HVAC Filters Market (By Material: Fiberglass, Synthetic Polymer, Carbon, and Metal; By Technology; By Application - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook and Forecast 2021 - 2028

Published Date : Jun 2021 | No. of Pages : 150+ Pages | Category : Construction and Manufacturing

The global HVAC filters market size is predicted to be worth $11 billion by 2028, from $6.1 billion in 2020, growing at a CAGR of 7.5% from 2021 to 2028.

HVAC filters are important part of any heating, ventilation, and air conditioning system to filter the foreign particles through the air. These filters are utilized for maintaining indoor air quality (IAQ) by filtration of impurities such as pollen, dust, and chemical pollutants in enclosed spaces. Few HVAC filters are highly efficient in trapping around 99.97% particles up to size of 0.3 microns. In addition, HVAC filters also avoid entrance of pollutants in HVAC equipment, which reduces potential damage to equipment due to large foreign particles.

Increasing demand for HVAC systems, growing awareness about indoor air quality, and government regulations and polices for efficient filtration are driving the market. High filtration efficiency offered by HVAC filters coupled with their ability to operate in adverse environmental conditions such as extreme moisture, cold and heat is expected to escalate product demand from the residential sector as well as different end-use industries during the forecast period.

The high dust holding capacity and long service life of pocket filters are likely to promote the growth of the HVAC filters market over the foreseeable timeframe. The ability of pocket filters to be used as an effective alternative to multi-layer type bag filters in air handling units should further boost the market growth. Moreover, the availability of pocket filters in different sizes and configurations to suit different types of applications is expected to increase its popularity among consumers and foster the growth of the market.

Growing consumer demand for proper ventilation and clean indoor air in large industrial buildings, skyscrapers, apartment blocks, and large interior environments is expected to raise product demand from non-residential applications. Moreover, increasing adoption of rooftop HVAC systems in commercial spaces and rising concerns regarding employee safety in commercial offices, especially during the pandemic situation is likely to drive the growth of the market.

Growing awareness regarding the importance of designing, installing, and maintaining ventilation equipment to appropriate pressure relationships, air exchange rates, and filtration efficiencies to control airborne contaminants from entering intensive care units and patients' wards should further contribute to market growth.

The synthetic polymer segment is projected to be the fastest-growing material in the market during the forecast period.

Synthetic polymer filter materials are available in the form of pleats or stretched films, which are either made from spunbond or melt-blown manufacturing process. The pleats increase the surface area and make the filters more efficient at capturing airborne particles in the HVAC systems. Pleated synthetic polymer air filters, with a rating of 7-13, can provide more efficiency as compared to high-efficiency particulate air (HEPA) filters, but at a lower cost. Due to their durability, these filters can be washed and reused. Pleated synthetic polymer air filters are abundantly available, have lesser airflow resistance compared to HEPA filters, and support the silent operation of the blower fan of the HVAC system. These factors have triggered the growth of the synthetic polymer material. 

The HEPA segment projected to account for the largest share during the forecast period.

HEPA filters have diverse application areas, including residential buildings, pharmaceutical production, food & beverages, and clean rooms in the electronics & semiconductor industry, among others. In the pharmaceutical industry, HEPA filters are installed in the production spaces, which are required to be free from contaminants. These filters also protect patients from infection and employees and visitors from airborne organisms.

Pharmaceutical to be a promising end-use industry of the HVAC filters market.

The choice of filter media used in the filtration application depends on the size of the particle to be retained and permeability, holding capacity, and resistance to fluid flow of the medium. The pharmaceutical industry mainly adopts HVAC filters with HEPA technology with high MERV ratings, to prevent the entry of very fine particles through HVAC filters. According to IQVIA Institute of Human Data Science, the pharmaceutical market is expected to overcome USD 1.5 trillion by 2023. This growth is attributed to the increase in new product launches, which will lead to production growth of pharmaceutical products. Manufacturing plants for these products will require HVAC systems to maintain the air quality of the production space. This will, in turn, increase the demand for highly efficient HVAC filters in the pharmaceutical industry.

APAC is expected to account for the largest HVAC filters market share during the forecast period, in terms of volume

The APAC HVAC market is segmented as China, Japan, India, South Korea, Indonesia, Australia, and Rest of APAC. APAC is projected to continue its dominance over the market until 2028. Increasing population, industrialization, and urbanization in the region are the primary reasons for the growth of the HVAC filters market in the region. China’s emergence as a global manufacturing hub has increased the demand for HVAC filters . Cheap labor and easy availability of raw materials boost the production of these products in the region.

Competition Analysis

The key market players profiled in the report include 3M Company, Parker-Hannifin Corporation, Camfil AB, Mann+Hummel, American Air Filter Company, Inc., Donaldson Company, Inc., Ahlstrom-Munksjö, Filtration Group Corporation, Freudenberg Group, and Sogefi Group.   

Based on the material:

  • Fiberglass
  • Synthetic Polymer
  • Carbon
  • Metal 

Based on the technology:

  • HEPA
  • Electrostatic Precipitators
  • Activated Carbon
  • Others (UV filtration and ionic filtration) 

Based on the end-use industry:

  • Building & Construction
  • Pharmaceutical
  • Food & Beverage
  • Automotive
  • Others (electronics & semiconductors and livestock) 

Based on the region:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

Report Scope

The HVAC filters market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of HVAC filters market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global HVAC filters market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the HVAC filters market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted HVAC filters market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the HVAC filters capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of HVAC filters by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global HVAC filters market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major HVAC filters market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of HVAC filters market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the HVAC filters industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

HVAC filters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to HVAC filters market. 

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of HVAC filters market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new HVAC filters market. These factors have benefited the growth of the global market for HVAC filters. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for HVAC filters. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of HVAC filters are as follows:

History Year: 2017-2020

Base Year: 2020

Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

- Market value USD Million and volume Units Million data for each segment and sub-segment

- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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