The global heating , ventilation and air conditioning (HVAC) filters market is likely to be valued at USD 7.89 billion. The growth of the market can be attributed to the increasing awareness of the deteriorating indoor air quality. In addition, the increasing need to reduce excessive dirt and debris build-up in HVAC systems leading to early system failures and expensive repairs is also driving the demand for HVAC filters. Increased R&D activities to produce high-efficiency HVAC filters, which reduce allergens and dust, also expand the HVAC filter market.
Furthermore, the report provides a comprehensive analysis of the factors that may facilitate or hinder the market growth in the forthcoming years. The report considers the currently spreading COVID-19 pandemic as a key market influencer. The report provides a comprehensive estimate of the overall impact of the pandemic on the HVAC filter market and its important segments. The report also discusses the impact of the pandemic on different regions of the market. It also provides a current and future assessment of the impact of the pandemic on the HVAC filter market.
Key Highlights of the Report
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In April 2020, air filter company Camfil Svenska AB announced that it had acquired its Swedish-based filter company Resema AB and its sister company Resema A/S in Denmark. The acquisition is expected to strengthen the company's position in the air filtration industry in the Nordic region.
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The HEPA segment held the largest market share of 49.9% in 2019. The increasing prevalence of asthma among people is driving the demand for HEPA air purifiers as they remove common household allergens such as mite droppings, mold spores and household dust particles.
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The synthetic polymers segment is expected to grow at the fastest CAGR of 5.8% during the forecast period. The high mechanical resistance of synthetic polymers reduces the chance of the filtered air being contaminated by fibers or gases from the filter material itself. This factor is driving this segment.
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The report further divides the HVAC filters market into key segments such as type, application, end-user industry, technology, and key regions of the market. The report also sheds light on the segments and regions that are showing considerable growth in the HVAC filters market.
HVAC Filter Market Segmentation
Emergen Research has segmented the global HVAC filters market in terms of technology, material, end user, and region:
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Technology Outlook (Revenue, USD Billion; 2017-2027)
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Electrostatic precipitators
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HEPA
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activated carbon
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Others (Ion Filter and UV Filter)
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Materials Outlook (Revenue, USD Billion; 2017-2027)
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carbon
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fiberglass fiber
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Metal
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synthetic polymer
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End User Outlook (Revenue, USD Billion; 2017-2027)
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Pharmaceutical
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car
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architecture
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food and drinks
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other
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(
North America (United States, Canada) )
Europe (UK, Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
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The report also studies major companies in the HVAC Filters market and analyzes their business strategies, M&A activity, investment plans, product portfolio, financials, gross profit margin, and production and manufacturing capabilities.
Some of the players analyzed in the report are:
Camfil, 3M Company, Mann+Hummel, Parker-Hannifin Corporation, American Air Filter Company, Inc., Ahlstrom-Munksjö, Donaldson Company, Filtration Group Corporation, Sogefi Group and Freudenberg Group
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Key questions answered by the report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements in the market?
What are the key strategies employed by the key players in the HVAC Filters market?
What are the main product types and applications in the HVAC filter industry?
What are the results of SWOT analysis and Porter's five forces analysis?
What is the competitive landscape of the HVAC filter market?
Who are the key players in the industry?
What is the growth rate of the industry in the coming years?
What is the valuation of the HVAC filter market by 2027?
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