(EMAILWIRE.COM, March 18, 2023 ) The report “Panel Filters Market by Material (Fiberglass, Synthetic), Type (Disposable, Reusable), Application (Residential, Non-Residential), Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) – Global Forecast to 2027″ The Panel Filters market size is estimated to be USD 8.1 Billion in 2022 and is projected to reach USD 9.9 Billion by 2027, at a CAGR of 4.2%.Factors such as rising awareness about air quality levels, government regulation for efficient filtration, and are rising demand from non-residential sector are driving the panel filters market. Restrain for the market include rising environmental concerns with increasing air conditioners (ACs) sale causing to an increase in the air pollutants that are released during the functioning of the systems. Opportunities in panel filters markets include rapid transformation through IoT in panel filters, wherein panel filters are connected to the Internet to enable data sharing and improving operations for better efficiency, and predictive maintenance schedule. Moreover, shortage of skilled labor is challenge for panel filters markets.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118890404
By Material, Synthetic accounted for the largest share in 2021
Synthetic are estimated to be the largest material in Panel Filters. These synthetic filters are utilized as pre-filters in Air Handling Unit (AHU) for non-residential applications. These filters improve the life span of primary filters (bag filters or HEPA filters) by filtering larger airborne particles. For residential applications, these filters are suitable for people that are suffering from asthma and allergies.
By application, Non Residential accounted for the largest share in 2021
Non Residential is estimated to be the largest market for Panel Filter market. The non-residential industry includes commercial buildings, pharmaceuticals, food & beverages, electronics & semiconductor, data centers, and others. Panel filters are used in AHU and chillers in HVAC systems. These panel filters are primarily used as pre-filters for main filters (HEPA or bag filters). Their function is to capture larger airborne particles and act as the first step in the air filtration process. These filters save cost by extending the life of expensive final filters (HEPA, bag, and others).
By type, Reusable panel filters accounted for the largest share in 2021
Reusable filters is estimated to be the largest market for panel filter during forecast period. These panel filters are washed and cleaned after every few months and reused in HVAC systems. Reusable type of panel filters includes pleated filters, electrostatic filters, and others. These panel filters are costlier compared to disposable panel filters. However, these are ecologically beneficial and expected to be cost-effective in the longer run. Moreover, reusable panel filters offer convenience to customers by minimizing the hassle of changing filters after every few months.
Don’t miss out on business opportunities in Panel Filters Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=118890404
Browse in-depth TOC on “Panel Filters Market
165 – Market Data Tables
52 – Figures
171 – Pages
APAC is projected to account for the largest share of the Panel Filters in 2021
APAC is estimated to be the largest market for Panel Filters during forecast period. The market in the region is primarily driven by the rising demand due to continuously increasing population in the emerging economies, such as China and India. The growth of the panel filter market in China is attributed to the increasing awareness regarding pollution control, Increasing population, growing industrialization are the factors driving the panel filter market in the country.
The Panel Filters market comprises major manufacturers such as Camfil AB (Sweden), AAF International (US), AFPRO Filtration Group (Netherlands), Mann+Hummel(Germany), Parker Hannifin (US), Donaldson Company (US), Freudenberg Filtration Technologies (Germany) are the key players operating in the Panel Filters market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Panel Filters market.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=118890404
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Mr. Ashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Discussion about this post