Ring Panel Filters Market Size, Share, Reports Analysis & Forecast | FMI

ByNiranjan karde

The global ring panel filters market is poised for substantial growth, with an anticipated value of US$ 15 billion in 2022. This value is projected to increase at a Compound Annual Growth Rate (CAGR) of 5.2%, reaching a valuation of US$ 25 billion from 2022 to 2032. The growth of this market is driven by an escalation in disposable income, elevating living standards and subsequently boosting the demand for ring panel filters.

Ring panel filters find applications in various settings, including commercial buildings, industrial plants, hospitals, and paint spray booths. Their advantages over traditional frame filters contribute to their growing popularity. These filters offer high dust collection capacity, catering to diverse needs.

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Comprising three distinct layers, these filters are characterized by efficiency and durability. The first layer serves as a high porosity impingement filter, while the second layer utilizes strainers to prevent unloading or streaming. Their extended lifespan, nearly three times longer than fiberglass disposable filters, makes them a cost-effective and efficient choice. As industries prioritize air quality and filtration, the ring panel filters market is set to flourish further.

Key Points: 

  • Global ring panel filters market value to hit $15 billion in 2022, projected to grow at a 5.2% CAGR to reach $25 billion by 2032.
  • Increased demand for ring panel filters attributed to rising disposable income and improved living standards.
  • Ring panel filters find applications in various settings, including commercial buildings, hospitals, and industrial plants.
  • Their advantages over traditional frame filters include high dust collection capacity and longer lifespan.
  • 3-ply filters are expected to drive market growth due to their efficiency in removing particulate matter and improving air quality.

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Key Segments:

By Layer:

  • 2-ply
  • 3-ply
  • More than 3-ply

By End Use:

  • Commercial Buildings
  • Industrial Plants
  • Hospitals
  • Schools & Universities
  • Other End Uses (Paint Spray Booths, etc.))

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa