| Product Code: ETC4491325 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India panel filters market showed a steady expansion with a CAGR of 4.8% from 2020 to 2024. However, growth slowed slightly between 2023 and 2024 with a decline of -3.7%. Overall, the market exhibited positive momentum but experienced a minor contraction towards the end of the period.
The India Panel Filters Market is witnessing significant growth due to increasing industrialization and a growing emphasis on air quality control. Panel filters are essential components in air purification systems, particularly in HVAC and industrial applications. They help in removing airborne particles and contaminants, contributing to cleaner and healthier indoor environments. With the rise in manufacturing industries, commercial establishments, and infrastructure development projects, the demand for panel filters has been steadily increasing.
The India Panel Filters Market is on the rise due to the increasing awareness of air quality and the need for efficient air filtration solutions. The primary driver is the growing concern about indoor and outdoor air pollution, which has led to greater emphasis on clean and healthy air environments. Panel filters are integral in HVAC systems and air purification devices to trap particulate matter and contaminants, thereby improving air quality. With urbanization and industrialization leading to higher pollution levels, there is a rising demand for panel filters in residential, commercial, and industrial settings. Additionally, the adoption of smart and IoT-enabled air filtration systems is contributing to market growth.
Challenges in the panel filters market include ensuring high filtration efficiency and product reliability. Meeting the air quality and filtration requirements of various industries and applications is a significant challenge.
The India Panel Filters market, used in air filtration systems, experienced a mixed impact. While demand from healthcare and cleanroom facilities increased, other industries faced a decline. The market adapted to the changing needs of the pandemic.
Key players like Camfil and AAF India are influential in India panel filters market. These companies are recognized for their production of high-quality panel filters used in air filtration systems across various industries, ensuring clean and healthy air environments.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Panel Filters Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Panel Filters Market Revenues & Volume, 2021 & 2031F |
3.3 India Panel Filters Market - Industry Life Cycle |
3.4 India Panel Filters Market - Porter's Five Forces |
3.5 India Panel Filters Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 India Panel Filters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Panel Filters Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Panel Filters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and urbanization in India leading to higher demand for panel filters in various sectors such as manufacturing, automotive, and commercial buildings. |
4.2.2 Rising awareness about air pollution and the importance of clean air, driving the adoption of panel filters for air purification. |
4.2.3 Implementation of stringent environmental regulations by the Indian government, mandating the use of panel filters in industries and commercial spaces to control emissions and maintain air quality. |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials used in panel filter manufacturing, affecting the overall production costs and pricing of panel filters. |
4.3.2 Competition from unorganized sector manufacturers offering low-cost alternatives to panel filters, posing a challenge to established players in the market. |
4.3.3 Disruption in the supply chain due to logistical issues or trade restrictions, impacting the availability of panel filters in the market. |
5 India Panel Filters Market Trends |
6 India Panel Filters Market, By Types |
6.1 India Panel Filters Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 India Panel Filters Market Revenues & Volume, By Material, 2021-2031F |
6.1.3 India Panel Filters Market Revenues & Volume, By Fiberglass, 2021-2031F |
6.1.4 India Panel Filters Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 India Panel Filters Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Panel Filters Market Revenues & Volume, By Disposable, 2021-2031F |
6.2.3 India Panel Filters Market Revenues & Volume, By Reusable, 2021-2031F |
6.3 India Panel Filters Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Panel Filters Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 India Panel Filters Market Revenues & Volume, By Non-Residential, 2021-2031F |
7 India Panel Filters Market Import-Export Trade Statistics |
7.1 India Panel Filters Market Export to Major Countries |
7.2 India Panel Filters Market Imports from Major Countries |
8 India Panel Filters Market Key Performance Indicators |
8.1 Air quality index (AQI) in major cities across India, indicating the level of pollution and the potential demand for panel filters. |
8.2 Number of new industrial projects and construction activities in key sectors, reflecting the growth potential for panel filter installations. |
8.3 Adoption rate of energy-efficient HVAC systems in commercial buildings, influencing the demand for high-quality panel filters to maintain system efficiency. |
9 India Panel Filters Market - Opportunity Assessment |
9.1 India Panel Filters Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 India Panel Filters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Panel Filters Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Panel Filters Market - Competitive Landscape |
10.1 India Panel Filters Market Revenue Share, By Companies, 2024 |
10.2 India Panel Filters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |