Home Business Global Air Filter Market Share Expected to Grow USD 22.19 Billion By 2026 – GlobeNewswire

Global Air Filter Market Share Expected to Grow USD 22.19 Billion By 2026 – GlobeNewswire

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New York, NY, June 23, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “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”.

“According to the research report, the global Air Filter Market was estimated at USD 13.3 Billion in 2020 and is expected to reach USD 22.19 Billion by 2026. The global Air Filter Market is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2021 to 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.

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Our Free Sample Report Includes:

  • 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

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Industry Major Market Players

  • Daikin Industries Ltd.
  • Camfil
  • Mann+Hummel
  • PARKER HANNIFIN CORP
  • American Air Filter Company Inc.
  • Be Cummins Inc.
  • Donaldson Company Inc.
  • Wetzel Technologies
  • SPX Corporation
  • MayAir Group
  • Airventil Pvt Ltd.
  • Absolent Group AB
  • V&T Group BV
  • HEPA Corporation
  • DuPont
  • Fildex Filters

To know an additional revised 2020 list of market players, request a sample report: https://www.fnfresearch.com/sample/air-filter-market         

Market Dynamics & Growth Factors Analysis

Here are some noteworthy developments in the air filter sectors that can affect the market perspective during the forecast:

  • Camfil and CYY SYSTEM AB signed an MOU in order to utilize Camfil’s air filtration system for the aviation and aircraft sector in order to provide a better quality of cabin air quality.
  • MANN+HUMMEL recently launched the ‘Aircube 4v ePM1 60% compact air filter’ for HVAC systems in residential and commercial buildings. The filter has recently been granted the A+ energy rating as per EUROVENT ISO 16890 standards.

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.

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Global Air Filter Market: Segmentation

The global air filter market can be segmented into types, end-users, and regions.

The global air filter market can be divided into cartridge filters, dust collector, HEPA filters, baghouse filters, and others. The other segment can be further broken down into mist filters, and others. HEPA filters are expected to witness the largest market share during the forecast owing to their distinct property to eliminate minute particles with an efficiency of over 99.97%. These filters further possess advanced filtering techniques such as diffusion which makes them highly valuable in a variety of sectors such as healthcare, automobile, commercial & residential buildings, and other similar applications. Dust collectors are expected to witness the fastest growing CAGR during the forecast owing to their capability to manage a higher quality of air. The global air filter market can be fragmented 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.

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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

  • Cartridge Filters
  • Dust Collector
  • HEPA Filters
  • Baghouse Filters
  • Others

Global Air Filter Market: By End-User Segment Analysis

  • Residential
  • Commercial
  • Industrial
    • Automotive
    • Chemical
    • Gas Turbines
    • Semi-Conductors
    • Healthcare
    • Pharmaceuticals
    • Food & Beverage
    • Others

KEY REPORT POINTERS & HIGHLIGHTS:

  • Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
  • Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
  • Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable  Segments and Sub-segments of the Market
  • Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
  • Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
  • Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
  • Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
  • Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
  • Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market

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