Air Filters Market Thrives with the Burgeoning HVAC Sector

Air Filters Market Overview

Market Research Future (MRFR)'s report highlights Air Filters Market Information By Type, End User, and Region - Forecast till 2032"; The air filters market will surge from USD 16.3 Billion in 2023 to USD 29.1 Billion by 2032, at 7.50% rate between 2023 and 2032.

A device known as an air filter is used to filter out solid airborne particles that could be hazardous to human health if inhaled. Particles can be anything from powder to dust to fibers to illnesses to pollen, among other things. It uses physical and/or chemical processes with materials such fiber pleated paper, foam, ionizers, cotton, absorbents, activated charcoal, chemicals, catalysts, and other items to clean the air to a level that is suitable for breathing and to remove odors for the intended user.

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Air Filters Market Competitive Landscape:

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)

Air Filters Market Segmentation

Cartridge filters, dust collectors, HEPA filters, baghouse filters, and others (such as mist filters) are a few of the air filter types. The HEPA filters segment dominated the market in 2022.  

The air filter market consists of end customers in the residential, commercial, and industrial sectors. The commercial category brought in the most cash in 2022.

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Market Drivers:

Rising airborne illnesses and increasing levels of urban pollution are expected to spur industry expansion. For instance, ozone concentrations exceeding the European Union's threshold were present in urban areas where 14% of the population of the EU-28 resided. According to the EEA's report on Air Quality in Europe published in 2020, over 4% of the urban population of the EU-28 was exposed to high amounts of nitrogen dioxide, and 15% of the population was exposed to benzopyrene.

The industry will be influenced by the improving standards of living, increased disposable income, and rising health consciousness. The market is anticipated to gain from the rising air pollution and increased prevalence of airborne diseases in the United States over the course of the forecast period. More than 40% of Americans (or over 137 million people) live in areas with failing ratings for dangerous levels of particle pollution or ozone, according to the State of the Air 2022 assessment, despite decades of progress in cleaning up air pollution sources. This is equivalent to 2.1 million more people than the previous year breathing toxic air. This element will raise public awareness of the poor quality of the air and enhance the demand for air purifiers.

The implementation of rigid guidelines and regulations for indoor air quality by different governments, which concentrate on reducing air pollution, is projected to spur business growth. The rise of the business will also be boosted by a number of initiatives to reduce air pollution that have been initiated by governments and NGOs around the world. For example, the U.S. Environmental Protection Agency (EPA)'s "Guide to Air Cleaners in the Home" provides guidance on selecting a furnace filter, HVAC filter, and portable air cleaner in addition to other information on air cleaners. The WHO has also made some guidelines about the caliber of indoor air. 

Restraints

The need for filtration equipment rises in tandem with the public's awareness of indoor air quality (IAQ) or fresh IAQ. The high maintenance costs of these filters are one of the main issues preventing industry growth, though. Filters typically cost between $40 and $60 to replace because they need to be regularly changed and serviced every six to four months. In addition, a lot of industrial and commercial end users spend money on subpar filtering equipment that impairs the working conditions for HVAC applications. 

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Air Filters Market Regional Insights

The biggest market share (45.80%) has belonged to Asia Pacific since 2022. It is anticipated that more individuals in the area would utilize air filtration and water filtration technologies as environmental concerns and levels of atmospheric pollution increase, expanding the market. The market growth rate will continue to increase steadily throughout the course of the study because of the region's quick industrialization as well as strict local environmental protection laws.

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