Market Size of Air Filters Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Air Filters Market Analysis
The air filters market size is estimated at USD 15.88 billion in 2023 and is expected to reach USD 21.47 billion by 2028, registering a CAGR of 2.5% during the forecast period.
- Over a short span, factors like increasing numbers of automobiles, especially in developing countries, and government policies regarding pollution emission control parameters are expected to drive the market in the forecast period.
- On the other hand, the technological limitations of air filters are expected to restrain the air filter market during the forecast period.
- Nevertheless, people are improving their living standards in developing countries like China, India, etc, and shifting their mindset towards health consciousness. Supportive government policies for a fresh and dust-free environment in underdeveloped and developing countries are expected to create market opportunities for the air filter market.
- Asia-Pacific is expected to dominate the market in the forecast period owing to the use of air filters in developing countries.
Air Filters Industry Segmentation
Air filters are instruments used to filter solid particulates such as dust, pollen, mold, and bacteria from the air. These filters equip an adsorbent or catalyst such as charcoal, removing odors and gaseous pollutants such as volatile organic compounds or ozone.
The air filters market is segmented by types, end-users, and geography. By type, the market is segmented into cartridge filters, dust collectors, HEPA filters, baghouse filters, and other types. By end users, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the air filters market across major regions. The report offers the market size in value terms in USD for all the abovementioned segments.
| Type | |
| Cartridge Filters | |
| Dust Collectors | |
| HEPA Filters | |
| Baghouse Filters | |
| Others |
| End-User | |
| Residential | |
| Commercial | |
| Industrial |
| Geography | |||||||
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Air Filters Market Size Summary
The air filters market is poised for steady growth, driven by increasing automobile numbers and stringent government policies on pollution control, particularly in developing regions. Despite technological limitations posing challenges, the market is buoyed by rising health consciousness and improved living standards in countries like China and India. Supportive government initiatives aimed at promoting a cleaner environment are expected to create significant opportunities. The Asia-Pacific region is anticipated to lead the market, fueled by industrial growth and heightened demand for air purification solutions in countries such as India, Singapore, and Indonesia.
High-efficiency particulate air (HEPA) filters are set to dominate the market due to their superior ability to remove airborne pollutants, making them essential in medical settings. The global rise in pollution levels has spurred innovation, with companies like Camfil and LG Electronics introducing advanced air filtration products. The market's fragmentation is evident with key players such as Cummins Inc., Daikin Industries Ltd, and IQAir actively developing new technologies. Notable advancements include Samsung Electronics' long-lasting air filter technology and AVVIR's medical-grade solution for indoor air safety, highlighting the ongoing evolution and competitive landscape of the air filters market.
Air Filters Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Increasing Number of Automobiles
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1.5.1.2 The Government Policy Regarding Pollution Emission Control Parameters
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1.5.2 Restraints
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1.5.2.1 The Technological Limitations of Air Filters
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Cartridge Filters
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2.1.2 Dust Collectors
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2.1.3 HEPA Filters
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2.1.4 Baghouse Filters
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2.1.5 Others
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2.2 End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Industrial
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States of America
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2.3.1.2 Canada
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2.3.1.3 Rest of the North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 France
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2.3.2.3 Italy
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2.3.2.4 Germany
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2.3.2.5 Rest of the Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of the Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of the South America
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2.3.5 Middle-East & Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of the Middle-East & Africa
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Air Filters Market Size FAQs
What is the current Air Filters Market size?
The Air Filters Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Air Filters Market?
IQAir, MANN+HUMMEL Group, Whirlpool Corporation, Cummins Inc. and Daikin Industries Ltd are the major companies operating in the Air Filters Market.
