With Market Size Valued at $11.3 Billion by 2026, it`s a Healthy Outlook for the Global Air Filters and Filtration Equipment Market

SAN FRANCISCO, March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Air Filters and Filtration Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Edition: 19; Released: February 2022
Executive Pool: 10950
Companies: 197 - Players covered include 3M Company; A.L.Filter; AAF International; Aerospace America Inc.; Ahlstrom-Munksjö Oyj; Airex Filter Corporation; AIRTECH Japan Ltd.; Atlas Copco; Blueair AB; Bruce Air Filter Company; Camfil Group; Clarcor Air Filtration Products Inc.; Clarcor Industrial Air; Cummins Filtration; Cummins Inc.; Delta Filtration; Donaldson Co. Inc.; Filtration Group Inc.; Filtration Systems Products Inc.; Freudenberg Filtration Technologies; Freudenberg Group; GVS Group; Koch Filter Corporation; Lydall Inc.; Nordic Air Filtration A/S; Purafil Inc.; Sogefi SpA; Spectrum Filtration Pvt. Ltd.; Trion Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Mechanical Filters, Gas Phase Filters, Electronic Filters); Application (Industrial, Commercial, Residential)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Air Filters and Filtration Equipment Market to Reach $11.2 Billion by 2026
Air filters and filtration equipment are technology solutions specially designed to remove airborne contaminants such as dust particles, odors, molds, gases, and other toxic pollutants from surrounding environments. With applications in diversified end-use industries spanning across consumer, industrial, manufacturing to commercial and automotive sectors, air filters and filtration equipment market is immensely influenced by changes in government regulations and actions taken by green environmentalist groups to mitigate environmental concerns and issues. Amid the COVID-19 crisis, the global market for Air Filters and Filtration Equipment estimated at US$9.8 Billion in the year 2022, is projected to reach a revised size of US$11.2 Billion by 2026, growing at a CAGR of 3.3% over the analysis period. Mechanical Filters, one of the segments analyzed in the report, is projected to grow at a 3.3% CAGR to reach US$9.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gas Phase Filters segment is readjusted to a revised 2.9% CAGR for the next 7-year period. This segment currently accounts for a 10.9% share of the global Air Filters and Filtration Equipment market.

The U.S. Market is Estimated at $2.6 Billion in 2022, While China is Forecast to Reach $2.1 Billion by 2026
The Air Filters and Filtration Equipment market in the U.S. is estimated at US$2.6 Billion in the year 2022. The country currently accounts for a 27.07% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.1 Billion in the year 2026 trailing a CAGR of 5.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR while Rest of European market (as defined in the study) will reach US$2.3 Billion by the end of the analysis period.

Growing media focus on poor air quality, health-related issues, and outbreak of epidemics, and of course the current pandemic have played instrumental roles in stepping up consumer awareness, and have greatly emphasized the importance of inhaled air quality in industrial and commercial buildings, homes, and schools. The growing magnitude of air pollution and its impact on the ecology and human health has pushed worldwide governments into taking initiatives designed to control levels of air pollution. Developments in nanotechnology as well as development of newer filter technologies in response to the continued pressure to meet the increasingly stringent environmental standards will positively influence market prospects in the near term. Tighter air emission standards set in place by worldwide environmental agencies for the automotive industry, which ranks as a key polluter provoking regulatory bodies to tighten legislations governing emissions in this industry, and recovering global automotive production are poised to benefit the automotive air filters market in the coming years.

Electronic Filters Segment to Reach $1 Billion by 2026
In the global Electronic Filters segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$629.8 Million will reach a projected size of US$797 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$135.1 Million by the year 2026, while Latin America will expand at a 3.8% CAGR through the analysis period. More

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