Companies Profiled in the Air Filters Market DAIKIN INDUSTRIES. Ltd. (Osaka, Japan), Camfil (Stockholm, Sweden), MANN+HUMMEL (Ludwigsburg, Germany), PARKER HANNIFIN CORP (CLEVELAND, U.S.), Cummins Inc. (Columbus, U.S.), Donaldson Company, Inc. (Bloomington, U.S.), SPX Flow, Inc. (Charlotte, U.S.), Absolent Group AB (publ) (Lidköping, Sweden), Lydall Gutsche GmbH & Co. Kg (Fulda, Germany), Purafil, Inc. (Doraville, U.S.), Freudenberg Filtration Technologies SE & Co. KG (Weinheim, Germany)
The global air filters market size is anticipated to hit USD 23.83 billion by 2029 and exhibit a CAGR of 7.2% during the forecast period. The increasing demand from the automotive industry is expected to be a key growth driver for the market. Fortune Business InsightsTM has presented this information in its report titled, “Air Filters Market, 2022-2029”. The market size stood at USD 13.75 billion in 2021 and USD 14.68 billion in 2022.
Additionally, the rising demand for reusable air filters is anticipated to offer lucrative growth opportunities for the market in the forthcoming years.
Request to Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/air-filters-market-101676
Key Industry Developments:
- September 2020:PURAFIL, INC. installed ‘PuraShield Smart 1000portable filtration systems’ to improve indoor air hygiene for Northwestern University Athletics and Recreation. It is a multi-stage original filtration solution that eliminates nearly 99.99% of aerosols, including bacteria and viruses, from the air.
- April 2020 MANN+HUMMEL and its subsidiary Tri-Dim Filter Corporation started to supply HEPA Filter in the respirator produced by Ford. These H13 HEPA Filters reliably remove germs, microbiological contamination, and viruses from the supply air.
COVID-19 Impact-
Air Filter Demand Soared due to Increasing Indoor Air Quality (IAQ) Concerns
The coronavirus pandemic has substantially fueled the market growth. The coronavirus is highly transmissible through the air. This created a high need for advanced air filters to eliminate the minute virus. The demand for air filters significantly rose during the pandemic, which bolstered the air filters market growth. Despite the supply chain disruptions and logistical hindrances, the market has expanded and will continue expanding in the forthcoming years.
Regional Insights-
North America to Hold the Lion’s Share
North America is anticipated to attain the largest air filters market share during the forecast period. The expanding automotive industry and the growing adoption of preventive measures by the government in the region are likely to fuel the region’s market growth.
Asia Pacific is likely to exhibit the highest CAGR. The swift industrialization and urbanization across countries such as India and China are expected to boost the region’s market growth. China introduced its largest air purifier in January 2018.
Europe is predicted to witness substantial growth. The adoption of strict government initiatives in countries such as Spain, Germany, and Italy to improve air quality is likely to aid the region’s market growth.
Latin America and, the Middle East and Africa are expected to exhibit steady growth due to the demand for baghouse filters and dust collectors.
To get more information on the COVID-19 Impact on this market, Please Visit:
https://www.fortunebusinessinsights.com/industry-reports/air-filters-market-101676
Segmentation-
On the basis of type, the market is segmented into baghouse filters, HEPA filters, dust collectors, cartridge filters, and others. On the basis of end-user, the market is trifurcated into industrial, commercial, and residential. Geographically, the market is classified into the Middle East and Africa, Latin America, North America, Europe, and the Asia Pacific.
Report Coverage-
- It assesses the various restraints and drivers of market’s growth.
- It provides a detailed analysis of critical market segments: type, application, and region.
- It features an analysis of the COVID-19 pandemic’s effect on the market.
- It incorporates SWOT Analysis and Porters’ Five Forces Analysis for accurate prediction.
- It includes the latest industry developments.
Drivers and Restraints-
Expanding Automotive Industry to Promote Market Growth
The automotive industry is rapidly expanding, especially in countries such as India, China, and others. The rising demand for passenger and commercial vehicles due to improving income levels, increasing urbanization, and industrialization is likely to boost the demand for air filters and fuel the global air filters market growth. Moreover, the use of these air filters in aftermarket services is likely to complement the market growth.
Additionally, the rising demand for reusable air filters is anticipated to be a key trend stimulating the market growth. The growing adoption of sustainable alternatives to reduce harmful emissions and improve indoor air quality are likely to favor market growth.
However, the high maintenance and initial costs of installing air filters may hinder market growth.
Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/air-filters-market-101676
Companies Profiled in the Market-
- DAIKIN INDUSTRIES. Ltd. (Osaka, Japan)
- Camfil (Stockholm, Sweden)
- MANN+HUMMEL (Ludwigsburg, Germany)
- PARKER HANNIFIN CORP (CLEVELAND, U.S.)
- Cummins Inc. (Columbus, U.S.)
- Donaldson Company, Inc. (Bloomington, U.S.)
- SPX Flow, Inc. (Charlotte, U.S.)
- Absolent Group AB (publ) (Lidköping, Sweden)
- Lydall Gutsche GmbH and Co. Kg (Fulda, Germany)
- Purafil, Inc. (Doraville, U.S.)
- Freudenberg Filtration Technologies SE and Co. KG (Weinheim, Germany)
Competitive Landscape-
Key Players Emphasize Acquisitions to Amplify their Market Growth
The major market players emphasize acquisitions to amplify their global market presence. They adopt several ingenious strategies such as collaborations, mergers, new product launches, and others to magnify their growth. For instance, MANN+HUMMEL and Mercedes Benz collaborated in October 2021 to launch a “frontend module solution and underbody solution”.
Quick Buy – Air Filters Market: https://www.fortunebusinessinsights.com/checkout-page/101676
Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Air Filters Key Players Market Share Insights and Analysis, 2021
- Global Air Filters Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- Key Findings
- By Type (USD Bn)
- Cartridge Filters
- Dust Collector
- HEPA Filters
- Baghouse Filters
- Others (Mist Filters, and others)
- By End-user (USD Bn)
- Residential
- Commercial
- Industrial
- Automotive
- Chemical
- Gas Turbines
- Semiconductors
- Pharmaceuticals
- Healthcare
- Others (Food and Beverage, and others)
- By Region (USD Bn)
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
Speak to Our Analyst-
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/air-filters-market-101676
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner – Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Air Filters Market to Reach USD 23.83 Billion by 2029 | Air Filters Industry Exhibiting CAGR of 7.2% During 2022-2029
