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The air filter market size is forecast to increase by USD 7.48 billion at a CAGR of 6.21% between 2023 and 2028. Market growth hinges on various factors, including the expanding presence of data centers, escalating air quality apprehensions concerning HVAC systems, and surging demand from the automotive sector. Challenges within the market encompass insufficient awareness regarding the necessity for air filter replacements, the pervasive threat posed by counterfeit products in the global air filter market, and the upsurge in demand for electric vehicles (EVs). Overcoming these hurdles necessitates concerted efforts to educate consumers about the importance of air filter maintenance, implementing stringent measures to combat counterfeit products, and adapting to the evolving automotive landscape driven by the rise of EVs. By addressing these challenges effectively, the market can capitalize on its growth drivers and establish a resilient position in the increasingly competitive global landscape. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.
Market Forecast 2024-2028
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The HVAC system plays a crucial role in maintaining indoor air quality by utilizing various air-moving devices such as fan coils, air handlers, and terminal units to filter out tiny particles and harmful particles. Dust collectors type is essential for industrial end-users and passenger cars in urban areas, where air pollution poses health problems. Air filtration systems are vital for combating airborne infections and promoting health consciousness. With growing concerns about air quality, stricter regulations aim to reduce respiratory illnesses and premature deaths caused by poor indoor air quality. Enhancing indoor air quality is crucial for improving the standard of living and mitigating health risks associated with harmful particles, highlighting the importance of effective air filters and adherence to regulatory standards.
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 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 to 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, they 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 lack of awareness about IAQ and permissible limits of particulates in the air restrains the timely replacement. In the case of health institutions and industries such as oil and gas, electronics, and marine, these 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 is a major challenge for the global market.
The commercial segment will account for a major share of the market's growth during the forecast period. The global market can be segmented by end-users, 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 9.63 billion in 2018 and continued to grow until 2022. Some of the key sub-segments within the commercial end-user category in the global market include offices, hospitality, healthcare facilities, educational institutions, and retail stores. These are just a few examples of how the commercial sector is utilized to address specific air quality needs. The demand 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 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout 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.
Companies 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 purifiers and Carrier smart room air purifiers.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is propelled by the growing importance of maintaining clean indoor air quality amidst rising concerns about airborne infections and health consciousness. HVAC systems, equipped with air-moving devices like fan coils and air handlers, play a crucial role in filtering out tiny particles and air contaminants. From residential applications to industrial end-user, demand for air purifiers and filtration systems is on the rise. Advancements like Nanofiber filters and smart air filters offer improved filtering performance and real-time monitoring capabilities. However, challenges such as low awareness and technical limitations persist, necessitating efforts to enhance public awareness and promote sustainable, eco-friendly solutions in compliance with stricter regulations for cleaner indoor environments.
The HVAC system industry is evolving with advancements in air moving devices like terminal units and fan wheels, enhancing energy performance and indoor climate control. With a focus on green buildings and re-utilization, there's a growing demand for air handling equipment and ventilation systems to ensure fresh indoor air and bio-filtration. Benefits include energy savings and improved MERV ratings for better air quality. Despite challenges like harmful emissions and health hazards, regulatory initiatives drive innovation in air filter technology for removing bacterial particles and virus-contaminated air. From industrial to residential sectors, the emphasis is on efficiency, reducing premature deaths and respiratory illnesses. Adoption of sustainable practices, including biodegradable and recycled materials, alongside self-cleaning filters, ensures a healthier environment with reduced operating costs and gases emissions.
Market Scope |
|
Report Coverage |
Details |
Page number |
188 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.21% |
Market growth 2024-2028 |
USD 7.47 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.75 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 53% |
Key countries |
China, US, Japan, Germany, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 N.V., 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. |
Market dynamics |
Parent market analysis, market growth analysis, market research and growth, 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. |
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. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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