Air Filters Market Size, Share & COVID-19 Impact Analysis, By Type (Cartridge Filters, Dust Collectors, HEPA Filters, Baghouse Filters, and Others), By End-User (Residential, Commercial, and Industrial), and Regional Forecast, 2023-2030

The global air filters market size was valued at USD 14.68 billion in 2022. The market is projected to grow from USD 15.69 billion in 2023 to USD 25.69 billion by 2030, exhibiting a CAGR of 7.3% during the forecast period.

The air filter is a crucial part of the Heating, Ventilation, and Air-Conditioning (HVAC) system utilized to remove tiny particles from internal combustion engines. These systems are used across the residential, commercial, and industrial sectors. They are the necessary part of air moving devices such as fan coils, air handlers, and terminal units. They remove dirt that would lead to blockages of coil and imbalances of fan wheel. It is primarily essential for a good and healthy indoor climate that strongly impacts the energy performance of the building and air handling equipment. The aim is to safeguard people’s health by maintaining a good hygiene level in the ventilation system and clean indoor air quality (IAQ).

The construction of green buildings and the re-utilization of these filters are emerging as trends in the market. It is complemented by the increased demand for fresh indoor air. Manufacturers are currently embracing techniques such as bio-filtration and others that filter out air contaminants. This ultimately corresponds to a greater awareness of energy savings and the environment that has driven stringent environmental regulations.

COVID-19 IMPACT

Increasing Installation of Air Filters amid COVID-19 to Promote Market Growth

Amidst the COVID-19 pandemic, several industries are adversely affected. The market in the HVAC system industry is one of the less affected markets due to the rise in the importance of fresh air. According to the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), standard 52.2 low-efficiency filters have less than eight minimum efficiency reporting values (MERV) and are unlikely to clean air. It is owing to its improper installation setup. ASHRAE has recommended a two-step approach for the filtration of air to mitigate the transmission of COVID-19.

The increased support by the governmental bodies, including the Federation of European Heating, Ventilation and Air Conditioning Association, ASHRAE, and others, complement the rise in demand for HEPA filters, dust collectors, and other air quality systems in such pandemic affected situations. The modern HEPA filter is utilized in industrial applications such as automotive, manufacturing, etc., and commercial applications as it possesses the ability to trap approximately 99.95% of bacterial particles that contaminates the air. HEPA filters in residential applications stop the multiplication of bacterial viruses that causes breathing difficulties. The demand for the installation of air purifiers will experience rapid growth in the future years. This is due to the growing demand for fresh indoor air quality (IAQ) globally.

LATEST TRENDS

Growing Demand for Reusable Air Filters is Laying Foundation for Future Market Growth

The manufacturers are competing based on dust-holding capacity, uniform air-flow supply, and filtering performance. The end-user is turning towards sustainable alternatives, including the utilization of washable and reusable air purifiers. These filters control harmful emissions by providing high indoor air quality, owing to their uniqueness in preventing microbiological growth. The payback on reusable filters is relatively short as it costs less than buying a new filter after every four to six months. Additionally, governmental bodies and several environmental organizations are developing green building standards to provide fresh indoor and outdoor air quality in every end-use application.

According to the World Green Building Council, countries majorly focusing on green buildings are Australia with nearly 46%, and Ireland with nearly 40%. The emerging countries are extensively focusing on providing energy-efficient air purifying products. Therefore, the rise in demand for green buildings with increased installation of reusable filters is bolstering air filters market growth.

DRIVING FACTORS

Increase in Demand across Automotive Industry to Brighten the Market Prospects

With the growth of the automotive industry, there is a vast demand for installation of filters in all vehicles, ultimately influencing its demand. The growth is influenced by the trends such as vehicle miles driven, vehicle parks, and filters embedded in the vehicles. Apart from this, the high demand for these filters in the automotive industry is owing to their benefits for aftermarket services. The filters are principally utilized to clean the internal combustion engines and improve efficiency while shielding automotive engine components from harmful dust particles. The filter aims to strain the air imbibed by the engine during a series of strokes.

RESTRAINING FACTORS

High Initial Installation and Maintenance Cost is Causing Hindrance to Market

The demand for filtration systems is growing with the rising awareness about fresh indoor air quality or IAQ. However, the high maintenance cost of these filters is one of the primary factors impeding market growth. The cost of replacing a filter is generally very high, i.e., around USD 40 to USD 60, as they require regular change and service every six to four months. Moreover, several industrial and commercial end-users purchase low-priced filter equipment that hampers the working atmosphere in HVAC applications. Furthermore, a lack of awareness regarding the detrimental effects of bacteria and virus-contaminated air is also hampering the market's growth across the globe.

SEGMENTATION

By Type Analysis

Need for Clean Atmospheric Air to Depict Highest CAGR for HEPA Filters

Based on type, the market is segmented into cartridge filters, HEPA filters, baghouse filters, dust collectors, and others, including mist filters.

HEPA filters are anticipated to develop exponentially over the projected period, owing to the demand across the commercial, industrial, and residential sectors. It has a distinct capability to entice atoms with its implanted innovative diffusion techniques. HEPA filters with an efficiency greater than 99.97% to remove airborne particles offer prospects to gain traction across healthcare, automotive, commercial & residential buildings, and other applications.

