The U.S. HEPA vacuum filters market, propelled by the aforesaid trends, will grow at a moderate 5.1% CAGR during the forecast period of 2013 to 2018. In 2013, the U.S. market for HEPA filters was worth US$484.0 million and by 2018, the market is expected to record revenue of US$621.3 million.
Albany, NY -- (SBWIRE) -- 12/09/2015 -- The Asthma and Allergy Foundation of America (AAFA) states that allergic disorders, including asthma, rank 5th in the list of leading chronic disorders in the U.S. across all ages, and rank 3rd in the list of the most common chronic conditions in patients under the age of 18. The rising prevalence of asthma and allergies in the U.S. is the primary driver fueling the growth of the U.S. HEPA vacuum filters market.
Statistics show that every year, there is marked growth in the prevalence of airborne infectious diseases, respiratory allergies, and asthma in the U.S., which has increased the demand for HEPA vacuum filters. According to a news release in the American Thoracic Society, HEPA filters are a potentially useful intervention, as they are inexpensive to purchase and capable of removing tiny particles that can be inhaled by humans. Besides the increasing incidence of respiratory allergies, the U.S. HEPA vacuum filters market will also benefit from the rising awareness of consumers towards airborne infectious diseases.
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The report on the U.S. HEPA vacuum filters market provides a 360-degree view of the industry. Starting from market history, the latest developments and top predictions of the U.S. HEPA vacuum filters market are covered in the report. In addition to this, the report also offers the financial overview and business strategy of the key companies operating in the U.S. HEPA vacuum filters market.
Overview of the U.S. HEPA Vacuum Filters Market
The U.S. HEPA vacuum filters market is also driven by the enforcement of elevated standard within several industries due to health and safety concerns. Additionally, the U.S. HEPA vacuum filters market receives a boost from the rising support from industry regulators for the use of HEPA filters. Another trend driving the U.S. HEPA vacuum filters market is the accelerating application of HEPA filters in the aircraft and automobile industries.
The U.S. HEPA vacuum filters market, propelled by the aforesaid trends, will grow at a moderate 5.1% CAGR during the forecast period of 2013 to 2018. In 2013, the U.S. market for HEPA filters was worth US$484.0 million and by 2018, the market is expected to record revenue of US$621.3 million. Volume-wise, the market is expected to achieve a total of 31.88 kilo tons of filtration media by 2018.
Application-wise, the U.S. HEPA vacuum filters market is divided into commercial, residential, power, electronics, metals, and others. In 2011, the residential sector held around 21.1% of the U.S. HEPA air filters market. This segment is expected to display a healthy CAGR of 5.5% during the forecast period and be worth US$134.4 million by 2018. By product type, the U.S. HEPA air filters market is segmented into chemical filters, dust filters, HEPA/ULPA, mid/high performance filters, and bag filters.
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Though the U.S. HEPA vacuum filters market will demonstrate good growth in the foreseeable future, it will be suppressed by the limited scope for technology integration.
Companies mentioned in the research report
Presently, the firm 3M dominates the U.S. HEPA vacuum filters market with a market share of around 47.6%. Other prominent companies operating in the U.S. HEPA vacuum filters market are Donaldson Co. Inc., Pall Corporation, Filtrauto S.A., and Freudenberg Group.
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