Air Filters Market to Witness Robust Growth Expansion by 2027

Posted on Sep 28 2022 2:01 PM

"Air Filters Market Size, Share & COVID-19 Impact Analysis, By Type (Cartridge Filters, Dust Collectors, HEPA Filters, Baghouse Filters, and Others), By End-User (Residential, Commercial, and Industrial), and Regional Forecast, 2022-2029 "

According to the latest report, titled “Air Filters Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast’ the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The Air Filters Market is projected to grow from USD 14.68 billion in 2022 to USD 23.83 billion by 2029, exhibiting a CAGR of 7.2% during the forecast period.

This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Air Filters Market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Air Filters Market.

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A few top players in the industry are-

  • Daikin Industries, Ltd
  • Camfil Group
  • Mann + Hummel
  • American Air Filter Company
  • Be Cummins, Inc
  • Donaldson Company, Inc
  • Freudenberg & Co. Kg.
  • SPX Corporation
  • Absolent Group
  • Gutsche
  • Purafil Inc.

The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Air Filters Market and the market concentration is described in the report.

Regional Analysis:

On the basis of Geography, the Global Air Filters Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Air Filters Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.

The growing number of Air Filters Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.

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Drivers and Restraints

Healthy Demand for Air Filtration Systems from the Auto Industry to Fuel Market Growth

The automotive industry uses advanced HEPA air filters to ensure a clean breathing atmosphere inside vehicles to ensure passenger and driver safety. In addition, companies have developed this technology as an important measure to tackle the spread of COVID-19. In March 2020, for instance, a small team from Webasto in Italy used techniques and developed advanced HEPA systems for preventing contamination and tackling COVID-19 infections by preventing the spread of the virus. The filters are reusable and offer great aftermarket value for the automotive industry. Therefore, the rising adoption of air filtration systems is expected to drive the air filters market growth.

An overview of the Air Filters Market’s regional outlook:

The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.

Regional Insights

Rapidly Growing Automotive Industry to Foster the North America Market Expansion

North America is expected to dominate the air filters market share for the foreseeable years due to the escalation of the automotive industry in the region. The rising demand for automobiles in the region has fueled the market, as domestic automakers are speedily adopting advanced air filtration solutions in their vehicles.

In Asia Pacific, the augmentation of urbanization and industrialization trends has adversely affected the air quality in the region. As a result, pollution and the rapidly increasing cases of COVID-19 have boosted the demand for air filters to maintain healthy air quality for patients. In Europe, stringent government regulations for deploying filters to enhance the air quality in indoor spaces have bolstered the market in the region.

FAQs:

  1. What is the driving factor for the growth of the Air Filters Market?
  2. How will the COVID-19 pandemic impact the demand and consumption of the Air Filters Market?
  3. What is the major application area of the Air Filters Market?
  4. Who are the Air Filters Market manufacturers across the globe?
  5. Which geographical location is dominant in the Air Filters Market?
  6. Which are the top industry players in the Air Filters Market?

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