HVAC Filters Market Intelligence Report Offers Insights on Growth Prospects 2020–2025

OCT 12,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the HVAC Filters Market.

HVAC Filters Market is likely to witness a CAGR of 5.5% during the forecast period. The prime factors that are driving the HVAC filters market are increasing demand for HVAC systems, stringent government regulations for efficient filtration, growing awareness about indoor air quality, expanding construction sector, and technological advancements in the HVAC filters.

HVAC filters are types of air filters used to keep the indoor system parts from being clogged with dusty and other foreign materials. They are used to improve indoor air quality along with that they serve the purpose of extending the life of HVAC systems.

HVAC filters play a crucial role in keeping the air quality intact at commercial and residential buildings. Major materials used in the manufacturing of HVAC systems are synthetic polymers, fiberglass, carbon, and metals. On the basis of technology type, HVAC filters can be categorized into electrostatic precipitators, HEPA, activated carbon, and others. HVAC filters find application in industries, such as building & construction, pharmaceutical, food & beverage, automotive, and others.

By Material Type

Based on the material type, the market is segmented as fiberglass, synthetic polymer, carbon, and metal. The synthetic polymer material type held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Synthetic polymers (such as PTFE, PE, PP, and Polyester) are used in the form of stretched films which increase the surface area, leading to more efficient capturing of airborne particles in HVAC systems. This is the major factor driving the demand for synthetic polymers in the HVAC filters market.

By End-Use Industry Type

Based on the end-use industry type, the market is segmented as building & construction, pharmaceutical, food & beverage, automotive, and others. The building & construction segment is estimated to account for the largest share of the market during the forecast period. The segment’s growth is driven by residential and commercial buildings, which majorly use HVAC systems for thermal comfort and superior indoor air quality. In addition, the growth is primarily attributed to the mounting demand for green buildings and awareness about indoor air quality as HVAC filters help in enhancing the indoor air quality.

By Technology Type

Based on the technology type, the HVAC filters market is segmented as electrostatic precipitators, HEPA, activated carbon, and others. The HEPA segment holds the largest share of the market and is also expected to witness a healthy growth during the forecast period. Strong demand from industries such as buildings & construction, pharmaceuticals, food & beverages, and electrical & electronics, owing to its capability to trap 99.97% of dust particles that are 0.3 microns or larger in size, are the major factors behind its dominance in the market.

By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for HVAC filters during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions, rapidly expanding construction industry, rising global warming, and growing awareness among consumers. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

  • Camfil Group
  • MANN+HUMMEL Group
  • Donaldson Company Inc.
  • Filtration Group Corporation
  • Koch Filter
  • The 3M Company
  • Parker-Hannifin Corporation
  • Ahlstrom-Munksjö Oyj
  • American Air Filter Company, Inc.
  • Freudenberg Group

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The HVAC Filters Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

Customization of the Report:

This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.

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About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.