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 market encompasses a wide range of products, including air filters, food and beverage filters, oil filters, and others. The global market for these filters was valued at a significant US$ 4765 million in 2023. This value is expected to surge to an impressive US$ 6597 million by 2030, indicating a promising future for this market. The growth is attributed to the increasing demand for advanced filtration technologies in various sectors, including healthcare, automotive, and industrial applications. The market is also driven by the rising awareness about the importance of maintaining indoor air quality and the need for efficient filtration systems in industrial processes.
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) rating. The MERV rating is a measure of the effectiveness of air filters, with higher values indicating better filtration performance. The MERV 7 and below segment includes filters that are typically used in residential settings. These filters provide basic air filtration and are effective in removing large particles. The MERV 8 segment represents filters that offer better filtration performance and are commonly used in commercial buildings. The MERV 9 to MERV 12 segments include filters that provide superior filtration performance and are suitable for applications that require high levels of air purity. The MERV 13 to MERV 14 and above segments represent the highest quality filters that offer exceptional filtration performance. These filters are typically used in healthcare facilities and other settings that require the highest level of air purity.
Commercial & Public Buildings, Residential Buildings, Industrial Facilities in the Global Pleated Filters Market:
The Global Pleated Filters Market finds extensive application in various areas such as commercial and public buildings, residential buildings, and industrial facilities. In commercial and public buildings, these filters are used to maintain indoor air quality and protect the health of occupants. They are effective in removing pollutants such as dust, pollen, and other airborne particles. In residential buildings, pleated filters are used in HVAC systems to improve indoor air quality and create a healthier living environment. In industrial facilities, these filters play a crucial role in various processes. They are used in air filtration systems to protect machinery and equipment from dust and other contaminants. They are also used in liquid filtration processes to remove impurities and ensure the quality of products.
Global Pleated Filters Market Outlook:
Looking at the market outlook for the Global Pleated Filters Market, it's clear that the sector is on a growth trajectory. In 2023, the market was valued at a substantial US$ 4765 million. This figure is projected to rise to an impressive US$ 6597 million by 2030, marking a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2024 to 2030. It's also worth noting that the top four manufacturers in this market hold a share of over 20%. In terms of product segmentation, MERV 8 filters represent the largest segment, accounting for a share of over 15%.
| Report Metric | Details |
| Report Name | Pleated Filters Market |
| Accounted market size in 2023 | US$ 4765 million |
| Forecasted market size in 2030 | US$ 6597 million |
| CAGR | 4.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| 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 |
