Report Scope & Overview:
Panel Filters Market Size was valued at USD 7.8 billion in 2021, and expected to reach USD 11.50 billion by 2028, and grow at a CAGR of 4.3% over the forecast period 2022-2028.
Panel filters are made specifically to remove both molecular and solid impurities from the air. Large particles are carried through the filter by inertial mass effect and adhere to the panel filter threads, whilst lighter particles float through the filter by turbulent flow and are collected by the filter's fibres. The panel filter may filter out solid air particles, dust, pollen, and even poisonous gases when air passes through it and comes into touch with it. Randomly colliding smaller particles slow them down and increase the likelihood that the panel filter will catch them. As it approaches the fibre, any small particles are eliminated through diffusion and travel through Brownian motion.
Due to its adaptability, durability, and sustainability, the panel filter is becoming more popular in a variety of industrial applications. The global market for Panel filters is anticipated to expand as a result of their better qualities and changing governmental regulations brought on by low air quality indices.
Increasing public consciousness of air quality.
Increasing environmental worries.
Rapid revolution in panel filters using IoT
Lack of skilled workers
Impact of Covid-19:
The COVID-19 pandemic had a huge influence on the market because it caused manufacturing to be suspended, the supply chain to be disrupted, and the demand for industrial goods to decline. However, the COVID-19 pandemic increased demand from the pharmaceutical and healthcare sectors, supporting the expansion of the panel filter market. Additionally, the installation of HVAC systems and AHU has increased as a result of changing lifestyles, global warming, and increased awareness of the Air Quality Index. The pandemic, however, had an impact on application industries such manufacturing facilities (outside of the healthcare sector), the food and beverage sector, construction, and others.
Donaldson Company (US), AAF International (US), Mann+Hummel(Germany), Freudenberg Filtration Technologies (Germany)Parker Hannifin (US), AFPRO Filtration Group (Netherlands) and Camfil AB (Sweden)
By application: Due to increased demand from the non-residential building & construction, pharmaceutical, food & beverage, automotive, and other industries, non-residential is predicted to be the largest market for panel filters. Panel filters are used as pre-filters in non-residential applications to limit the amount of airborne particles that get to the main filters, extending the life of the main filters and lowering maintenance costs. The need for panel filters in non-residential applications is anticipated to be driven by an increase in industrialisation, governmental regulations, and a rising air quality index.
By Type: Because they offer greater convenience than disposable panel filters, reusable filters are thought to represent the greatest market for panel filters. HVAC systems use reusable panel filters that are cleaned and washed every few months. Reusable panel filters are more expensive than disposable panel filters, but they are predicted to be more affordable in the long term due to their environmental benefits.
Disposable Panel Filters
Reusable Panel Filters
During the projection period, APAC is anticipated to be the panel filters' largest market. The region's market is primarily propelled by an increase in demand brought on by the population growth of emerging economies like China and India. The rising awareness of the need to manage pollution, the country's growing population, and its growing industrialization are the reasons that are propelling the panel filter market there.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 7.8 Billion|
|Market Size by 2028||US$ 11.50 Billion|
|CAGR||CAGR of 4.3% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Disposable Panel Filters, Reusable Panel Filters
• By Material (Fiberglass, Synthetic, Others)
• By Application (Residential, Non-residential)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Donaldson Company (US), AAF International (US), Mann+Hummel(Germany), Freudenberg Filtration Technologies (Germany)Parker Hannifin (US), AFPRO Filtration Group (Netherlands) and Camfil AB (Sweden)|
|Key Drivers||• Increasing public consciousness of air quality.|
|RESTRAINTS||• Increasing environmental worries.|
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Panel Filters Market Segment, By Type
8.1 Disposable Panel Filters
8.2 Reusable Panel Filters
9.Panel Filters Market Segment, By Material
10.Panel Filters Market Segment, By Application
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Donaldson Company (US)
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 AAF International (US)
12.4 Freudenberg Filtration Technologies (Germany)
12.5 Parker Hannifin (US)
12.6 AFPRO Filtration Group (Netherlands)
12.7 Camfil AB (Sweden)
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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