Emergen research’s Global Residential Air Filter Market research study is a comprehensive compilation of insightful data on the Residential Air Filter industry. The report conducts extensive research on the factors that have an impact on the expansion of the Residential Air Filter market as well as the expansion of the industry. The advantages and disadvantages of the pandemic for the keyword business are covered in great length in the paper. Due to supply chain interruptions and economic unpredictability, the dynamics of the keyword business have shifted. The most significant geographic and market segmental effects of the pandemic are examined in the paper. The segmentation of the Residential Air Filter market is included in the study, along with a thorough breakdown of its size and value. This research goes into great detail on the projected timeline from 2023 to 2032 as well as the current period’s Residential Air Filter market scenario. For each industry vertical, segment, end-use industry, application, region, and industry vertical, the Residential Air Filter market report offers a thorough examination of the previous, current, and projected revenues.
The global residential air filter market size was USD 3.76 Billion in 2022 and is expected to register a rapid revenue CAGR of 7.4% during the forecast period. Rapid adoption of residential air filters owing to increasing levels of air pollution is a major driving factor driving market revenue growth. Consumers around the world are making substantial investments in household air purification and filtration solutions to escalate rising level of air pollution. According to the World Health Organization (WHO), around 99% of the entire global population inhales air that surpasses the recommended WHO limits for ambient air quality, which contains high levels of pollutants. In addition, around 6.7 million premature deaths are affected by ambient air pollution. Residential air filters are highly effective in capture and filtering ambient air pollution particles including dust, harmful gases, Volatile Organic Compounds (VOCs) and fine particulate matter (minimum 0.3 µm) with an industry standard efficiency of 99.97%.
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The Residential Air Filter research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Residential Air Filter market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Residential Air Filter market landscape.
The key companies studied in the report are:
Carrier Global Corporation, 3M Company, Honeywell International Inc., Lennox International Inc., Sharp Corporation, Austin Air Systems, Limited, Molekule, Inc., American Air Filter Company, Inc., Daikin Industries, Ltd., and The Camfil Group
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter’s Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
On the basis of type, the market is segmented into
-
Type Outlook (Revenue, USD Billion; 2019-2032)
- Standalone/Portable
- In-Duct
-
Technology Outlook (Revenue, USD Billion; 2019-2032)
- High Efficiency Particulate Air (HEPA) Filters
- Activated Carbon Filters
- Fiberglass Filters
- Minimum Efficiency Reporting Value (MERV) Filters
- Ultraviolet (UV)-C Air Purifiers
- Others
-
Application Outlook (Revenue, USD Billion; 2019-2032)
- General Air Quality Improvement
- Allergen Removal
- Smoke and Odor Removal
- Virus and Bacteria Elimination
- Others
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
- The report provides a forecast of market drivers, restraints, and future opportunities for the Residential Air Filter market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
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