What is the Market Size and Growth Forecast for the Global Panel Filters Market?
The panel filters market size has seen significant growth of late and is predicted to soar from $5.87 billion in 2024 to $6.2 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. This steady growth during the historic period can be attributed to heightened concerns about air quality and indoor pollution, the rise in industrial and manufacturing activities, and the expansion of HVAC and air filtration systems. More stringent environmental and occupational health regulations, as well as increased awareness of respiratory health and allergies have also significantly influenced market growth.
The market is expected to further escalate and reach an impressive $8.04 billion in 2029 at a CAGR of 6.7%. This future growth can be linked to a variety of factors including adoption of high-efficiency panel filters for cleanrooms, expansion of data centers and critical environment facilities, as well as research and development in nanofiber and electrostatic filtration. There are also increasing demands for energy-efficient and low-pressure drop filters, as well as panel filters in the transportation and automotive industries. Major trends in the forecast period include smart and IoT-enabled air filtration systems, advanced filtration media and nanofiber technology, low-profile and space-saving filter designs, and an emphasis on filtration in commercial and public buildings.
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What are the Key Drivers for the Growth of the Panel Filters Market?
One of the key growth drivers for the panel filters market is the rapid deterioration of air quality levels. Indoor air quality, affected by both interior and exterior contaminants such as dust, pollen, fibers, metal or wood particles, bacteria, and microorganisms, has profound impacts on human health, resulting in ailments such as headaches, dizziness, and fatigue, as well as throat, nose, and eye irritation. Panel filters are thus utilized to cleanse the air within residential and work environments, helping to minimize this health burden. A case in point is the city of Mumbai that experienced an alarming particulate matter (PM) 2.5 annual average of 46.4 micrograms/cubic meter in 2021, almost nine times the World Health Organization’s recommended limit. This deficiency in air quality underscores the market drive for more efficient and effective panel filters.
Which are the Major Segments within the Global Panel Filters Market?
-The panel filters market covered in this report is segmented by:
1. Type: Disposable Panel Filters, Reusable Panel Filters
2. Material: Fiberglass, Synthetic, Other Materials
3. Application: Residential, Non-residential
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Who Are the Top Players in the Panel Filters Market?
There have been several major players driving the panel filters market, including 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.
What are the Emerging Trends in the Panel Filters Market?
The key trend influencing the panel filters market lies in the development and innovation of new products for residential and commercial applications. Companies are increasingly striving to offer enhanced filter designs, improved performance air filtration media, and improved system designs to cater for more advanced industrial processes. An example of such advancements is Samsung Electronics that launched an innovative air filter technology in February 2023, using photocatalysts like copper oxide and titanium dioxide to remove particulate matter (PM) and volatile organic compounds (VOCs). This solution can last up to 20 years without requiring frequent filter replacements, lowering disposable waste and cutting costs, making it well-suited for compact air purification systems.
Which Region has the Strongest Panel Filters Market Growth?
Asia-Pacific was the largest region in the panel filters market in 2024. The report also covers the market in other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Panel Filters Market Report 2025 Offer?
Panel filters play a vital role in filtering out dust and other airborne impurities, using a negative pressure system to cleanse particles ranging in size from 1 micron to 50 microns. Apart from preventing particle contamination of engine oil, panel filters also guard against wear and tear caused by particle abrasion.
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