Filters refers to machines or devices designed to remove or obstruct the passage of unwanted materials into a particular system. The unwanted materials may include solid, liquid, gas, dust, mist, or odor. The global filters market in the report comprises industrial and automotive filters, and excludes filters used for household water purification, and cleanrooms in healthcare sector. The industrial filters have been segmented into air and liquid filters. The liquid filters in industries are used to separate various types of liquids from unwanted solid particulates. Liquid filters comprise dust collectors, mist collectors, high efficiency particulate (HEPA) air filters, Baghouse filters, and cartridge filters and collectors (CC&F). Air filters in industries are used to clean the workplace of unwanted dust and mist, in order to avoid accidents. They comprise bag and cartridge filters, hydraulic filters and strainers.
Automotive filters have been categorized into intake and cabin filters. Intake filters maintain the airflow in the engine of the vehicle, whereas cabin filters eradicate dust, pollen, and bad odors to enter the vehicle. The OEM sales refer to the sales of filters through original equipment manufacturing, in which they are supplied to the automotive manufacturers. The aftermarket refers to the replacement market of filters, wherein the consumer purchases filters after the life-cycle of the installed filter is over.
The global filters market is growing due to increasing population and urbanization, which is consequently increasing the propensity of industrialization, as well as boosting the demand for automotive filters. The emission regulations for industrial as well as automotive sectors are further surging the demand of filters. HEPA filters are providing considerable growth opportunity to the market, owing to high-energy efficiency provided by them. The increasing penetration of filters in the emerging countries is one of the most important drivers of the market. The technological advancements in terms of product development and innovation are expected to provide ample growth opportunity for the global market. The global filters market is observing a moderate level of consolidation, owing to the increasing acquisitions in the industry.
Geographically, the U.S. is expected to dominate the global filters market in 2020; however among the key countries, India is projected to register the fastest growth. Certain countries including Italy, Sweden and Spain are expected to grow at a meager rate, owing to their weak economic conditions. The U.S. is expected to be the largest market for filters globally, in 2020. Germany and China are the other major markets. Asia-Pacific is expected to be the largest regional market in 2020, and it is expected to grow with the highest CAGR, during 2015 – 2020.
The key competitors in the global filters market include Affinia Group Inc., MANN+HUMMEL, CLARCOR Inc., Cummins Inc., Pall Corporation, Donaldson Company Inc., Eaton Corporation Plc. and Parker Hannifin Corporation.