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2021
Residential Air Filter Market

Residential Air Filter Market By Type (Cartridge Filters, Dust Collectors, HEPA Filters, Baghouse Filters, and Others) and By End Use (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12778
Pages: NA
Oct 2021 | 151 Views
   
Author(s) : Vijay Poola
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Residential Air Filter Market Outlook - 2030

A residential air filter is a type of air purifier that filters particles such as dust, sand, and others. Residential air filters are specially designed for indoor purposes. The residential air filter helps in creating the clear environment and provides efficient heating and ventilation system. Furthermore, residential air filters remove blockage produce by dirt in coils, fan handlers, and in terminal components. Some of the important properties that have made the residential air filter popular in the market are its durability, reliability, linearity, odorless, and many others.

The companies involved in the production of residential air filter are now focusing on maximizing the quality of the residential air filter, which will provide more accurate results. This development will help the residential air filter industry to penetrate more in the market. Residential air filters find applications in diverse sectors such as offices, home, industries, and many others. All these factors are assisting the growth of residential air filter market globally.

The global residential air filter market is segmented on the basis of type, end use, and region. Based on type, the market is divided into cartridge filters, dust collectors, HEPA filters, baghouse filters, and others. In terms of end use, the market is categorized into residential, commercial, and industrial. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global residential air filter industry include Daikin Industries, Ltd, Camfil Group, Mann + Hummel, American Air Filter Company, Purafil Inc., Be Cummins, Inc., Donaldson Company, Inc., Freudenberg & Co. Kg., Absolent Group, Gutsche, and SPX Corporation. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global residential air filter market.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Type, End Use, and Region

 Regions Covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)

 Companies Covered

Daikin Industries, Ltd, Camfil Group ,Mann + Hummel ,American Air Filter Company, Purafil Inc., Be Cummins, Inc., Donaldson Company, Inc., Freudenberg & Co. Kg., Absolent Group ,Gutsche, and SPX Corporation

 

 

COVID-19 Impact Analysis

COVID-19 pandemic is a massive health emergency that has impacted almost all industries. The COVID-19 pandemic has forced all the governing bodies across the world to impose strict lockdown and restrict travel for controlling the COVID-19 outbreak, which has moderately affected the growth of business in the residential air filter market share.

In the passing year, the residential air filter market has been gathering huge traction across the globe due to its extensive use in purifying the air. However, the COVID-19 pandemic has caused significant barriers to the growth of the residential air filter industry. As companies were instructed to continue their operations only with limited workforce, the production rate of the residential air filter in the market declined, leading to the increase in price in the market, which can be proved with the help of an economic theory “price elasticity of supply”. This surge in price has lowered the demand for residential air filter market.

However, after the COVID-19 pandemic, residential air filters will regain demand in the market due to its increase in diverse and innovative areas of application such as residential, industrial, and commercial.

Top Impacting Factors

The major factors that impact the growth of the residential air filter market opportunity include emerging demand for residential air filter in industries, increase in the use of residential air filter in offices, and rise in installation for personal use.

In hospitals, the residential air filter is used to purify air. The purified air quality in the environment will help to reduce health issues and pollution. Thus, the need for residential air filters in hospitals will surge the demand for residential air filter market.

Attributed to advancement in technology, the high-efficiency particulate air (HEPA) filtration technology is extensively used in the market due to its effectiveness in eliminating particulate and has now become easily available for use in offices and home. Thus, these measures will drive the growth of the residential air filter market.

However, high cost and lack of awareness about residential air filters restrain the growth of residential air filter market.

Extensive Use of Residential Air Filter in the Residential Sector

In the residential sector, to provide healthy and clean environment, residential air filters are deployed. Residential air filters are equipped with washable and reusable air filters. Residential filters control the particulate with the help of high indoor air quality. High-efficiency particulate air filters are dominant in the market due to their superior quality and tested technology in maintaining the desirable quality level inside the room. All these factors tend to increase in demand for the residential air filter in the market.

Surge in Usage in the Automotive Industry

The installation of residential air filter in vehicles ultimately surges the demand for residential air filters in vehicles to clean the internal combustion engine covered in dust particles and enhance the efficiency of the engine. Thus, rise in demand for vehicles surges the demand for residential air filters.

Key Segments Covered

Segment

Sub-Segment

 Type

  • Cartridge Filters
  •  Dust Collectors
  • HEPA Filters
  • Baghouse Filters
  • Others

 End Use

  • Residential
  • Commercial
  • Industrial

 


Key Benefits of the Report

  • This study presents the analytical depiction of the residential air filter market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the residential air filter market trends.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the residential air filter market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed residential air filter market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Residential Air Filter Market Research Report

  • Which are the leading players active in the residential air filter market size?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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