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The air filter market size is estimated to grow at a CAGR of 6% between 2022 and 2027 and the size of the market is forecast to increase by USD 6,809.42 million. The growth of the market depends on several factors, such as the increasing number of data centers, the increasing air quality concerns in HVAC systems, and the increasing demand from the automotive industry.
This report extensively covers market segmentation by end-user (commercial, industrial, and residential), type (dust collectors, HEPA filters, cartridge filters, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
Air Filter Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Increasing air quality concerns in HVAC systems is a key driver boosting the air filter market growth. Climatic changes and air pollution have a great impact on indoor air quality. The presence of pollutants or particulates in the air proves harmful to the human body and results in diseases such as cardiovascular diseases. The increase in health issues has increased the need for ensuring IAQ in residential as well as commercial buildings.
The ANSI/ASHRAE standards 62.1 and 62.2 specify the minimum ventilation rates and other measures for the existing and new buildings for improving the IAQ and reducing the chances of adverse health effects. Most maintenance teams fail to adhere to indoor air quality regulations. Due to the emission rules becoming stringent, there will be an increasing focus on IAQ that will drive the demand for air filters during the forecast period.
The CHP is an efficient and clean process of generating thermal and electric energy from a single source. This technology is already well established in Japan and European countries. However, it is not prominent in other parts of the world. The US has conducted many studies on CHP and is expected to invest in it during the forecast period.
Nowadays, CHP represents only approximately 8% of the US power generating capacity, whereas countries such as Denmark, Finland, and the Netherlands utilize more than 30%. With the increasing concerns and greenhouse gas emission norms becoming stringent, the US will focus more on the development of micro CHP during the forecast period.
Air filters must be cleaned or replaced after a certain period of time. Most end-users fail to do so, either due to the lack of awareness or due to the absence of government regulations for the replacement of filters. The use of old filters creates critical health issues. The time period for the replacement of air filters varies according to the type of filter and the applications it serves. The lifespan of a cabin air filter is generally a year or 15,000 miles-30,000 miles, while the engine air filter is replaced after a year or after 30,000 miles. However, most customers are not aware of the need for the replacement of air filters. The lack of awareness of customers affects the demand for air filters.
Similar to HVAC systems, air filters must be cleaned every three months and should be changed yearly. Most commercial buildings, such as offices and educational institutions, do not change or clean the air filters. The lack of awareness about IAQ and permissible limits of particulates in the air restrains the timely replacement of air filters. In the case of health institutions and industries such as oil and gas, electronics, and marine, air filters need regular monitoring of air quality and replacement of air filters. Aftermarket sales are a major growth component in the overall air filter market. Hence, the lack of awareness about the need for the replacement of air filters is a major challenge for the global air filter market.
The commercial segment will account for a major share of the market's growth during the forecast period. The global air filter market can be segmented by end-user, and one of the key segments is the commercial sector. The commercial sector includes various industries and establishments that utilize air filtration as an important means of maintaining indoor air quality and ensuring a healthy environment for employees, customers, and visitors.
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The commercial segment was valued at USD 9,242.57 million in 2017 and continued to grow until 2021. Some of the key sub-segments within the commercial end-user category in the global air filter market include offices, hospitality, healthcare facilities, educational institutions, and retail stores. These are just a few examples of how the commercial sector utilizes air filters to address specific air quality needs. The demand for air filters in the commercial segment is driven by the importance of creating a healthy and comfortable environment for occupants while complying with indoor air quality standards and regulations, which will drive the growth of the segment during the forecast period.
Based on type, the market has been segmented into dust collectors, HEPA filters, cartridge filters, and others. The dust collectors segment will account for the largest share of this segment. Dust collectors are crucial for maintaining clean and healthy air quality in the workplace, as well as preventing dust-related hazards and ensuring compliance with environmental regulations. These dust collectors are typically used in industries, such as metalworking, woodworking, pharmaceuticals, food processing, construction, and mining, among others. Dust collectors can be further categorized into different types based on their design and functionality, including Baghouse Dust Collectors. These collectors use fabric bags made of woven or felted materials to capture dust particles. These factors will help drive the growth of the segment during the forecast period.
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APAC is estimated to contribute 53% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The air filter market in APAC is expected to grow rapidly during the forecast period, owing to the growth in the automotive, HVAC, and industrial segments. This region consists of highly polluted countries such as India and China that contribute to a large share of the global demand for construction activities and automobiles. The demand for construction activities and automobiles forms the primary driver for the air filter market in the region.
Moreover, the growth in the construction sector will have an impact on the growth in the adoption of HVAC systems during the forecast period. For instance, more than ten skyscraper projects are already under construction in China, while India has three large projects that are currently under construction. These billion-dollar projects will increase the need for HVAC systems and HVAC air filters. Therefore, growth in construction activities will increase the demand for air filters during the forecast period.
In 2020, the outbreak of the COVID-19 pandemic adversely affected overall economic growth in APAC. However, the lockdown restrictions were lifted in the second half of 2020 owing to the implementation of large-scale COVID-19 vaccination drives across APAC. This led to the resumption of activities in air filter manufacturing facilities in the first half of 2020. Furthermore, operations in end-user industries such as automotive, construction, food and beverage, electronics, and others also restarted in the first half of 2021. This is expected to increase the demand for air filters for various applications in these end-user industries during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Camfil AB: The company offers air filters such as cleanroom panels, and compact filters.
Carrier Global Corp.: The company offers air filters such as Carrier air purifier and Carrier smart room air purifier.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The air filter market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Air Filter Market Scope |
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Report Coverage |
Details |
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Page number |
185 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2023-2027 |
USD 6,809.42 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.55 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 53% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Air Filter Co. Inc., Camfil AB, Carrier Global Corp., Cummins Inc., Daikin Industries Ltd., Donaldson Co. Inc., Dyson Group Co., Filtration Group Corp., Honeywell International Inc., IQAir AG, Koninklijke Philips NV, LG Electronics Inc., MANN HUMMEL International GmbH and Co. KG, Panasonic Holdings Corp., Parker Hannifin Corp., Samsung Electronics Co. Ltd., Sharp Corp., Unilever PLC, United Filter Industries Pvt. Ltd., and Whirlpool Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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