Air Filters Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Air Filters Market
The Air Filters market size was valued at USD 14.68 billion in 2023, and the market is now projected to grow from USD 15.69 billion in 2024 to USD 25.69 billion by 2032, exhibiting a CAGR of 7.3% during the forecast period of 2023-2030.
Amidst the COVID-19 pandemic, several industries are adversely affected. The marketplace inside the HVAC machine industry is one of the much less affected markets because of the rise inside the significance of sparkling air.
With the increase of the car enterprise, there may be a vast call for for installation of filters in all vehicles, in the long run influencing its call for. The increase is motivated through the traits which includes vehicle miles driven, automobile parks, and filters embedded within the vehicles. Apart from this, the excessive demand for those filters within the car industry is as a result of their benefits for aftermarket offerings. The filters are mainly utilized to easy the internal combustion engines and improve efficiency at the same time as defensive car engine components from harmful dirt particles. The filter aims to stress the air imbibed via the engine throughout a chain of strokes. This outcomes in Air Filters market growth.
The producers are competing based totally on dust-preserving ability, uniform air-waft deliver, and filtering performance. The quit-user is turning closer to sustainable alternatives, including the utilization of washable and reusable air purifiers.
Comprehensive Analysis of Air Filters Market
The Air Filters market is rising at an exponential charge due to its marketplace segmentation. Based on type, the market is segmented into , including mist filters, baghouse filters, cartridge filters, HEPA filters, dust collectors, and others. Based on the end-user, the market can be divided into industrial, commercial, and residential end-users, wherein the industrial sector holds the major share.
North America has the largest Air Filters market share. North America held the highest element inside the marketplace percentage as a result of the development of the car industry within the vicinity. Furthermore, the call for for these filters is fostered by way of the growth in preventive measures undertaken by using the American Government to conquer the challenges because of air pollutants from the manufacturing industries.
The top players in the market play a crucial role in the Air Filters industry assuring industrial prospectus growth and setting market standards. These players include, Daikin Industries, Ltd. (Japan), Camfil (Sweden), MANN+HUMMEL (Germany), Parker Hannifin Corp (U.S.), Cummins, Inc. (U.S.), Donaldson Company, Inc. (U.S.), Freudenberg Filtration Technologies SE & Co. KG (Germany), SPX Flow, Inc. (U.S.), Absolent Group AB (publ) (Sweden), Lydall Gutsche GmbH & Co. Kg (Germany), and Purafil, Inc. (U.S.).
In December 2021, Freudenberg Filtration Technologies SE & Co. KG strengthens its U.S. Presence through obtaining RPS Products. The employer manufactures and sells air filters for office and home buildings via stores. Freudenberg Filtration Technologies SE & Co. KG is expanding its presence in North America with investments in new enterprise fields.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019 – 2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023 – 2030
Historical Period 2019 – 2021
Growth Rate CAGR of 7.3% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Type, End-User, and Geography
By Type Cartridge Filters
Dust Collector
HEPA Filters
Baghouse Filters
Others (Mist Filters and others)
By End-User Residential
Commercial
Industrial
- Automotive
- Chemical
- Gas Turbines
- Semiconductors
- Pharmaceuticals
- Healthcare
- Others (Food & Beverage and others)
By Region North America (By Type, End-User, and Country)
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
Europe (By Type, End-User, and Country)
- U.K. (By Type)
- Germany (By Type)
- France (By Type)
- Rest of Europe
Asia Pacific (By Type, End-User, and Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Southeast Asia (By Type)
- Rest of Asia Pacific
Middle East and Africa (By Type, End-User, and Country)
- South Africa (By Type)
- GCC (By Type)
- Rest of the Middle East and Africa
South America (By Type, End-User, and Country)
- Brazil (By Type)
- Rest of South America
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