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Residential Filters Market Share

Report ID: GMI5066
Published Date: Nov 2024
Report Format: PDF

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Residential Filters Market Share

The global residential filters industry is moderately fragmented, with prominent players, such as 3M, Honeywell, Lennox International, Air King and AAF International holding a market share of ~30-35%.

Key companies are striving for leadership through innovation, quality, and performance. They are enhancing filtration technologies, such as HEPA, activated carbon, and UV filters, to address the increasing demand for cleaner air and water. Competitive pricing, energy efficiency, and eco-friendly features also serve as crucial differentiators. Additionally, brand reputation, distribution channels, and customer service are essential in attracting and retaining consumers. As the market evolves towards smart, connected home solutions, companies are increasingly integrating IoT and automation features into their products. According to the American Filtration and Separations Society, advancements in filtration technology and the incorporation of smart features are expected to drive significant growth in the global market.

Residential Filters Market Companies

Major players operating in the residential filters industry are:

3M
AAF International
Air King
Blueair
Brita
Coway
Dyson
Filtrete
Greenway
Honeywell
Lennox International
Puronics
Trane
Vornado
Whirlpool

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for residential filters was reached USD 3.8 billion in 2023 and is estimated to grow at a 4.7% CAGR from 2024 to 2032, driven by heightened consumer awareness regarding air and water quality.

The HVAC filters segment recorded USD 1.5 billion in 2023 and is expected to grow at a 4.7% CAGR from 2024 to 2032, due to their essential role in maintaining indoor air quality.

The online distribution channel held a 55.9% share of the residential filters market in 2023 and is projected to grow at a 4.9% CAGR from 2024 to 2032, led by the convenience and wide selection offered by e-commerce platforms.

The U.S. residential filters market recorded USD 900 million in 2023 and is expected to grow at a 4.8% CAGR from 2024 to 2032, led by increased consumer awareness of air and water quality issues.

The industry features key players such as 3M, AAF International, Air King, Blueair, Brita, Coway, Dyson, Filtrete, Greenway, Honeywell, Lennox International, Puronics, Trane, Vornado, and Whirlpool.