Air Filters and Filtration Equipment Global Market to Reach $13.4 Billion by 2030: Rising Emphasis on Air Quality in Commercial Environments Underpins Revenue Growth

Dublin, March 23, 2023 (GLOBE NEWSWIRE) -- The "Air Filters and Filtration Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Air Filters and Filtration Equipment estimated at US$10.3 Billion in the year 2022, is projected to reach a revised size of US$13.4 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030.

Mechanical Filters, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$10.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Gas Phase Filters segment is readjusted to a revised 2.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 4.9% CAGR

The Air Filters and Filtration Equipment market in the U.S. is estimated at US$3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2030.

Select Competitors (Total 197 Featured) -

• 3M Company
• A.L.Filter
• AAF International
• Aerospace America Inc.
• Ahlstrom-Munksjo Oyj
• Airex Filter Corporation
• AIRTECH Japan Ltd.
• Atlas Copco
• Blueair AB
• Bruce Air Filter Company
• Camfil Group
• Clarcor Air Filtration Products Inc.
• Clarcor Industrial Air
• Cummins Filtration
• Cummins Inc.
• Delta Filtration
• Donaldson Co. Inc.
• Filtration Group Inc.
• Filtration Systems Products Inc.
• Freudenberg Filtration Technologies
• Freudenberg Group
• GVS Group
• Koch Filter Corporation
• Lydall Inc.
• Nordic Air Filtration A/S
• Purafil Inc.
• Sogefi SpA
• Spectrum Filtration Pvt. Ltd.
• Trion Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• An Introduction to Air Filters and Filtration Equipment
• Composition of the Air We Inhale by Component (in %)
• Classification of Air Filters Based on Filtration Capacity
• Classification of Air Filters Based on Filter Media
• Classification of Air Filters Based on Form Factor & Functionality
• Operating Characteristics of Air Filters
• Air Filters and Filtration Equipment: Current Market Scenario and Outlook
• Product Segment Analysis
• Mechanical Air Filters: Largest Product Category
• HEPA Air Filters Accelerate Overall Growth in Mechanical Air Filters Vertical
• Gas-phase Air Filters Assume Importance
• Electronic Air Filters Make a Cut
• While Developed Regions Remain Major Revenue Contributors, Developing Regions Emerge as Hot Spots for Future Growth
• World Air Filters and Filtration Equipment Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
• Global Air Filters and Filtration Equipment Market - Geographic Regions Ranked by Value CAGR for 2018-2025: China, Asia-Pacific, Middle East, Latin America, Africa, USA, Europe, Canada, and Japan
• STable Economic Scenario Poised to Improve Prospects for Air Filtration Equipment
• Global Economic Outlook: Real GDP Growth Rates (in %) by Country/Region for the Years 2018 through 2021
• COMPETITIVE SCENARIO
• A Note on Leading Players in the Air Filtration Equipment Market
• Mergers & Acquisitions and Geographic Expansions: The Current Norm
• Major Competitive Factors in the Marketplace
• Dispersion of Knowledge: An Important Competitive Variable
• Recent Market Activity
• Air Filters and Filtration Equipment - Global Key Competitors Percentage Market Share in 2021 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Alarming Rise in Air Pollution Levels Worldwide and the Urgent Need to Improve Air Quality: Foundation for Market Growth
• Major Indoor Pollutants and their Impact on Health: Brief Details of Pollutant, Source, and Impact on Health
• Global Indoor Air Pollution Related Fatalities by Health Condition (2020E): Percentage Breakdown of Deaths for ALRI, COPD, Ischemic Heart Disease, Lung Cancer, and Stroke
• Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2019
• Countries with the Highest Carbon Emissions Worldwide (2020E): Percentage Breakdown for China, US, India, Russia, Japan, and Others
• Air Pollution Levels (PM10 ug/m3) for Major Countries Worldwide
• Rising Incidence of Asthma and Air Borne Allergies Provide the Perfect Platform for Market Expansion
• Key WHO Facts on Asthma
• Global Asthma Facts by American Academy of Allergy Asthma & Immunology (AAAAI)
• Growing Emphasis on Maintaining Ambient Indoor Air Quality Augurs Well
• Industrial Sector: Largest Revenue Contributor
• Rising Emphasis on Air Quality in Commercial Environments Underpins Revenue Growth
• Residential Buildings: The New Growth Vertical
• Whole House Air Cleaning Systems Gather Steam
• HVAC Air Filters Gain Traction amid Rising Infrastructure Spending and Growing Deployments of Air Conditioning Units
• Infrastructure Projects on Growth Trajectory Worldwide
• World Construction Industry Size (in US$ Trillion) for the Years 2010, 2015, 2020 and 2025
