Report Code: A16102 | Pages: NA | ||
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A filter is a device that removes solid airborne particles or inorganic solid from water that are generally harmful to human health if inhaled or consumed. Particles include things such as dust, pollen, mould, fibers, germs, chemicals, and others. It uses physical and or chemical processes with fibrous pleated paper, foam, cotton, ionizers, activated charcoal, absorbents, chemicals, catalysts, and others and cleans the air and water to the purest form. Air filters are used in buildings, transportation, public areas and industries where there is air pollution due to the environmental conditions or nature of the job or process. Water filters are used to provide clean water in the residential, industrial, and other sectors. The need for filters has decreased as a result of the COVID-19 outbreak, as there was no necessity from the industrial and residential sectors. Filter demand has reduced due to a temporary halt in operations in the industrial sector.
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Increase in demand across the automotive industry to propel air filter market growth
As the automotive sector expands, there is a growing requirement for air filters to be installed in all cars, which is driving up market demand. Trends such as vehicle miles travelled, vehicle parks, and filters integrated into cars all affect growth. Apart from that, the automobile industry's strong demand for these filters is due to their advantages in aftermarket servicing. The filters are primarily used to clean and increase the efficiency of internal combustion engines while also protecting automobile engine components from hazardous dust particles. This filter is designed to strain the air that the engine consumes throughout a series of strokes. Overall the increase of growth in the air filter market is directly contributing to the growth of the filter market.
High initial installation and maintenance cost is causing hindrance to the growth of filter market
The demand for these filters is increasing as people become more aware of the importance of indoor air quality and the potential health risks. However, one of the key reasons inhibiting the market's growth is the high maintenance cost of these filters. Filters are typically expensive to replace since they need to be changed and serviced every four to six months. Furthermore, several commercial and industrial end-users acquire low-cost air filter equipment, which wreaks havoc on the working environment in HVAC systems. Furthermore, the filter market's expansion is hampered by a lack of understanding about the harmful consequences of bacterium and virus-contaminated air.
Key Benefits of the Report
Questions Answered in the Report
Filter Market Report Highlights
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Key Market Players | Company6, Company8, Company4, Company5, Company7, Company9, Company1, Company2, Company10, Company3 |
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