Press release
Global Residential Air Filter Market Size, Growth, Industry Trends | 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.
However, high cost of buying and maintaining residential air filter is a key factor, which could restrain market revenue growth. The initial investment required for acquisition and installation of residential air filtration systems poses a significant obstacle for consumers. Particularly, advanced high-quality air filters equipped with cutting-edge features tend to come at a higher cost, making these less accessible for consumers, especially in some developing countries.
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Key Market Insights:
General Air Quality Improvement: This segment is expected to hold the largest revenue share, as residential air filters are commonly used to enhance IAQ by removing harmful particles like dust and pollen. HEPA and activated carbon filters, known for their ability to capture fine particulate matter, are increasingly adopted worldwide.
In-Duct Filters: This segment is expected to grow at a faster rate due to the rise in urbanization and new residential construction projects. In-duct filters, commonly used in HVAC systems, offer the benefit of improving air quality across entire homes.
Technological Advancements: Residential filters equipped with advanced technologies, such as HEPA filters and UV-C sterilization, are driving the market forward. For example, Molekule Inc. introduced its new PECO-HEPA Tri-Power filter, which combines HEPA filtration with PECO technology, offering improved filtration for viruses, bacteria, allergens, and harmful gases.
Regional Insights: North America is expected to hold the largest market share, with increasing adoption of air filters to improve IAQ in homes, schools, offices, and other indoor spaces. According to the U.S. Environmental Protection Agency (EPA), Americans spend about 90% of their time indoors, where air quality can be up to five times worse than outside.
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Residential Air Filter Top Companies and Competitive Landscape
The global residential air filter market is fragmented, with several key players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new products and solutions.
Some major players included in the global residential air filter market report are:
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
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Market Segmentation:
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)
Standalone/Portable
In-Duct
Technology Outlook (Revenue, USD Billion; 2019-2032)
High Efficiency Particulate Air (HEPA) Filters
Activated Carbon Filters
Fiberglass Filters
Minimum Efficiency Reporting Value (MERV) Filters
Ultraviolet (UV)-C Air Purifiers
Others
Application Outlook (Revenue, USD Billion; 2019-2032)
General Air Quality Improvement
Allergen Removal
Smoke and Odor Removal
Virus and Bacteria Elimination
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Emergen Research | Web: www.emergenresearch.com
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