Global Panel Filters market share 2024, Forecast To 2033
7 Feb, 2024
The panel filters market has similarly demonstrated strong growth, escalating from $5.59 billion in 2023 to $5.92 billion in 2024, showcasing a CAGR of 5.9%. The historic period growth is attributed to increased concerns about air quality, the rise in indoor pollution, growth in industrial and manufacturing activities, expansion of HVAC and air filtration systems, and adherence to stringent environmental and occupational health regulations. Projections for 2028 envision the market reaching $7.53 billion with a CAGR of 6.2%, driven by factors such as the adoption of high-efficiency panel filters for cleanrooms, expansion of data centers, research and development in nanofiber and electrostatic filtration, and the growing demand in transportation and automotive industries. Major trends include smart and IoT-enabled air filtration systems, advanced filtration media and nanofiber technology, and air quality monitoring.
Global Panel Filters Market Key Driver
Deteriorating air quality levels are driving the growth of the panel filters market. Indoor air quality has a direct impact on health, with contaminants causing various health issues. The IQAir report revealed Mumbai's particulate matter (PM) 2.5 levels in 2021 were nearly nine times the WHO limit. As awareness about air quality rises, the demand for panel filters intensifies, contributing to the market's expansion. The critical role panel filters play in purifying indoor air makes them a crucial component in addressing environmental concerns, indicating sustained growth in the panel filters market.
Get A Free Sample Of The Global Panel Filters Market ReportGlobal Panel Filters Market Segments
The global panel filters market covered in this report is segmented –
1) By Type: Disposable Panel Filters, Reusable Panel Filters
2) By Material: Fiberglass, Synthetic, Other Materials
3) By Application: Residential, Non-residential
By Geography: The regions covered in the Panel Filters market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the panel filters market in 2023. The regions covered in the panel filters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Panel Filters Industry Players
American Air Filter Company Inc., Koch Filter Corporation, AFPRO Filters B.V., Filter Equipment Company Inc., Camfil AB, Donaldson Company Inc., Mann+Hummel GmbH, Parker Hannifin Corporation, Freudenberg Filtration Technologies, Filtration Group Corporation, Clarcor Inc., Ahlstrom-Munksjö Oyj, Spectrum Filtration Pvt. Ltd., Purafil Inc., Universal Air Filter Company, Minnesota Mining and Manufacturing Company, Airguard Industries Inc., Baldwin Filters Inc., Columbus Industries Inc., General Electric Company, Honeywell International Inc., Purolator Inc., Nederman Holding AB, Trion Inc., HAGUE Quality Water, Permatron Corporation, Pentair plc
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Panel Filters Market Overview
Panel filters refer to air filters that filter out dust and other airborne impurities. They use a negative pressure system to clean particles ranging in size from 1 micron to 50 microns. In addition to preventing particle contamination of the engine oil, panel filters also protect mechanical components from wear and tear brought on by particle abrasion.
Panel Filters Global Market Report 2023 provides data on the global panel filters market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The panel filters market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.