Furnace Filter Market was valued US$ 5.37 Bn in 2023 and is expected to reach US$ 6.70 Bn by 2030, at a CAGR of 3.2% during the forecast period.Furnace Filter Market Introduction:
A Furnace filter is to protect the blower fan from all the dust, hair, and other gunk the return duct pulls in. During the process, it improves the quality of inside air since it is removing contaminants from being recirculated. According to the United States Environmental Protection Agency, air furnace filters with a MERV between 7 and 13 will be adequate for most homes as they are likely to be nearly as effective as true HEPA filters at controlling most airborne indoor particles.To know about the Research Methodology :- Request Free Sample Report
Furnace Filter Market Dynamics:
The market has grown considerably owing to the rising demand for furnace filters, which is expected to increase the production of furnace filters globally. Developed economies in North America and Europe regions such as the U.S., UK, Germany and France is expected to be driven by various growth factors such as high GDP growth in these countries. Moreover strict emission standards in European countries and environmental and emission standards set by OSHA in the North America region, the market for furnace filters is expected to gain momentum. Another factors driving the global furnace filters market include rising demand for furnace filters from several end-use industries, such as automotive and microelectronics over the forecast years, increasing incidents of airborne allergies and awareness about the use of furnace filters to avoid heavy dust particles in residential as well as non-residential sector.Furnace Filter Market Segment Analysis:
Particulates in indoor air could lead to severe respiratory conditions while transmitting infectious diseases. HCAV filters, specifically high-efficiency particulate air (HEPA) filters are a key weapon to keeping air particulates at bay. Moreover, HEPA filters containing carbon or activated charcoal for filtering out fumes, gases, and odors are anticipated to find increased adoption in healthcare settings. Equipping healthcare settings with HVAC filters and HEPA filtration systems becomes all the more important, considering high risks of staph infections in hospitals. HEPA filters ensure a laminar air flow which contributes to increasing its filtration efficiency. The efficient functioning of HEPA filters in a diverse range of atmospheric conditions including sensitive, moisture-prone and adverse weather conditions is escalating the product demand. THE global HEPA filter market valued at over USD 2.5 billion in 2023 and is projected to achieve an 8.2% CAGR through 2030. Demand for HEPA filters has been witnessing a tremendous rise since the past few years owing to the extremely high filtration efficiency offered by these types of filters. HEPA filters are capable of filtering particulate matter of diameter as small as 0.3 μm with an efficiency of up to 99.97%.
Furnace Filter Market Regional Insights:
Furnace filters manufacturers are mainly focusing on Asian countries, mostly China, India and the Middle East & African countries. These companies are continuously introducing innovations in furnace filters. North America furnace filters market is forecast to reach over USD xx Billion by 2030 owing to the rapid growth of the pharmaceutical industry and rising prevalence of chronic health diseases such as diabetes, blood pressure, cancer, etc. in the region. Increasing cases of health issues due to pharmaceutical dust particles emitted during spraying, mixing, blending, encapsulating, coating, and other processes in drug manufacturing.Furnace Filter Market Report Scope: Inquire before buying
Furnace Filter Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US$ 5.37 Bn. Forecast Period 2024 to 2030 CAGR: 3.2% Market Size in 2030: US$ 6.70 Bn. Segments Covered: by Filter Fixed Furnace Filters Replaceable Furnace Filters by Type Electrostatic Pleated Fiber Glass High Frequency Particulate (HEPA) filters by End Use Residential Commercial Industrial Furnace Filter Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Furnace Filter Market Key Players are:
1. Honeywell International, Inc. 2. Clarcor Air Filtration Products Inc. 3. 3M Company 4. American Air Filter Company, Inc. 5. Camfil USA Inc 6. Koch Filter Corporation 7. Precision Filtration Products 8. Tri-Dim Filter Corporation 9. Aeolus Corp 10. Smith Filter Corporation 11. Parker Hannifin Corporation 12. Hollingsworth & Vose 13. Donaldson 14. GVS Group 15. Spectrum Filtration Pvt Ltd 16. DHA Filter 17. Troy Filter Frequently Asked Questions: 1. Which region has the largest share in Global Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Furnace Filter Market? Ans: The Global Furnace Filter Market is growing at a CAGR of 3.2% during forecasting period 2024-2030. 3. What is scope of the Global Furnace Filter Market report? Ans: Global Furnace Filter Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Furnace Filter Market? Ans: The important key players in the Global Furnace Filter Market are – Honeywell International, Inc., Clarcor Air Filtration Products Inc., 3M Company, American Air Filter Company, Inc., Camfil USA Inc, Koch Filter Corporation, Precision Filtration Products, Tri-Dim Filter Corporation, Aeolus Corp, Smith Filter Corporation, Parker Hannifin Corporation, Hollingsworth & Vose, Donaldson, GVS Group, Spectrum Filtration Pvt Ltd, DHA Filter, Troy Filter. 