Published Date : 28 Apr 2023
The air filters industry size is projected to increase from USD 15.54 billion in 2022 to USD 28.45 billion by 2032. This represents a remarkable compound annual growth rate (CAGR) of 6.23% between 2023 and 2032.
Another key factor driving the expansion of the global air filter industry is the rise in urbanization, which results in rising demand for air filters in establishments like corporate offices and super industries.
Air filters are tools used to filter out bacteria, pollutants, and other airborne contaminants that are harmful to human health and the environment. In commercial settings, air filters maintain the quality of resources and goods while safeguarding expensive machinery. To control particle count in cleanroom conditions, air filters play a significant role. Before discharging exhaust and stack gases into the environment, they are filtered and cleaned. Numerous residences, workplaces, public buildings, medical facilities, labs, and clinics use air filters.
Mechanical filters, electrostatic filters, and activated carbon filters are just a few of the various types of air filters that are offered for sale. The best type of filter for a given application will depend on a number of different factors, including the size of the space to be filtered, the types of pollutants present in the air, and the user's overall goals for air quality. Each type of filter has specific benefits and drawbacks.
Geographically speaking, North America controls the industry due to the region's rapidly expanding automobile sector and daily increases in pollution. The demand for these filters has also risen as a result of the American government's increased use of preventative measures to address the issues brought on by air pollution from the industrial sector.
The need for air purifiers has been catalyzed by the Asia-Pacific region. The pinnacle of industrial expansion is occurring in developing countries like China, India, Singapore, and Indonesia, and it is anticipated that this would fuel demansd for air purifiers over the course of the projected period.
On the other hand, the northern part of India makes up the majority of the air purifier industry in India. A new 3-in-1 multifunctional air purifier with multifunctionality modes like purify, heat, and the fan was unveiled by Philips India in December 2021. It has a HEPA filtration system, which is capable of purging 99.95% of airborne particles.
According to guidelines established by various agencies, such as the International Plant Protection Convention (IPPC) by the European Commission, the demand for the product in Europe is being driven by the increasing adoption of air filtration equipment in several industries, including cement, chemicals, and metallurgy, to lower their emission levels.
Air Filters Industry Report Scope:
|Market Size in 2022||USD 15.54 Billion|
|Projected Forecast Value in 2032||USD 28.45 Billion|
|Growth Rate from 2023 to 2032||CAGR of 6.23%|
|Largest Market||North America|
|Forecast Period||2023 to 2032|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America and Middle East & Africa|
Growing awareness among human health
The growing understanding of the significance of clean air for human health and well-being is one of the major factors driving growth in the air filter industry. According to research, breathing in air pollution can cause a variety of health concerns, including cancer, cardiovascular disease, and respiratory issues. As a result, many people are buying air filters to purify the air they breathe and are becoming more aware of the air quality in their homes, offices, and other locations.
The rising usage of smart air filters, which can be controlled and monitored remotely via smartphone applications and other connected devices, is another significant reason fueling growth in the air filter industry. These intelligent filters come with a number of functions and advantages, such as the capacity to monitor air quality measurements in real-time, modify filter settings in accordance with user preferences, and get notifications when it's time to change the filter.
Industry barriers include high initial installation and maintenance costs
People are growing increasingly interested in filtering devices as their concern for indoor air quality grows. However, one of the significant issues impeding industry expansion is the high cost of upkeep associated with these filters. Because they must be replaced and maintained every four to six months, filters are sometimes quite expensive to replace, costing between $40 and $60. Additionally, a lot of industrial and commercial end users use inexpensive filter equipment, which negatively affects the working environment in HVAC applications.
HVAC systems, industrial applications, and car engines all require the use of air filters. They are intended to filter out airborne impurities and keep them from damaging the system's interior parts. Because of the rising need for clean air and the requirement to follow environmental rules, the industry for air filters has been expanding rapidly in recent years.
The industry is anticipated to expand further in the upcoming years as a result of rising consumer awareness of the advantages of clean air for their health and an increase in the use of air filters in both commercial and residential structures. Overall, the air filters industry is a vibrant, quickly expanding sector that is expected to develop much more in the years to come. The industry for these crucial components is projected to keep growing as people become more conscious of the value of clean air and demand for smart, connected air filters rises.
By trapping particles on filter materials, mechanical air filters like HEPA filters remove particles from the air. Large airborne particles including dust, pollen, mold spores, animal fur, and particles made up of dust mite and cockroach allergens are all captured by them.
Extended surface filters like HEPA filters have more surface area and are more effective at capturing both big and minute airborne particles. Additionally, compared to pleated filters, these air filters are more effective in removing respirable particles. The two most prevalent specifications for HEPA air purifiers are the capacity to eliminate particles of a size bigger than or equal to 0.3 micrometers, or 99.95% (European Standard) or 99.97% (ASME standard).
The air filter industry is segmented into three categories based on end-users: residential, commercial, and industrial. The industrial sector has the lion's share of the industry. Due to rising demand at manufacturing facilities, demand in the industrial sector is anticipated to expand dramatically. The usage of these filters in the industrial sector lowers the danger of microbial and molecular contamination, protecting delicate manufacturing processes. The automotive industry accounted for the greatest industry share among industrial categories since these filters play a crucial function in all automobiles.
Major Key Players:
By End User
Buy this Research Report@ https://www.precedenceresearch.com/checkout/2627
You can place an order or ask any questions, please feel free to contact at firstname.lastname@example.org | +1 9197 992 333