The global filters market is expected to grow from $8,922.9 million
in 2014, and reach $1,3601.9 million by 2020, growing with a CAGR of 7.3%
during 2015 – 2020. The global filters market comprising industrial and
automotive filters is driven by increasing industrialization and growth in the
commercial vehicles market. The regulations regarding industrial and automotive
emissions are becoming more stringent, which is consequently surging the demand
for filters in the both the sectors. The demand for efficient filtration on the
other hand has been promoting the sales of advanced filters, such as HEPA
filters.
Explore
Report with Detailed TOC on “Global Filters Market” at: https://www.psmarketresearch.com/market-analysis/industrial-and-automotive-filters-market
The increasing population and
urbanization in Asia-Pacific is expected to make it the global leader in global
filters market by 2020. The increasing demand of bag and cartridge filters,
mist collectors, and HEPA filters is expected to provide considerable growth
opportunity for the global industrial filters market during the forecast
period. The slowdown in passenger car sales in certain major automotive markets
is obstructing the growth of the automotive filters market through original
equipment manufacturer (OEM); however, the aftermarket sales have been
offsetting the impact. The global market has witnessed consolidation during the
recent past, which is reflected by several acquisitions taking place in the
industry.
Ask
for Sample Pages: https://www.psmarketresearch.com/market-analysis/industrial-and-automotive-filters-market/report-sample
The information and data in the
publication “Global Filters Market Size,
Share, Development, Growth and Demand Forecast to 2020” represent the
research and analysis of data from various primary and secondary sources. A bottom-up
approach has been used to calculate the global filters market by country, segment,
type, and distribution channel. P&S Market Research analysts and
consultants interact with leading companies of the concerned domain to
substantiate every value of data presented in this report. The company bases its
primary research on discussions with prominent professionals and analysts in
the industry, which is followed by informed and detailed, online and offline
research.
With the increasing competition in the
market, the filtration companies are modifying their product portfolio to
include offerings that are more advanced. For instance, Pall Corporation
launched a 5 nm asymmetric nylon filter for semiconductor lithography
processes. It is targeted to reduce filter start-up and toll downtime, and
minimize chemical waste. Cummins launched a lube filters with its polymeric
nanotechnology-based synthetic media, Nanotech. The lube will be used in
Cummins’ filter engines and will remove 98.7% of particles of dimension 12
microns. The introduction of products equipped with advanced technology is expected to positively
impact the growth of the global filters market.
Browse
Related Research: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
The global filters market is
consolidating with large numbers of mergers and acquisitions taking place. The
year 2015 witnessed the announcement and completion of four acquisitions, out
of which, three belonged to MANN+HUMMEL. The key competitors in the global
filters market include MANN+HUMMEL, Affinia Group Inc., Cummins Inc., CLARCOR
Inc., Donaldson Company Inc., Pall Corporation, Parker Hannifin Corporation,
and Eaton Corporation Plc.
About P&S Market Research
P&S Market Research is a market
research company, which offers market research and consulting services for
various geographies around the globe. We provide market research reports,
industry forecasting reports, business intelligence, and research based
consulting services across different industry/business verticals.
As one of the top growing market research
agency, we’re keen upon providing market landscape and accurate forecasting.
Our analysts and consultants are proficient with business intelligence and
market analysis, through their interaction with leading companies of the
concerned domain. We help our clients with B2B market research and assist them
in identifying various windows of opportunity, and framing informed and
customized business expansion strategies in different regions.
Contact:
Abhishek
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.comWeb: https://www.psmarketresearch.com
No comments:
Post a Comment