Canada Furnace Filters Market to Surpass $ 237 Million By 2023
According to TechSci Research report, “Canada Furnace Filters Market By Filter Category, By Filter Type, By End Use,
Competition Forecast & Opportunities, 2013 – 2023”,
furnace filters market in Canada is projected to reach $ 238 million by 2023.
Growing industrialization leading to higher density of pollutants in the lower
troposphere and rising occurrences of airborne diseases are fueling growth in
the country’s furnace filters market. Additionally, increasing consumer
concerns regarding indoor air quality and related health diseases have resulted
in the introduction of various sustainability plans such as Green City till
2020, which in turn, is expected to boost demand for furnace filters in the
country over the coming years.
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Filters Market"
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Measures
taken by regulating bodies such as Ontario Health Technology Advisory Committee
(OHTAC) and CDC to reduce the concentration of airborne particles (Tubercle bacilli) would further drive
the market demand for furnace filters in the coming years. HEPA filters are
being widely used by hospitals and research facilities due to their ability to
remove particles smaller than 0.3 micron. Consequently, HEPA filers segment accounts
for the largest share in Canada furnace filters market. On the basis of filter
category, the market has been broadly segmented into cleanable and
non-cleanable filters. Besides offering ease of use and long shelf life, the cleanable
filters come with a membrane which can be easily replaced and does not need any
technical supervision.
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Companies such as Honeywell
International Inc., 3M Canada, American Air Filter Company Inc., Camfil
(Canada) Inc., and Koch Filter Corporation are expected to remain the market
leaders until 2023, predominantly on account of their continuous R&D efforts.
“Rising discretionary income, increasing focus towards sustainability and low
carbon footprint generating products, coupled with growing percentage of
children being affected by asthma and bronchitis is expected to augment demand
for furnace filters in Canada. Also, increasing number of industrial set-ups in
Ontario are expected to create numerous growth opportunities for furnace filter
companies in the country during the forecast period”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm.
“Canada Furnace Filters Market By Filters Category, By
Filters Type, By End Use, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of Canada
furnace filters market and provides statistics and information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Canada furnace filters market.
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