New York, United States, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The Global Pleated Filters Market Size is to Grow from USD 10.05 Billion in 2022 to USD 16.74 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.23% during the projected period.
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Pleated filters provide the airflow that the HVAC systems of internal combustion engines need to get free of small particles. These filters are composed of folded sheets of polyester, paper, or cotton to increase their surface area. This enables the filter to collect more airborne particles, such as dirt, dust, and hair from people or pets, that could damage the blower fan of the furnace and clog the AC coils. There are various types of air filters that are available, such as standard, food and beverage, and oil filters. Regional food safety regulations as well as environmental laws, such as the EPA's restrictions on poor air quality, also support the market's growth. Pleated filters are anticipated to see growth on a global scale as a result of favourable socio-economic and demographic factors, such as population growth, urbanization, and rising living standards, as well as noteworthy developments in the commercial domain. Filters with Pleated Edges It is anticipated that factors like the replacement of antiquated air conditioning systems and a rise in HVAC system installations will propel market growth. The product's demand is anticipated to increase due to the rising demand for waste-water treatment from the residential and industrial segments globally. However, A few barriers and difficulties will hinder the market's overall expansion. The market's growth is hampered by a lack of skilled labor and established standards and procedures. The market for pleated filters could face challenges from fluctuating raw material prices and increasing operating costs if it is to grow at all.
COVID 19 Impact
Since there were strict hygiene regulations and heightened awareness of indoor air quality, the COVID-19 pandemic had a major effect on the pleated filter market. Furthermore, shortages and price swings were caused by interruptions in manufacturing and supply chains. The post-pandemic era's growing consciousness of indoor air pollution and respiratory health also had an impact on the market expansion.
Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the "Global Pleated Filters Market Size, Share, and COVID-19 Impact Analysis, Product (Air Filters, Food and Beverage Filters, Oil Filters, & Others), By Application (Industrial, Oil and Gas, Power Generation), By End Users (Commercial, residential), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."
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The air filter segment is expected to grow fastest in the global pleated filters market during the forecast period.
Based on the product, the pleated filter market is divided into air filters, food and beverage filters, oil filters, & others. Among these, the air filter segment is expected to grow fastest in the global pleated filter market during the forecast period. Polyester filters are among the most reasonably priced and long-lasting types of air filters, and their use is expected to rise steadily over the projection period.
The industrial segment is witnessing significant CAGR growth over the forecast period.
Based on the application, the global pleated filters market is divided in industrial, oil and gas, power generation. Among these, the industrial segment is witnessing significant growth over the forecast period. The need to keep dirt and pollutants out of hydraulic and pneumatic operations, as well as the growing use of liquid and air filtration in the electronics industry, are industrial segment factors driving demand for this market segment.
The commercial segment is expected to hold the largest share of the global pleated filters market during the forecast period.
Based on the end user, the global pleated filters market is divided into commercial, residential. Among these, the commercial segment is expected to hold the largest share of the pleated filters market during the forecast period. Pleated filters are widely used in commercial air filter systems to improve indoor air quality and supply safe breathing air.
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North America dominates the market with the largest market share over the forecast period.
North America is projected to hold the largest share of the global Pleated Filters market over the predicted years. Since to the strong demand for pleated filters from the commercial, industrial, residential sector. The US is home to the largest pleated filter market in the region, in addition to the widespread use of HVAC systems and air purifiers. Pleated filters are becoming more and more necessary in the area due to worries about indoor air quality, particularly in crowded urban areas.
Asia-Pacific is expected to grow fastest in the global pleated filters market during the forecast period. The demand for pleated filters is increasing in this region as pollution levels rise, causing dust allergies and a variety of other respiratory problems as dangerous pollutants are released into the atmosphere.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global pleated filters market are Freudenberg and Company, Atlas Copco, Camfil AB, Donaldson Company, Inc., Delta Filtration, General Motors Company, Midwesco Filter Resources Inc, Parker-Hannifin Corporation, 3M Company, Koch Filter Corporation, The Strainite Companies, Clarcor Air Filtration and others.
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Recent Developments
- In January 2023, The new industrial group of K&N Engineering, Inc. is committed to offering data centers and other industrial businesses that depend on mission-critical infrastructure high-performance, eco-friendly air filtration technologies.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global Pleated Filters market based on the below-mentioned segments:
Pleated Filters Market, product Analysis
- Air Filters
- Food and Beverage Filters,
- Oil Filters
- Others
Pleated Filters, Application Analysis
- Industrial
- Oil and Gas
- Power Generation
Pleated Filters Market, End User Analysis
- Commercial
- residential
Pleated Filters Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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