Photo by Álvaro Bernal on Unsplash
HEPA Filters Become a Growing Market Amid Rising Air Pollution
April 16, 2024
The HEPA filter market is on the rise, driven by concerns about worsening air quality. In 2023, the market was valued at $3.2 billion, and it’s expected to grow to $4.6 billion by 2032, with a compound annual growth rate (CAGR) of 4.1%.
Air pollution is a major factor behind this growth. As pollution levels increase, so does the demand for effective solutions to purify indoor air. HEPA filters are particularly effective at capturing particles like dust, pollen, mold spores, and even some bacteria and viruses. These filters help reduce health risks associated with poor air quality, such as respiratory infections, heart disease, and lung cancer.
According to the American Lung Association’s 2023 report, around 119 million people, or 36% of the population, live in areas with unhealthy levels of ozone or particle pollution. States like California, Alaska, and Nevada have particularly poor air quality, driving the need for HEPA filters.
The market is segmented by type, application, end-user, and region. The industrial sector is expected to see significant growth, driven by demand for clean air in industries like pharmaceuticals, electronics, and manufacturing. Clean room filters, which maintain controlled environments in industries such as pharmaceuticals and healthcare, also hold a significant market share.
The Asia-Pacific region dominated the market in 2023, with countries like India and China facing high air pollution levels. This has led to an increased demand for particulate air filters in the region.
Key players in the HEPA filter market include “American Air Filter Company, Inc., Airepure Australia, Camfil, APC Filtration, Donaldson Company, Parker-Hannifin Corporation, Freudenberg Filtration Technologies GmbH & Co. KG, Koch Filter, MayAir Group, and Mann+Hummel Group.”
The HEPA filter market is growing due to rising concerns about air pollution and its health impacts. With increasing demand from various sectors and regions, the market is expected to continue its growth trajectory in the coming years.
Recent News
Peacock Streaming Service To Raise Subscription Prices by $2 Before Summer Olympics
Ahead of the Olympics in Paris, Comcast’s NBCUniversal plans to raise the monthly subscription price of its streaming service, Peacock, by $2 this summer.
Rolls-Royce Expands Factory To Craft More ‘Bespoke’ Cars
Rolls-Royce is making substantial expansions to its Chichester factory in England to focus its efforts on more expensive cars.
Pickleball Expands Internationally to India
Pickleball, America’s booming sport, aims to spread its games in India, the world’s most populous country.
Amazon Prime Announces It Has Faster Deliveries
Amazon reports that its Prime deliveries are now even speedier. With over 2 billion packages reaching customers in a day or less this year, the company claims its delivery system is picking up its pace.