PUNE, India, April 19, 2017 /PRNewswire-iReach/ -- ReportsnReports.com includes Global HEPA Filters Market 2017-2021 new research report. This report covers the present scenario and the growth prospects of the global HEPA filters market for 2017-2021. To calculate the market size, the report considers top vendors in the market have been selected based on our perception of their importance in the development of the global HEPA filters market.
Complete report on HEPA filters market spread across 70 pages, analyzing 4 major companies and providing 27 data exhibits is now available at http://www.reportsnreports.com/reports/958236-global-hepa-filters-market-2017-2021.html .
The analysts forecast global HEPA filters market to grow at a CAGR of 3.52% during the period 2017-2021. One trend in the market is penetration of HEPA filters in microelectronics industry. Technology nodes in the semiconductor industry have reached the 14-nm size and below in the most advanced semiconductor fabs. Node is the smaller critical dimension (CD) that can be printed into patterns by lithography processes to form a transistor, which is the most important component of any electronic device."
According to the report, one driver in the market is increasing efficiency and durability of gas turbines. The increasing efficiency of gas turbines is projected to drive their adoption for HEPA filter applications. Stringent carbon emission regulations worldwide, focus on high performance and lower power generating cost, and volatility in fuel costs are driving demand for highly efficient gas turbines. Major gas turbine manufacturers such as GE and Siemens are investing heavily in the development of high-efficiency gas turbines. The 9HA/7HA-series CCGT, developed by GE's Power and Water division, and SGT5-8000H, developed by Siemens, have more than 60% efficiency levels in a combined cycle configuration. Both turbines are categorized as the H-class gas turbines. The constant pursuit of higher efficiency by major manufacturers focusing on capturing the untapped potential of this market will support the its growth.
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Key players in the global HEPA filters market: American Air Filter, Camfil Power Systems, W. L. Gore & Associates, and Troy Filters. Other Prominent Vendors in the market are: Advanced Filtration Concepts, Ahlstrom, Koch Filter, Nederman Pneumafil, and Donaldson.
In the present scenario, with a rapid shift toward gas turbine and natural-gas-driven power plants in pursuit of cleaner modes of power generation, the reliance on natural gas is continuously increasing. At present, with low prices of natural gas, the prospects of over-reliance on natural gas for power generation look less harmful. However, going by the historical trend of natural gas prices, as illustrated in the graph, the over-reliance on natural gas will expose consumers to high natural gas prices, prompted by its growing demand and recovery of crude oil prices. Utilities must take the first effect of such increase in natural gas prices on themselves before consumers being overburdened with power prices. Fluctuations in raw material price can affect the gas turbine market, which will subsequently impact the market for HEPA filter systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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