Panel Filters Market Global Industry Growth, Size, Trends, Insights and 2027 Forecast
Updated on Aug 5, 2022
View more like this | Visit NORTHBROOK, IL | Contact Rohit
The report "Panel Filters Market by Material (Fiberglass, Synthetic), Type (Disposable, Reusable), Application (Residential, Non-Residential), Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) - Global Forecast to 2027" The Panel Filters market size is estimated to be USD 8.1 Billion in 2022 and is projected to reach USD 9.9 Billion by 2027, at a CAGR of 4.2%.Factors such as rising awareness about air quality levels, government regulation for efficient filtration, and are rising demand from non-residential sector are driving the panel filters market. Restrain for the market include rising environmental concerns with increasing air conditioners (ACs) sale causing to an increase in the air pollutants that are released during the functioning of the systems. Opportunities in panel filters markets include rapid transformation through IoT in panel filters, wherein panel filters are connected to the Internet to enable data sharing and improving operations for better efficiency, and predictive maintenance schedule. Moreover, shortage of skilled labor is challenge for panel filters markets.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118890404
Browse in-depth TOC on "Panel Filters Market”
165 - Market Data Tables
52 - Figures
171 - Pages
By Material, Synthetic accounted for the largest share in 2021
Synthetic are estimated to be the largest material in Panel Filters. These synthetic filters are utilized as pre-filters in Air Handling Unit (AHU) for non-residential applications. These filters improve the life span of primary filters (bag filters or HEPA filters) by filtering larger airborne particles. For residential applications, these filters are suitable for people that are suffering from asthma and allergies.
By application, Non-Residential accounted for the largest share in 2021
Non-Residential is estimated to be the largest market for Panel Filter market. The non-residential industry includes commercial buildings, pharmaceuticals, food & beverages, electronics & semiconductor, data centers, and others. Panel filters are used in AHU and chillers in HVAC systems. These panel filters are primarily used as pre-filters for main filters (HEPA or bag filters). Their function is to capture larger airborne particles and act as the first step in the air filtration process. These filters save cost by extending the life of expensive final filters (HEPA, bag, and others).
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=118890404
By type, Reusable panel filters accounted for the largest share in 2021
Reusable filters is estimated to be the largest market for panel filter during forecast period. These panel filters are washed and cleaned after every few months and reused in HVAC systems. Reusable type of panel filters includes pleated filters, electrostatic filters, and others. These panel filters are costlier compared to disposable panel filters. However, these are ecologically beneficial and expected to be cost-effective in the longer run. Moreover, reusable panel filters offer convenience to customers by minimizing the hassle of changing filters after every few months.
APAC is projected to account for the largest share of the Panel Filters in 2021
APAC is estimated to be the largest market for Panel Filters during forecast period. The market in the region is primarily driven by the rising demand due to continuously increasing population in the emerging economies, such as China and India. The growth of the panel filter market in China is attributed to the increasing awareness regarding pollution control, Increasing population, growing industrialization are the factors driving the panel filter market in the country.
The Panel Filters market comprises major manufacturers such as Camfil AB (Sweden), AAF International (US), AFPRO Filtration Group (Netherlands), Mann+Hummel(Germany), Parker Hannifin (US), Donaldson Company (US), Freudenberg Filtration Technologies (Germany) are the key players operating in the Panel Filters market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Panel Filters market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=118890404
Air Handling Units Market by Application (Commercial, Residential), Type (Packaged, Modular, Custom), Capacity (≤5,000 M3/H, 5,001 – 15,000 M3/H, 15,001 – 30,000 M3/H, 30,001 – 50,000 M3/H, ≥ 50,001 M3/H), & Region - Global Forecast to 2026
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/