HEPA Filters Market Demand and Growth Opportunities Detailed Analysis Report2027
Posted on Sep 6 2022 6:03 AM
"High-efficiency Particulate Air (HEPA) Filters Market Size, Share & Industry Analysis, By Application (Air Purifiers, HVAC Filters, Cleanroom Filters, Automotive Filters and Gas Turbine Filters), By End-User (Household, Commercial & Industrial) and Regional Forecast, 2019-2026 "
According to the latest report, titled “HEPA Filters Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast’ the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The global high-efficiency particulate air (HEPA) filters market stood at USD 2,484.4 million in 2018 is projected to reach USD 4,391.5 million by 2026, exhibiting a CAGR of 7.4% during the forecast period
This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global HEPA Filters Market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the HEPA Filters Market.
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A few top players in the industry are-
- American Air Filter Company, Inc.
- W. L. Gore & Associates, Inc. Oracle
- APC Filtration
- Parker-Hannifin Corporation
- Donaldson Company
- MayAir Group
- Mann+Hummel Group
- Koch Filter
The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global HEPA Filters Market and the market concentration is described in the report.
On the basis of Geography, the Global HEPA Filters Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global HEPA Filters Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.
The growing number of HEPA Filters Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.
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The penetration of HEPA filters in the semiconductor and microelectronics industry will escalate the market growth
Semiconductor and microelectronics industry manufactures electronic hardware such as hard drives, integrated circuits (ICs), capacitors, resistors, etc. that pollute the atmospheric air within the working environment. HEPA filters are fitted in the cleanrooms to control the concentration of airborne dust and gases in the manufacturing industry, resulting in an increasing demand for air filters in the near future. For example, Camfil provides clean air solutions using the contamination control technology to protect sensitive electronics and optical devices from hazardous dust particles. The cleanrooms filters of Camfil help in the removal of dust, while providing energy-efficient and cost-saving HEPA filters to the microelectronics industry; this, in turn, is expected to drive the global HEPA filters market
An overview of the HEPA Filters Market’s regional outlook:
The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.
Development of Combined Cycle Gas turbine (CCGT) to drive the HEPA filters market landscape
The increasing demand for energy generation leads to the development of a combined cycle power system that uses a gas turbine to drive the generator and also recuperates the heat generated from the turbine exhaust by producing steam and controlling the environmental dust. According to the International Petroleum Industry Environmental Conservation Association (IPIECA), the overall efficiency of the combined cycle gas turbine (CCGT) ranges from 50-60%, emitting the huge amount of pollutants, that results into the growth of high-efficiency particulate air filters market share.
- What is the driving factor for the growth of the HEPA Filters Market?
- How will the COVID-19 pandemic impact the demand and consumption of the HEPA Filters Market?
- What is the major application area of the HEPA Filters Market?
- Who are the HEPA Filters Market manufacturers across the globe?
- Which geographical location is dominant in the HEPA Filters Market?
- Which are the top industry players in the HEPA Filters Market?
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