Canada Furnace Filters Market to Surpass $ 237 Million By 2023: TechSci Research
Rising air pollution levels and growing incidences of airborne diseases coupled with extremely cold temperatures to drive Canada furnace filters market through 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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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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