5. What is the study period of this Market? Ans: The Global Furnace Filter Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Furnace Filter Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Furnace Filter Market 3.4. Geographical Snapshot of the Furnace Filter Market, By Manufacturer share 4. Global Furnace Filter Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Furnace Filter Market 5. Supply Side and Demand Side Indicators 6. Global Furnace Filter Market Analysis and Forecast, 2023-2030 6.1. Global Furnace Filter Market Size & Y-o-Y Growth Analysis. 7. Global Furnace Filter Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 7.1.1. Fixed Furnace Filters 7.1.2. Replaceable Furnace Filters 7.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 7.2.1. Electrostatic 7.2.2. Pleated 7.2.3. Fiber Glass 7.2.4. High Frequency Particulate (HEPA) filters 7.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 7.3.1. Residential 7.3.2. Commercial 7.3.3. Industrial 8. Global Furnace Filter Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Furnace Filter Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 9.1.1. Fixed Furnace Filters 9.1.2. Replaceable Furnace Filters 9.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 9.2.1. Electrostatic 9.2.2. Pleated 9.2.3. Fiber Glass 9.2.4. High Frequency Particulate (HEPA) filters 9.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 9.3.1. Residential 9.3.2. Commercial 9.3.3. Industrial 10. North America Furnace Filter Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Furnace Filter Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 12. Canada Furnace Filter Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 13. Mexico Furnace Filter Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 14. Europe Furnace Filter Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 15. Europe Furnace Filter Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Furnace Filter Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 17. France Furnace Filter Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 18. Germany Furnace Filter Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 19. Italy Furnace Filter Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 20. Spain Furnace Filter Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 21. Sweden Furnace Filter Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 22. CIS Countries Furnace Filter Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 23. Rest of Europe Furnace Filter Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 24. Asia Pacific Furnace Filter Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 25. Asia Pacific Furnace Filter Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Furnace Filter Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 27. India Furnace Filter Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 28. Japan Furnace Filter Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 29. South Korea Furnace Filter Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 30. Australia Furnace Filter Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 31. ASEAN Furnace Filter Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 32. Rest of Asia Pacific Furnace Filter Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 33. Middle East Africa Furnace Filter Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 34. Middle East Africa Furnace Filter Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Furnace Filter Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 36. GCC Countries Furnace Filter Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 37. Egypt Furnace Filter Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 38. Nigeria Furnace Filter Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 39. Rest of ME&A Furnace Filter Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 40. South America Furnace Filter Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 41. South America Furnace Filter Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Furnace Filter Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 43. Argentina Furnace Filter Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 44. Rest of South America Furnace Filter Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Filter, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Type, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By End Use, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Furnace Filter Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Honeywell International, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Clarcor Air Filtration Products Inc. 45.3.3. 3M Company 45.3.4. American Air Filter Company, Inc. 45.3.5. Camfil USA Inc 45.3.6. Koch Filter Corporation 45.3.7. Precision Filtration Products 45.3.8. Tri-Dim Filter Corporation 45.3.9. Aeolus Corp 45.3.10. Smith Filter Corporation 45.3.11. Parker Hannifin Corporation 45.3.12. Hollingsworth & Vose 45.3.13. Donaldson 45.3.14. GVS Group 45.3.15. Spectrum Filtration Pvt Ltd 45.3.16. DHA Filter 45.3.17. Troy Filter 45.3.18. Other Key Players 46. Primary Key Insights