Pleated filters market size to reach $14.9 bn by 2022.

1. Pleated filters market size to reach $14.9 bn by 2022

2. Global Market Scenario of Aerial Imaging/Photography Industry • Pleated filters market size is likely to be valued at USD 14.9 billion by 2022; as per a new research report by Global Market Insights, Inc. Growing need for energy conservation and low green house gases (GHG) emission devices is likely to drive demand. • The market is also likely to be driven by consumer preference to install latest air conditioning systems in residential and commercial buildings. These filters also have significance in HVAC installation systems. • Air based pleated filters market share dominated the industry and accounted for more than 50% of the total demand in 2014. Growing importance of efficient equipments with for minimizing indoor contaminants is likely to drive air filters demand. Oil filters are likely to witness highest growth rates with an estimated CAGR of 7.5% up to 2022.

3. Continue..... • Stringent regulations by governing bodies such as EPA to curb air borne diseases are anticipated to drive pleated filters market size over the next seven years. Ensuring continuous & down-flow of particulate-free fluids in oil & gas exploration and production applications is anticipated to play a major role in increasing the demand. Preference of some substitute products to remove micro-particulates is likely to challenge pleated filters industry. • Global pleated filters market size was estimated 197.2 million units in 2014 and may register 326.0 million units by 2022 growing with an estimated CAGR of 6.5% from 2015 to 2022. • Industrial applications dominated the overall demand and accounted for 41.9% of the total volume in 2014. Rapid industrialization in emerging economies such as  Asia Pacific & Latin America coupled with increasing investments in expansion of cement and power industries is likely to drive demand for this application. Residential applications are likely to witness moderate growth rates at CAGR of 5.7% up to 2022.

4. Germany pleated filters market size, by product, 2012 - 2022 (Million Units)

5. 360° Analysis • Application Analysis • Industrial applications witnessed the largest installation and generated revenue exceeding USD 3.5 billion in 2014. Industrial application segment majorly includes power, cement and metal industries involving its use. Industrial applications emerge as a leading segment on account of increasing infrastructure investments in power sector and cement industries. • Regional Analysis • Asia Pacific pleated filters market was the dominant region with valuation of over USD 3 billion in 2014. Industrialization coupled with stringent environment regulations will emerge as major driver for demand in India and China. Currently, China pleated filters market size, at over USD 1.1 billion in 2014 is the largest regional industry followed by Japan. • Competitive Market Share • The global pleated filters market share is fragmented and is characterized by the presence of international and domestic industry participants. The industry is likely to attract new participants over the coming years owing to rapid industrialization in emerging economies

6. Latest Research Report On Aerial Imaging Market@ https://www.gminsights.com/pressrelease/pleated-filters-market-report Download Latest Report PDF @ https://www.gminsights.com/request-sample/detail/161

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