Air Filters Market (By Type: Catridge Filter, Dust Collector, HEPA Filter, Baghouse Filter; By Application: HVAC, Automotive, Bag House, Cleanroom, Gas Turbine; By End Use: Automotive, Commercial, Residential, Pharmaceutical, Semiconductor, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global air filters market is anticipated to grow at a CAGR of around 7.5% during the forecasting period 2020 to 2027 and to reach around US$ 9.6 Bn by 2027.

Market Dynamics

Air filters are widely used to removes solid particulates such as pollen, dust, and bacteria from the air. Rapid industrialization in developed and developing countries, rising health concern among employees working in various end-use industries, coupled with manufactures approach towards proper ventilation systems for quality air which are some major factors expected to drive the growth of the global air filter market. Automotive sector is flourishing across the globe with the rising technological advancement in the industry, and manufacturers are focused on deploying air filters in the facilities in order to provide fresh and quality air.  Various operational activities are carried out in the manufacturing unit air filters tend to be a better solution as they are effective for removing particles as low as 10 microns.

Pharmaceutical sector is witnessing rapid growth with the ongoing R&D activities high and investment for new drug discovery is increasing demand for high efficiency carbon filters that effectively filter the toxic contaminants this is another factors expected to support the growth of target market.

In addition, business development activities through strategic merger and acquisitions in order to increase the product portfolio and enhance the customer base are factors expected to support the growth of the target market. Major players are focused on business expansion overseas as this is expected to aid in rising customer base which is expected to increase the profit ratio.

• In 2018, Camfil Group partnered with Salvador Escoda that supplies products for air conditioning, ventilation, heating, water, renewable energy, gas, electricity, refrigeration and isolation. This agreement will help the company to expand their presence in Spain.

However, factors such as fluctuating raw material prices and high cost associated to maintenance are factor expected to hamper the growth of global air filter market.

High investment by major players for product development, new product offerings and inclination towards emerging economies in order to track the untapped market are factors responsible to create new opportunities for players over the forecast period. In addition, activities related to increasing the production capacity is another factor expected to further revenue support the target market traction.

Air Filters Market Segment Analysis, 2019

The global market is segmented into type, application, demand, and end use. The demand segment is bifurcated into OEM and replacement. Among the application the HVAC segment is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share owing to high demand for air filters from various industries such as food & beverage, pharmaceutical, automotive, etc. In addition presence of major players operating in the country and new product offerings is expected to further support the target market growth.

Asia Pacific is expected to witness faster growth in the near future Owing to rising demand from chemical and pharmaceutical industry. In addition, high adoption of HVAC systems from various industries such as food & beverage, mechanical etc. is expected to increase demand for air filter further supporting the growth of regional market.

Competitive Landscape

The competitive scenario is high due to large presence of players operating on global level. In addition, business development activities and introduction of new products in order to attract new customers are factors responsible to further increase the competition.

Report coverage

The market research study on “Air Filters Market (Type: Catridge Filter, Dust Collector, HEPA Filter, and Baghouse Filter; Application: HVAC, Automotive, Bag House, Cleanroom, and Gas Turbine; End Use: Automotive, Commercial, Residential, Pharmaceutical, Semiconductor, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global automotive navigation systems market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global automotive navigation systems market, its type, application, end use, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive navigation systems market size and segment markets by type, application, end use, and geography along with the information on companies operating in the market. The automotive navigation systems market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Mann & Hummel Group, Affinia Group Inc., Sogefi S.P.A., Mahle Group, Hengst SE & CO. KG, Donaldson Company Inc., Ahlstrom Corporation, Acdelco Corporation, Denso Corporation, and Cummins Inc.

Market Segmentation

Market By Type

• Catridge Filter
• Dust Collector
• HEPA Filter
• Baghouse Filter

Market By Application

• HVAC
• Automotive
• Bag House
• Cleanroom
• Gas Turbine

Market By End Use

• Automotive
• Commercial
• Residential
• Pharmaceutical
• Semiconductor
• Others

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa