Latest News- Air Filter Market: Commercial is expected to lead the End-user segment during 2024-2028

The Air Filter Market is being driven by Increasing number of data centers

The Air Filter Market is expected to grow at a CAGR of 6.21% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7476.4 million. In the global construction sector, there is a growing emphasis on energy efficiency as energy constraints become more prevalent. To mitigate rising energy costs without sacrificing product quality, numerous companies are investing substantially in innovative energy-efficient solutions. The commercial sector is particularly embracing green systems to minimize environmental impact, enhance efficiency, and foster sustainability. These initiatives often lead to LEED certification and Energy Star designation. The cost savings derived from energy reduction are then channeled towards research and development of superior solutions. Furthermore, in collaboration with green building associations and councils, companies are prioritizing the implementation of advanced air filtration systems to ensure optimal indoor air quality and minimize carbon emissions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing number of data centers
• Increasing air quality concerns in HVAC systems
• Increasing demand from automotive industry

However, the market also witnesses some limitations, which are as follows:

• Lack of awareness about need to replace air filters
• Threat from counterfeit products in global air filter market
• Rise in demand for EVs

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Market Scope in Air Filter Market Research Report

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Research Analysis Overview

The Air Filter market encompasses various air filtration systems designed for HVAC systems, fan coils, air handlers, and terminal units in both industrial and residential applications. These filters help trap tiny particles, improving air quality and reducing health risks in urban areas. With rising health consciousness and standard of living, there is a growing demand for air filtration systems in passenger cars and industrial end-users to combat airborne infections, dust, and harmful particles. Stricter regulations on air pollution and respiratory illnesses, including premature deaths, further fuel market growth.

Market Research Overview

The Air Filter market is a significant segment of the larger Industrial Machinery, Supplies, and Components Market. This market caters to manufacturers producing filters for Air Moving Devices, including HVAC systems, fan coils, air handlers, and terminal units. The primary function of these filters is to trap tiny particles, ensuring optimal Indoor Climate and Energy Performance. The market's growth is driven by the expanding industrial sector, particularly in developing countries, where capacity additions in Process and Discrete Industries, such as Energy, Chemicals and Petrochemicals, Pulp and Paper, and Processed Food and Beverages, necessitate improved Air Quality Control. As per Technavio, the Industrial Machinery, Supplies, and Components Market's size is determined by the combined revenue generated by manufacturers of Machinery and Components used in the Industrial Environment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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