: PLEATED FILTER market share research by applications and regions PDF-Pleated Filters Market wordpress

Pleated Filters Market Present Scenario and Growth
Prospects 2012-2022: Global Market Insights Inc.
The size of pleated filters market is anticipated to touch 326.0 million units till 2022 as
predicted by Global Market Insights. It is rising at a compound annual growth rate
(CAGR) of 6.5% between years 2015 to 2022.
Strict regulations of environment because of degradation in the quality of air along
with rising demand of energy saving are likely to boost the pleated filter market trend.
Efforts for restricting the growth of air borne infection are also expected to fuel up the
market.
Accelerating demand of infrastructure especially in Middle East & Africa along with
Asia Pacific is indicating towards booming future of HVAC systems. Construction
spending of Asia Pacific countries namely India, China and Japan was anticipated as
USD 427 billion, USD 1.78 trillion and USD 742 million respectively in the year 2013.
Fuelling usage of HVAC systems along with switching from old air conditions is likely
to expedite the pleated filters market share.
Apart from infrastructure, Asia Pacific countries namely India, China, Japan and MEA
are observing great demand in vehicles. And this demand will bring a boom in filters,
as they play a pivotal role in engines of automobiles. Also the demand of clean oil and
great energy efficiency in automobile industries is likely to boost up the market.
Key regions covered:
•
Asia Pacific market of pleated filters dominated in the year 2014 and hence
reached up to USD 3 billion.
•
Industrial applications noticed maximum installation, thus earning significant
revenue of USD 3.5 billion in the year 2014. This sector has been emerged as a
thriving segment because of demand in infrastructure development of power and
cement industries. Limitations in emission along with HEPA standards are expected
to drive the need for industrial applications.
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