U.S. HEPA (High Efficiency Particulate Air) Vacuum Filters Market is Expected to Reach USD 621.3 Million by 2018: Transparency Market Research
According to a new market report published by Transparency Market Research "U.S. HEPA (High Efficiency Particulate Air) Vacuum Filters Market: United States Industry Analysis, Size, Share and Forecast, 2010 - 2018," the U.S. HEPA vacuum filters market revenue is estimated to reached USD 484.0 million in 2013 and then further reach USD 621.3 million by 2018, growing at a CAGR of 5.1% from 2013 to 2018. The residential segment is expected to be the second largest revenue generating application market after the commercial segment, by 2018.
In terms of volumes, the U.S. HEPA vacuum filter market is expected to reach 31.88 kilo tons of filtration media by 2018. The HEPA vacuum filters market has experienced a healthy growth rate in the last few years due to increased prevalence of asthma and other allergies in the U.S.
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Other growth drivers for this market include increasing regulatory support for the use of HEPA filters and enhanced enforcement of industrial standards within various industries due to concerns over health and safety. Price still remains the major concern; however, increased awareness about airborne infectious diseases overcomes this concern.
Residential and commercial segments generate major share of the overall U.S. HEPA vacuum filters market revenue. The residential segment is forecasted to reach market revenue of USD 134.4 million in 2018 and is expected to grow at a CAGR of 5.5% during 2013-2018. The residential segment accounted for 21.1% of the overall U.S. HEPA vacuum filters market in 2011.
The U.S. HEPA vacuum filters market is dominated by 3M, occupying about 47.6% of the overall vacuum filters market. Other major players include Filtrauto S.A, Pall Corporation, Freudenberg Group, and Donaldson Co., Inc.
This report helps to identify factors, which will be the driving force behind the U.S. HEPA vacuum filters market and sub-markets in the next six years. The report provides extensive analysis of the U.S. HEPA vacuum filters market industry, current market trends, industry drivers and challenges for better understanding of the market structure. The report has segregated the U.S. HEPA vacuum filters industry in terms of application. This report also analyzes the U.S. market for air filtration media market in USD million by its product type. Annual estimates and forecasts are provided for the period 2010 through 2018 in terms of volume and value.
Major Segments Analyzed
U.S. HEPA vacuum filters market by application
- Other industrial
U.S. Air Filtration Media Market by Product Type
- Bag Filters
- Mid/High Performance filters
- Dust Filters
- Chemical Filters
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