USD 11.27 billion
Pleated Filters Market Size, Share, Growth Analysis, By Application(HVAC Systems, Industrial Processes, and Healthcare Facilities), By End-user(Residential, Commercial, Industrial and Healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20N2024 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Pleated Filters Market Insights
The Global Pleated Filters Market size was valued at USD 11.27 billion in 2021 and is poised to grow from USD 11.71 billion in 2022 to USD 15.91 billion by 2030, growing at a CAGR of 3.9% in the forecast period (2023-2030).
The global pleated filters market is vital when it comes to guaranteeing good indoor air quality and protecting certain elements in industrial processes by taking out particulate matter and contaminants from the air. These filters ensure an extended service life and improved filtration due to their pleated structure that extend surface area covered. A variety of applications can utilize these products, including automotive, healthcare facilities, HVAC systems, industrial processes, and more, which results in further market growth.
The demand for pleated filters in both commercial and residential settings has surged as a result of awareness of the negative impact indoor air pollution has on health. HVAC systems that are integrated with pleated filters have risen in popularity due to consumer prioritization of clean air environments, as they are vital for filtering out pollutants, allergens, and dust. Pleated filters are adopted in industrial applications to maintain product quality, protect production equipment, and guarantee environmental regulation compliance.
Technological advancements around the globe have ushered in a trend of the development of pleated filters that are integrated with advanced features like antimicrobial coatings, better filtration efficiency, and low pressure drops. Industries like electronics manufacturing and pharmaceuticals have very specific and precise filtration needs, and these innovative filtration systems are the solution for it.
The rapid urbanization, greater focus on energy efficiency, and stricter air quality regulations around the world have greatly influenced the pleated filters market. Pleated filter producers are making substantial investments in research and development to create filters that lower energy consumption and improve performance. As sustainability gains importance, the market is witnessing the rise of eco-friendly and reusable pleated filters.
In summary, the pleated filters market's growth is driven by the need for improved indoor air quality, industrial process optimization, and regulatory compliance. As various industries and consumers recognize the importance of cleaner air environments, the demand for efficient and innovative pleated filters is expected to continue to rise.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
HVAC systems
Fastest Growth
HVAC systems
Growth Rate
3.9% CAGR
Global Global Pleated Filters Market ($ Bn)
Country Share for North America Region (%)
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Pleated Filters Market Segmental Analysis
Based on Application the market is segmented as, HVAC Systems, Industrial Processes, and Healthcare Facilities. Based on End-use the market is segmented as, Residential, Commercial, Industrial and Healthcare. Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA).
Analysis By Application
The “HVAC systems “application was notably dominating the pleated filters market. The widespread use of pleated filters in residential, commercial, and industrial HVAC systems was driven by the increasing awareness of indoor air quality and the need to maintain clean and healthy indoor environments. With a growing emphasis on creating comfortable and pollutant-free living and working spaces, the HVAC segment witnessed substantial demand for pleated filters.
The fastest-growing segment was likely the “Healthcare facilities” application. In healthcare environments, the importance of sterile conditions and airborne pathogen control is paramount. Pleated filters play a critical role in maintaining air quality standards that prevent the spread of contaminants and ensure the well-being of patients and healthcare workers. The healthcare sector's continuous growth, coupled with the increasing focus on infection control, fueled the rapid adoption of pleated filters in healthcare facilities.
Analysis By End-user
The “commercial” segment was often considered the dominant force in the market. Commercial establishments, including offices, hotels, and retail spaces, require consistent and efficient air filtration to provide occupants with a comfortable and healthy indoor environment. The emphasis on employee productivity, customer satisfaction, and regulatory compliance drives the widespread adoption of pleated filters in commercial buildings.
Simultaneously, the fastest-growing segment was the “healthcare” sector. With an increasing focus on infection control, sterile environments, and air quality within healthcare facilities, the demand for high-efficiency pleated filters in hospitals, clinics, and laboratories has been rapidly expanding. The need to prevent the spread of airborne pathogens and maintain sanitary conditions has led to heightened investments in advanced filtration systems, positioning healthcare as a rapidly evolving and critical segment within the pleated filters market.
Global Global Pleated Filters Market By Application
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Pleated Filters Market Regional Insights
In the global pleated filters market, North Americahas come out on top as the largest region. The region, particularly the United States, has maintained the leading position as a result of its widespread use of pleated filters, both in commercial and residential sectors, due to heightened focus placed on energy efficiency regulations, indoor air quality, and a dynamic HVAC market. This region’s dominance can be credited to its well-established commercial infrastructure, that includes shopping centers, office buildings, and hotels.
