What is Global Pleated Filters Market?
The Global Pleated Filters Market is a vast and dynamic sector that plays a crucial role in various industries. These filters are designed with a larger surface area, which increases their efficiency in trapping particles and pollutants. The pleated design allows for better airflow while reducing energy costs. The global market for these filters was valued at a whopping US$ 4765 million in 2022. This value is expected to surge to US$ 6597 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.7% from 2023 to 2029. This growth is a testament to the increasing demand and application of pleated filters across various sectors.
MERV 7 and Below, MERV 8, MERV 9, MERV 10, MERV 11, MERV 12, MERV 13, MERV 14 and Above in the Global Pleated Filters Market:
The Global Pleated Filters Market is segmented based on the Minimum Efficiency Reporting Value (MERV) ratings. These ratings range from MERV 7 and below to MERV 14 and above. Each rating signifies the filter's ability to trap different sizes of particles. MERV 8 filters, for instance, are the largest segment in the market, holding a share of over 15%. These filters are capable of trapping particles as small as 3.0 to 10.0 microns, making them ideal for residential and commercial use. On the other hand, filters with MERV 14 and above ratings are used in environments that require superior air quality, such as hospitals and laboratories.
Commercial & Public Buildings, Residential Buildings, Industrial Facilities in the Global Pleated Filters Market:
The application of pleated filters extends to Commercial & Public Buildings, Residential Buildings, and Industrial Facilities. In commercial and public buildings, these filters are used in HVAC systems to improve indoor air quality and protect the system from dust and debris. In residential buildings, they are used in air conditioning and heating systems to ensure a clean and healthy living environment. Industrial facilities use these filters in various processes to remove impurities and ensure the smooth operation of machinery. The versatility and efficiency of pleated filters make them an indispensable tool in these sectors.
Global Pleated Filters Market Outlook:
To rephrase the market outlook, the Global Pleated Filters Market is a thriving sector with a promising future. In 2022, the market was worth US$ 4765 million, and it is projected to grow to US$ 6597 million by 2029. This represents a CAGR of 4.7% during the forecast period of 2023-2029. The market is dominated by four major manufacturers who collectively hold a market share of over 20%. In terms of product segmentation, MERV 8 filters are the most popular, accounting for over 15% of the market share.
| Report Metric | Details |
| Report Name | Pleated Filters Market |
| Accounted market size in 2023 | US$ 5008 million |
| Forecasted market size in 2029 | US$ 6597 million |
| CAGR | 4.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Parker Hannifin, 3M, Bosch, Filtration Group, MAHLE GmbH, Daikin Industries, Donaldson, MANN+HUMMEL, Columbus Industries, Freudenberg, Camfil, Koch Filter, Glasfloss Industries, Airex Filter, K&N Engineering, Honeywell |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
