Panel Filters Market to Witness Unprecedented Growth in Coming Years
The global "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%. Panel filters are air filters that are specifically designed to eliminate solid pollutants and the molecular contaminants from the air. When air enters into contact with the panel filter, the panel filter is being able to filter out solid air particles, dust, pollen, and even toxic fumes that are traveling through said air. Large particles get carried out through the filter and stick to the threads of the panel filter through inertial mass effect, whilst lighter particles float through the filter through turbulent flow and get caught by fibres that make up the filter. Any small particles are removed through diffusion and move through Brownian motion as it approaches the fibrous. The smaller particles at random hit each other, which lowers their speed and raises the chances of their capture by the panel filter.
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Browse 165 market data Tables and 52 Figures spread through 171 Pages and in-depth TOC on "Panel Filters Market”.
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.
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.
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