Press Release

Air Filters Market to Cross $ 20 Billion by 2021

Technological upgradations, rapid pace of industrialization and implementation of strict government norms to boost sales of air filters across the globe

According to TechSci Research report, GlobalAir Filters Market By Type, By Application, By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 - 2021”, global air filters market is projected to surpass US$ 20 billion by 2021, on account of improving global economic scenario, increasing industrialization and rising urbanization. Increasing consumer awareness regarding deteriorating air quality coupled with rising levels of air pollution and stringent government regulations pertaining to air quality in diverse industrial applications is also fueling in global air filters market. Over the years, rising air pollution levels due to industrial set-ups has increased number of fatalities on account of inhalation of polluted air. In view of this scenario, various government across the globe have taken strict steps and implemented stringent policies against such practices, thereby boosting sales of air filters over the last five years.

Browse 15 market data Tables and 275 Figures spread through 324 Pages and an in-depth TOC on "Global Air Filters Market"

Major application areas of air filters include HVAC, automotive, baghouses and gas turbines. In 2015, HVAC and automotive segments dominated the global air filters market, and this trend is expected to continue through 2021. Global automotive production stood at 79.9 million units in 2011 and reached 89.7 million units in 2014, while automotive sales increased from 78.1 million units in 2011 to 87.9 million units in 2015. Continuing growth in automotive industry is also boosting demand for air filters, globally. Establishment of new commercial complexes, booming hospitality sector and increasing number of healthcare and educational setups is expected to further augment demand for HVAC air filters in the ensuing years.

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“Over the last decade, rising disposable income has been leading to increase in consumer spending across the globe, and this has been propelling demand for HVACs in residential and commercial establishments, which has had a huge positive impact on the global air filters market. Global consumer spending on goods and services is expected to reach US$ 40 trillion by 2020, which is nearly 50% higher compared to US$ 28 trillion in 2010. Also, changing lifestyles and increasing awareness about air borne contaminants and diseases is expected to drive demand for air filters in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Air Filters Market By Type, By Application, By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 - 2021 has analyzed the prospective demand for air filters, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.


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