Global HVAC Filters Market is valued approximately at USD 5.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2020-2027. HVAC filters are used in home’s heating or cooling system (such as home’s furnace, air conditioner or heat pump). It helps to remove pollutants or harmful substances from air which has been taken in by the HVAC systems. The HVAC filters are used in various end-use industries, such as food & beverage, building & construction, pharmaceutical, automotive, electronics & semiconductor, and livestock. The increasing adoption for HVAC systems due to its benefits, rising awareness about indoor air quality and government regulations and policies for efficient filtration are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of products and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 04th March 2020, Camfil acquired Airepure, Australia including FilterTech Australia. This acquisition will strengthen Camfil’s position in air filtration, offering innovative clean air solutions that benefit the industry in Australia and New Zealand. Also, on 10th January 2018, 3M company launched Filtrete Smart Air Filter, Bluetooth-enabled HVAC air filter for the home. These Filtrete Smart Air Filter will notify users when the filter needs to be replaced based on air flow and provides data on outside air quality and gives helpful suggestion/tips for helping to improve air quality indoors. Whereas, rising environmental concerns is the major factor restraining the growth of global HVAC Filters market during the forecast period.
The regional analysis of global HVAC Filters market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the Increasing population, industrialization, and urbanization in the region.
Major market player included in this report are:
American Air Filter Company, Inc.
Donaldson Company, Inc.
Filtration Group Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End-Use Industry:
Building & Construction
Food & Beverage
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global HVAC Filters Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers