Dec 08th, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fan Filter Unit Market.
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.
Fan filter unit is defined as type of motorized air filtering equipment. It is used to supply purified air to the laboratories, cleanrooms, hospitals and microenvironment by removing hazardous airborne particles from recirculating air. Based on type, fan filter unit can be categorized as high efficiency filter, ultra efficiency filter and coarse effect filter.
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By application, the fan filter unit 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).
COVID-19 Impact on Fan Filter Unit Market
The covid-19 outbreak posed significant challenges on the industrial sector across geographies. It impacted the growth of the fan filter unit market negatively as imposition of lockdown and trade restrictions affected the product supply and demand amid pandemic.
Key players operating in the Fan Filter Unit 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).
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Features of the Report
This report offers high-quality insights and is the outcome of 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.
The Fan Filter Unit Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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