Fan Filter Unit Market Growth & Forecast

Market Insights

The fan filter unit market is projected to grow from USD 435.1 million in 2020 to USD 514.0 million by 2026 at a CAGR of around 2.9% during the forecast period.

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What is a fan filter unit?

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.

Key Players

Key players operating in the market are

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

Market Dynamics

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

Application Trends

By application, 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 2020 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 Trends

By region, the market in North America accounted for the largest market share in 2020 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).

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.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the fan filter unit market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

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