The global demand for Panel Filters Market is presumed to reach the market size of nearly USD 12.33 MN by 2028 from USD 8.65 MN in 2021 with a CAGR of 5.2% under the study period 2022 - 2028.
The panel filter sieves out airborne contaminants, harmful gases, and other impurities. A panel air filter's typical air purification efficiency ranges from 25% to 30%. Panel filters remove both molecular and solid contamination from the air. Particles are carried through the filter by inertial mass effect and adhere to the panel filter threads. When air passes over the panel filter, the panel filter can remove solid air particles, dust, pollen, and even harmful odor from the air. Due to its adaptability, durability, and sustainability, the panel filter is becoming more popular in various industrial applications.
Market Dynamics
The global market for Panel filters is anticipated to expand due to their better qualities and changing governmental regulations brought on by low air quality indices. To maintain proper air quality levels, governments from several nations have recommended using panel filters in commercial, and industrial organizations, including corporates, shopping centers, data centers, and food and beverage manufacturing facilities. The need for panel filters is anticipated to increase in the future due to the growing awareness of air quality levels. The rise in demand for the construction of green buildings and awareness of energy-efficient air purifying products among people is boosting the air filter market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of panel filters. The growth and trends of panel filters industry provide a holistic approach to this study.
Market Segmentation
This section of the panel filters market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Disposable Panel Filters
- Reusable Panel Filters
By Material
- Fiberglass
- Synthetic
- Others
By Application
- Residential
- Non-Residential
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Panel Filters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Panel Filters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the panel filters market include Camfil AB (Sweden), AAF International (US), AFPRO Filtration Group (Netherlands), Mann+Hummel(Germany), Parker Hannifin (US), Donaldson Company (US), Freudenberg Filtration Technologies (Germany). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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