Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 15.2 Billion |
Market Size Value In 2023 | USD 16.3 Billion |
Growth Rate | 7.50% (2023-2032) |
Air Filters Market Size was valued at USD 15.2 Billion in 2022. The Air filters market industry is projected to grow from USD 16.3 Billion in 2023 to USD 29.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2024 - 2032). Increasing awareness of air pollution, health and wellness concerns, stringent air quality regulations, urbanization and industrialization, growing HVAC systems market, technological advancements, increasing disposable income, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market for air filters is significantly influenced by the expanding HVAC (Heating, Ventilation, and Air Conditioning) systems market. In order to offer comfort and maintain indoor air quality, HVAC systems are frequently employed in residential, commercial, and industrial buildings. The demand for air filters is being fueled by the growing installation of HVAC systems.
By controlling temperature, humidity, and airflow, HVAC systems are essential for ensuring a comfortable and healthy indoor environment. An essential aspect of HVAC systems, air filters help to improve indoor air quality by removing dust, pollen, allergens, and other airborne particles. The need for air filters in HVAC systems is expanding as people become more conscious of the value of clean air.
For preserving excellent health and wellbeing, clean air is essential. Respiratory disorders, allergies, and other health concerns can result from poor indoor air quality. There is a rising emphasis on integrating air filtration devices into HVAC installations as people become more aware of the effects of indoor air pollution on their health. HVAC systems use air filters to effectively catch and remove contaminants, giving users of the space a better indoor environment.
HVAC systems are major energy consumers. The energy efficiency of these systems depends heavily on air filters. Filters that are clogged or unclean can restrict airflow, causing HVAC systems to work harder and use more energy as a result. Low pressure drop characteristics of high-quality air filters guarantee optimum airflow while successfully removing impurities, resulting in increased energy efficiency and decreased operating costs. The demand for effective air filters in HVAC systems is being driven by the emphasis on energy efficiency and sustainability.
To increase energy efficiency and indoor air quality, governments and environmental organizations are putting into place stronger rules and guidelines. In order to comply with specified filtration efficiency and air quality criteria, these rules frequently call for the installation of air filters in HVAC systems. The need for air filters that adhere to the criteria set by these rules has expanded as a result of the rising HVAC sector.
The market for HVAC systems covers both brand-new installations and retrofit/replacement projects. There is a need for replacement or upgrade as more aged or ineffective HVAC systems. Many of the HVAC systems in use today might not have air filters or use outmoded filtering methods. To meet current air quality standards, existing systems must be upgraded or replaced with new, more sophisticated HVAC units that include air filters. The market for air filters is expanding rapidly as a result of the demand for retrofit and replacement.
Technological developments are being made in the HVAC industry with the goal of enhancing system performance and energy efficiency. Smart HVAC systems that can monitor and manage interior air quality are among these developments. These intelligent systems incorporate air filters to improve filtration performance. As HVAC systems incorporate smart features, there is a rising demand for advanced air filters such electrostatic filters, activated carbon filters, and HEPA filters. The market for air filters in the expanding HVAC industry is being driven by technological advancements. Thus, driving the Air filters market revenue.
The Air purification Market segmentation, based on type includes Cartridge Filters, Dust Collector, HEPA Filters, Baghouse Filters & Others (Mist Filters and others)). The HEPA filters segment dominated the market in 2022. Pollen, smoke, dust, and other airborne pollutants can all be effectively captured by HEPA filters. The worldwide air purifier market is anticipated to have significant product penetration due to the high grade and reliability of HEPA filters to remove airborne particles.
