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Showing posts with the label Filters Market

Filters Industry to Grow Substantially at CAGR of 5.1% from 2023-2030

  Filters Industry Forecasts 2023-2030 Filters Industry Data Book - Mobil & Engine Filters, Hydraulic & Lube Filters, Process Filters, Industrial Air Filters, North America HVAC Filters, Air Pollution Control System, Compressed Air Dryers and Compressed Air Filters Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030   Filters Industry Outlook The economic value generated by the filters industry was estimated at approximately USD 75.5 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of filters, distribution & supply, and aplication of filters.   Asia Pacific dominated the market in 2022 with a revenue share of over 43%. Robust manufacturing bases in the region, specifically in China and India have provided accelerating growth to the regional industrial output with major manufacturing operations including the production of automobiles, machinery, electrical & electronics,...

Filters Market size is expected to reach USD 112.87 billion by 2030

  Filters Industry Overview The global filters market size was estimated at USD 72.33 billion in 2021 and is expected to grow at a compounded annual growth rate (CAGR) of 5.1% from 2022 to 2030. Growing emphasis on the reduction of emissions from automotive and industrial applications is expected to drive market growth over the forecast period. An increase in product usage in several consumer goods, such as air and water purifiers, is expected to have a positive impact on the industry growth. The rapidly growing adoption of air purifiers in homes, hotels, restaurants, airplanes, and train compartments for killing harmful microbes, such as bacteria and viruses, is expected to open new opportunities for market growth. Gather more insights about the market drivers, restrains and growth of the Global Filters Market The market in the U.S. is expected to exhibit high growth on account of factors rising product demand from the automotive industries as per the environmental...