Fan Filter Unit Market Analysis | 2023-2028

Fan Filter Unit Market Analysis | 2023-2028

Fan Filter Unit Market Analysis | 2023-2028
Report code - SR1167 Delivery - 2 Weeks
Fan Filter Unit Market, Size, Share, Growth, Dynamics, Trends and Forecast Analysis: See more...

Market Insights

"The Fan Filter Unit Market was estimated at USD 463.84 million in 2022 and is likely to grow at a CAGR of 2.78% during 2023-2028 to reach USD 548.75 million in 2028".

Fan-Filter-Unit-Market-Insights

 

Market Dynamics

Introduction

The fan filter unit is defined as a type of motorized air filtering equipment. It is used to supply purified air to laboratories, cleanrooms, hospitals and microenvironments by removing hazardous airborne particles from recirculating air. Based on type, fan filter units can be categorized as high-efficiency filters, ultra-efficiency filters and coarse effect filters.

COVID-19 Impact

The covid-19 outbreak posed significant challenges on the industrial sector across geographies. It impacted the growth of the market negatively as imposition of lockdown and trade restrictions affected the product supply and demand amid pandemic.

Fan Filter Unit Market Report Overview

Market Size in 2028

USD 305.7 Million

Market Size in 2022

USD 305.7 Million

Market Growth (2023-2028)

CAGR of 2.78%

Base Year of Study

2022

Trend Period

2017-2021

Forecast Period

2023-2028

Market Drivers

The growth of the global market is primarily driven by increasing demand in various end-use industries including healthcare, food & beverage and electrical & electronics to provide clean airflow. Low installation cost of fan filter unit is another key factor propelling the market growth at a substantial rate. In addition to this, increasing investment on construction of minienvironments and special areas within ballroom clean spaces is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Application-Type Analysis

Healthcare, Food and Beverage, Microelectronics and Optics, Others

The healthcare segment is projected to register significant growth during the review period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

North America is projected to grow at a significant CAGR during the assessment period.

Application Trends

"The healthcare segment accounted for the largest market share in 2022 and is projected to register significant growth during the review period".

  • The market has been bifurcated into of healthcare, food and beverage, microelectronics and optics and others.
  • Under these, the healthcare segment accounted for the largest market share in 2022 and is projected to register significant growth during the review period. The market growth can be attributed to increasing demand for clean air in the healthcare facilities.

Regional Analysis

"The market in North America accounted for the largest market share in 2022 and is projected to grow at a significant CAGR during the assessment period".

  • The regional growth can be attributed to high product adoption rate and presence of key market players such as Huntair, Inc. (US) and Air System Components, Inc. (Krueger HVAC) (US).

Fan-Filter-Unit-Market-Regional-Analysis

 

Key Players

The following are the key players in the Fan Filter Unit Market (arranged alphabetically).

  • Air System Components, Inc. (Krueger HVAC) (The U.S),
  • Bassaire Ltd. (UK),
  • Fuji Electric Global (Japan),
  • Huntair, Inc. (The U.S),
  • Laminar Flow Inc (The U.S),
  • M+W High Tech Projects UK Ltd (UK),
  • Nicotra Gebhardt S.p.A. (Italy),
  • Pentagon Technologie (The U.S),
  • Shenzhen Blue Sea Qingyun Purification Technology Co., Ltd (China),
  • Shenzhen King Glory Purification Equipment (China),
  • Suzhou Antai Car Transport Limited Company (China), and
  • The Camfil Group (Sweden).

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Fan Filter Unit Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

Research Methodology

  • For calculating the market size, our analysts follow either a Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • We leverage the multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data.
  • More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

 

 

Frequently Asked Questions (FAQs)

The market size is expected to reach USD 548.75 million in the foreseeable future.

Increasing demand in various end-use industries to provide clean airflow, Low installation cost of fan filter unit, increasing investment on construction of minienvironments and special areas within ballroom clean spaces are the factors driving the growth of the market.

The healthcare segment accounted for the largest market share in 2022 and is projected to register significant growth.

The market is expected to witness an impressive growth of 2.78% CAGR in the coming years.

North America accounted for the largest market share in 2022 and is projected to grow at a significant CAGR.

Fan filter unit distributors, Fan filter unit suppliers, Fan filter unit manufacturers, Logistics organizations, Government bodies are the target audience in the market.