Residential Air Filter Market Size to Boost USD 7.71 Billion By 2032 | CAGR 7.4 % - Published by Emergen Research

The global residential air filter market size was USD 3.76 billion in 2022 and is expected to register a steady revenue CAGR of 7.4 % during the forecast period, according to latest analysis by Emergen Research. Increasing consumer awareness regarding maintaining Indoor Air Quality (IAQ) to alleviate symptoms associated with respiratory conditions, such as asthma, lung cancer, and Chronic Obstructive Pulmonary Disease (COPD) is a key factor driving market revenue growth. According to the World Health Organization (WHO), household air pollution leads to respiratory diseases, registered for around 3.2 million annual deaths, with over 237,000 fatalities including children below the age of 5, in 2020.

Residential air filters help in maintaining IAQ by effectively removing various airborne pollutants such as dust, pollen, pet dander, mold spores, and fine particulate matter. Also, air filtration systems equipped with advanced technologies, such as Ultraviolet (UV)-C, can effectively capture and neutralize airborne viruses and bacteria. In addition, technological advancement in air filtration technology such as High-Efficiency Particulate Air (HEPA) filters, activated carbon filters, UV-C sterilization is another key factor driving revenue growth of the market.

The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of Growth in the Residential Air Filter Market
Several factors are contributing to the growth of the Residential Air Filter Market. Firstly, growing health awareness among consumers, coupled with the increasing prevalence of respiratory diseases such as asthma and allergies, is driving the adoption of air filtration systems in residential spaces. Additionally, the rising levels of outdoor pollution and contaminants infiltrating indoor environments have heightened the need for effective air purification solutions. Furthermore, advancements in filtration technologies, such as High Efficiency Particulate Air (HEPA) filters, activated carbon filters, and ultraviolet (UV) germicidal irradiation, are expanding the range of options available to consumers, driving market growth.

Growth Factors and Opportunities in the Residential Air Filter Market
Despite the challenges, the Residential Air Filter Market presents several growth opportunities. The emergence of smart and connected air filtration systems equipped with sensors and IoT capabilities is poised to revolutionize the market by providing real-time air quality monitoring and customizable filtration options. Furthermore, the integration of air filtration systems into HVAC (Heating, Ventilation, and Air Conditioning) systems in residential buildings presents opportunities for market expansion. Additionally, the growing trend of eco-friendly and sustainable products is driving the demand for energy-efficient air filters made from recyclable materials, creating avenues for innovation and differentiation among market players.

The report also discusses the key players involved in the market such as:
Carrier Global Corporation 3M Company Honeywell International Inc. Lennox International Inc. Sharp Corporation Austin Air Systems, Limited Molekule, Inc. American Air Filter Company, Inc. Daikin Industries, Ltd. The Camfil Group

The report provides a thorough estimation of the overall impact of the pandemic on the Residential Air Filter Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Residential Air Filter Market

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For the purpose of this report, Emergen Research has segmented the global residential air filter market on the basis of type, technology, application, and region:
• Type Outlook (Revenue, USD Billion; 2019-2032)
o Standalone/Portable
o In-Duct

• Technology Outlook (Revenue, USD Billion; 2019-2032)
o High Efficiency Particulate Air (HEPA) Filters
o Activated Carbon Filters
o Fiberglass Filters
o Minimum Efficiency Reporting Value (MERV) Filters
o Ultraviolet (UV)-C Air Purifiers
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o General Air Quality Improvement
o Allergen Removal
o Smoke and Odor Removal
o Virus and Bacteria Elimination
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
o U.S.
o Canada
o Mexico
o Europe
o Germany
o France
o UK
o Italy
o Spain
o Benelux
o Rest of Europe
o Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of APAC
o Latin America
o Brazil
o Rest of LATAM
o Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
o Turkey
o Rest of Middle East & Africa

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