Panel Filters Global Market Report 2024

Panel filters are air filters designed to remove dust and other airborne impurities. They operate within a negative pressure system to cleanse particles ranging in size from 1 micron to 50 microns. Besides preventing particle contamination of engine oil, panel filters also play a crucial role in safeguarding mechanical components from wear and tear caused by particle abrasion.

The main types of panel filters are disposable panel filters and reusable panel filters. Disposable panel filters are intended to be replaced once damaged and are commonly used as primary filters in HVAC (heating, ventilation, and air conditioning) and air conditioning systems. Various materials are used for panel filters, including fiberglass, synthetic materials, and others, catering to applications in both residential and non-residential settings.

The panel filters market research report is one of a series of new reports that provides panel filters market statistics, including panel filters industry global market size, regional shares, competitors with a panel filters market share, detailed panel filters market segments, market trends and opportunities, and any further data you may need to thrive in the panel filters industry. This panel filters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The panel filters market size has grown strongly in recent years. It will grow from $5.59 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The expansion observed in the historical period can be attributed to various factors, including heightened concerns about air quality and indoor pollution, growth in industrial and manufacturing activities, the expansion of HVAC (heating, ventilation, and air conditioning) and air filtration systems, the implementation of stringent environmental and occupational health regulations, and an increased awareness of respiratory health and allergies.

The panel filters market size is expected to see strong growth in the next few years. It will grow to $7.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be attributed to several factors, including the adoption of high-efficiency panel filters for cleanrooms, the expansion of data centers and critical environment facilities, ongoing research and development in nanofiber and electrostatic filtration technologies, the need for energy-efficient and low-pressure drop filters, a heightened emphasis on filtration in commercial and public buildings, and a growing demand for panel filters in the transportation and automotive industries. Noteworthy trends in the forecast period include the incorporation of smart and IoT-enabled air filtration systems, advancements in filtration media and nanofiber technology, the development of low-profile and space-saving filter designs, the use of pleated panel filters for increased surface area, and a focus on air quality monitoring and indoor environmental quality (IEQ).

The anticipated decline in air quality levels is set to drive the growth of the panel filters market. Indoor air quality, encompassing a building's interior and exterior air quality, is crucial for overall health. Contaminants such as dust, pollen, fibers, and microorganisms found in indoor air can cause health issues and discomfort. Panel filters play a vital role in purifying the air within spaces, preventing air pollution. For example, in March 2022, IQAir reported that Mumbai had a PM 2.5 annual average of 46.4 micrograms/cubic meter in 2021, nearly nine times the WHO limit. Consequently, the deteriorating air quality levels are a significant factor propelling the growth of the panel filters market.

The expansion of industrial activities is expected to drive the growth of the panel filter market in the foreseeable future. Industrial activities, covering a broad spectrum of functions associated with production, contribute to the need for effective air filtration systems. Panel filters, commonly used in HVAC systems, are designed to purify and clean air in industrial and home environments. The Federal Reserve Bank reported in October 2023 that industrial production in the US increased by 0.3 percent in September and by 2.5 percent year on year in the third quarter. This growth in industrial activities is a key driver for the panel filter market.

A notable trend in the panel filters market is the innovation and development of new products for residential and commercial applications. Major companies in the market are focusing on creating innovative products to enhance filter designs, air filtration media performance, overall system design, and increased separation degrees to meet the evolving needs of industrial processes. For instance, in October 2021, Camfil introduced CamClose, a new generation of panel filters designed to increase the lifespan of the final filter. Placing the CamClose pre-filter in front of a final filter enhances overall filtration effectiveness, simplifies installation, and provides superior defense in damp environments.

Strategic investments, such as MANN+HUMMEL Gruppe's investment in Pamlico Air, are a significant focus for major companies in the panel filter market to better meet consumer needs. MANN+HUMMEL Gruppe strategically invested in Pamlico Air, expanding the air filtration offering of its subsidiary Tri-Dim, which primarily serves the commercial and corporate air filtration aftermarket. This strategic alliance strengthens Pamlico Air's operational capabilities and provides MANN+HUMMEL with a key interest in a promising filtration market. Pamlico Air's expertise enhances MANN+HUMMEL's aftermarket filtration offering and explores potential opportunities in the design and specification process of new installations.

In January 2021, Filtration Group Corporation, a Germany-based manufacturer of filtration products and systems, acquired AFPRO Filters for an undisclosed amount. This acquisition enhances Filtration Group's portfolio of filtration solutions, leveraging AFPRO's vertically integrated production capabilities to cater to the diverse needs of clients and expand its global presence. AFPRO Filters, based in the Netherlands, specializes in designing, manufacturing, fabricating, and distributing filtration products.

Major companies operating in the panel filters market include American Air Filter Company Inc., Koch Filter Corporation, AFPRO Filters B.V., Filter Equipment Company Inc., Camfil AB, Donaldson Company Inc., Mann+Hummel GmbH, Parker Hannifin Corporation, Freudenberg Filtration Technologies, Filtration Group Corporation, Clarcor Inc., Ahlstrom-Munksjö Oyj, Spectrum Filtration Pvt. Ltd., Purafil Inc., Universal Air Filter Company, Minnesota Mining and Manufacturing Company, Airguard Industries Inc., Baldwin Filters Inc., Columbus Industries Inc., General Electric Company, Honeywell International Inc., Purolator Inc., Nederman Holding AB, Trion Inc., HAGUE Quality Water, Permatron Corporation, Pentair plc

Asia-Pacific was the largest region in the panel filters market in 2023. The regions covered in the panel filters market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the panel filters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The panel filters market consists of sales of pleated panel filter, washable filters, media filters, and HEPA filters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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