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Residential Filters Market Size

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

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Residential Filters Market Size

The global residential filters market was valued at USD 3.8 billion in 2023 and is predicted to register a CAGR of over 4.7% between 2024 and 2032, due to the heightened consumer awareness regarding air and water quality. As concerns about pollution, allergens, and contaminants intensify, homeowners increasingly invest in air purifiers, water filtration systems, and HVAC filters to ensure healthier living conditions. This trend is particularly notable in urban areas with elevated pollution levels, thereby boosting the demand for effective filtration solutions to enhance indoor air and water quality. According to the American Lung Association, poor indoor air quality can lead to various health issues, further underscoring the importance of residential filters.

residential filters market

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The rising adoption of smart home technologies also serves as a crucial growth factor. As smart homes become more popular, consumers are opting for advanced, automated filtration systems that can be monitored and controlled remotely. These smart filters offer enhanced convenience, efficiency, and performance, appealing to tech-savvy homeowners. The Consumer Technology Association reports that smart home device adoption has increased by 20% over the past year, indicating a growing market for innovative, connected residential filters. As smart home integration becomes more mainstream, the demand for these advanced filtration systems is expected to continue its upward trajectory.

Residential Filters Market Report Attributes
Report Attribute	Details
Base Year:	2023
Residential Filters Market Size in 2023:	USD 3.8 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	4.7%
2024 – 2032 Value Projection:	USD 5.7 Billion
Historical Data for:	2021-2023
No. of Pages:	225
Tables, Charts & Figures:	49
Segments covered:	Type, Filter Media, Efficiency, Application, Distribution Channel, Region
Growth Drivers:	Increasing awareness of health and environmental concerns Rising demand for smart home technologies Growth in urbanization and pollution levels Advancements in filtration technology
Pitfalls & Challenges:	High initial cost of advanced filtration systems Maintenance and replacement costs of filters

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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.