Following closely behind North America, Europe has emerged as the second-largest region in the pleated filters market. Concerns for indoor air quality and environmental regulations has driven the demand for efficient air filtration solutions in economies like the UK, Germany, and France, resulting in the region’s market prominence. The European Union is actively targeting energy efficiency in buildings and promoting eco-friendly practices which has boosted pleated filters usage in commercial and residential applications. Additionally, pleated filters are widely used in industrial processes to maintain product quality and regulatory compliance, which resulted in the expansive adoption of these products in Europe's thriving industrial sector.
Global Global Pleated Filters Market By Geography
- Largest
- Fastest
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Pleated Filters Market Dynamics
Drivers
Increasing Awareness of Indoor Air Quality:
- The adoption and installation of pleated filters in both residential and commercial settings has been on the rise as the demand for efficient air filtration solutions grows due to the increasing concerns about indoor air pollution and the negative effects it has on health.
Stringent Air Quality Regulations:
- In order to comply with stricter air quality regulations that global environmental agencies and governments implemented, particularly in commercial buildings, businesses continue to invest in the production of effective air filtration systems.
Restraints
Maintenance Requirements:
- Though pleated filters offer higher efficiency, the recurring cost and effort that is necessary for regular maintenance and replacement of filtration systems in order to guarantee optimal performance is a prominent concern for some end-users.
Technological Advancements in HVAC Systems:
- The demand for high-efficiency pleated filters can see a fall in the future as HVAC technology evolves, resulting in certain advanced systems not needing filters with the same level of efficiency.
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Pleated Filters Market Competitive Landscape
In order to meet the varying filtration needs across multiple sectors, a blend of specialized players, established industry titans, and innovative producers, are constantly endgame in a fierce competition in the pleated filters market. Key players in the market use the advantage of their established reputation and expertise that comes with experience to put out a wide range of pleated filter solutions, that are customized according to different applications and industries, into the market. In order to improve overall product performance, reduce pressure drops, and improve efficient filtration, these companies are actively engaged in R&D activities. Additionally, industry leaders carry a competitive advantage over other participants due to their pre-established and well-working distribution networks and customer relationships.
Top Player’s Company Profile
- Honeywell International Inc.
- 3M Company
- MANN+HUMMEL Group
- CLARCOR Industrial Air
- Camfil AB
- Ahlstrom-Munksjö
- Swift Filters, Inc.
- Air Filters, Inc.
- Flanders Corporation
- Troy Filters Ltd.
- Freudenberg Filtration Technologies
- Koch Filter Corporation
- General Filters, Inc.
- Tex-Air Filters
- Universal Air Filter Company
- Columbus Industries, Inc.
- Nederman Holding AB
Recent Developments
- In January 2023, 3M, an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods, reported their development of a new pleated filter that is manufactured with graphene. This new graphene filter is supposedly more effective at trapping particles compared to traditional pleated filters.
- In February 2023, Donaldson, a global leader in providing engine and industrial air, oil and liquid filtration solutions, publicly stated that they are expanding their production capacity for pleated filters. The increasing demand for pleated filters in the HVAC and industrial markets has driven the company to invest in the expansion.
- In March 2023, Camfil, a producer and developer of air filters and clean air products and specialist in air filtration, announced the upcoming debut of their line of pleated filters for medical devices. These new filters are designed to provide protection to patients from harmful airborne particles.
Pleated Filters Key Market Trends
- Emphasis on Indoor Air Quality (IAQ): The rising demand for functional and efficient air filtration solutions has been fueled by the growing awareness of the significance of indoor air. As individuals spend more time indoors, particularly in commercial spaces and homes, there's a growing focus on using pleated filters to mitigate airborne pollutants, allergens, and contaminants.
- Stringent Environmental Regulations: Regulatory heads and governments across the globe have worked on integrating much more rigid requirements related to indoor air quality and emissions. In order to align themselves with this trend and comply with said standards to ensure the safety and health of users, businesses have developed high-efficiency pleated filters.
Pleated Filters Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Pleated Filters Market analysis, the market encompasses residential, commercial, industrial, and healthcare segments, each driven by distinct filtration needs. In North America and Europe, stringent air quality regulations and the emphasis on energy-efficient HVAC systems propel market growth. The surge in indoor air quality awareness fuels demand for pleated filters, particularly in commercial spaces and healthcare facilities. Pleated filters, with their expanded surface area and efficient particle capture, are crucial in removing allergens, pollutants, and contaminants. The trend toward sustainability and advancements in filtration technology further shapes the market, leading to innovative filter designs and eco-friendly solutions. As industries prioritize health, regulatory compliance, and energy efficiency, the pleated filters market continues to evolve to meet these demands.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.27 billion |
| Market size value in 2031 | USD 15.91 billion |
| Growth Rate | 3.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pleated Filters Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pleated Filters Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pleated Filters Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pleated Filters Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pleated Filters Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pleated Filters Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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