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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. Fortune Business Insights™ presents this information in its report titled “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 HVAC (Heating, Ventilation, and Air-Conditioning) system used in internal combustion engines to remove tiny pollutants depends critically on the air filter. In the home, business, and industrial sectors, these systems are employed. They are an essential component of air-moving machineries like fan coils, air handlers, and terminal units. The dirt that could cause coil blockages and fan wheel imbalances is removed. It is crucial for a comfortable and healthy indoor environment, which has a big impact on the buildings and the air handling equipment's energy efficiency. The idea is to keep the ventilation system clean and the indoor air quality high in order to protect people's health (IAQ).
Growing Air Filter Installation to Support Expansion in the Face of COVID-19
Several industries are negatively impacted by the COVID-19 epidemic. The market in the HVAC system sector is one of the less impacted areas as the value of fresh air increases. Standard 52.2 low-efficiency filters contain less than eight minimum efficiency reporting values (MERV), and are therefore unlikely to clean the air, according to the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE). Its incorrect installation setup is the cause. To reduce the spread of COVID-19, ASHRAE has suggested a two-step process for air filtering.
Companies are Increasing Sales to Expand Globally and Strengthen their Position
By acquiring RPS Products, Freudenberg Filtration Technologies SE & Co. KG expands its footprint in the United States in December 2021. The business produces and sells air filters through merchants for use in commercial and residential buildings. Through investments in new business sectors, Freudenberg Filtration Technologies SE & Co. KG is growing its footprint in North America.
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Rise in Demand Across Automotive Sector Will Improve Market Prospects
The demand for filter installation in all cars has increased significantly due to the expansion of the automotive industry, which in turn has influenced demand. Trends like vehicle miles traveled, car parks, and filters built into the vehicles have an impact on the rise. In addition, the advantages of these filters for aftermarket services are what contribute to their strong demand in the automotive sector. The main purpose of the filters is to clean internal combustion engines, increase efficiency, and protect car engine components from dangerous dust particles. An air filter works to filter the air that the engine continuously inhales. These attributes are anticipated to increase the global market share.
However, higher costs of maintenance and installation may stifle the global air filters market growth.
Competitive Landscape
Major Corporations Focus on Enhancing Their Market Positions via Improved Product Offerings
To increase their presence around the world, major players are concentrating on purchasing mid-sized businesses. AAF and Nippon Muki Co. Ltd., two Daikin Industries, Ltd. subsidiaries, are concentrating on creating product portfolios for use in engineering, manufacturing, construction, and other areas. Furthermore, market participants are producing efficient filters at reduced production costs.
Notable Industry Development:
List of Key Players Profiled in the Report:
Further Report Findings:
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019 – 2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023 – 2030 |
Historical Period | 2019 – 2021 |
Growth Rate | CAGR of 7.3% from 2023 to 2030 |
Unit | Value (USD billion) |
Segmentation | By Type, End-User, and Geography |
By Type |
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By End-User |
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By Region |
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