Published: Aug, 2016
The U.S. high efficiency particulate air (HEPA) vacuum filters market displays a high degree of concentration with the top three players collectively holding close to 70% of the market in 2013, states a new report by Transparency Market Research (TMR). These companies are 3M, Pall Corporation, and Filtrauto S.A.
“Product innovation is one of the key growth strategies that leading players in this market are focused on,” said a TMR analyst. This is mainly to offset price differentiation challenges owing to the oligopolistic nature of this market. The long-established presence of large corporations such as Filtrauto S.A. and 3M challenges the entry of new players in the U.S. HEPA vacuum filters market, adds the analyst. The U.S. HEPA vacuum filters market is expected to reach a valuation of US$621.3 mn by 2018. In terms of volume, this market is forecast to reach 31.9 kilo tons in 2018.
Measures to Combat Asthma, Dust Allergies in U.S. Favor Market Growth
“The increasing incidence of asthma and allergies in the U.S. is boosting the growth of the HEPA vacuum filters market,” says the TMR analyst. In the U.S., currently, 60 million individuals suffer from asthma and allergies. This number is expected to surpass 100 million by 2025. The increasing prevalence of asthma will thus result in the growth of the HEPA vacuum filters market.
The growing awareness about airborne infectious diseases in medical practices is also propelling the growth of this market. The increasing awareness about the harmful effects of airborne diseases is leading to an increased focus on the design aspect of hospitals for proper ventilation so as to control airborne contaminants. Moreover, several specialized medical procedures require effective air purification systems which HEPA filters provide. The exponential growth of the healthcare sector in the U.S., which contributes a significant revenue chunk to the U.S. economy, will boost the demand for HEPA filters in the U.S. This is because rapid technological innovations and their ready acceptance of the same will drive the demand for innovative products in healthcare practices in the U.S.
Increased enforcement of air quality standards across industries due to concerns of health and safety is also driving the U.S. HEPA vacuum filters market. The high concentration of combustible dust and allergic dust in industrial environments has necessitated the installation of efficient air filtration devices. In this regard, government regulatory authorities such as the National Fire Protection Agency (NFPA), have implemented strict mandates for the prevention of dust explosions.
Manufacture of Inferior Quality HEPA Filters Hampers Market Growth
The high price factor of HEPA filters compared to other filters is impeding the growth of this market. Because of this, some ordinary manufacturers are manufacturing low cost filters to sell them as HEPA filters. Moreover, in developing economies, end users prefer cost-effective products that can meet all their filtration needs. Hence, product manufacturers need to offer competitive prices in order to be successful in this highly competitive marketplace.
The inclusion of additional capabilities in HEPA filters holds promise for the growth of the U.S. HEPA vacuum filters market. Consumers’ growing acceptance for newer technologies is opening up scope for the acceptance of HEPA filters with additional capabilities. This includes adding capability to absorb volatile organic compounds using specific materials.
On the basis of application, the residential sector held 21.0% of the overall market in 2011. However, the commercial segment leads the market in terms of volume accounting for almost 22.8% of the U.S. HEPA vacuum filters market in 2011.
The information presented in this review is based on the report, “U.S. HEPA (High Efficiency Particulate Air) Vacuum Filters Market - United States Industry Analysis, Size, Share And Forecast, 2010 - 2018.”
The U.S. HEPA Vacuum Filters Market is segmented as follows:
U.S. HEPA Vacuum filters market by Application
- Other Industrial
U.S. Air Filtration Media Market by Product Type
- Bag Filters
- Mid/High Performance filters
- Dust Filters
- Chemical Filters
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