Filters Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Filters Market
The global filters market size was valued at USD 100.22 billion in 2023 and is projected to grow from USD 105.03 billion in 2024 to USD 161.13 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period of 2024-2032.
The COVID-19 pandemic boosted the call for filters in healthcare, meals, and home sectors because of improved air and water quality concerns. However, supply chain disruptions and slowed commercial and automobile demand created challenges, impeding the filters market growth.
The filters marketplace is driven by growing health consciousness and calls for smooth air and water throughout industries, particularly in healthcare and home packages. Rising urbanization, stricter environmental rules, and increased industrial sports require efficient filtration.
Smart filters revolutionize filtration by integrating IoT gadgets for faraway tracking and manipulation. By reading actual-time data, these filters can expect upkeep desires proactively, lowering downtime and optimizing overall performance, expanding the filters market share globally. This generation integration complements the performance and reliability of filtration systems, ensuring gold-standard overall performance and minimizing disruptions.
Comprehensive Analysis of Filters Market
The filters marketplace is segmented by product kind—air, water, and gas filters—and via application, overlaying sectors such as oil & fuel, chemical compounds, pharmaceuticals, automotive, meals & beverage, and metallic & mining. Air filters lead because of the call for driving with the aid of harmful air pollution; at the same time, water filters are also critical in areas desiring clean water. Essential packages, particularly in oil & gasoline, rely heavily on all filter-out sorts, and every sector’s want for filtration structures drives the marketplace boom.
The North America region led the filters market by benefitting a size of USD 47.69 billion in 2023 due to the presence of prominent international manufacturers; North America holds a substantial marketplace proportion and is expected to guide at some point in the forecast length.
The leading players in the filters market significantly influence its growth trajectory and set industry standards. Key players, including DAIKIN INDUSTRIES, Ltd. (Japan), EATON CORPORATION plc (Ireland), DuPont (U.S.), MANN + HUMMEL (Germany), PARKER-HANNIFIN CORP (U.S.), Donaldson Company, Inc. (U.S.), Camfil (Sweden), Freudenberg Filtration Technologies SE & Co. KG (Germany), Lydall Gutsche GmbH & Co. KG (Germany), Cummins Inc. (U.S.), Evoqua Water Technologies LLC (U.S.), Veolia Water Technologies (France), 3M (U.S.), K&N Engineering, Inc. (U.S.), and Bry-Air (India), contribute to a competitive landscape, driving innovation and advancing filtration technology. These companies are pivotal in meeting the growing demand for efficient air, water, and gas filtration solutions across various sectors.
In September 2023, Parker Hannifin, a global chief in movement and management technology, launched the CDFX-B SAP-loose water barrier filter out, along with a filtration and circumstance tracking answer. The CDFX-B offers an easy-to-install solution that leverages advanced era to remove water and contaminants from fuel soundly.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2019-2032
Base Year
2023
Estimated Year
2024
Forecast Period
2024-2032
Historical Period
2019-2022
Growth Rate
CAGR of 5.5% over 2024 to 2032
Unit
Value (USD Billion)
Segmentation
By Product Type
Air
Water
Gas
By Application
Food & Beverage
Chemicals & Materials
Oil & Gas and Power
Pharmaceuticals/Medical
Metal & Mining
Automotive
Others
By Region
North America (By Product Type, By Application, By Country)
- U.S.
