Global Residential Air Filter Market Size study & Forecast, by Filter Type (HEPA Filters, Activated Carbon Filters, Fibre Glass, Bag Filters, Others) and Regional Analysis, 2022-2029

Global Residential Air Filter Market Size study & Forecast, by Filter Type (HEPA Filters, Activated Carbon Filters, Fibre Glass, Bag Filters, Others) and Regional Analysis, 2022-2029

Global Residential Air Filter Market is valued at approximately USD 3.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2022-2029. A residential or household air filter is a tool for removing pollutants, germs, and airborne particles that are harmful to the environment and human health. These particles come in a number of forms, including fibres, mould, pollen, bacteria, viruses, powder, dust, and more. In order for air filters to work, filthy air must first be drawn in from the surroundings and forced through a filter medium made of tiny perforations. The filter media traps the undesired particles that are larger than the holes and separates them from the surrounding air. The air then exits the filter with a significantly lower particulate content. HVAC (heating, ventilation, and air conditioning) systems and air conditioners both contain residential air filters. The increasing demand for HVAC systems and growing awareness towards maintaining indoor AQI are key factors driving the market growth.

The increasing demand for HVAC systems worldwide is contributing towards the growth of the Global Residential Air Filter Market. For instance – as per Statista – in 2019, the global heating, ventilation, and air conditioning (HVAC) market was valued at USD 240.8 billion, and the market is further projected to USD 367.5 billion by 2030. Also, rising ambient air pollution levels and growing advancements in air filtration technologies would create a lucrative growth prospectus for the market over the forecast period. However, the high cost and frequent maintenance requirement of residential air filters stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Residential Air Filter Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players as well as increasing demand for air filters in households in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising pollution levels and increasing awareness towards maintaining indoor air quality in the region.

Major market player included in this report are:
Parker Hannifin Corporation
mannhummel group
Lydall-Gutsche GmbH & Co. Kg
Emerson Electric Co.
3M Company
Freudenberg Filtration Technologies SE & Co. KG
Camfil AB
Daikin Industries Ltd.
Purafil Inc.
Johnson Controls International plc

Recent Developments in the Market:
In December 2021, Camfil AB announced the establishment of a new manufacturing facility in Synergy Park located in Kilgore, Texas. The company planned to invest more than USD 50 million in the facility.

In February 2020, Parker HVAC Filtration, a division of Parker Hannifin Corporation, rolled out a new line of MICROPLEAT® high-efficiency filters intended for HVAC applications. The filters feature a media blend and a mini-pleat design that offers particulate removal, and dust-holding capacity.

Global Residential Air Filter Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Filter Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Filter Type:
HEPA Filters
Activated Carbon Filters
Fibre Glass
Bag Filters
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Parker Hannifin Corporation
mannhummel group
Lydall-Gutsche GmbH & Co. Kg
Emerson Electric Co.
3M Company
Freudenberg Filtration Technologies SE & Co. KG
Camfil AB
Daikin Industries Ltd.
Purafil Inc.
Johnson Controls International plc

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