HVAC Filters Market size is set to surpass USD 16.5 billion by 2027; according to a new research report by Global Market Insights, Inc
Growing consumer awareness regarding the importance of breathing clean and pure air in both residential as well as commercial spaces is likely to augment the HVAC filters industry growth. Increasing cases of health issues related to the respiratory system among the global population should further increase the usage of highly efficient filters in different end-use applications. The rapid transmission of the coronavirus infection is expected to increase consumer awareness regarding the importance of cleanliness and personal hygiene, which is further propelling the HVAC filters market demand.
Cost effective and disposable nature coupled with growing demand from manufacturing industries to promote fiberglass filter market growth
The ease of use of fiberglass filter owing to its disposable nature is poised to facilitate its use in residential areas, even in progressing regions of the world. Good MERV rating of fiberglass filters and its ability to prevent 80% of particles of 50 microns and larger and restrict 25 percent of the particles in the 3 to 10-micron range from contaminating air quality should further increase their popularity among consumers.
Fiberglass filter market is estimated to witness growth at around 9.5% CAGR till 2027. Capacity of fiberglass filter to filter out harmful air contaminants and ensure a highly efficient air flow should further increase the usage of fiberglass filter. Furthermore, increasing consumption of fiberglass filters from industrial applications to ensure good quality air in the vicinity of fan motors, heat exchangers, and other surfaces should further foster the market demand.
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Browse key industry insights spread across 260 pages with 294 market data tables and 24 figures & charts from the report, “HVAC Filters Market Size By Product (Fiberglass Filter, Pleated Filter, Electrostatic Filter, Carbon Air Filter, HEPA, Pocket), By Application (Residential, Non Residential [Commercial, Office, Institution, Healthcare], Industrial [Food & Beverage, Pharmaceutical, Construction, Livestock]), Industry Analysis Report, Regional Outlook, Application Development, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Growing consumer demand for clean indoor air and increasing construction activities to raise the demand for HVAC filters from residential application
Growing consumer demand for clean and pure indoor air due to increasing prevalence of infections and allergies, especially among children in the family should trigger the usage of highly efficient filters from residential applications. Moreover, increasing consumer desire for self-possessed houses has led to a rise in the number of construction activities globally, which should in turn promote the HVAC filters market growth.
Ability of HVAC filters to eliminate unpleasant odors and excessive dampness in the atmosphere, introduce outside air, keep interior building air circulating, and prevent stagnation of the interior air is projected to simulate product demand from residential application. Effective elimination of pollen, animal dander, mold spores, viruses and bacteria from indoor air is driving the demand from households.
Increasing levels of air pollution caused by industrial waste emissions to fuel the Asia Pacific market
Asia Pacific HVAC filters market stood at over USD 4 Billion in 2020 and is forecast to see 8.7% CAGR through 2027. This is mainly ascribed by the rapid industrialization and continuously increasing levels of air pollution due to industrial waste emissions in the atmosphere. Stringent regulations imposed by different regulatory bodies in Asia Pacific regarding the level of air pollution to be maintained in the vicinity of industrial zones should further compel manufacturers to opt for the use of highly effective filtration systems in their production facilities, thus augmenting the market expansion. Large number of food & beverages manufacturers and pharmaceutical companies in the region is likely to promote market outlook.
Prominent players are investing in R&D to create their cutting edge in the market. Some of the HVAC filters market participants 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.