Global Air & Fluid Filters Market By Product, Market and Region
Worldwide demand for air and fluid filters is forecast to grow 5.4 percent per year through 2020 to $44.9 billion.
Manufacturing, Regulations, and Consumer Perceptions Drive Air & Fluid Filter Requirement
NEW YORK, June 6, 2017 /PRNewswire/ -- Read the full report: http://www.reportlinker.com/p04895352/Global-Air-Fluid-Filters-Market-By-Product-Market-and-Region.html
Global demand for air and fluid filters will be promoted by advances in manufacturing activity, as well as ongoing investments in water, wastewater, and power generation infrastructure. Regulatory compliance designed to reduce airborne particulates from manufacturing and energy plants and a rise in consumer concerns over indoor air quality and tap water purity will also increase air and fluid filter requirements going forward.
Key Findings in the Air & Fluid Filter Study:
Fluid Filters will Remain Larger Product Category
Fluid filters accounted for 54 percent of total global air and fluid filter sales in 2015, and will continue to remain the larger product category through 2020. Growth in fluid filter sales will be driven by increases in annual water usage and an expanding water and wastewater treatment infrastructure, as well as increasingly stringent regulations regarding these treatment systems. Growth in personal incomes and increasing concerns among consumers regarding the quality of their drinking water will promote demand for consumer water treatment products, and the filters used in conjunction with these devices. Advances in manufacturing activity, particularly in industries that use process fluids, will support demand for related filters.
Rapid Growth in Developing World Markets
The world's emerging markets -- most predominately those in the Asia/Pacific region -- will continue to post fast gains, driven by rising income levels and expanding industrial sectors in these countries. Overall growth in the Asia/Pacific market is determined by trends in China, the region's largest air and fluid filter consumer. In China, a growing middle class will continue to support demand for consumer products that improve air and water quality in the home.
Solid gains in manufacturing output are also expected to spur demand for air and fluid filters installed in manufactured goods at the point of manufacture, and for filters used to purify liquid and gas streams during manufacturing processes. While China will contribute the most growth, Indonesia and India are projected to achieve the fastest average annual gains worldwide through 2020, driven by their increasingly sophisticated manufacturing sectors.
Study Coverage
This study presents historical demand and shipment data (2005, 2015, and 2020) and forecasts (2020 and 2025) on a country-by-country basis. Demand is broken out by product (fluid power filters, consumer water filters, other fluid filters, panel and pocket filters, fabric air pollution filters, and other air filters) and by market (manufacturing, consumer, utilities, and other). This study also evaluates company market share and competitive analysis on industry competitors including Camfil, CLARCOR, Daikin, Danaher, Donaldson, Filtration Group, Parker-Hannifin, and 3M.
Read the full report: http://www.reportlinker.com/p04895352/Global-Air-Fluid-Filters-Market-By-Product-Market-and-Region.html
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