Fan Filter Unit Market Growth & Forecast
Fan Filter Unit Market, Size, Share, Growth, Dynamics, Trends and Forecast Analysis - 2021-2026.
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.
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 operating in the market are
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.
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.
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).
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.
Here is the list of the group of customers that the fan filter unit market hopes to have the greatest opportunity to convert-
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The market size is expected to reach USD 514.0 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 2020 and is projected to register significant growth.
The market is expected to witness an impressive growth of 2.9% CAGR in the coming years.
North America accounted for the largest market share in 2020 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.