• Projected Growth in the Asian Construction Market by Region and Sector (2016-2025)
• Major Construction Markets Worldwide (2005, 2010, 2015, 2020, 2025, and 2030): Market Size ($ Billion) for China, India, Indonesia, Japan, USA, and Western Europe
• Global Infrastructure Spending Estimates (as a Percentage of GDP) by Sector for 2007-2016 and 2017-2040
• Global Infrastructure Spending Estimates (as a Percentage of GDP) by Region for 2007-2016 and 2017-2040
• A Note on Current State of Air Conditioners Industry
• Global Sales of Air Conditioning Systems in Million Units for Years 2016, 2018 & 2020
• Growing Prominence of Cleaner Air in Achieving Higher Vehicle Performance Drives Demand for Automotive Air Filters
• STable Automobile Production Fuels Growth Opportunities in the OEM Market
• Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
• Aging Vehicles & Increasing Passenger Car Density Signals Opportunities in the Aftermarket
• Average Age (In Years) of Passenger Cars and Light Trucks in the US in the Year 2010, 2014 & 2018
• Average Age (In Years) of Cars in the EU (2018): Breakdown by Country
• Cabin Air Filters Offer Lucrative Growth Opportunities for Automotive Air Filters
• Persistent Need to Prevent Uncontrolled Airborne Contamination in Food & Beverage Processing Plants Boosts Prospects
• Robust Power Generation Activity Benefits Demand for Gas Turbine Inlet Air Filters
• Coalescer/Pre-filters and EPA filters: Major Components in Designing Intake Filters for Gas Turbines
• Global Gas Turbine Inlet Filter Market by Region (2019): Percentage Breakdown of Value Sales for Americas, Asia, Europe and Africa
• Relevancy of Air Quality in Nuclear Power Plants Bodes Well
• Expanding Applications in Cleanrooms that Require Acute Control of Air Quality Benefit Market Prospects
• Steady Growth in Electrical & Electronics Manufacturing Lends Traction to Market Demand
• Novel Opportunities in Healthcare Sector
• Paper Filters Market Grows Amid Rising Competition from Non-Woven Fabric Media
• Fabric Filters Market Driven by Stringent Particulate Matter (PM) Emission Norms
• Fabric Filter Media to Gain Upper Hand over Paper Filters
• Electrostatic Air Filters: Multiple Benefits Drive Healthy Growth in Demand
• Washable and Re-usable Air Filters Rise in Prominence
• Cartridge Air Filters: New Filter Media Comes to the Fore to Spur Demand
• Technology Advancements & Innovations Spur Demand for Air Filtration Equipment
• Filter Media Advancements Improve Overall Capabilities of Air Filtration Equipment
• Synteq(R) Filter Media and PowerCore(R) Dust Collection Technology
• NanoWave(TM): A Synthetic Media Alternative to Glass
• Membrane-based Air Filtration Media: A Promising Development
• Nanofiber Technology Revolutionizes Filters and Components Development
• Nylon Nanofiber-based Fabric for Filters
• A Review of Select Recent Innovations in the Air Filtration Equipment Domain
• EXALIFE and VarioPleat for Commercial Vehicles with Space Constraints
• The HVAC Load Reduction (HLR) Solution
• UD+ Coalescing Compressed Air Filters
• HemiPleat(R) FR Carbon Dust Collector with Conductive and Flame Retardant Features
• Capaceon(TM) and Nanoweb(R) for Finer Separation with Reduced Energy Consumption
• OptiAir(TM) and Fleetguard Direct Flow Technologies
• Dual Filtration System for Filtering Formaldehyde
• Ford's Novel Auto Air Filter to Eliminate 99% Pollen, Odor, and Gaseous Pollutions
• Regulatory Environment Paves Way for Wider Uptake of Air Filtration Equipment
• Occupational Safety and Health Administration (OSHA)
• ASHRAE IAQ Standards
• Laws for IAQ Improvement in Schools
• Criteria for Improved IAQ
• Types of Contaminants Present in Indoor Air and their Acceptable Levels
• ENERGY STAR Indoor Air Package
• A Note on Standards for Measuring Filtration Efficiency
• Favorable Demographic and Socio-Economic Trends Strengthen Market Prospects
• Growing Population & Urban Sprawl
• World Urban Population in Millions: 1950-2050
• Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
• Aging Population: A Weighty Demographic Driver
• Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
• Rising Living Standards & Disposable Incomes
• Growing Affluence of Expanding Middle Class Segment
• Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
• Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
• Resolving Prevailing Issues & Challenges: Critical for Future Success of the Market
• Stiff Competition from Existing Air Cleaning Technologies
• Various Air Cleaning Technologies & their Limitations
• Need for Improved Capabilities to Capture Nano-size Particles

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/dwks1f

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Attachment

• Global Market for Air Filters and Filtration Equipment