16-Jun-2021 | Facts and Factors
We at Facts & Factors have recently published an analytical and comprehensive outlook market study titled “Global Air Filter Market”. We estimate that the Global Air Filter Market will be valued at an estimated projection of USD 22.19 Billion by 2026 from an initial value of USD 13.3 Billion in the year 2020 with growth at a CAGR of about 7.5% during the forecast period 2021-2026.
Air filters are equipment designed to absorb or eliminate impurities in the air by means of porous or fibrous materials in their composition. The advanced models of air filters can even improve odor and filter gaseous pollutants of volatile nature. The driving factors behind the growth of the air filter market can be credited to the rising automotive sector, stringent emission-based regulations, rising health concerns, and rising demand for better quality indoor air. With the advent of COVID-19 and other disorders that stem from air-borne transmissions, the market of air filters is expected to witness growth beyond its regular horizon.
Increasing demands for HVAC systems coupled with rising public demands for better hygiene and increasing awareness about IAQ will open new revenue opportunities for the global air filter market over the forecast timeframe. Advancements in technology have given rise to improved filtration techniques such as biofiltration. This allows manufacturers and vendors to appeal to a wider range of consumers. Furthermore, rising demand for the installation of indoor filters and the booming automobile sector will further boost the growth of the global air filter market to a larger footprint.
Top Market Companies
The key participants in the global air filter market are Wetzel Technologies, SPX Corporation, MayAir Group, Airventil Pvt Ltd., Absolent Group AB, V&T Group BV, HEPA Corporation, DuPont, and Fildex Filters, among others.
Here are some noteworthy developments in the air filter sectors that can affect the market perspective during the forecast:
On the basis of type, the global air filter market can be broken down into cartridge filters, dust collectors, HEPA filters, baghouse filters, and others. The other segment can be further broken down into mist filters, and others. HEPA filters are expected to occupy the largest market share during the forecast due to their almost perfect efficiency filtration system. Moreover, they enjoy a higher application base in the residential, commercial, and healthcare sectors due to their attractive properties. Dust collectors will witness the fastest growing CAGR during the forecast.
On the basis of end-users, the global air filter market can be divided into residential, commercial, and industrial. The industrial segment can be further broken down into automotive, chemical, gas turbines, semiconductors, healthcare, pharmaceuticals, food & beverage, and others. The industrial segment is expected to occupy the largest market share in the sector owing to the rise of manufacturing processes and the ability of filters to provide a microbiological and molecular-free zone. The automobile sector will occupy the largest market share when analyzed further.
North America Is Expected To Hold The Largest Market Share During the Forecast Period
North America is expected to witness the largest market share during the forecast in terms of global revenue contribution. The region is expected to dominate the projected forecast duration due to rising government initiatives in order to curb air pollution and the rising automobile industry. Asia-Pacific is expected to witness the fastest growing CAGR during the forecast for similar reasons.
Browse in the full report “Air Filter Market By Type (Cartridge Filters, Dust Collector, HEPA Filters, Baghouse Filters, & Others), By End-User (Residential, Commercial, & Industrial), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 - 2026” at https://www.fnfresearch.com/air-filter-market
The global air filter market can be segmented into:
Global Air Filter Market: By Type Segment Analysis
Global Air Filter Market: By End-User Segment Analysis
Global Air Filter Market: By Regional Segment Analysis
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