The ring panel filters market is projected to reach a value of US$ 15 billion in 2022 and then increase at a CAGR of 5.2% to reach US$ 25 billion by 2032. The demand for ring panel filters has increased as a result of rising disposable income and improving living standards, which has led to the expansion of the market for ring panel filters.
In addition to other locations, ring panel filters are employed in commercial structures, manufacturing facilities, hospitals, and paint spray booths. Filters with ring panels have a variety of benefits over filters with frames. These filters are quite effective in collecting dust.
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Three separate layers make up ring panel filters, the first of which acts as a high porosity impingement filter. Strainers are employed in the second layer to stop emptying and flowing. Filters made of ring panels are very effective and last three times as long as disposable fibreglass filters.
Another significant driver propelling the worldwide ring panel filters market is the development in urbanisation, which results in higher demand for ring panel filters in locations like corporate offices and hypermarkets. The global ring panel filter market is anticipated to expand at a CAGR of 5.5% over the course of the projected period. The market is expanding as a result of the rising demand for air quality management solutions across numerous industries and applications.
The market is expanding as a result of increased consumer knowledge of the benefits of adopting ring panel filters. Two categories of ring panel filters can be found on the global market: 2-ply, 3-ply, and more than 3-ply filters. 3-ply filters are anticipated to increase in popularity due to its great efficiency in eliminating particulate matter from air streams.
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Market Competition
The worldwide ring panel filters market is moderately consolidated. Few of the key participants present in the global Ring Panel Filters market include Air Filters, Inc., IF International Filtration, American Air Filter Company, Inc., Bruce Air Filter Company, Clarcor Industrial Air Inc., Delta Filtration Company, Donaldson Company, Inc., Spectrum Filtration Pvt. Ltd, Koch Filter Corporation and Mann Hummel Group among others.
Many well-known as well as new players account for a sizable share of the abovementioned market. They have used a variety of strategies to gain a stronghold on the market, including partnerships, mergers and acquisitions, joint ventures, expansions, and more.
Key Players:
- Air Filters, Inc.
- IF International Filtration
- American Air Filter Company, Inc.
- Bruce Air Filter Company
- Clarcor Industrial Air Inc.
- Delta Filtration Company
- Donaldson Company, Inc.
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Key Segments Profiled in the Global Ring Panel Filters Industry Survey
Ring Panel Filters Market by Layer:
- 2-ply Ring Panel Filters
- 3-ply Ring Panel Filters
- More than 3-ply Ring Panel Filters
Ring Panel Filters Market by End Use:
- Ring Panel Filters for Commercial Buildings
- Ring Panel Filters for Industrial Plants
- Ring Panel Filters for Hospitals
- Ring Panel Filters for Schools & Universities
- Ring Panel Filters for Other End Uses (Paint Spray Booths, etc.))
Ring Panel Filters Market by Region:
- North America Ring Panel Filters Market
- Latin America Ring Panel Filters Market
- Europe Ring Panel Filters Market
- Asia Pacific Ring Panel Filters Market
- Middle East & Africa Ring Panel Filters Market
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