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.
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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.
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
Growth Drivers
- Increasing Use of HVAC Systems
- High Awareness Regarding Indoor Air Quality
Challenges
- High Maintenance of These Filters
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
