HVAC Filters Market Size Worth USD 7.89 Billion by 2027-Emergen Research

Healthcare Analytics Market

Rising demand among consumers to improve home air quality is driving the global HVAC filters market.

According to a recent Emergen Research study, the global Heating, ventilation, and air conditioning (HVAC) filters market will be worth USD 7.89 billion by 2027. This market expansion can be attributed to people becoming more aware of the deterioration of indoor air quality. Furthermore, the growing need to reduce excessive dirt and debris buildup in HVAC systems, which causes early system failure and costly repairs, is driving up demand for HVAC filters. Increasing R&D activities for the production of high-efficiency HVAC filters that can reduce allergens and dust are also boosting the HVAC filter market.

People are questioning the quality of the air they breathe at home as a result of the outbreak, which has increased interest in new air filters and UV air purifying products. Temperatures in southern India continue to rise as we approach the summer months. Customers do not appear to be putting off AC repairs, which contributes to an increase in workload for residential HVAC companies.

Some commercial HVAC companies have seen an increase in service calls from “essential” buildings like healthcare facilities and grocery stores. Some stable businesses are utilising the downtime by contacting commercial HVAC teams to service their HVAC units while their buildings are unoccupied.

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Competitive Landscape:

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

Key Highlights of Report

In April 2020, Camfil Svenska AB, an air filter company, announced that the company had acquired Resema AB, its fellow Sweden-based filter company, and Resema A/S, its Denmark-based sister company. The acquisition is expected to strengthen the company’s position in the air filtration industry in the Nordic region.

The HEPA segment held the largest market share of 49.9% in 2019. Increasing prevalence of asthma among people is driving the demand for HEPA air purifiers, as they remove common household allergens such as mite feces, mold spores, and household dust particles.

The synthetic polymer segment is anticipated to expand at the most rapid CAGR of 5.8% during the forecast period. High mechanical resistance of synthetic polymers reduces the chances of contamination of filtered air by fibers or gases coming from the filter material itself. This factor is driving the segment.

The building & construction segment accounted for the largest share of the HVAC filters market in 2019. New residential construction projects have increased the adoption of HVAC systems and air filters.

Emergen Research has segmented the global HVAC filters market in terms of technology, material, end-user, and region:

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

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Regional Segmentation

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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