Market Research Future (MRFR) has published on the “global Air Filters Market”.
Market Research Future (MRFR) has published a cooked research report on the “Global Air Filters Market” that contains information from 2018 to 2032. The Air filters market is estimated to register a CAGR of 7.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Air filters market— 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.
The global air filters market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 29.1 Billion by 2032.
The demand for clean indoor air and growing worries about air pollution are driving the market for air filters to expand quickly. It includes a range of industries, such as commercial, residential, and industrial uses. Global demand for air filters is rising as people become more conscious of environmental and health issues.
The global air filters market has been segmented based type, and end-user.
On the basis of type, the market is segmented into cartridge filters, dust collector, HEPA filters, baghouse filters & others (mist filters and others)). The HEPA filters segment dominated the market in 2022. HEPA filters are efficient at removing airborne pollutants such as pollen, smoke, dust, and others. Due to the superior quality and dependability of HEPA filters to remove airborne particles, it is projected that the global market for air purifiers will have considerable product penetration.
Based on end-user, the global air filters market has been segmented into residential, commercial & industrial. The commercial category generated the most income in 2022. Air purifiers are used in classrooms, retail outlets, conference rooms, workplaces, theatres, hospitals, and other public areas including recreation centres and theme parks.
The global Air filters market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Air filters market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Air filters market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Air filters market comprises of Middle East, Africa, and Latin America.
Due to a number of factors, such as increasing product demand from the automotive industry and environmental laws put forth by the Environmental Protection Agency (EPA) for air pollution control technology, the North American Air filters Market holds the second-largest market share.
Moreover, from 2023 to 2032, the market for air filters in Europe is anticipated to develop at the quickest CAGR. This is because more wastewater treatment facilities are being built in the area, which is driving up building activity. The rising mining sector in Brazil is projected to use filters to reduce emission levels, which will also support the local market.
Additionally, the Asia-Pacific Air filters Market dominated this market in 2022 (45.80%). Due to increased environmental concerns and increasing levels of atmospheric pollution, it is projected that the use of air filtration and water filtration technologies will increase, which will fuel market growth.
Furthermore, Latin America's air filter market is expanding significantly as a result of the region's growing industry, urbanisation, and awareness of air pollution. Industries including manufacturing, the auto industry, and construction are the main drivers of demand. Air filters are becoming more popular throughout the region as a result of strict environmental rules and a focus on public health.
Key Findings of the Study