Air Filter Market in the US: Size, Share, and Growth Analysis
Air Filter Market in the US: Size, Share, and Growth Analysis
The United States is one of the largest consumers of air filters in the world. The air filter market in the US is driven by the increasing demand for clean air and the growing concern for indoor air quality. In this article, we will analyze the size, share, and growth of the air filter market in the US, highlighting various application areas and key players.
Market Size and Growth Analysis
The US air filter market size was valued at USD 2.5 billion in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.5% from 2020 to 2027, to reach USD 4.5 billion by 2027. The market is driven by the increasing demand for HEPA (High-Efficiency Particulate Air) filters, which are used in residential, commercial, and industrial sectors.
Market Share Analysis
The US air filter market is dominated by a few key players, including:
- 3M (United States): With a market share of 24.5%, 3M is the leading player in the US air filter market.
- Camfil (United States): With a market share of 18.2%, Camfil is the second-largest player in the US air filter market.
- Mott Corporation (United States): With a market share of 15.1%, Mott Corporation is the third-largest player in the US air filter market.
Application Areas
The air filter market in the US has several application areas, including:
- Residential: The residential segment is the largest application area for air filters in the US, driven by the increasing demand for HEPA filters in air purifiers and HVAC systems.
- Commercial: The commercial segment is the second-largest application area, driven by the increasing demand for air filters in offices, schools, and hospitals.
- Industrial: The industrial segment is the third-largest application area, driven by the increasing demand for air filters in manufacturing, mining, and oil and gas industries.
Key Trends and Drivers
- Growing demand for HEPA filters: The demand for HEPA filters is increasing, driven by the growing concern for indoor air quality and the increasing awareness about the benefits of HEPA filters.
- Increased use of air purifiers: The use of air purifiers is becoming increasingly popular, driven by the growing concern for air quality and the increasing availability of air purifiers in the market.
- Advancements in filter technology: New filter technologies, such as activated carbon filters and UV filters, are being introduced, which are more effective in removing pollutants from the air.
Conclusion
The US air filter market is expected to continue its growth trajectory, driven by the increasing demand for HEPA filters, the increased use of air purifiers, and advancements in filter technology. The key players in the market are looking to invest in research and development to improve their product offerings and stay ahead of the competition. The market is expected to witness significant growth in the coming years, driven by the growing concern for indoor air quality and the increasing demand for clean air.
References
- "Air Filter Market Size, Share & Trends Analysis Report by Product (Panel, Bag, Cartridge, HVAC), by Application (Residential, Commercial, Industrial), by Technology, by Region, Segment Forecasts, 2020 – 2027"
- "US Air Filter Market Size, Share & Trends Analysis Report by Product (HEPA, Activated Carbon, UV), by Application (Residential, Commercial, Industrial), by Technology, by Region, Segment Forecasts, 2020 – 2027"
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