HVAC Filters Market

HVAC Filters Market Segmentation by Material (Fiberglass, Synthetic Polymer, Carbon Derivatives, Metal, and Others); by Filter Type (Electrostatic, Pleated, Washable, HEPA, and Others) by End-User (Residential, Commercial, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3172 | Published On: Apr 04, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


In The News

· October 30, 2020: Freudenberg to manufacture special filtration solutions to reduce the risk of infection indoor and in vehicles.

·  August 18, 2020: Filtration Group to increase the production of ventilator filters fifteen times more than its pre-COVID level.


Global HVAC Filters Market Highlights over 2022-2030

The global HVAC filters market is estimated to garner a substantial revenue by growing at a CAGR of ~7% over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the increasing application of HVAC systems at homes, and commercial places, backed by the rising global temperature. Moreover, increasing awareness among people, about the quality of air is estimated to up-surge the demand for HVAC filters. These filters can filter dander, hair, mold spores, and dust, among other particles, depending on the type of filters. High level of pollution in developing countries, is also one of the major growth factors for the HVAC filters market. According to the data by the World Health Organization, every year, over 7 million deaths are caused by air pollution. Moreover, 9 out of 10 people in the world are breathing dangerous air, which exceeds the unsafe standards of WHO.  

HVAC Filter Market Graph

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The global HVAC filters market is segmented by material into fiberglass, synthetic polymer, carbon derivatives, metals, and others, out of which, the synthetic polymer segment is anticipated to hold the largest share in the market during the forecast period on account of comparatively lower costs, low maintenance, and easy availability of synthetic polymers. On the basis of end-user, the market is segmented into residential, commercial, and others, out of which, the commercial segment is estimated to garner the highest CAGR over the forecast period, owing to the increasing use of heating, ventilation, and air conditioning systems in large commercial spaces, such as, offices, shopping malls, and others.


Global HVAC Filters Market Regional Synopsis

Regionally, the global HVAC filters market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to garner the largest share over the forecast period on the back of high level of pollution, and poor air quality index in developing countries, including, China, India, and Vietnam. India and China are the most polluted countries in the world. The average annual PM 2.5 concentration in India was 58.1 micrograms per cubic meter, in 2019. The average Air Quality Index (AQI) of New Delhi is above 195, while the same for Sichuan is 152.

The market in the North America region is estimated to witness notable share over the forecast period owing to the increasing adoption of heating systems in countries, such as Canada and some parts of the U.S., backed by the extremely cold climate in the region.

HVAC Filters Market Share Image

The global HVAC filters market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Market Segmentation

Our in-depth analysis of the global HVAC filters market includes the following segments:

By Material

  • Fiberglass
  • Synthetic Polymer
  • Carbon Derivatives
  • Metal 
  • Others

By Filter Type

  • Electrostatic
  • Pleated
  • Washable
  • HEPA
  • Others

By End-User

  • Residential
  • Commercial
  • Others


HVAC Filter Market Graph
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Growth Drivers

  • Increasing Use of HVAC Systems
  • High Awareness Regarding Indoor Air Quality

Challenges

  • High Maintenance of These Filters


HVAC Filters Market Share Image
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Top Featured Companies Dominating the Market

    • 3M
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Spectrum Filtration Pvt. Ltd.
    • Emirates Industrial Filters LLC
    • Freudenberg SE
    • Camfil AB
    • Filtration Group Corporation
    • Ahlstrom-Munksjö Oyj
    • Donaldson Company, Inc.
    • American Air Filter Company, Inc.
    • Parker-Hannifin Corporation

Key Questions Answered in the Report

1) What are the major factors driving the growth of the HVAC filters market?

Ans: Increasing awareness for indoor air quality among the masses is a major factor driving the market growth.

2) What would be the CAGR of HVAC filters market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022-2030.

3) What are the challenges affecting the HVAC filters market growth?

Ans: Requirement of maintenance for filters is one of the factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of HVAC filters market in future?

Ans: The market in Asia Pacific is estimated to provide most growth opportunities owing to the high pollution level in developing nations, and growing awareness among people in the region.

5) Who are the major players dominating the HVAC filters market?

Ans: The major players in the market are Freudenberg SE, Camfil AB, Filtration Group Corporation, Ahlstrom-Munksjö Oyj, Donaldson Company, Inc., American Air Filter Company, Inc., Parker-Hannifin Corporation, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the global HVAC filter market?

Ans: The market is segmented by material, filter type, end-user, and by region.

8) Which sub-segment captures the largest market size in end-user segment in the HVAC filter market?

Ans: The commercial segment is anticipated to hold largest market share over the forecast period owing to the increasing application of HVAC systems in offices, and other commercial areas.

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