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.
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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.
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.
By Material
Fiberglass
Synthetic Polymer
Carbon
Metal
By Technology
Electrostatic Precipitator
UV Filtration
HEPA Filtration
Ionic Filtration
By End-Use Industry
Building & Construction
Pharmaceutical
Automotive
Others
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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
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.
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 |
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
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