Pleated Filters Market Share, Size, Expected Growth Opportunities and Forecast by 2029 | Is Pleated Filters Industry Hit Worst due to Russia-Ukraine War Impact?
According to Fortune Business Insights™ The global pleated filters market price is set to gain momentum from their increasing preference in households as they are very effective against allergies and asthma. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Pleated Filters Market Size, Share & Industry Analysis, By Application (Commercial Buildings, Industrial, Hospitality, Pharmaceutical, Food and Beverage, Healthcare, Institutional, Others) and Regional Forecast, 2020-2028.” The report further states that pleated filters are capable of collecting more dust and have extended life spans.
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Pleated Filters Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Pleated Filters Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
This Report Answers the Following Questions:
- How will the organizations surge sales of pleated filters?
- Which region would dominate the market in the coming years?
- What are the opportunities and challenges in the global market?
- Which companies are set to lead the market in the near future?
Drivers & Restraints-
Increasing Health Hazard Associated with Air Pollution to Spur Demand
Nowadays, the air quality is deteriorating rapidly across the globe because of excessive human activities. The air quality index in most of the densely populated metropolitan cities is very poor. This is further surging the risk of respiratory diseases. These factors are set to boost the pleated filters market growth in the coming years. However, pleated filters are expensive, unlike non-pleated filters because of their ability to provide significant resistance to the flow, as well as high width. This, in turn, would surge the operating cost and hamper growth.
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Rising Awareness about Air Pollution to Bolster Growth in Asia Pacific
Geographically, Asia Pacific is set to be the fastest growing region by generating the largest pleated filters market share in the near future. This growth is attributable to the rising awareness about air pollution and rapid urbanization in developing nations, such as China and India. According to the NASA Socioeconomic Data and Applications Center, the quality of air has crossed the WHO safe limits in a large number of Asian countries.
Europe and North America, on the other hand, would exhibit significant growth on account of the increasing number of residential and commercial air purifying units in these regions. Also, consumers are gradually replacing conventional filters with pleated filters in these regions.
Key Players Focus on Introducing State-of-the-art Products to Intensify Competition
The market for pleated filters is fragmented in nature. It includes numerous reputed manufacturers that are presently striving to develop novel products to capture and kill coronavirus to prevent transmission. Below are two industry developments:
- October 2020:Camfil APCunveiled HemiPleat replacement filter cartridges that are equipped with pleating technology. It is best suited for all industrial dust collectors of the Oval range.
- October 2020: Researchers at the University of Colorado found that the Carrier Infinity air purifier infused with theCaptures & Kills technology is capable of inactivating 99% of coronavirus that are trapped on the filter. It includes a pleated filter that is capable of capturing the virus effectively.
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A list of all the prominent pleated filters manufacturers operating in the global market:
- Freudenberg Filtration Technologies SE & Co. KG
- Parker Hannifin Corporation
- Donaldson Company, Inc.
- Siemens AG
- Absolent Group
- Troy Filters Ltd.
- Airex Filter Corporation
- Pleatco Filtration
- Other key market players
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