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Industry Trends
HVAC Filters Market size exceeded USD 10 Billion in 2020 and is estimated to grow at over 7.5% CAGR between 2021 and 2027. Increasing instances of health disorders such as allergies, asthma, headache, cough, sinus and other chronic respiratory disorders among consumers caused due to impure air quality are likely to raise the demand for HVAC filters. Moreover, increasing circulation of toxic compounds in factory air is driving the attention of factory owners towards adoption of effective preventive measures to safeguard the health of their factory workers.
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Stringent regulations and policies being implemented by governments of different countries to ensure efficient air filtration and maintain air quality should encourage the consumption of HVAC filters. Rising demand for energy efficient air filtration systems should boost the demand for HVAC filters.
Report Coverage | Details |
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Base Year: | 2020 |
Market Size in 2020: | 10.05 Billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 7.5% |
2027 Value Projection: | 16.5 Billion (USD) |
Historical Data for: | 2016 to 2019 |
No. of Pages: | 260 |
Tables, Charts & Figures: | 318 |
Segments covered: | Product, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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However, the high installation cost of HVAC filters is poised to reduce its acceptance among consumers, especially among the low-income developing nations of the world. Furthermore, HVAC filters require regular cleaning and maintenance usually more than once a month. Difficulty in removing all layers of electrostatic air filters for cleaning and maintenance is hampering the HVAC filters market growth to some extent.
Global HEPA filter market valued at over USD 2.5 billion in 2020 and is projected to achieve an 8.2% CAGR through 2027. Demand for HEPA filters has been witnessing a tremendous rise since the past few years owing to the extremely high filtration efficiency offered by these types of filters. HEPA filters are capable of filtering particulate matter of diameter as small as 0.3 μm with an efficiency of up to 99.97%.
HEPA filters ensure a laminar air flow which contributes to increasing its filtration efficiency. The efficient functioning of HEPA filters in a diverse range of atmospheric conditions including sensitive, moisture prone and adverse weather conditions is escalating the product demand.
Stringent government regulations regarding the level of air purity to be maintained in different commercial institutions are expected to drive the product demand from applications including hospitals, food & beverage industries, corporate offices, etc.
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Increasing regulations and guidelines are being laid down by governments of different countries regarding the permissible level of particulate matter in indoor air. This is likely to encourage manufacturers to adopt hygienic air filtration methods in their manufacturing facilities, thus promoting market growth. Growing consumer awareness regarding the importance of consumption of safe and pure food coupled with increasing instances of food-borne diseases is set to trigger the demand for HVAC filters from food & beverage industries.
Global HVAC filters market from industrial applications is anticipated to witness around 7.5% CAGR from 2021 to 2027. Increasing risk of health hazards caused due to abrasive and hard dust particles in the raw materials required for primary and secondary crushing, material transfer, and injection during construction and infrastructural development activities is propelling market demand.
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North America HVAC filters market is forecast to reach over USD 3 Billion by 2027 owing to rapid growth of pharmaceutical industry and rising prevalence of chronic health diseases such as diabetes, blood pressure, cancer, etc. in the region. Increasing cases of health issues due to pharmaceutical dust particles emitted during spraying, mixing, blending, encapsulating, coating and other processes in drug manufacturing among workers should encourage pharmaceutical manufacturers to adopt highly efficient filtration techniques such as HVAC filters in their manufacturing process. Rising product demand from healthcare facilities and rapid spread of infectious diseases such as COVID-19 is increasing awareness regarding the importance of cleanliness and hygiene.
Some of the key players operating in the HVAC filters market are Camfil, Troy Filters Ltd., AAF, Parker Hannifin Corp, Spectrum Filtration Pvt. Ltd., Filtration Group (Mahle Industrial Filtration), Tex-Air Filters and Freudenberg & Co. Kg. Companies are focusing on acquiring major contracts from key end-use industries to enhance profits and strengthen their position in the market. Moreover, companies are also investing heavily in expanding their existing production capacity to meet the increasing consumer demands in the market.
In October 2020, Tönnies Group signed a contract with Camfil Group. As a part of this contract, Camfil Group would be responsible for supplying the CC 2000, CC 6000 and ProSafe HEPA H14 filter in Tönnies Group’s meat processing factory. This contract acquisition would enable the company to further increase its share in the market.
This market research report on HVAC filters includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Units & revenue in USD Million from 2016 to 2027 for the following segments:
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