Transparency Market Research has published a new report "U.S. HEPA Vacuum Filters Market: United States Industry Analysis, Size, Share And Forecast, 2010 - 2018" to its report store.
Albany, NY -- (SBWIRE) -- 07/23/2015 -- According to a new market research report published by Transparency Market Research, titled 'U.S. Hepa Vacuum Filters Market: United States Industry Analysis, Size, Share And Forecast, 2010 - 2018', the U.S. HEPA vacuum filters market is expected to witness significant growth at a CAGR of 5.1% from 2013 to 2018. In 2013, the U.S. HEPA vacuum filters market made revenue worth of US$484.0 million and by the end of 2018, the market is expected to reach US$621.3 million. Due to the wide usage in medical, electronic, and industrial applications, the U.S. HEPA vacuum filters market is forecast to record a volume of 31.88 kilo tons of filtration media by the end of 2018.
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HEPA is a filtration standard created by the U.S. Atomic Energy Commission to signify the efficiency of air filters. It was initially used by the organization to restrict airborne radioactive particulates in the exhaust ventilation systems of nuclear reactors. Due to their high efficiency in restraining air particulates, HEPA vacuum filters are now widely used in multiple sectors. The rise in respiratory allergies, airborne infectious diseases, and asthma in the U.S. has led to the increased usage of HEPA vacuum filters. Also, due to the concerns over health and safety, various industries have been forced to comply with environmental regulations, which has also boosted the growth of the U.S. HEPA vacuum filters market. Increasing applications in aircraft and automobile industries have further fuelled the market. However, high prices of HEPA vacuum filters could deter the expansion of the U.S. HEPA vacuum filters market. Technological innovation to further increase the efficiency of HEPA vacuum filters will create a huge opportunity for the market.
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Depending upon product type, the U.S. air filtration media market has been segmented into bag filters, HEPA/ULPA, dust filters, mid/high performance filters, and chemical filters. The report analyzes the market volume of each of these segments during the forecast period from 2013 to 2018. In terms of application, HEPA vacuum filters are used in various end-use sectors such as commercial, residential, metals, power, electronics, and others. A majority of the U.S. HEPA vacuum filters market is held by the residential and commercial segments. In 2011, the residential segment alone accounted for 21.1% of the U.S. HEPA vacuum filters market. With increased awareness about airborne infections and the need to filter indoor air, the residential segment is expected to exhibit healthy growth at a CAGR of 5.5% during the forecast period and record revenue of US$134.4 million by 2018.
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The report profiles the key market players of the U.S. HEPA vacuum filters market, mentioning their financial overview, business strategy, and product segmentation. 3M dominates the overall market with a majority share of 47.6%. Freudenberg Group, Filtrauto S.A, Donaldson Co. Inc., and Pall Corporation are some of the other prominent competitors in the U.S. HEPA vacuum filters market.
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