Residential Filters Market Size, Share, Growth, Industry Trends, Outlook with Company Analysis, and Forecast

The residential filters market is expected to witness significant growth by 2027 owing to proliferating demand for more efficient air filters for residential settings. Additionally, surging consumer emphasis on access to cleaner indoor air is projected to further drive market expansion through the forecast period.
Following the COVID-19 outbreak, scientists had established a clear link between long-term exposure to air pollution and COVID-19 mortality rates. Studies also found that the airborne viruses could spread the infection, which drew focus to efficient air purification systems that could eliminate such viruses and pathogens from the air.
Moreover, due to government-imposed lockdowns people were forced to remain indoors, which has massively propelled the need for optimum indoor air quality (IAQ) to protect the transmission of the novel coronavirus. As a result, the need for air purification systems that offer better IAQ has boosted both academic and commercial research activities, thereby propelling industry outlook across key markets.
The residential filters market has been segmented on the basis of type, efficiency, application, and region. Based on type, the market has been divided into fiberglass, electrostatic, pleated, HEPA, carbon air filter, pocket, and others.
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The carbon air filter sub-segment was valued at around USD 495.0 million in 2020 and is anticipated to expand at a CAGR of approximately 7.0% through the forecast period. The pocket sub-segment is estimated to see sizable growth by 2027, rising at a CAGR of more than 6.7% over the forecast period.
The others sub-segment is calculated to reach a valuation of USD 98.6 million by 2027, growing at a notable pace through the assessment timeframe. Other types of residential filters include UV filters, electrostatic filters, washable filters, and media filters.
In terms of efficiency, the residential filters market has been categorized into MERV 1-4, MERV 14-16, MERV 6-10, MERV 10-13, and MERV 17-20. The MERV 1-4 sub-segment size is expected to reach USD 958.56 million by 2027 and is projected to grow at a CAGR of nearly 7.9% through the analysis period.
The MERV 14-16 sub-segment is estimated to progress at a considerable CAGR over the forecast time period to reach a valuation of USD 10.98 million by 2027. The residential filters market from the MERV 17-20 efficiency segment is anticipated to witness moderate growth at a CAGR of about 2.5% through the projected timeline.
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From the regional perspective, the LATAM residential filters market size is expected to reach USD 230.1 million by 2027, growing at a substantial pace over 2021-2027.
The MEA residential filters market is anticipated to rise at a CAGR of over 5.9% through the forecast period driven by increasing focus of domestic manufacturers on product innovation. Companies across the Middle East & Africa region are offering novel filter technologies to accommodate consumer requirements, which is projected to bolster regional market demand through the estimated timeframe.
For instance, in June 2020, Awal Gulf Manufacturing, a leading HVACR manufacturer based out of the Kingdom of Bahrain, introduced its innovative air purification unit dubbed "PEARL". The PEARL air purifier runs on portable multi-layered high-efficiency HEPA filters that can remove bacteria and viruses from the air.
The purifier system also leverages the latest UV-C technology to meticulously decontaminate the indoor air. It provides improved respiratory protection by killing up to 99.999% of airborne viruses and infections.
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