- Canada
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Global Filters Market Key Players Market Share Insights and Analysis, 2023
- 5. Global Filters Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Product Type (USD)
- 5.2.1. Air Filters
- 5.2.2. Water Filters
- 5.2.3. Gas Filters
- 5.3. By Application (USD)
- 5.3.1. Food & Beverage
- 5.3.2. Chemicals & Materials
- 5.3.3. Oil & Gas and Power
- 5.3.4. Pharmaceuticals/Medical
- 5.3.5. Metal & Mining
- 5.3.6. Automotive
- 5.3.7. Others
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Rest of the World
- 6. North America Filters Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Product Type (USD)
- 6.2.1. Air Filters
- 6.2.2. Water Filters
- 6.2.3. Gas Filters
- 6.3. By Application (USD)
- 6.3.1. Food & Beverage
- 6.3.2. Chemicals & Materials
- 6.3.3. Oil & Gas and Power
- 6.3.4. Pharmaceuticals/Medical
- 6.3.5. Metal & Mining
- 6.3.6. Automotive
- 6.3.7. Others
- 6.4. By Country (USD)
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Filters Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Product Type (USD)
- 7.2.1. Air Filters
- 7.2.2. Water Filters
- 7.2.3. Gas Filters
- 7.3. By Application (USD)
- 7.3.1. Food & Beverage
- 7.3.2. Chemicals & Materials
- 7.3.3. Oil & Gas and Power
- 7.3.4. Pharmaceuticals/Medical
- 7.3.5. Metal & Mining
- 7.3.6. Automotive
- 7.3.7. Others
- 7.4. By Country (USD)
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Filters Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Product Type (USD)
- 8.2.1. Air Filters
- 8.2.2. Water Filters
- 8.2.3. Gas Filters
- 8.3. By Application (USD)
- 8.3.1. Food & Beverage
- 8.3.2. Chemicals & Materials
- 8.3.3. Oil & Gas and Power
- 8.3.4. Pharmaceuticals/Medical
- 8.3.5. Metal & Mining
- 8.3.6. Automotive
- 8.3.7. Others
- 8.4. By Country (USD)
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Southeast Asia
- 8.4.6. Rest of Asia Pacific
- 9. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 9.1. DAIKIN INDUSTRIES, Ltd.
- 9.1.1. Overview
- 9.1.1.1. Key Management
- 9.1.1.2. Headquarters
- 9.1.1.3. Offerings/Business Segments
- 9.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.1.2.1. Employee Size
- 9.1.2.2. Past and Current Revenue
- 9.1.2.3. Geographical Share
- 9.1.2.4. Business Segment Share
- 9.1.2.5. Recent Developments
- 9.2. EATON CORPORATION plc
- 9.2.1. Overview
- 9.2.1.1. Key Management
- 9.2.1.2. Headquarters
- 9.2.1.3. Offerings/Business Segments
- 9.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.2.2.1. Employee Size
- 9.2.2.2. Past and Current Revenue
- 9.2.2.3. Geographical Share
- 9.2.2.4. Business Segment Share
- 9.2.2.5. Recent Developments
- 9.3. DuPont
- 9.3.1. Overview
- 9.3.1.1. Key Management
- 9.3.1.2. Headquarters
- 9.3.1.3. Offerings/Business Segments
- 9.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.3.2.1. Employee Size
- 9.3.2.2. Past and Current Revenue
- 9.3.2.3. Geographical Share
- 9.3.2.4. Business Segment Share
- 9.3.2.5. Recent Developments
- 9.4. MANN + HUMMEL
- 9.4.1. Overview
- 9.4.1.1. Key Management
- 9.4.1.2. Headquarters
- 9.4.1.3. Offerings/Business Segments
- 9.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.4.2.1. Employee Size
- 9.4.2.2. Past and Current Revenue
- 9.4.2.3. Geographical Share
- 9.4.2.4. Business Segment Share
- 9.4.2.5. Recent Developments
- 9.5. PARKER-HANNIFIN CORP
- 9.5.1. Overview
- 9.5.1.1. Key Management
- 9.5.1.2. Headquarters
- 9.5.1.3. Offerings/Business Segments
- 9.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.5.2.1. Employee Size
- 9.5.2.2. Past and Current Revenue
- 9.5.2.3. Geographical Share
- 9.5.2.4. Business Segment Share
- 9.5.2.5. Recent Developments
- 9.6. Donaldson Company, Inc.
