Residential Filters Market Size, Share & COVID-19 Impact Analysis, By Product Type (Air Filter, Water Filter), By Application (Single Family, Multi Family), and Regional Forecast, 2021-2028

The global residential filters market size was valued at USD 6.60 billion in 2020. The market is projected to grow from USD 7.06 billion in 2021 to USD 11.87 billion by 2028 at a CAGR of 7.7% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of 6.5% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

Commercial filters or residential filters are required to contend with three forces of nature, flow resistance, dust holding capacity, and efficiency (ability to remove particles from the air). Even with a high-efficiency filter, it won't contain much dirt or have a high barrier to flow. Low resistance to flow, on the other hand, isn't generally particularly efficient.

From the aspect of air filtration, residential heating and air conditioning equipment provides various issues for the homeowner. Filter depth is the initial limiting factor. An air handler with a 1 inch opening for an air filter is found in older homes. By removing the door of the unit and removing and reinstalling the filter, this filter may be replaced.

Air filters are composed of a variety of materials, including textiles and fiberglass. The American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE) devised the Minimum Efficiency Reporting Value (MERV) to grade filters (ASHRAE). The values range from 1 to 16, with 16 being the most effective, and indicate how efficiently the filter can capture pollutants as tiny as 0.3 microns and as large as 10 microns. Whereas, the prime objective of a residential water filter is to remove suspended particles and other unwanted substances from polluted water so that it may be used at home. Furthermore, increased urbanization is surging the demand for residential water filters across the world.

Increasing Demand & Exponential Growth of Filters to Boost Market Growth During COVID-19 Pandemic

The COVID-19 pandemic has drastically undermined supply networks and affected consumer demand due to lockdowns and rising unemployment. To minimize the spread of the virus, countries enforced rigorous border controls, posing logistical obstacles for the appropriate supply and distribution of household filters. Companies are delaying the construction of facilities for the manufacturing of filters to cut capital expenditures in the face of declining economic conditions that might hamper residential construction in the short to medium term.

However, rising concerns on airborne transmission of the COVID-19 virus have a positive influence on this market. New technologies that are rising in the market to remove viruses from the air and to facilitate surface disinfection are surging the demand for filters. Despite every other factor, the awareness of air and water-borne diseases among people is increasing post-pandemic. Considering the above-mentioned factors, the growth of the global market is anticipated to have a steady but positive rise during or even after the COVID-19 pandemic.

LATEST TRENDS

Adoption of New Technologies Owing to Increased Efficiencies to Bolster Market Outlook

Likewise, companies are continuously investing in research and development activities to attain high efficiency at a comparatively low cost. Additionally, new technologies are emerging abundantly, aiding the demand for residential filters.

For instance, in the water filters segment, a German company, Mitte, is working on a technology to re-mineralize the demineralized water that comes from filters. The company is trying to provide a replication of bottled water through this technology in terms of taste and elements present.

Furthermore, in air filter segment, HEPA (High-Efficiency Particulate Air) filters can be suggested to asthma patients as well to reduce the effect. The HEPA purifiers work with 99.97% efficiency and are capable of filtering particles having diameter up to 0.3 micrometers diameter.

Therefore, advancements and new technologies are further increasing the residential filters market growth and are expected to rise during the forecast period.

DRIVING FACTORS

Rising Concerns Regarding Air and Water Pollution to Accelerate Market

Currently, consumers are increasingly adopting filters at their residences, thereby propelling the demand for residential filters in the forecast period. In addition, the rising awareness of the effects caused on human health due to the consumption of impure air and water is one of the major factors driving the market. Additionally, the increasing disposable income of consumers in developed and developing nations and the invention of low-priced filters are some other growth factors of the market.  

Furthermore, growing residential constructions as more people are migrating to urban areas for work and studies is further increasing the deployment of filters. Moreover, according to the United Nations report, 55% of the world’s population was living in urban areas in 2018 and it is anticipated that more than 70% of the world’s population, which is approximately 7 billion will be living in urban areas as of 2050.

RESTRAINING FACTORS

Functional Disadvantages Owing to Filtration to Impede Market Growth

The demand for filters is increasing with the growing awareness of water & air quality, particularly air filters. However, higher efficiency filters with higher MERV rating result in increased airflow resistance, which reduces airflow. This is considered to be a major hindrance for the market. In addition, variations in system pressure lead to changes in duct leakage.

Additionally, reduced system airflow in supply ducts lowers pressures across supply duct breaches, resulting in less duct leakage. Reduced system airflow usually leads to an increase in return duct leakage, which leads to reduced air conditioner efficiency, which might stymie industry demand. Furthermore, in the water filtration process, while removing the contaminated particles, it also removes the minerals from water, which is very much essential for human health.

Hence, there are several other issues, which are being faced by the residential filters industry; however, leading organizations are trying their best to remain in the market & maintain their stability.

SEGMENTATION

By Product Type Analysis

Water Filter Segment to Hold Major Market Share During Forecast Period due to Increase in Investments

By product type, the market is segmented into air filter and water filter.

The water filter segment is in the best position to lead the market by capturing the highest CAGR in the forecast period. It is attributed government expenditures in the development of water treatment plants to supply clean water for different residential along with commercial and industrial purposes. Water filters are also predicted to become popular due to their widespread use in a range of applications, including cold sterilization of drinks and medicines, petroleum refining, and dairy processing.

Furthermore, the air filters market is anticipated to grow extensively attributed to its importance to remove dirt and pollutants from the air to provide a healthy indoor climate in residential as well as commercial applications and avoid coil blockages and fan wheel imbalances in industrial applications. The market growth is complimented by rising government incentives, growing demand for energy-efficient solutions, and increasing trend of green buildings initiatives.

