India, China and Japan was anticipated as USD 427 billion, USD 1.78 trillion and USD 742 million respectively in the year 2013. Fuelling usage of HVAC systems along with switching from old air conditions is likely to expedite the pleated filters market share.

Pleated filters market size is anticipated to touch 326.0 million units till 2022 as predicted by Global Market Insights. It is rising at a compound annual growth rate (CAGR) of 6.5% between years 2015 to 2022. Strict regulations of environment because of degradation in the quality of air along with rising demand of energy saving are likely to boost the pleated filter market trend. Efforts for restricting the growth of air borne infection are also expected to fuel up the market.

Pleated Filters Market by Product Analysis:

  • Air Filters
  • Food & Beverages Filters
  • Oil Filters
  • Others

Important pointers encompassed pertaining to the product spectrum:

  • Substantial details about the product spectrum are provided in the report.
  • The study mentions about the valuation estimate of each of the product categories in detail, by the end of the forecast period.
  • The market share that each of the product segments account are mentioned in the study.
  • The trends that the product landscape is defined by are also contained in the report.

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Let’s take a look on some of the eye-catching figures, indicating the future of pleated filters:

  • Market of oil filters enjoyed greater than 10% of overall demand in the year 2014 and is anticipated to rise at an annual growth rate of 7% till 2022.
  • Commercial sectors which comprise of schools, buildings and offices have noticed 20% of overall demand in the year 2014 and are likely to grow over 6% till 2022.
  • Asia Pacific pleated filters market dominated in the year 2014 and hence reached up to USD 3 billion.
  • Industrial applications noticed maximum installation, thus earning significant revenue of USD 3.5 billion in the year 2014. This sector has been emerged as a thriving segment because of demand in infrastructure development of power and cement industries. Limitations in emission along with HEPA standards are expected to drive the need for industrial applications.

Other important pointers encompassed in the report:

  • The Pleated filters Market study presents a 360-degree synopsis of the industry in question, covering all the latest aspects possible.
  • The numerous pricing trends prevalent in the Pleated filters Market are presented in the report.
  • Pertaining to the competitive landscape, the report also includes a snippet about the financial data of the companies included.
  • A gist of the regulatory norms governing the Pleated filters Market across the developed and developing economies has been enumerated in the study.
  • For the sake of convenience, the Pleated filters Market report also explicates on the market definitions referred to in the document.

The global pleated filters market has got an upsurge because of national as well as international participants. This market is anticipated to attract more business in near future due to emerging industries and economies. Major companies comprise of 3M Company, General Motors Company, The Strainite Companies, Donaldson Company Inc., Midwesco Filter Resources Inc, Columbus Industries, Camfil AB and Atlas Copco.

Related News: https://www.marketwatch.com/press-release/oil-free-rotary-scroll-air-compressor-market-is-expected-to-register-a-cagr-of-3-by-2024-2019-09-25

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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