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HVAC Filters Market High Demand, Recent Trends, Future Growth, Business Scenario, Product, Technology, Share and Forecasts 2020 – 2027

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HVAC Filters Market High Demand, Recent Trends, Future Growth, Business Scenario, Product, Technology, Share and Forecasts 2020 – 2027

The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth.

The Global Heating, Ventilation, and Air Conditioning (HVAC) Filter Market is expected to be valued at USD 7.89 Billion in 2027 from USD 5.39 Billion in 2019, registering a CAGR of 5.2% through the forecast period. The market expansion can be accredited to the escalating apprehension among the people about the worsening of the air quality in homes and other indoor settings. Furthermore, the growing need to minimize the built up of dirt and debris in the HVAC systems that cause early system failures and lead to expensive repairs are also estimated to boost the market demand over the projected timeframe. Growing research and development activities for the development of HVAC filters with improved efficacy that can reduce allergens and dust are further driving the market growth.

High-efficiency particulate air (HEPA) filters are extensively used in residential and commercial infrastructure. They are highly capable of trapping airborne particles such as dirt, mites, dust, mold spores, pet dander, and pollen present in the air inside the houses. HEPA filters are increasingly being adopted by smokers, pet owners, new-generation parents, and asthma patients, as these filters can efficiently remove the smallest airborne particles. Moreover, technological upgrades in the HVAC systems and air filters are further fueling the market growth. However, the need to change the air filters regularly and the high maintenance and installation costs associated with the HVAC filters are projected to impede the market growth in the forecast timeline.

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Key Highlights from the Report:

The HEPA sub-segment occupied the largest share of the industry in 2019, occupying a 49.9% share. The segment is estimated to expand significantly due to the rising occurrences of asthma and various other respiratory illnesses due to impure air quality. HEPA filters are efficient in removing household allergens such as mold spores and household dust particles.

The synthetic polymer sub-segment is foreseen to proliferate at a significantly high CAGR of 5.8% in the estimated period. The segmental growth can be accredited to the high mechanical resistance of the synthetic polymers that minimize the probabilities of contamination of the filtered air by fibers or gases of the materials themselves.

The building and construction sub-segment occupied a significant share of the market in 2019 and is projected to significantly contribute to the revenue share in the forthcoming years. The growth can be accredited to the increasing adoption of the HVAC systems and air filters in the new construction projects.

Asia Pacific region contributed to the largest share of the market in 2019 and is estimated to exhibit considerable growth in the estimated timeframe. This can be accredited to the progress in infrastructure development in the commercial and residential sectors that have increased the regional requirement for HVAC filters.

Major competitors of the market include Sogefi Group, Camfil, Ahlstrom-Munksjö, 3M Company, Mann+Hummel, Freudenberg Group, Parker-Hannifin Corporation, Donaldson Company, Filtration Group Corporation, and American Air Filter Company, Inc.

Camfil Svenska AB, a Sweden-based producer and developer of air filters and clean air products, gained a controlling interest in Resema AB, another Sweden-based filter company, and in Resema A/S, the Denmark-based sister firm, in April 2020. The acquisition is poised to bolster the former’s position in the Nordic region’s air filtration market.

For the purpose of this report, Emergen Research has segmented the global HVAC filters market on the basis of technology, material, end-user, and region:

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Technology Outlook (Revenue, USD Billion; 2017–2027)

Electrostatic Precipitators

HEPA

Activated Carbon

Others (Ionic Filtration and UV Filtration)

Material Outlook (Revenue, USD Billion; 2017–2027)

Carbon

Fiberglass

Metal

Synthetic Polymer     

End-user Outlook (Revenue, USD Billion; 2017–2027)

Pharmaceutical

Automotive

Building & Construction

Food & Beverage

Others            

Regional Outlook (Revenue, USD Billion; 2017–2027)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Here are the questions we answer…

At what rate will the HVAC Filters Market grow? What will be the value of the market in 2027?

What are the key technologies driving the HVAC Filters Market?

What would be the impact of HVAC Filters Market across different regions?

What are the strategies adopted by players to enter the APAC region?

What is the critical application of the HVAC Filters Market in the different sectors?

What are future growth strategies in the market?

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Table of Content

Chapter 1. Market Synopsis

    1.1. HVAC Filters Market Definition

    1.2. HVAC Filters Market Research Scope & Premise

    1.3. HVAC Filters Market Methodology

    1.4. HVAC Filters Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. HVAC Filters Market Segmentation & Impact Analysis

    4.1. HVAC Filters Market Product Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

Chapter 5. HVAC Filters Market By Method Insights & Trends

Chapter 6. HVAC Filters Market By End-Use Insights & Trends

Chapter 7. HVAC Filters Market By Application Insights & Trends

Chapter 8. HVAC Filters Market Regional Outlook

Chapter 9. HVAC Filters Market Competitive Landscape

Chapter 10. Company Profiles

Continue…

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