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HVAC Filters Market Report Scope & Overview:

The HVAC Filters Market Size was valued at USD 3.81 billion in 2022, and is expected to reach USD 6.08 billion by 2030, and grow at a CAGR of 6.0% over the forecast period 2023-2030.  HVAC filters are an important part of any heating, ventilation, and air conditioning system because they remove foreign particles from the air. Indoor air quality (IAQ) is kept up by using these filters to filter out pollen, dust, and chemical pollutants in enclosed spaces. Few HVAC filters are very good at catching around 99.97% of particles up to 0.3 microns in size. Also, HVAC filters keep pollutants from getting into HVAC equipment, which makes it less likely that large foreign particles will damage the equipment.

Concerns about air quality getting worse, especially in cities, are also driving sales of HVAC filtration systems. Increased pollution from things like cars and factories has made the air quality worse overall, which is having a big effect on the health of a lot of people. High pollution levels usually cause short-term effects like nausea and dizziness. However, long-term exposure to pollutants can kill you by hurting your respiratory, nervous, and reproductive systems.

HVAC Filters Market Revenue Analysis

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Market Dynamics:

Drivers:

  • More people want HVAC systems

  • Indoor Air Quality Is Getting More Attention

  • Government rules and policies for filtering that works well

Restraints:

  • More worries about the environment

Opportunity:

  • Putting more money into the construction industry

  • Changes in technology for HVAC filters

Challenge:

  • Costs and maintenance are higher for HVAC filters that work well.

Impact of COVID-19:

People, businesses, and communities all over the world are worried and having trouble with their finances because of the COVID-19 pandemic. The crisis has brought about sudden problems for manufacturers, and manufacturers of HVAC systems are no different.

The most common way for COVID-19 to spread is from person to person. Social distance is an important way to stop the spread of COVID-19, but respiratory droplets can still infect other people through a building's HVAC system even if social distance is taken. In a recent survey by Air Conditioning, Heating and Refrigeration (ACHR) Magazine to find out how COVID-19 is affecting the industry, more than half of the people who answered said "business is slowing down" or "business has dropped off a lot."

People are now wondering about the quality of the air they breathe at home because of the outbreak. This has led to a rise in interest in new air filters and UV products that clean the air. As it gets closer to summer, the temperatures in the southern parts of India keep going up. Customers don't seem to be putting off AC repairs, which is another reason why residential HVAC firms have more work. Some commercial HVAC companies are getting more service calls from buildings that are "essential," like hospitals and grocery stores. Some stable businesses are taking advantage of the downtime by calling commercial HVAC teams to service their HVAC units while their buildings are empty.

Market Segmentation:

By Material

  • Fiberglass

  • Synthetic Polymer

  • Carbon

  • Metal

By Technology

  • Electrostatic Precipitator

  • Activated Carbon

  • UV Filtration

  • HEPA Filtration

  • Ionic Filtration

By End-Use Industry

HVAC Filters Market Segmentation Analysis

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Regional Analysis:

The global market for HVAC filters is split into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Over the next few years, the Asia-Pacific region is expected to have the biggest market share. This is because developing countries like China, India, and Vietnam have a lot of pollution and poor air quality. India and China are the two dirtiest places on Earth. North America is expected to have a large share of the market over the next few years. This is because heating systems are becoming more popular in places like Canada and some parts of the United States, where it gets very cold.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Filtration Group Corporation, Ahlstrom-Munksjö, 3M Company, Mann+Hummel, Parker-Hannifin Corporation, Sogefi Group, American Air Filter Company, Inc., Camfil AB, Donaldson Company, Inc., Freudenberg Group.

Filtration Group Corporation-Company Financial Analysis

HVAC Filters Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 3.81 Billion
Market Size by 2030 US$ 6.08 Billion
CAGR CAGR of 6.0% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Material (Fiberglass, Synthetic Polymer, Carbon, Metal)
• By Technology (Electrostatic Precipitator, Activated Carbon, UV Filtration, HEPA Filtration, Ionic Filtration)
• By End-Use Industry (Building & Construction, Pharmaceutical, Food & Beverage, Automotive, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Filtration Group Corporation, Ahlstrom-Munksjö, 3M Company, Mann+Hummel, Parker-Hannifin Corporation, Sogefi Group, American Air Filter Company, Inc., Camfil AB, Donaldson Company, Inc., Freudenberg Group
DRIVERS • More people want HVAC systems
• Indoor Air Quality Is Getting More Attention
• Government rules and policies for filtering that works well
Restraints • More worries about the environment

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: Primary or secondary type of research done by this reports.

Ans: The most common way for COVID-19 to spread is from person to person. Social distance is an important way to stop the spread of COVID-19, but respiratory droplets can still infect other people through a building's HVAC system even if social distance is taken. In a recent survey by Air Conditioning, Heating and Refrigeration (ACHR) Magazine to find out how COVID-19 is affecting the industry, more than half of the people who answered said "business is slowing down" or "business has dropped off a lot."

Ans: More people want HVAC systems, Indoor Air Quality Is Getting More Attention and Government rules and policies for filtering that works well are the drivers for HVAC Filters Market.

Ans: HVAC Filters Market Size was valued at USD 3.60 billion in 2021, and expected to reach USD 5.41 billion by 2028, and grow at a CAGR of 6.0 % over the forecast period 2022-2028.  

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.HVAC Filters Market Segment, By Material

8.1 Fiberglass

8.2 Synthetic Polymer

8.3 Carbon

8.4 Metal

9.HVAC Filters Market Segment, By Technology

9.1 Electrostatic Precipitator

9.2 Activated Carbon

9.3 UV Filtration

9.4 HEPA Filtration

9.5 Ionic Filtration

10.HVAC Filters Market Segment, By End-Use Industry

10.1 Building & Construction

10.2 Pharmaceutical

10.3 Food & Beverage

10.4 Automotive

10.5 Others

11.  Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Freudenberg Group

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Filtration Group Corporation

12.3 Ahlstrom-Munksjö

12.4 3M Company

12.5 Mann+Hummel

12.6 Parker-Hannifin Corporation

12.7 Sogefi Group   

12.8 American Air Filter Company, Inc.

12.9 Camfil AB

12.10 Donaldson Company, Inc.

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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