USD 15.4 billion
Report ID:
SQMIG20F2011 |
Region:
Global |
Published Date: December, 2024
Pages:
274
|Tables:
63
|Figures:
74
Air Filters Market size was valued at USD 16.37 Billion in 2023 and is poised to grow from USD 17.4 Billion in 2024 to USD 28.37 Billion by 2032, growing at a CAGR of 6.30% during the forecast period (2025-2032).
Disorders and health issues are brought on by the presence of dust and pollution, a constant concern in today's environment. An air filter is a tool that has numerous layers of porous and fibrous materials incorporated in it to help filter out dust, pollen, and other material particles from the air being circulated. HEPA and ULPA air filters, for example, get rid of tiny, poisonous, and gaseous contaminants that are invisible to the naked eye.
The market is anticipated to be driven by rising airborne illnesses and rising urban pollution levels. In addition, greater health consciousness is anticipated to support market expansion, along with an improving standard of life and rising disposable income. As a result of the lockdown measures put in place by the governments of many nations in anticipation of the COVID-19 pandemic starting in 2019, sales of equipment like air purifiers, cleaning appliances, cooking appliances, and water filtration devices have increased. Global sales of air purifiers have surged as a result of growing awareness of healthy living.
The market value will increase as a result of increased demand for cabin comfort mechanisms and rising levels of expenditure in research and development. Along with increasing technological advancements in HVAC systems, rising demand for components that support maintaining a high standard of hygiene will also open up significant growth potential for the industry. Increased consumer awareness of the collapsing air index mass or air quality as well as rising acceptance and familiarity with the distribution of filtered air will support market expansion.
US Air Filters Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 15.4 billion
Largest Segment
HEPA technology
Fastest Growth
HEPA technology
Growth Rate
6.30% CAGR
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Global Air Filters Market is segmented by Type, End User, and region. Based on Type, the market is segmented into Cartridge filters, Dust collector, HEPA filters, Baghouse filters, and Others. Based on End User, the market is segmented into Residential, Commercial, and Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Air Filters Market Analysis by Technology
In 2021, the HEPA technology sector accounted for more than 40.0 percent of global revenue and is anticipated to expand significantly over the study period. Smoke, pollen, dust, and other airborne pollutants can all be effectively captured by HEPA filters.
Small bits of carbon in the form of powdered blocks or granules that have been properly treated with oxygen to open the pores of the carbon atoms make up activated carbon or activated charcoal filters. As a result, the carbon becomes more porous and has a larger surface area, which improves its capacity to capture airborne particles. With the help of these filters, odours and gases from cooking, mould, chemicals, pets, and smoke can be absorbed.
Over the forecast period, the ionic filters market is anticipated to grow at a CAGR of 6.8%. Since ionic filters do not need to be changed frequently, their market share is growing. However, the production of ionised air and ozone during the purification process is to blame for the development of respiratory conditions like asthma, which is likely to restrict the use of the technology. Ozone generation, photocatalytic oxidation, UV radiation, non-thermal plasma, and electrostatic precipitators are further air purification techniques.
Air Filters Market Analysis by Product
In 2021, the commercial segment dominated the market and accounted for more than 50% of total sales. Hospitals, workplaces, hotels, schools, theatres, malls, conference centres, and other leisure facilities are among the commercial settings where air purifiers are used. Hotels and restaurants utilise air purifiers with activated carbon and HEPA to remove smoke, odour, and airborne particles from the air, enhancing the quality of the air in the spaces. In order to maintain indoor air quality for both patients and staff working in these facilities, allergens, airborne pathogens, and odour are removed from the air using air purifiers in dentistry and medical laboratories, veterinary hospitals, boarding kennels, animal kennels, clinics, and hospitals. Commercial premises have air purifiers installed in order to preserve the quality of the indoor air. Moreover, during the projection period, rising urbanisation is anticipated to fuel the segment's expansion.
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In 2021, Asia Pacific dominated the market and generated more than 40.0 percent of worldwide revenue. The region is also anticipated to dominate the global market due to a number of variables, such as increased industrialisation, rapid urbanisation, rising population, and greater disposable income. In addition to this, the area has a significant natural resource reserve that draws businesses to locate production facilities there, increasing air pollution in the area and driving up demand for air purifiers.
Additionally, it is anticipated that rising smog and air pollution incidents, particularly in nations like China and India, will raise the usage of air purifiers and support regional market expansion.
The ecological balance and air quality in South Korea have been harmed by reasons such as expanding urbanisation, governmental decisions, and increasing industrialization.Growing public awareness of illnesses and health risks brought on by exposure to harmful particulates at work or home is anticipated to have a positive effect on the country's market expansion.
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Top Players in the Global Air Filters Market
Air Filters Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by technology, the HEPA segment is estimated to have the largest share of the market with more than 40% of the global revenue share. By application, the commercial held the largest share of market by 50%.The market for air purifiers is being driven by growing concern over airborne infections. Consumers are encouraged to purchase air purifiers for both business and residential areas due to a surge in health problems including asthma, allergies, and other breathing disorders brought on by airborne infections. Region-wise, Asia Pacific dominated the global market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 15.4 billion |
Market size value in 2031 | USD 26.69 billion |
Growth Rate | 6.30% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Air Filters Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Air Filters Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Filters Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Air Filters Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20F2011
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