Dust collectors held the highest share in 2021 due to their ability to manage air quality. Mist collectors, baghouse filters, and cartridge filters also have a considerable market share and are anticipated to supplement the market growth.

By End-User Analysis

Augmented Perquisite of Air Filters Across Manufacturing Facility to Portray Highest CAGR for Industrial Segment

Based on the end-user, the market can be divided into commercial, industrial, and residential end-users, wherein the industrial sector holds the major share.

Demand across the industrial sector is estimated to grow significantly owing to its rising need for manufacturing sites. In the industrial sector, these filters protect sensitive manufacturing processes, minimizing the risks of molecular and microbiological contamination. The automotive industry seized the highest market share among the industrial segments as these filters play a dynamic role in all vehicles.

The commercial and residential sectors hold substantial shares attributed to the increasing demand for air purification across commercial and residential buildings.

REGIONAL INSIGHTS

The air filters market value is categorized based on regions: North America, Asia Pacific, the Middle East & Africa, and South America.

North America held the highest part in the market share owing to the progress of the automotive industry in the region. Furthermore, the demand for these filters is fostered by the increase in preventive measures undertaken by the American Government to overcome the challenges caused by air pollution from the manufacturing industries.

Asia Pacific is estimated to experience the highest CAGR due to rapid urbanization and industrialization across China, India, and other countries. The increasing industrialization and urbanization are complimenting air pollution across India, China, and other countries. To avoid air pollution, governments are taking several initiatives. For instance, in January 2018, China launched the biggest air purifier and received positive feedback from the adjacent residential and commercial sectors.

India to Witness Highest CAGR as Manufacturers Emphasize on Energy-efficient Air Filtering Products

The fast-tracked industrialization and green building concepts have seen immense growth in air purifier demand and sales across the country. Additionally, global market participants such as Daikin Industries, Ltd., MANN+HUMMEL, and others are heavily penetrating India as indoor air quality is one of the biggest concerns that the country is facing. These participants are providing smart filters that enable operators and end-users to manage indoor air quality index.

Europe is anticipated to observe significant market growth in Italy, Germany, and Spain. Several government initiatives and stringent rules and regulations are expected to enhance the air in the European region.

The Middle East and Africa, and South America are predicted to witness a steady growth rate during the forecast period. It is attributed to the demand for dust collectors and baghouse filters.

KEY INDUSTRY PLAYERS

Prominent Players Focus on Strengthening Their Market Positions through Advanced Product Offerings

Prominent players are focusing on acquiring mid-sized companies to expand their presence across the globe. For instance, AAF and Nippon Muki Co. Ltd., the subsidiaries of Daikin Industries, Ltd., are focusing on developing product portfolios for applications in engineering fields, factories, buildings, and others. Additionally, the market participants are manufacturing effective filters through low manufacturing costs.

MANN+HUMMEL is Emphasizing on Expanding Filtration Product Offerings through Technological Advancements

The company is intended to diversify the filtration product portfolio in the existing and unattainable market with technological developments such as nanofiber technology, etc. It provides anti-allergy and anti-microbial functions in commercial and industrial applications. Moreover, MANN+HUMMEL’s two-stage air filter series named ENTARON HD is smaller than traditional air filters, and it offers excellent installation space flexibility.

LIST OF KEY COMPANIES PROFILED:

• 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)

KEY INDUSTRY DEVELOPMENTS:

• December 2021: Freudenberg Filtration Technologies SE & Co. KG strengthens its U.S. presence by acquiring RPS Products. The company manufactures and sells air filters for office and residential buildings via retailers. Freudenberg Filtration Technologies SE & Co. KG is expanding its presence in North America with investments in new business fields.


• October 2020: Camfil signed a Memorandum of Understanding (MOU) with CTT SYSTair filters AB to adapt Camfil’s air filtration technology for the aviation and aircraft industry to explore air filter applications to improve cabin air quality.


• September 2020: ‘PuraShield Smart 1000 portable filtration systems’ were installed by PURAFIL, INC. to improve indoor air hygiene for Northwestern University Athletics & Recreation. It is a multi-stage original filtration solution that eliminates nearly 99.99% of aerosols, including bacteria and viruses, from the air.


• April 2020: MANN+HUMMEL and its subsidiary Tri-Dim Filter Corporation started to supply HEPA Filter in the respirator produced by Ford. These H13 HEPA Filters reliably remove viruses, microbiological contamination, and germs from the supply air.


• February 2020: PARKER HANNIFIN CORP introduced a new line of ‘MICROPLEAT’, high-efficiency filters specifically designed for HVAC applications and critical systems for markets including, food processing, data centers, research labs, government institutions, commercial office buildings, and others.

REPORT COVERAGE

The report provides detailed information regarding various insights into the market. Some of them are growth drivers, restraints, competitive landscape, regional analysis, and challenges. It further offers an analytical depiction of the market, current trends, and estimations to illustrate the forthcoming investment pockets. The market is quantitatively analyzed from 2023 to 2030 to provide the financial competency of the market. The information gathered in this report has been taken from several primary and secondary sources.

Report Scope & Segmentation