Technology Advancements Drive the Global Air Filters and Filtration Equipment Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Air Filters and Filtration Equipment markets. Global market for Air Filters and Filtration Equipment is forecast to reach US$11.9 billion by 2020, driven by technology advancements, the ubiquitous need for maintaining particulate cleanliness, and the mounting pressure to improve outdoor and indoor air quality.

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Air Filters and Filtration Equipment: A Global Strategic Business Report

San Jose, California (PRWEB) February 06, 2014

Follow us on LinkedIn – With applications in consumer, industrial, manufacturing, commercial and automotive sectors, air filters and filtration equipment market is influenced by changes in government regulations and environmental policies. Growth in the market has long benefited from the ever-rising concerns over indoor air quality and increasing incidence of allergic respiratory disorders. Another key factor driving growth in the market is the frequent outbreak of epidemics, especially in developing countries, which play instrumental roles in raising consumer awareness.

Automotive air filters represents the largest product market with growth led by stringent emission norms and recovery in global automotive production. Demand for increased cabin comfort is helping drive growth of cabin air filters. A key factor restraining growth in the market is the longer than average replacement cycle largely as a result of longer durability of filtration media and reluctance on the part of consumers to change air filters in their vehicles in time.

The market is also poised to benefit from innovative technology advancements targeted at design and performance improvements, such as, high dust holding capacity, compact/flexible form factors, durability, and optimum functioning at comparatively lower delta pressure, among others. Nanotechnology represents another potential growth driver, wherein nanofiber technology enable development of smaller, compact and longer-lasting filters and components.

Demand for high-efficiency particulate absorption (HEPA) air filters is expected to witness steady growth in the coming years. Advanced versions of HEPA filters such as Scanned HEPA filters, SULPA filters, among others, are known to eliminate over 99.99% of airborne indoor particles. Demand for air filters and filtration equipment fluctuates in close correlation to the construction industry, steel and cement production, and gas turbine power plants, among others. The market as a result is expected to benefit from favorable trends in these end-use sectors. The rise in the number of gas turbine power plants as a result of the declining natural gas prices is expected to boost opportunities for gas turbine inlet filters worldwide.

As stated by the new market research report on Air Filters and Filtration Equipment, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 7.0% over the analysis period. Higher infrastructure investment, growing GDP, rapid urbanization, robust pace of industrialization and heightened concerns with regard to health represent key growth drivers in the region. Furthermore, several air filter manufacturers from the developed countries are moving production to China, India, and Malaysia, to leverage the advantage of cheap manpower, and abundant supply of raw materials.

Key players covered in the report include 3M Company, A.L.Filter, Aerospace America Inc., Ahlstrom Corp., Air Filter Service Company, Airtech Japan Ltd., American Air Filter (AAF) International, Bruce Air Filter Company, Camfil, Clarcor Air Filtration Products Inc., Cummins, Inc., Donaldson Co. Inc., Dust Free Inc., Filtration Group Inc., Filtration Systems Products Inc., Flanders Corporation, Freudenberg & Co. KG, GVS Group, Hollingsworth & Vose Company, Lydall Inc., Mann Hummel Group, Midwesco Filter Resources, Inc., Sogefi SpA, Spectrum Filtration Private Ltd., and UCI-FRAM Group, among others.

The research report titled “Air Filters and Filtration Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges, product launches and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product segments analyzed include Automotive Air Filters, Cartridge Air Filters, Electrostatic Air Filters, Fabric Air Pollution Filters, HVAC Air Filters, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Air_Filters_and_Filtration_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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