HVAC and Construction Industry Pleated Filters Market Share and Analysis, 2024

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Pleated Filters Market Share, Size, Analysis, Growth, Trends and
Forecasts, 2016 to 2024 | Hexa Research
" The global pleated filters market is expected to
grow at a CAGR of above 6% over the forecast period
of 2016 to 2024."
The size of the global Pleated Filters Market is anticipated to exceed 330 million units by 2024 with a CAGR of
over 7 % over the forecast period (from 2016 to 2024). Rising demands for lower carbon emission and high
energy-efficient devices are projected to propel the market growth in the near future. The increasing scope of
applications in HVAC (Heating, Ventilation, and Air Conditioning) systems and substitution of old AC systems are
said to drive the market. Rising needs to prevent the spreading of airborne diseases are also likely to spur the
product demands. The global market is categorized as products, applications, and regions.
The products sector includes HEPA, oil filter, air filter, food & beverage filter and medium efficiency filter.
Pleated air filters dominated the product sector in 2015 and are further divided as HEPA and medium efficiency
filters. In air filter sector, most of the volume is occupied by the medium efficiency products. Oil filters occupied
more than 11 % of the overall demand in 2015. The sector is anticipated to experience the highest gains with a
CAGR of over 8 % during the forecast period.
The application sector comprises industrial, commercial, utilities, and residential. The industrial application
sector dominated the overall pleated filters market in 2015 generating revenue of over USD 4 billion. The sector
mainly includes the cement, metal and power industries. The industrial applications came up as a dominating
sector due to the rising infrastructure investments in the cement industry and power sector.
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