The global pleated filters market size was estimated at 175.3 million units in 2012. Growing demand for high energy conservation and lower emissions is expected to remain an important factor driving the global pleated filters market. Pleated filters find its major applications across power, metal, air conditioning and cement industries.
Global pleated filters market volume by product, 2012 - 2020 (Million Units)
India, China, Japan and Indonesia is expected to experience high market growth on account of industrialization and changing lifestyles driving demand for better and highly efficient filtration technology. In Europe, stringent emission regulations coupled with evolving demand new and better energy efficient models in replacement of old air conditioning systems is expected to drive overall regional pleated filters demand.
Pleated filters have emerged as one of the best filtration technologies in terms of energy efficiency, overall cost, operating pressure and emission levels. In addition, it has also received Ecomagination approval which is making it more viable for diverse application areas. Rising number of construction projects mainly in Asia Pacific and the Middle East & Africa is also expected to enhance pleated filters market growth. One of the major restraints in the global pleated filters market includes the availability of various options for removing micro dust particles from the indoor environment.
On the basis of products, pleated filters market is segmented into the air filter, food & beverages filter, oil filter and other filters. Air filter product type is further segmented into medium efficiency filter and HEPA filter. All these filter types will have significant growth of pleated technology in filters over the forecast period. Air filter accounted for maximum market share over the forecast period on account of increasing environmental concerns coupled with growing prevalence of airborne diseases globally.
Oil filter market is expected to have the highest growth over the forecast period owing to developing oil & gas infrastructure coupled with increasing competitiveness in the market. Food & beverages filter market will exhibit high growth over the forecast period. The market is expected to be driven by increasing food safety regulations mainly in Europe and North America. In addition, increasing consumer preferences for better food quality and safety is expected to enhance further the market demand in recent years.
On the basis of application, pleated filters market is segmented into industrial, commercial, utilities, residential and other areas. Industrial applications segment was a market leader and account for a market share of 42.3% in 2013. Industrial segment majorly constitutes power generation, metals, and cement industries. Development of this sector in emerging economies is expected to drive pleated filters market demand in industrial application areas. Stringent emission standards for industries will further impact pleated filters demand in industrial areas. The commercial sector also accounted for significant market volume share over the forecast period on account of increasing the need for energy savings and higher efficiency systems in schools, offices and buildings. Residential application segment will also exhibit significant growth over the forecast period owing to rising demand for improved air quality for better health and environment.
Asia Pacific was the segment leader and is expected to grow at the highest CAGR over the forecast period. Industrialization and development of power, cement & metal industries in Asia Pacific countries will remain as key drivers for market growth in the recent period. China and Japan contributed maximum towards the pleated filters market demand in Asia Pacific. India, Indonesia, Japan and China are expected to experience the highest growth on account of changing consumer patterns resulting from more focus on food health, safety, and quality products.
The Middle East & Africa is also expected to show high growth on account of increasing construction projects number and oil & gas infrastructure development. Europe market is expected to be driven by stringent emission standards coupled with high GDP growth in the countries including the UK, Germany, and France. Environmental regulations and emission standards by OSHA will drive North America market over the forecast period.
Global pleated filters market is highly fragmented on account of the presence of a huge number of regional industry participants. Key market players include Donaldson Company Incorporated, 3M Company, General Motors Company, Airex Filter Corporation, Midwesco Filter Resources Inc, Columbus Industries Inc., Coloradoci, The Strainite companies, Koch Filter Corporation, Atlas Copco, Freudenberg & Company KG, Camfil AB and Clarcor Incorporated. The market is expected to attract new players over the forecast period. On the other hand, existing filter manufacturers are expected to adopt pleated technology and widen the pleated product lines on account of its potential to reduce harmful emissions by almost 85-90%.
The global pleated filters market size was estimated at 175.3 million units in 2012.
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