Panel Filters Market Share, Size, Trends, Industry Analysis Report, By Type (Disposable, Reusable); By Application (Residential, Non-residential); By Region; Segment Forecast, 2022 - 2030
- Published Date:Sep-2022
- Pages: 112
- Format: PDF
- Report ID: PM2553
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The panel filters market was valued at USD 7.91 billion in 2021 and is expected to grow at a CAGR of 4.3% during the forecast period. Panel filters are air filters that are designed to remove dust particles and impurities from the air. The demand for the industry is driven by the increased application in aircraft, air ionizers, satellites, internal combustion engines, gas turbines, air compressors, and others.
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Air filters are commonly marketed as air purifiers, oil filters, dust collectors, mechanical filters, and others to eliminate the impurities and bacteria present in the air. Since they are often used for grease filtration, particulate filtration, and mist removal, the demand for the industry is anticipated to grow over the forecast period. Often used for domestic and commercial purposes.
Common airborne diseases such as the common cold, whooping cough, influenza, chicken pox, and others transmit easily; therefore, it is widely used, resulting in the rapid growth of the industry. Moreover, rising concern regarding air viruses and other similar airborne diseases is boosting the growth of the industry.
Based on a research study, it has been observed that it’s also used in automotive, engineering, household appliances, healthcare, pharmaceutical industries, and others. In automobiles, the principle is to protect the vehicle from minute particles and clean the circulating air through the heating and cooling system. The demand for the industry in households is driven by its increased use of water purifiers and air conditioners for contaminated free water and pure air accordingly.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the panel filters market. The pandemic has affected the growth of the food and beverage industry, construction, automobiles, and others due to disturbance in the supply chain and declining demands of goods for manufacturing products for the related industries. Additionally, due to the increase in global warming, the installation of HVAC systems has increased for impurity-free air.
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Industry Dynamics
Growth Drivers
The growth of the global panel filters market is driven by the increase in demand for degradation of air quality levels and governmental laws and legislation. The key players operating in markets are diversifying their product portfolio based on air quality levels, government norms for filtration, and rising demand from the non-residential market. Some environmental concerns, which include increased sales of air conditioners resulting increasing pollutants that are released while functioning, hinder the industry of panel filters.
An increase in usage of the product in several consumer goods, which includes air and water purifiers, is expected to have a positive impact on industrial growth. Installation of water purifiers in homes and hotels to removal of impurities in water and installation of air purifiers in homes, restaurants, trains, and planes to kill hazardous bacteria, viruses, and microbes is likely to contribute to the growth of the industry.
Report Segmentation
The market is primarily segmented based on type, application, and region.
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By Type |
By Application |
By Region |
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Reusable panel filters accounted for the largest market share in 2021
Reusable filter dominates the market for panel filter as they are convenient to use as compared to disposable ones. Panel filters are made from nonwoven needle-sized material and embedded into aluminum, steel, and stainless-steel channels. However, reusable filters can be cleaned every three to four months and reused. So, they are costly compared to disposable panels.
It eliminates the inconvenience and expense of purchasing, storing, and replacing filters. The demand for the reusable panel filters market is driven by the increased application in kitchen exhaust fan mesh air filters, grease collection baffle air filters, mesh air filters, and general use mesh air filters.
Reusable panel filters are found in the HVAC system and HEPA. The demand for the panel filters market is attributed to the rising availability of a wide range of reusable panel filters, including heating and ventilation systems, air handling units, and many others. They are manufactured, offering dust holding capacity, pressure drops, and variation of airflow capacity. Some reusable panel filters are used at high air velocities and are incombustible.
Non-residential sector accounted for the largest market share in 2021
The application for panel filters is growing due to increased demand from building and construction, food and beverages, healthcare and pharmaceuticals, data centers, and other industries. Due to theCovid-19 impact, there is a growth in the healthcare and pharmaceutical industry. The impact of global warming has led to the increased production and installation of HVAC and HEPA filters.
Furthermore, the growth of the market is accelerated by the increased demand for panel filters in the automotive sector. It purifies the circulating air through the heating and cooling system and decreases factors affecting the growth of pollutants.
Asia Pacific is projected to grow at the highest growth rate during the forecast period
The market in the Asia Pacific is estimated to grow at the fastest rate in the panel filters market during the forecast period. The rising number of projects in the pharmaceutical and healthcare sector is anticipated to stimulate industry growth due to the increasing demand for air conditioners, hospital air purifiers, water purifiers, and filtration masks. In addition, the growing building & construction projects in the commercial and residential sectors are expected to drive demand over the forecast period. In addition, factors such as
The rising industrialization causes an increase in air pollution across the region. Hence, to avoid environmental pollution, the government is taking several initiatives. For instance, in 2018, China launched the biggest air purifier and received positive feedback from the adjacent sectors.
Competitive Insight
Some of the major players operating in the global market include AFPRO Filtration Group, Air Power, Inc., Associated Equipment, Camfil AB, Clean Room West, Con- Air Industries, Donaldson Company, Florence Filter Corporation, Flow Sciences, Inc., Freudenberg Filtration Technologies, HDT Global, Koch Filter Corporation, Labconco Corp., Mann+ Hummel, Modern Safety Techniques, Porvair Filtration Group, The Bakers Co., Tidewater Air Filter Fabrication Co., Tri-Mer Corp,
Recent Developments
In 2020, Camfil expanded its business in Australia and Sweden.
A new innovation in 2021, the product named Camclose introduced by Camfil for gas turbines and turbomachinery’s, to extend the service life of the final filter.
Freudenberg filtration technologies in 2020, introduced three layered Collectex mask filters to help spreading of airborne diseases, which were mostly used in the period of covid-19.
Panel Filters Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 7.91 billion |
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Revenue forecast in 2030 |
USD 11.51 billion |
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CAGR |
4.3% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
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Segments covered |
By Type, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
AFPRO Filtration Group, Air Power, Inc., Associated Equipment, Camfil AB, Clean Room West, Con- Air Industries, Donaldson Company, Florence Filter Corporation, Flow Sciences, Inc., Freudenberg Filtration Technologies, HDT Global, Koch Filter Corporation, Labconco Corp., Mann+ Hummel, Modern Safety Techniques, Porvair Filtration Group, The Bakers Co., Tidewater Air Filter Fabrication Co., Tri-Mer Corp, |
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