International.
The global HEPA filter market is projected to reach $2.7 billion in 2016, according to a report by TechSci Research, due to deteriorating indoor and outdoor air quality, increased consumer awareness regarding airborne diseases, along with strict government regulations to improve indoor air quality.
HEPA filters are capable of delivering 99.97% efficiency in removing fine particles of size 0.3 microns or more. They have the ability to trap dust mites, mold spores, pollen, animal dander, tobacco smoke in the air, as well as bacteria, fungi and viruses.
With the increasing penetration of air purifiers in the residential as well as commercial sector, the HEPA filter market is anticipated to exhibit promising growth in the next five years. During 2011-2015, the air purifier segment emerged as the largest, and as the fastest growing area. This global market is anticipated to witness year-over-year growth of more than 14% in the coming years, thus creating lucrative opportunities for HEPA filters.
Another important application area of HEPA filters is the global HVAC systems market. Increasing population, growing housing sector, rising income levels in emerging markets, and increasing number of industrial systems are some of the key factors catalyzing the growth of the global HVAC market, which is projected to exceed US$128 billion in revenue by 2020. Consequently, the HVAC segment is expected to remain the second most dominant application area for HEPA filters through 2021.
Image: Wikimedia Commons.