- 9.6.1. Overview
- 9.6.1.1. Key Management
- 9.6.1.2. Headquarters
- 9.6.1.3. Offerings/Business Segments
- 9.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.6.2.1. Employee Size
- 9.6.2.2. Past and Current Revenue
- 9.6.2.3. Geographical Share
- 9.6.2.4. Business Segment Share
- 9.6.2.5. Recent Developments
- 9.7. Camfil
- 9.7.1. Overview
- 9.7.1.1. Key Management
- 9.7.1.2. Headquarters
- 9.7.1.3. Offerings/Business Segments
- 9.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.7.2.1. Employee Size
- 9.7.2.2. Past and Current Revenue
- 9.7.2.3. Geographical Share
- 9.7.2.4. Business Segment Share
- 9.7.2.5. Recent Developments
- 9.8. Freudenberg Filtration Technologies SE & Co. KG
- 9.8.1. Overview
- 9.8.1.1. Key Management
- 9.8.1.2. Headquarters
- 9.8.1.3. Offerings/Business Segments
- 9.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.8.2.1. Employee Size
- 9.8.2.2. Past and Current Revenue
- 9.8.2.3. Geographical Share
- 9.8.2.4. Business Segment Share
- 9.8.2.5. Recent Developments
- 9.9. Lydall Gutsche GmbH & Co. KG
- 9.9.1. Overview
- 9.9.1.1. Key Management
- 9.9.1.2. Headquarters
- 9.9.1.3. Offerings/Business Segments
- 9.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.9.2.1. Employee Size
- 9.9.2.2. Past and Current Revenue
- 9.9.2.3. Geographical Share
- 9.9.2.4. Business Segment Share
- 9.9.2.5. Recent Developments
- 9.10. Cummins Inc.
- 9.10.1. Overview
- 9.10.1.1. Key Management
- 9.10.1.2. Headquarters
- 9.10.1.3. Offerings/Business Segments
- 9.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.10.2.1. Employee Size
- 9.10.2.2. Past and Current Revenue
- 9.10.2.3. Geographical Share
- 9.10.2.4. Business Segment Share
- 9.10.2.5. Recent Developments
- 9.11. Evoqua Water Technologies LLC
- 9.11.1. Overview
- 9.11.1.1. Key Management
- 9.11.1.2. Headquarters
- 9.11.1.3. Offerings/Business Segments
- 9.11.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.11.2.1. Employee Size
- 9.11.2.2. Past and Current Revenue
- 9.11.2.3. Geographical Share
- 9.11.2.4. Business Segment Share
- 9.11.2.5. Recent Developments
- 9.12. Veolia Water Technologies
- 9.12.1. Overview
- 9.12.1.1. Key Management
- 9.12.1.2. Headquarters
- 9.12.1.3. Offerings/Business Segments
- 9.12.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.12.2.1. Employee Size
- 9.12.2.2. Past and Current Revenue
- 9.12.2.3. Geographical Share
- 9.12.2.4. Business Segment Share
- 9.12.2.5. Recent Developments
- 9.13. 3M
- 9.13.1. Overview
- 9.13.1.1. Key Management
- 9.13.1.2. Headquarters
- 9.13.1.3. Offerings/Business Segments
- 9.13.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.13.2.1. Employee Size
- 9.13.2.2. Past and Current Revenue
- 9.13.2.3. Geographical Share
- 9.13.2.4. Business Segment Share
- 9.13.2.5. Recent Developments
- 9.14. K&N Engineering, Inc.
- 9.14.1. Overview
- 9.14.1.1. Key Management
- 9.14.1.2. Headquarters
- 9.14.1.3. Offerings/Business Segments
- 9.14.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.14.2.1. Employee Size
- 9.14.2.2. Past and Current Revenue
- 9.14.2.3. Geographical Share
- 9.14.2.4. Business Segment Share
- 9.14.2.5. Recent Developments
- 9.15. Bry-Air
- 9.15.1. Overview
- 9.15.1.1. Key Management
- 9.15.1.2. Headquarters
- 9.15.1.3. Offerings/Business Segments
- 9.15.2. Key Details (Key details are consolidated data and not product/service specific)
- 9.15.2.1. Employee Size
- 9.15.2.2. Past and Current Revenue
- 9.15.2.3. Geographical Share
- 9.15.2.4. Business Segment Share
- 9.15.2.5. Recent Developments
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook