Air Filtration Market Scope
Air filtration is a process designed to remove impurities and contaminants, enhancing indoor air quality. Air filters cleanse, purify, and reduce the overall number of particulates and other impurities present in an air source. Air filtration is the technology used most widely to remove particles from an air stream due to its relative ease and flexibility. Air filters are devices used to remove airborne particles, pollutants, and micro-organisms that are health hazards and can damage the ecosystem. There are two basic types of air filters Filters for solids and filters for gaseous particles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Daikin Industries Ltd (Japan), Camfil (Sweden), MANN +HUMMEL (Germany), Parker Hannifin Corp (United States), Cummins Inc (United States), Donaldson Company Inc (United States), SPX Flow Inc. (United States), Absolent Group AB (Sweden), Lydall Gutsche GmbH and Co.Kg (Germany), Purafil,Inc.(United States) and 3M Company (United States) |
CAGR | 20.3% |
Research Analyst at AMA estimates that Germany Manufacturers will contribute to the maximum growth of Global Air Filtration market throughout the predicted period.
Daikin Industries Ltd (Japan), Camfil (Sweden), MANN +HUMMEL (Germany), Parker Hannifin Corp (United States), Cummins Inc (United States), Donaldson Company Inc (United States), SPX Flow Inc. (United States), Absolent Group AB (Sweden), Lydall Gutsche GmbH and Co.Kg (Germany), Purafil,Inc.(United States) and 3M Company (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are American air filters company Inc. (United States), ANAND Group (India) and Ahlstrom-Munksjö Oyj (Finland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Air Filtration market by Type and Region with country level break-up.
On the basis of geography, the market of Air Filtration has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, Rensa Filtration, a manufacturer and distributor of consumable, mission-critical air filtration products, announced that it had recently completed the acquisition of Smith Filter, based in Moline, IL. This acquisition expands Rensa’s product portfolio into metal air filters. Smith’s metal filters help protect equipment and processes in commercial and industrial filtration applications involving high temperatures and harsh environments.
In May 2021, Daikin announced the launch of its new series of air purifiers for the Middle East and African region. The move follows the company's recent directive to introduce key solutions designed to further enhance indoor air quality and comfort levels.
Influencing Trend:
Increasing health problems due to rising air pollution and Growing usage of air filters in the hospitality as well as industrial sector
Market Growth Drivers:
Increase in demand across the automotive industry, Increasing funding activities and Enforcment of strict regulations
Challenges:
High capital investment and ozone emissions and High initial installation and maintenance cost
Restraints:
High initial cost and The technological limitations of air filters
Opportunities:
The rise in government initiatives as well as investments in clean air, Rising technological advancement in the air-conditioning system and Increasing the installation of air filters promotes growth
Key Target Audience
Manufacturers, Distributers, Providers, Suppliers and Others