San Francisco, 7 January 2019: The Report 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
Pleated Filters Market |
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.
Access Research Report of Pleated Filters Market @ www.grandviewresearch.com/industry-analysis/pleated-filters-market
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.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/advanced-materials
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
·
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
·
Europe
·
Asia Pacific
·
Middle East & Africa
·
Central & South America
Access Press Release of
Pleated Filters Market@ www.grandviewresearch.com/press-release/global-pleated-filters-market
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.