Technavio has been monitoring the high-efficiency particulate air (HEPA) filter industrial machinery market and it is expected to grow by $ 246.55 million, accelerating at a CAGR of over 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Do you need more insights on this market: Click here for our Free Sample Report
High-Efficiency Particulate Air (HEPA) Filter Industrial Machinery Market: Emerging Trends to Impact Market Growth
Industries are a major contributor to pollution and, therefore, require extensive solutions to capture environmental pollutants. Industries use various processes that emit different types of pollutants, dust, or dirt particles, which are harmful to the equipment as well as the workforce. Being a cost-intensive process, reduction in performance due to the accumulation of foreign particles can be detrimental to the business. HVAC systems in industries utilize a large amount of air during operations. It is imperative to supply clean air for air-handling units, as the presence of any debris or foreign material can adversely impact the air quality inside the manufacturing facility. Therefore, highly-efficient HEPA filters are an important part of industrial air-handling units, which are used for removing submicron particle matter above the size of 0.3 micrometers. Such factors are expected to boost the demand for HEPA filters in air filtration systems, thereby driving the growth of the global industrial HEPA filters market.
High-Efficiency Particulate Air (HEPA) Filter Industrial Machinery Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. American Air Filter Co. Inc., Blueair AB, Camfil AB, Donaldson Co. Inc., Freudenberg SE, Johnson Controls International Plc, Labconco Corp., MANN+HUMMEL, Parker Hannifin Corp., and W. L. Gore & Associates Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report