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Global Filters (Industrial and Automotive) Market (Size of $8,923 Million in 2014) to Witness 7% CAGR During 2015 – 2020

09-21-2016 03:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Market Research

Global Filters (Industrial and Automotive) Market (Size

The global filters market is expected to grow from $8,922.9 million in 2014, and reach $1,3601.9 million by 2020, growing with a CAGR of 7.3% during 2015 – 2020. The global filters market comprising industrial and automotive filters is driven by increasing industrialization and growth in the commercial vehicles market. The regulations regarding industrial and automotive emissions are becoming more stringent, which is consequently surging the demand for filters in the both the sectors. The demand for efficient filtration on the other hand has been promoting the sales of advanced filters, such as HEPA filters.

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The increasing population and urbanization in Asia-Pacific is expected to make it the global leader in global filters market by 2020. The increasing demand of bag and cartridge filters, mist collectors, and HEPA filters is expected to provide considerable growth opportunity for the global industrial filters market during the forecast period. The slowdown in passenger car sales in certain major automotive markets is obstructing the growth of the automotive filters market through original equipment manufacturer (OEM); however, the aftermarket sales have been offsetting the impact. The global market has witnessed consolidation during the recent past, which is reflected by several acquisitions taking place in the industry.

The information and data in the publication “Global Filters Market Size, Share, Development, Growth and Demand Forecast to 2020” represent the research and analysis of data from various primary and secondary sources. A bottom-up approach has been used to calculate the global filters market by country, segment, type, and distribution channel. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

Explore Report with Detailed TOC at: www.psmarketresearch.com/market-analysis/industrial-and-automotive-filters-market

With the increasing competition in the market, the filtration companies are modifying their product portfolio to include offerings that are more advanced. For instance, Pall Corporation launched a 5 nm asymmetric nylon filter for semiconductor lithography processes. It is targeted to reduce filter start-up and toll downtime, and minimize chemical waste. Cummins launched a lube filters with its polymeric nanotechnology-based synthetic media, Nanotech. The lube will be used in Cummins’ filter engines and will remove 98.7% of particles of dimension 12 microns. The introduction of products equipped with advanced technology is expected to positively impact the growth of the global filters market.

The global filters market is consolidating with large numbers of mergers and acquisitions taking place. The year 2015 witnessed the announcement and completion of four acquisitions, out of which, three belonged to MANN+HUMMEL. The key competitors in the global filters market include MANN+HUMMEL, Affinia Group Inc., Cummins Inc., CLARCOR Inc., Donaldson Company Inc., Pall Corporation, Parker Hannifin Corporation, and Eaton Corporation Plc.

Browse For Related Research: www.psmarketresearch.com/industry-report/chemicals-materials-and-energy

GLOBAL FILTERS MARKET BREAKDOWN

By Segment – includes global market size of industrial and automotive filters.
Industrial Filters, By Type – includes global market size of
Liquid Filters – includes market size of Bag and cartridge filters, Hydraulic filters, and Strainers
Air Filters – includes market size of Dust collectors, Mist collectors, HEPA Filters, Baghouse filters and Cartridge filters and collectors
Automotive Filters

By Type – includes global market size of fuel, oil and air filters
By Product – includes global market size of intake and cabin filters
By Distribution Channel – includes global market size of fuel, oil, and air filters through OEM and aftermarket
By Geography – includes market size of North America, Europe, Asia-Pacific, and Rest of the World

GLOBAL FILTERS MARKET BREAKDOWN BY GEOGRAPHY
North America Filters Market

By Country - U.S. and Canada
By Segment
Industrial Filters, By Type
Automotive Filters - By Type, By Product and By Distribution Channel
Europe Filters Market

By Country - Germany, U.K., Italy, France, Spain, Turkey and Sweden
By Segment
Industrial Filters, By Type
Automotive Filters - By Type, By Product and By Distribution Channel
Asia-Pacific Filters Market

By Country – China, Japan and India
By Segment
Industrial Filters, By Type
Automotive Filters - By Type, By Product and By Distribution Channel
Rest of the World (RoW) Filters Market

By Country – Brazil
By Segment
Industrial Filters, By Type
Automotive Filters - By Type, By Product and By Distribution Channel

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

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