Panel Filters market booming, projected to reach USD 12.3 billion by 2032
From GlobeNewswire: 2025-01-16 09:00:00
The Panel Filters market is booming, valued at USD 8.5 billion in 2023 and projected to reach USD 12.3 billion by 2032. Growing concerns over air quality and strict government regulations are driving this growth, with industries adopting advanced filtration systems for cleaner air. Technological advancements in filter materials have enhanced performance and sustainability, leading to increased demand across sectors.
Key players in the Panel Filters market include Donaldson Company, AAF International, Mann+Hummel, and more. The market size is expected to grow at a CAGR of 4.1% from 2024 to 2032, with increasing adoption of filtration systems in various industries. Factors such as public awareness of air quality, innovations in filter materials, and emission regulations are propelling market expansion.
In 2023, reusable panel filters dominated the market with a 69% share due to cost-effectiveness and sustainability. They can be cleaned and reused, reducing replacements and operational costs. The focus on sustainability and waste reduction further boosts demand for reusable filters, especially in cost-conscious environments like commercial and residential settings.
The Panel Filters market is driven by growing health concerns related to poor air quality, innovations in filter materials, and stricter emission regulations. Revenue from different applications, including residential, automotive, and HVAC sectors, is expected to grow steadily. Asia Pacific led the market in 2023, with rapid urbanization and industrialization contributing to the region’s dominant market share.
Expect continued growth in the Panel Filters market due to increasing demand for air quality solutions, technological advancements, and regulatory pressures. Industries like automotive and healthcare are likely to adopt more efficient filtration systems as consumer awareness rises. Market players are expanding across regions, particularly in North America and Europe, reflecting the market’s upward trajectory. In 2024, Parker Hannifin Corporation introduced ChromGas Hydrogen Fuel and Zero Air Gas generators to enhance gas chromatography instrument performance. Camfil AB focused on improving air filtration solutions for HVAC systems in 2023 to meet the growing demand for better indoor air quality.
The Panel Filters Market report includes a detailed table of contents covering market definition, scope, research assumptions, executive summary, regional synopsis, competitive analysis, research methodology, market dynamics impact analysis, statistical insights, and trends reporting. It also includes a competitive landscape, market segmentation by type, material, and end-use industry, regional analysis, company profiles, use cases, and best practices.
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