According to the report titled ‘Residential Filters Market Size By Type (Fiberglass Filter, Pleated Filter, Electrostatic Filter, Carbon Air Filter, HEPA, Pocket), By Efficiency (MERV 1-4, MERV 6-10, MERV 10-13, MERV 14-16, and MERV 17-20), By Applications (Single Family, Multi-family), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’ available with MarketStudyReport, global residential filters market is expected to witness significant growth during 2021-2027.
 

Soaring demand for efficient air filters backed by customer emphasis on access to cleaner indoor air is the key factor catalyzing the growth of global residential filters market. 

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During the COVID-19 outbreak, research showed a direct correlation between long-term air pollution exposure and coronavirus mortality rates. It was also discovered that airborne viruses can spread infection, highlighting the importance of effective air purification systems capable of removing viruses and pathogens from the air.

As people were compelled to remain indoors owing to government-imposed lockdowns during pandemic, demand for optimal indoor air quality (IAQ) to prevent the spread of the new virus bolstered. This factor, along with academic & commercial research to improve IAQ capability of equipment is favoring the market outlook. 

Based on type, the carbon air filter segment of worldwide residential filters industry was worth USD 495 million in 2020 and is projected to expand at 7% CAGR during the analysis period.

In terms of efficiency, the MERV 1-4 sub-segment is predicted to grow at 7.9% CAGR, reaching a valuation of USD 958.56 million by 2027.

From a regional standpoint, Middle East & Africa market is anticipated to rise at a CAGR of 5.9% over the review period, owing to the surging focus of domestic manufacturers on product innovation. Moreover, companies are offering novel filter technologies to accommodate consumer requirements which will further bolster product demand in the region during the analysis timeframe.

The competitive landscape of global residential filters industry is comprised of key players like Koch Filter Corp., Airclean Ltd., Nordic Air Filtration, Purafil Inc., Mann Hummel Gruppe, Spectrum Filtration Pvt. Ltd., Smith Filter Corporation, Tex-Air Filters, United Filters Industries Pvt. Ltd., Camfil AB, Freudenberg Filtration Technologies SE & Co. KG, TEKA Absaug-und Entsorgungstechnologie GmbH, Universal Air Filter Company (UAF), Parker Hannifin, and BWF Group among others.