San
Francisco, 25 September 2018 - 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.
Full
Research Report On Global Pleated Filters Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/pleated-filters-market
www.grandviewresearch.com/industry-analysis/pleated-filters-market
Further
key findings from the report 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:
www.grandviewresearch.com/industry/hvac-and-construction-technologies
www.grandviewresearch.com/industry/hvac-and-construction-technologies
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
- Medium
Efficiency Filters
- HEPA
- 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
- U.S.
- Europe
- Germany
- UK
- Italy
- Asia
Pacific
- China
- Japan
- Middle
East & Africa
- Central
& South America
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-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.
For More
Information: www.grandviewresearch.com
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