Residential Filters Market size worth over $4 Bn by 2027
Published Date: June 17, 2021 Authors: Kunal Ahuja, Sonal Singh
Residential Filters Market size is set to surpass USD 4 Billion by 2027; according to a new research report by Global Market Insights Inc.
The fiberglass filters are thick, highly porous and are available in standard and special sizes for its wide use in various systems for protecting parts such as cooling coil, heat exchanger, motor and fans. These wide application of fiberglass filters in multiple system led to propel the market growth. Additionally, fiberglass filter is used in systems for protecting its parts from dirt and improving efficiency of system parts boosting product demand.
Rising demand for high efficiency particulate filters to remove ultrafine particles from air
HEPA residential filters holds the major residential filters market share with around 20% in 2020 and is projected to reach USD 545 million by 2027. Development of new advanced technologies in HEPA filter along with increasing demand for high efficiency particulate filters is likely to drive the product demand. Furthermore, increasing trend of cleanroom air filtration systems and advancements in the HEPA air filter anticipated to fuel market growth. HEPA filters are effective in removal of ultrafine particles such as pollen, mold, bacteria, dust and other air borne particles up to size 0.3 microns from the air.
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Wide usage of MERV 6-10 efficiency filters including bag filters, pleated filters, and rigid style box filters to foster market revenue
MERV 6-10 efficiency residential filters are expected to capture more than 40% market share by 2027. MERV 6-10 are efficient household air filters as it is 70% efficient in removal of air particles. Moreover, the product is effective in removal of dirt particles from 3-10 microns in size and are widely used as pleated filter and disposable filter. It offers efficiency in capturing the smallest of particles which improves over all home environment and results in healthier living space. Smokers or residents with allergies or asthma are attracted to this kind of filter, augmenting market demand.
Browse key industry insights spread across 250 pages 253 market data tables and 36 figures & charts from the report “Residential Filters Market Size By Type (Fiberglass Filter, Pleated Filter, Electrostatic Filter, Carbon Air Filter, HEPA, Pocket), By Efficiency (MERV 1-4, MERV 6-10, MERV 10-13, MERV 14-16, and MERV 17-20), By Applications (Single Family, Multi-family), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Multiple-family application to show lucrative growth owing to presence of many-family and high risk of virus and disease spread.
The residential filters market from multiple family application segment is poised to observe over 7.5% CAGR through 2027. Multiple-family homes include multi story houses and buildings which have increased need for air filters due to presence of many families and pets in multi-story houses. Increasing demand for HVAC and air filtration systems from multi-story houses as they come across increased amount of indoor and outdoor air pollutants will spur the market outlook. Increasing number of individuals with respiratory illness along with consumer inclination towards improved air flow quality for breathing will stimulate the market statistics.
Growing demand for energy efficient and eco-friendly air filters in the Europe region
Europe residential filters market is projected to reach USD 830 million by 2027. Increasing exposure of individuals to air pollutants has led to adoption of air purifiers in the Europe region to stimulate product growth. European region is witnessing growing awareness about air purifiers and increasing penetration of HEPA air purifiers. The product is widely used in HEPA air filters for removal of contaminants from environment and leads to air purification. However, increasing demand for energy efficient and eco-friendly air filters in the region driven by growing consumer awareness and government regulation towards air purification is set to enhance demand.
Industry participants are implementing multiple strategies such as partnership merger and acquisition and investing on product innovation and portfolio expansion to sustain their position in the global market. The major residential filters market players include Mann+Hummel, Filtration Group, Donaldson Company, Camfill AB, Parker Hannifin, Freudenberg Group, ACS Industries, Inc., AAF International, and BWF Envirotec and many other players in the market play significant role.