Air Filter Market to Grow at 5.6% CAGR Driven by Indoor Air Quality Concerns to 2020

Written on: May 5, 2016 by ICM

PUNE, India, May 5, 2016 (PR Newswire)–
According to the 2016 air filters market report, air filter plays a significant role in maintaining the indoor air quality as it is one of the main components in HVAC systems. Indoor air quality has gained attention in recent years as poor air quality affects the productivity, health, and comfort of occupants. Estimates by the US Environment Protection Agency (EPA) suggest that people spend 90% of their time indoors, which justifies the reason for the growing concern over IAQ. Organizations such as WHO and those in various countries around the globe have set guidelines for IAQ standards; this has been a primary driver for the growth of the air filter market.
Complete report on air filter market spread across 71 pages, analyzing 6 major companies and providing 32 data exhibits is now available here.
The analysts forecast the global air filter market to grow at a CAGR of 5.6% during the period 2016-2020. Poor IAQ has led to health issues such as sick building syndrome, building-related illnesses, and multiple chemical sensitivity (MCS) or environmental illness these factors have resulted in the framing of new guidelines and regulations for commercial buildings, which has accelerated the demand for better air filters in the HVAC systems used in commercial buildings. Furthermore, the growth in construction activities in the US and the massive resurgence in urban infrastructure construction activities in APAC will fuel the growth of air filters.
Global Air Filter Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global air filter market to 2020. To calculate the market size, the report considers the demand of air filters from various end-user applications.
Key players in the global air filter market: Cummins, Clarcor, Daikin, Camfil, Donaldson, and Mann+Hummel. Other prominent vendors in the market are: K&N engineering, Flanders, Dyna, Delta Filtration, Filtration Group, Parker Hannifin, Affinia Group, 3M, and Sogefi. Order a copy of Global Air Filter Market 2016-2020 report here.
Further, the report states that lack of awareness of end-users about replacing air filters is one of the major challenges faced by the air filter market. Air filters are used to filter the incoming air by trapping particulates such as dust, pollen, mold, smoke, debris, and bacteria from the air. They find use in in a wide range of applications in which air quality is crucial. Energy, automotive, mining, and cement industries are the major sectors where air filters are extensively used.
Courtesy: PR Newswire