Market Size –
The panel filters market size has grown strongly in recent years. It will grow from $5.59 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increased concerns about air quality and indoor pollution, growth in industrial and manufacturing activities, expansion of hvac and air filtration systems, stringent environmental and occupational health regulations, rise in awareness of respiratory health and allergies.
The panel filters market size is expected to see strong growth in the next few years. It will grow to $7.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to adoption of high-efficiency panel filters for cleanrooms, expansion of data centers and critical environment facilities, research and development in nanofiber and electrostatic filtration, need for energy-efficient and low-pressure drop filters, emphasis on filtration in commercial and public buildings, growing demand for panel filters in 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, pleated panel filters for increased surface area, air quality monitoring and indoor environmental quality (ieq).
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Scope Of Panel Filters Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Panel Filters Market Overview
Market Drivers –
The deteriorating air quality levels is expected to propel the growth of the panel filters market going forward. A building’s interior and exterior air quality is referred to as its indoor air quality. Contaminants found in indoor air include dust, pollen, fibers, metal or wood particles, hair and animal fur, bacteria, and microorganisms. In addition to causing headaches, dizziness, and fatigue, these contaminants have a negative impact on health by irritating the eyes, nose, and throat. Panel filters are used for the purpose of purifying the air of a workspace or home by preventing air pollution for instance, in March 2022, according to a report published by IQAir, a Switzerland-based air quality technology company, Mumbai had a particulate matter (PM) 2.5 annual average of 46.4 micrograms/cubic metre in 2021, which was nearly nine times the WHO limit. Therefore, the deteriorating air quality levels are driving the growth of the panel filters market.
The 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
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Regional Insights –
Asia-Pacific was 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.
Key Companies –
Major companies operating in the panel filters market include 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
Table of Contents
1. Executive Summary
2. Panel Filters Market Report Structure
3. Panel Filters Market Trends And Strategies
4. Panel Filters Market – Macro Economic Scenario
5. Panel Filters Market Size And Growth
…..
27. Panel Filters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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