Regional Market Insights, Competitive Landscape, and Strategic Recommendations
(PRUnderground) December 8th, 2023
The market size of air cleaner filters is anticipated to increase by USD 9.50 billion, demonstrating a nearly 6.97% Compound Annual Growth Rate (CAGR), as per the latest market research report by Technavio. The primary catalyst for the expansion of the air cleaner filter market is the surge in emissions resulting from increased economic activities. Elevated industrial manufacturing and infrastructure development accompanying economic growth release pollutants such as sulfur dioxide. The heightened energy needs driven by economic and population growth lead to increased electricity demand and higher coal consumption, resulting in augmented greenhouse gas emissions. This surge in energy requirements particularly propels the demand for air cleaner filters, notably in the power generation sector. The report provides an updated analysis of the current market scenario, recent trends, drivers, and the overall market environment.
Air Cleaner Filters Market 2024-2028: Segmentation
- Distribution Channel
- North America
- Middle East And Africa
- South America
Substantial growth is anticipated in the HVAC segment during the forecast period, encompassing commercial, residential, and industrial sectors. Particularly, the commercial sector holds a significant market share. The adoption of advanced air purification filters has been prompted by the deterioration of indoor air quality (IAQ).
Air Cleaner Filters Market 2024-2028: Company Analysis and Scope
Technavio offers a detailed analysis of approximately 25 companies in the market to assist businesses in improving their market position. Some of these companies include American Air Filter Co. Inc., Camfil AB, Carrier Global Corp., Cummins Inc., Daikin Industries Ltd., Dyson Group Co., Filtration Group Corp., Honeywell International Inc., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., MANN HUMMEL International GmbH and Co. KG, Panasonic Holdings Corp., Parker Hannifin Corp., Samsung Electronics Co. Ltd., Sharp Corp., Unilever PLC, United Filter Industries Pvt. Ltd., Whirlpool Corp., and Donaldson Co. Inc.
The report covers the following areas:
- Air Cleaner Filters Market size
- Air Cleaner Filters Market trends
- Air Cleaner Filters Market industry analysis
The air cleaner filters market is fragmented, and this fragmentation is expected to accelerate. While the recovery in the automotive industry and the development of next-generation engines present growth opportunities, the increasing sales of electric vehicles pose a challenge to market growth.
Air Cleaner Filters Market 2024 – 2028: Market Dynamics
Leading Trends Influencing the Market
- Increasing concern regarding indoor air quality (IAQ) influenced by global pollution levels affecting both indoor and outdoor air quality.
- The use of synthetic materials in construction contributing to deteriorating IAQ and potential health issues like sick building syndrome and multiple chemical sensitivity.
- Elevated construction activities and urban infrastructure resurgence in the Asia-Pacific region increasing the demand for air cleaner filters and boosting market growth during the forecast period.
Air Cleaner Filters Market 2024-2028: Key Highlights
- CAGR of the market during the forecast period 2024-2028
- Detailed information on factors aiding air cleaner filters market growth in the next five years
- Estimation of the air cleaner filters market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors challenging the growth of air cleaner filters market vendors
Residential Portable Air Purifier Market: The Residential Portable Air Purifier Market size is estimated to grow at a CAGR of 12.2% between 2022 and 2027. The size of the market is forecast to increase by USD 4.12 billion.
Car Air Purifier Market: The car air purifier market size is estimated to grow at a CAGR of 9.44% between 2023 and 2027. The market size is forecast to increase by USD 1,036.69 million.
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by End-User
- Market Segmentation by Distribution Channel
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
About Technavio Research
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Original Press Release.