By Application Analysis

Single Family to Dominate the Market

By application, the market is segmented into single family and multifamily.

Single-family application segment is projected to capture the highest CAGR in the forecast period. Increased demand for air filtration systems in single-family dwellings, such as bungalows and cottages, is expected to boost market development. The ability of filters to decrease inevitable impurities such as particles, gases, & extreme water vapors from indoor activities has surged the demand for single-family houses. Indoor activities such as cleaning and cooking introduce impurities into the air, which will boost demand, as will the desire to ventilate the home with clean outdoor air. Furthermore, rising consumer spending on healthy lifestyles as a result of rising global pollution is expected to propel the market.

Moreover, multi family segment is predicted to witness considerable CAGR in the forecast period. It is attributed to the substantial shift that has occurred as multi family demand rapidly expanded, resulting in improved rent growth and occupancy levels. A combination of demographics, continued economic growth, countrywide housing crisis, federal stimulus funding, and more local economies reopening and reducing or abolishing zoning restrictions are all surging multifamily rental housing demand in this market.

REGIONAL INSIGHTS

The scope of the report comprises five major regions, North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

The market in Asia Pacific is expected to exhibit substantial growth over the forecast period. The public's growing awareness of the air pollution index is boosting product demand even more. Additionally, the rising consumer expenditure on luxury goods is increasing the demand for air filters, which, in turn, would surge the product demand even more. The fact that the product is utilized in air & water to trap dirt and dust particles in the environment and offer a fresh, clean atmosphere will help it develop in the market. However, rising urbanization and a large population in the area are surging the HVAC demand.

Moreover, India is expected to grow significantly, owing to rising pollution levels in air & water pollution across the country. Air purifiers can help to freshen stale air, reducing the risk of health issues caused by indoor pollutants, which can cause respiratory infections and exacerbate asthma symptoms. On the other hand, the water filtration process can help to filter the water, which can assist to eliminate airborne diseases. Various forms of indoor air contaminants are removed by high-quality air as well as a water purifier.

North America is likely to dominate the global market due to fast economic development, population growth, and favorable government policies and laws supporting environmental preservation. The need for air & water filters for a comfortable lifestyle is uplifting the market growth across the region. In addition, the rising demand for automobiles is expected to stimulate the production of air filters in the forecast period. Additionally, the measures undertaken by the American Government are complimenting the market growth. However, technical advances such as the use of nanotechnology in the filtration process are expected to increase product demand in the region.

Furthermore, Europe is projected to witness substantial growth in the future. It is attributed to the necessity of air filters in cold climatic countries, including Germany, Nordics, and Benelux countries. According to laws issued by multiple agencies, such as the European Commission's International Plant Protection Convention, the rising usage of air filtration equipment in a variety of sectors, such as cement, chemicals, and metallurgy, is boosting the product demand in Europe (IPPC). Furthermore, growth in the usage of air and water purifiers in several countries, including Germany, France, Italy, and Spain, is expected to boost the regional market.

South America is anticipated to show moderate growth. Minimal technological developments and moderate growth of industrialization are gaining the attention of other companies to establish their market in the region. The growth is further fueled by increasing middle-class population and strengthening economies in Brazil, Mexico, and others along with the expansion of the residential filters industry.

KEY INDUSTRY PLAYERS

Key Players are Focusing on Adopting Leading Technology for Different Applications

The residential filters industry is relatively concentrated, with some firms holding a considerable market share. The market's top essential players control the majority of the market's share. They are inclined toward strategical approaches, including rebranding of existing products.

LIST OF KEY COMPANIES PROFILED:

• Parker Hannifin (Ohio, U.S.)


• Mann Hummel (Ludwigsburg, Germany)


• Camfill AB (Stockholm, Sweden)


• Freudenberg Filtration Technologies SE & Co. KG (Baden-Wuerttemberg, Germany)


• Donaldson Company (Minneapolis, U.S.)


• Filtration Group (Illinois, U.S.)


• BWF Envirotec (Offingen, Germany)


• Purafil Inc (Georgia, U.S.)


• Nordic Air Filtration (Nakskov, Denmark)


• AAF International (Kentucky, U.S.)


• Universal Air Filter Company (UAF) (Illinois, U.S.)


• Spectrum Filtration Pvt Ltd (Kolkata, India)


• ACS Industries Inc. (Lincoln, U.S.)


• Koch Filter (Kentucky, U.S.)


• Smith Filter Corporation (Illinois, U.S.)


• Airclean Ltd (Tonbridge, U.K.)

KEY INDUSTRY DEVELOPMENTS:

• December 2021 - Parker Hannifin Corporation's Precision Fluidics Division, a global pioneer in motion and control technology, launched the Parker Porter Nitronox Plus oxygen delivery system & nitrous oxide. The Nitronox Plus is a small demand flow nitrous oxide & oxygen delivery system with three new model options.


• September 2021 – In September, MANN+HUMMEL Group acquired Seccua Holding AG. The Ludwigsburg-based filtration specialists have now bought all of the company's shares after investing in a strategic alliance in 2019. Seccua is a company that specializes in the production of ultrafiltration membranes.

REPORT COVERAGE

The report provides a detailed analysis on the basis of residential filters product type and application. It provides information about the leading companies and their business overview, types, and leading applications of the product. Besides, it offers insights into the competitive landscape, SWOT analysis along with current market trends and highlights key drivers and restraints. In addition to the aforementioned factors, the report encompasses several factors contributing to the market's growth in recent years.

Report Scope & Segmentation