The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The filters market has exhibited robust growth in recent years, with the market size poised to increase from $78.14 billion in 2023 to $84.32 billion in 2024 at a CAGR of 7.9%. This growth in the historic period is attributed to factors like increased environmental regulations, global air quality standards, industrialization, urbanization, and the demand for clean and safe drinking water.

Upcoming Growth and Anticipated Trends

Forecasted Surge and Emerging Trends
The filters market is expected to witness substantial growth in the coming years, reaching $112.2 billion in 2028 at a CAGR of 7.4%. Anticipated growth factors include a focus on indoor air quality (IAQ), expansion of food and beverage processing industries, advanced filtration in semiconductor manufacturing, R&D in next-gen filter technologies, and customization for specialized industrial applications. Major trends in the forecast period include nanofiber technology, smart and IoT-enabled filtration systems, HEPA and ULPA filtration, modular and customizable solutions, and activated carbon and charcoal filters for odor and VOC removal.

Addressing Air Pollution Through Air Purifiers

Soaring Air Pollution Spurs Surge In Air Purifier Demand

• The adoption of air purifiers is rapidly increasing due to rising toxic gas release causing health hazards.
• Air toxics can lead to various health effects, including irritation, breathing difficulties, and long-term damage to vital systems.
• British Lung Foundation study reports nearly 6 million people over 65 in England at higher risk due to toxic air.
• Demand for air purifiers is expected to rise, driven by the need for cleaner air.

View More On The Filters Market Report 2024 – https://www.thebusinessresearchcompany.com/report/filters-global-market-report

Nanotechnology’s Influence in Water Purification
Nanotechnology’s Rise In Water Purification And Industrial Filters

• Nanotechnology is a key trend in the filter market, leveraging nanomaterials and nanoparticles to enhance filter performance.
• Nanotech-based water purification systems are modular, efficient, and cost-effective.
• Samsung Electronics introduces innovative air filter technology with copper oxide and titanium dioxide for improved air quality.
• Nanotechnology in filters extends beyond air purification to water purification and industrial applications.

Pentair’s Strategic Acquisition for Market Expansion
Pentair Dives Deeper Into Pool And Spa Market With Pleatco Acquisition

• In October 2021, Pentair acquires Pleatco for $255 million, expanding its portfolio of replacement filter products.
• Pleatco, a US-based company, specializes in designing and producing pool and spa pleated filter cartridges.
• The acquisition enables Pentair to leverage Pleatco’s distribution channels for enhanced market reach.

Market Segmentation Insights

Insights into Global Filters Market Segmentation

1. By Product:
   • Fluid Filters
   • ICE Filters
   • Air Filters
2. By Distribution Channel:
   • Offline Stores
   • Online Stores
3. By Application:
   • Motor Vehicles
   • Consumer Goods
   • Utilities
   • Industrial And Manufacturing
   • Other Applications

Regional Dominance in the Filters Market

Asia-Pacific Leading the Way

• Asia-Pacific emerged as the largest region in the filters market in 2023.
• The region is expected to continue its dominance and be the fastest-growing in the forecast period.

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The Filters Global Market Report 2024  provides comprehensive insights on the filters market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the filters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Panel Filters Global Market Report 2024
Water Filters Global Market Report 2024
Fabric Filters Global Market Report 2024

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