The Air filtration products Market segmentation, based on End-User, includes Residential, Commercial & Industrial. The commercial category generated the most income in 2022. Schools, shopping malls, conference rooms, offices, theaters, hospitals, and other public spaces like recreation centers and theme parks all make use of air purifiers. In order to improve the quality of the air in the spaces, restaurants and hotels utilize air purifiers with activated carbon and HEPA to eliminate airborne, odor, and smoke particles from the air. Allergens and odor-causing airborne infections are eliminated in these facilities to ensure indoor air quality for both staff and patients. Air purifiers are also used in dentistry and medical offices, veterinary clinics, animal kennels, clinics, and hospitals, as well as boarding kennels to remove toxins from the air.
Figure 1: Air Filters Market, by End-User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Air filters Market dominated this market in 2022 (45.80%). The usage of air filtration and water filtration technologies is anticipated to expand due to growing environmental concerns and rising atmospheric pollution levels, which will propel market expansion. This is a result of the nation's quick industrialization and strict regional environmental protection laws. Moreover, China’s Air filters market held the largest market share, and the Indian Clean air solutions market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Air Filters Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The North America Air filters Market accounts for the second-largest market share due to a number of variables, including as rising product demand from the automobile industry and environmental regulations set forth by the Environmental Protection Agency (EPA) for air emission control technologies. Further, the U.S. Air filters market held the largest market share, and the Canada Air filters market was the fastest growing market in the North America region.
Europe Air filters market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to an increase in the number of wastewater treatment facilities being constructed in the region, which is increasing building activity. The usage of filters to lower emission levels in Brazil's booming mining industry is also expected to fuel the regional market. Further, the German Air filters market held the largest market share, and the UK Air filters market was the fastest growing market in the European region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Filtration technology market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Air filters industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Air filters industry to benefit clients and increase the market sector. In recent years, the Air filters industry has offered some of the most significant advantages to medicine. Major players in the Air filters market, including Daikin Industries, Ltd. (Japan), Camfil (Sweden), MANN+HUMMEL (Germany), Parker Hannifin Corp (U.S.), Cummins, Inc. (U.S.), Donaldson Company, Inc. (U.S.), SPX Flow, Inc. (U.S.), Absolent Group AB (publ) (Sweden), Lydall Gutsche GmbH & Co. Kg (Germany), Purafil, Inc. (U.S.), Freudenberg Filtration Technologies SE & Co. KG (Germany) and others, are attempting to increase market demand by investing in research and development operations.
Air conditioners and refrigerants are made by Daikin Industries Ltd. (Daikin). It offers a broad range of goods and technology for electronics, defense systems, refrigeration systems, oil hydraulics, and air conditioning. The company's air conditioners are frequently utilized in domestic, industrial, and commercial settings. Additionally, it provides fluoroplastics, apparatus for chemical engineering, fluorocarbons, and fine chemical goods. The business sells industrial hydraulic machinery, mobile hydraulic equipment, guided missile component parts, and oxygen therapy equipment. It runs operations across Latin America, North America, Europe, Asia, the Middle East, Africa, and Oceania. Japan's Osaka is home to the Daikin headquarters.
Engineered solutions are provided by SPX Flow Inc (SPX Flow), a division of Lone Star Fund. The business performs engineering, designing, manufacturing, and marketing for a range of turnkey project-related goods and solutions in a variety of industries. Pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators, and heat exchangers are among the company's product offerings. Through a network of distributors in the US and other nations, the corporation offers its products. It provides services to the energy and power, mining, chemical processing, compressed air, food and beverage, and other industrial areas. It operates in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Charlotte, North Carolina, in the US, serves as the company's headquarters.
January 2022: The A.L. Group's innovation arm, AVVIR, a top provider of cutting-edge filtration technologies, announces IN-EX, a medical-grade solution for clean indoor air. The IN-EX solution turns any air filter into a tool for eradicating bacteria and viruses by using specialized sonochemical coating technology.
June 2021: G1 AC Filters for Air Conditioners, made by Nanomatrix Materials, use graphene-silver nanotechnology to sterilize 99.9% of airborne germs and filter out dust particles while purifying indoor air. Additionally, G1 AC Filters help lower harmful volatile organic compounds (VOCs) or gases.
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