Dublin, Feb. 19, 2020 (GLOBE NEWSWIRE) -- The "Air Filters and Filtration Equipment - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
Air Filters and Filtration Equipment market worldwide is projected to grow by US$2.2 Billion, driven by a compounded growth of 3.2%.
Mechanical Filters, one of the segments analyzed and sized in this study, displays the potential to grow at over 3.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$8.8 Billion by the year 2025, Mechanical Filters will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 2.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$81.5 Million to the region's size and clout in the next 5 to 6 years. Over US$65 Million worth of projected demand in the region will come from Rest of Europe markets.
In Japan, Mechanical Filters will reach a market size of US$533.1 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 4.9% over the next couple of years and add approximately US$591.7 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.
All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
- 3M Company
- A.L.Filter
- AAF Flanders
- Aerospace America Inc.
- Ahlstrom-Munksj
- Airex Filter Corporation
- AIRTECH Japan Ltd.
- Atlas Copco
- Blueair AB
- Bruce Air Filter Company
- Camfil Group
- Clarcor Air Filtration Products Inc.
- Clarcor Industrial Air
- Cummins Filtration
- Cummins Inc.
- Delta Filtration
- Donaldson Co. Inc.
- Dust Free Inc.
- Filtration Group Inc.
- Filtration Systems Products Inc.
- Freudenberg Filtration Technologies
- Freudenberg Group
- GVS Group
- Koch Filter Corporation
- Lydall Inc.
- Mann+Hummel Group
- Nordic Air Filtration A/S
- Purafil Inc.
- Sogefi S.p.A.
- Spectrum Filtration Pvt. Ltd.
- Trion Inc.
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Air Filters: Meeting Evolving Needs of Homes and Industries for a Hygienic and Cleaner World
- Recent Market Activity
- Alarming Rise in Air Pollution Levels Worldwide and the Urgent Need to Improve Air Quality: Foundation for Market Growth
- Major Indoor Pollutants and their Impact on Health: Brief Details of Pollutant, Source, and Impact on Health
- Key Air Pollution Statistics Worldwide: Important Opportunity Indicators
- Global Market Outlook
- Stable Global GDP Per Capita: Ushering an Era of Consumer Confidence & Spending
- Despite Being Dominant Markets, Developed Countries Exhibit Modest Growth Prospects
- Developing Countries Continue to Offer Steady Growth Opportunities
- Global Competitor Market Shares
- Air Filters and Filtration Equipment Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Mechanical Air Filters: The Largest Product Category
- Surging Demand for HEPA Air Filters Worldwide: A Strong Growth Driver
- Superior Functionality Drive Widespread Adoption
- Demand for HEPA Filters Gain Momentum in Nuclear Power Plants
- HEPA Filters: The Preferred Medium for Indoor Air Filtration for Cardiovascular Patients
- Gas-phase Air Filters Assume Importance in Gases & Odor Filtration
- Electronic Air Filters for High-End Residential & Commercial Facilities
- Industrial Sector: The Largest Revenue Contributor
- Air Filtration Assumes Critical Importance in Commercial Facilities
- Residential Buildings: The New Growth Market for Air Filtration
- nfrastructure Development and Increasing Sales of Air Conditioners Drive Demand for HVAC Air Filters
- Rising Incidence of Asthma and Air Borne Allergies Provide the Perfect Platform for Market Expansion
- Key WHO Facts on Asthma
- Global Asthma Facts by American Academy of Allergy Asthma & Immunology (AAAAI)
- Growing Prominence of Cleaner Air in Achieving Higher Vehicle Performance Drives Demand for Automotive Air Filters
- Stable Automobile Production Fuels Growth Opportunities in the OEM Market
- Aging Vehicles & Increasing Passenger Car Density Signals Opportunities in the Aftermarket
- Cabin Air Filters Offer Lucrative Growth Opportunities for Automotive Air Filters
- Nanofiber Technology Revolutionizes Filters and Components Development
- Nylon Nanofiber-based Fabric for Filters
- Encouraging Gains in Global PMI Signals an Optimistic Outlook for Air Filtration Equipment
- Rising Need to Prevent Uncontrolled Airborne Contamination in Food Production Boosts Market Demand
- Robust Power Generation Activity Benefits Demand for Gas Turbine Inlet Air Filters
- Coalescer/Pre-filters and EPA filters: Major Components in Designing Intake Filters for Gas Turbines
- Fabric Filters Market Driven by Stringent Particulate Matter (PM) Emission Norms
- Fabric Filter Media to Gain Upper Hand over Paper Filters
- Paper Filters Market Grows Amid Rising Competition from Non-Woven Fabric Media
- Expanding Applications in Cleanrooms that Require Acute Control of Air Quality Benefit Market Prospects
- Steady Growth in Electrical & Electronics Manufacturing Lends Traction to Market Demand
- Increasing Demand for Washable and Re-usable Air Filters Bodes Well for the Market
- Development of New Filter Media Continue to Spur Demand for Cartridge Air Filters
- Electrostatic Air Filters: Multiple Benefits Drive Healthy Growth in Demand
- Asia-Pacific: Fastest Growing Air Filtration Market Worldwide
- Asia-Pacific: The Largest Auto Production Hub Dominate Demand for Automotive Air Filters
- Manufacturers in Developed Countries Move to Developing Asian Markets
- Government Initiatives on Curtailing Air Pollution Propels Demand in China
- Favorable Demographic and Economic Trends Strengthen Market Prospects
- Aging Population: A Weighty Demographic Driver
- Rising Disposable Incomes Propel Sales of Air Purifiers, Drives Market for Air Filters
- Growing Middle Class Population to Drive Demand
- EXALIFE and VarioPleat for Commercial Vehicles with Space Constraints
- The HVAC Load Reduction (HLR) Solution
- UD+ Coalescing Compressed Air Filters
- HemiPleat FR Carbon Dust Collector with Conductive and Flame Retardant Features
- Capaceon and Nanoweb for Finer Separation with Reduced Energy Consumption
- OptiAir and Fleetguard Direct Flow Technologies
- Dual Filtration System for Filtering Formaldehyde
- Novel Auto Air Filter to Eliminate 99% Pollen, Odor, and Gaseous Pollutions
- Recent Noteworthy Advancements in Filter Media
- NanoWave: A Synthetic Media Alternative to Glass
- Membrane-based Air Filtration Media: A Promising Development
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
(Total Companies Profiled: 186)
For more information about this report visit https://www.researchandmarkets.com/r/2z8bph
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