Authored By: Sarah
26 Nov 2020

Air Cleaner Filters Market Size to Grow by $ 5.9 bn through 2020-2024

The air cleaner filters market is expected to grow by $ 5.9 bn, accelerating at a CAGR of almost 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report

Air Cleaner Filters Market: Segmentation by End-user

This report provides a detailed analysis of the market by End-user (HVAC, Industrial, Automotive, and Others) and Geography (APAC, Europe, North America, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Air Cleaner Filters Market to Post a CAGR of Almost 6% in 2020-2024 | APAC to Dominate Growth  

Air Cleaner Filters Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Camfil AB, Cummins Inc., Daikin Industries Ltd., Donaldson Co. Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, MAHLE GmbH, MANN+HUMMEL, and Parker Hannifin Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Technavio has been monitoring the global air cleaner filters market and it is expected to grow by USD  5.9  billion accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Air Cleaner Filters Market to Post a CAGR of Almost 6% in 2020-2024 | APAC to Dominate Growth  

Air Cleaner Filters Market: Segmentation by End-user

During 2019, the HVAC segment accounted for the major share of the Air Cleaner Filters Market.  The commercial sector contributes a significant share to the market. The decline in indoor air quality (IAQ) has resulted in the use of better air cleaner filters. The rising construction activities in the US will further drive the demand for air cleaner filters. The alarming levels of pollution in India and China will also drive the demand for air cleaner filters in the HVAC segment.  Market growth in the HVAC segment will be faster than the growth of the market in the automotive segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the air cleaner filters market size.

Air Cleaner Filters Market: Segmentation by Geography

APAC was the largest Air Cleaner Filters Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increased sales of passenger and commercial vehicles will significantly drive air cleaner filters market growth in this region over the forecast period. 56% of the market growth will originate from APAC during the forecast period. China and India are the key markets for air cleaner filters in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Air Cleaner Filters Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Camfil AB, Cummins Inc. and Daikin Industries Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

 

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