Overview and Scope
The HVAC filters refer to filters used in heating and cooling systems that filter impure dust, pollen, and other small particles out of the air. The primary purpose of an HVAC air filter is to remove impurities from the air flowing through the system, such as dust, pet dander, or even bacteria. These dust particles are trapped in the filter and are not recirculated throughout the building.
Sizing and Forecast
The hvac filters market size has grown strongly in recent years. It will grow from $8.48 billion in 2023 to $9.07 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to occupational health standards, environmental concerns, healthcare sector demand, industrial growth, consumer preferences..
The hvac filters market size is expected to see strong growth in the next few years. It will grow to $12.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing urbanization, energy efficiency mandates, rise in construction projects, smart and iot-enabled filters, hvac system retrofitting.. Major trends in the forecast period include indoor air quality awareness, stringent regulatory standards, health and wellness focus, energy efficiency requirements..
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Segmentation & Regional Insights
The hvac filters market covered in this report is segmented –
1) HVAC Filters Market By Product: Fiberglass Filter, Pleated Filter, Electrostatic Filter, Carbon Air Filter, HEPA Filter, Pocket Filter, Other Products
2) HVAC Filters Market By Material: Fiberglass, Synthetic Polymer, Carbon Derivatives, Metal, Other materials
3) HVAC Filters Market By Application: Residential, Commercial, Industrial
4) HVAC Filters Market By End-Use Industry: Building & Construction, Pharmaceutical, Food & Beverage, Automotive, Other end-users
Top Major Players
3M Company
Parker-Hannifin Corporation
Camfil AB
MANN+HUMMEL Gruppe
American Air Filter Company Inc.
Asia-Pacific was the largest region in the HVAC filters market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hvac filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing circulation of toxic compounds in the air is expected to drive the HVAC filter market going forward. Increased cases of allergies, asthma, headaches, coughs, sinusitis, and other chronic respiratory disorders are among the diseases caused by poor air quality. Furthermore, the increasing circulation of toxic compounds in the air is directing factory owners’ attention toward implementing effective preventive measures to protect the air quality around the premises and to ensure the safety and health of their factory workers. Due to this increase in the circulation of toxic compounds, HVAC filters are used to remove impurities from the air flowing through the system, such as dust, pet dander, and bacteria. For instance, according to the Environmental Protection Agency, an independent executive agency of the United States federal government tasked with environmental protection matters, in 2021, about 102 million Americans resided in counties where pollution levels were above the primary NAAQS (National Ambient Air Quality Standards), emitting about 67 million tons of pollution into the atmosphere. Therefore, the increasing circulation of toxic compounds in the air will drive the growth of the HVAC filter market.
Key Industry Players
Major companies operating in the hvac filters market report are 3M Company, Parker-Hannifin Corporation, Camfil AB, MANN+HUMMEL Gruppe, American Air Filter Company Inc., Donaldson Company Inc., Ahlstrom-Munksjö Oyj, Filtration Group Corporation, Freudenberg Group, Emirates Industrial Filters LLC, Koch Filter Corporation, Spectrum Filtration Pvt. Ltd., General Filter Air, Troy Filters Ltd., Darrell Hanna & Associates Inc., Honeywell International Inc., Lennox International Inc., Parker Hannifin Corporation, Carrier Corporation, Trane Technologies plc, Johnson Controls International plc, Siemens AG, LG Electronics Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Rheem Manufacturing Company, Sharp Corporation, Toshiba Corporation, K&N Engineering Inc., Glasfloss Industries Inc.
The hvac filters market report table of contents includes:
1. Executive Summary
2. HVAC Filters Market Characteristics
3. HVAC Filters Market Trends And Strategies
4. HVAC Filters Market – Macro Economic Scenario
5. Global HVAC Filters Market Size and Growth
…..
32. Global HVAC Filters Market Competitive Benchmarking
33. Global HVAC Filters Market Competitive Dashboard
34. Key Mergers And Acquisitions In The HVAC Filters Market
35. HVAC Filters Market Future Outlook and Potential Analysis
36. Appendix
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