HVAC Filters Market

HVAC Filters Market Size (2023-2028):

The HVAC Filter Market was estimated at $ 7.90 billion in 2022 and is determined to reach $ 9.75 billion by 2028, recording a compound annual growth rate of 7.4% between 2023 and 2028.

HVAC filters are made from non-woven fabrics, polyester, cotton, and polypropylene. They easily remove particles by trapping them in filter materials and effectively retain dust, pollen, mold, and pet dander. The increasing demand for air purification and the use of energy-efficient filtration systems would reduce energy costs, positively supporting the growth of the market.

HVAC Filters Market Drivers & Restraints:

Key factors driving this expansion of the industry include a rising call for HVAC systems, an escalated awareness of indoor air quality, and strict government rules for proper filtration. In addition to that, the escalated funds in the building segment and technological advancements in HVAC filters are predicted to escalate their call during the foreseen period. Research and development, aimed at providing an energy-efficient HVAC filter, has traditionally been the result of legislative changes to mitigate the effects of global warming to further reduce greenhouse gas emissions. Strong R&D with government initiatives for clean air to stimulate product use has fostered substantial investments in technological innovation. Growing adoption to improve air quality, reduce pollution, and meet required specifications, as well as stringent EU, FDA, and EPA standards for controlling pollution and infections will drive the growth of the HVAC filter market.

Increased consumer inclination towards clean air due to deteriorating indoor and outdoor air quality, as well as the circulation of toxic compounds, would stimulate market demand for HVAC filters. Further infrastructure development in the commercial and residential sectors is expected to stimulate demand for products. Filters are used to keep the air clean while maintaining constant air circulation in the building. These systems also facilitate heating and cooling, by providing humidity control in infrastructure, thus driving market growth. Strict government directives on the use of refrigerant, sulfur oxide, nitrogen oxide, and ammonia would spur demand for HVAC filters on time. The high cost of installation and the need for regular product maintenance can affect the profitability of the HVAC filter industry. Regular maintenance of these systems is expensive for consumers. Cleaning and maintenance of the product is hard owing to so many layers of filter media that must be removed and cleaned individually, making it hard for the market to develop. Seeing the changing climate conditions resulting from global warming, technologists have now concentrated enough on driving proper air filtration innovations to meet energy efficiency needs while offering better levels of separation.

HVAC FILTERS MARKET REPORT COVERAGE:

HVAC Filters Market Segmentation as per the research report until 2028.

HVAC Filters Market - By Material:

• Fiberglass
• Synthetic Polymer
• Carbon
• Metal

Depending on the material, the synthetic polymer segment would account for the majority of the HVAC filter market in 2019. Synthetic polymer filter materials are present as layers or stretched films that can be created by a twist or melt process. 

HVAC Filters Market - By Technology:

• Electrostatic Precipitator

• HEPA

• Activated Carbon

• Others

Based on the technology, the HEPA segment would represent the largest share of the HVAC filter market in 2019. HEPA filters have the ability to trap 99.97% of dust particles of 0.3 microns or more.

HVAC Filters Market - By End-Use:

• Building and Construction
• Pharmaceutical
• Food and Beverage
• Automotive
• others

By end-use industry, the building and construction segment is expected to be the largest market for HVAC filters during the forecast period in terms of volume.

HVAC Filters Market – By Region:

The HVAC Filters Report includes the segmentation of Regions with their respective Countries.

• North America HVAC Filters Industry includes The U.S. and Canada.

• Europe HVAC Filters Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific HVAC Filters Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America HVAC Filters Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• The Middle East & Africa HVAC Filters Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

By region, the Asia-Pacific HVAC filter market is expected to record the highest compound annual growth rate between 2019 and 2024 in terms of volume. The growth of business in this region is mainly credited to enhanced economic conditions in developing economies, augmented construction activities, and rising global warming. Additionally, the presence of various associations supporting the adoption of efficient HVAC systems is expected to stimulate the HVAC filter market in the Asia Pacific during the outlook period.

Impact of COVID-19 on the HVAC Filters Market:

If, at this time in 2019, marketers spent sleepless nights searching for the growing demand for air conditioners, refrigerators, and glues, this year they are burning the midnight oil to calculate sales loss. As commercial activity almost stops after the countries have been blocked by the spread of coronavirus disease (COVID-19), manufacturers of summer products are reviewing their annual plans. From large appliances like air conditioners and refrigerators to small items like air coolers and fans and high-speed consumer goods (FMCGs) like ice cream and soda, production and sales have been suspended. With all non-essential stores closed and e-commerce companies postponing deliveries of these items, sales became limited. The blockade also affected their distribution chains, leaving hundreds of truckers stranded. Furthermore, by classifying these items as nonessential, they are also rejected by many fears of catching a cold.

Recent Developments:

• 3M's Filtrete brand has declared the launch of the Filtrete Smart Air Filter, the very first Bluetooth HVAC air filter for the house. The new filter eliminates the uncertainty of when to change the filter and provides other information for homeowners to take control of their home air.

• The Ahlstrom Flow2Save has a goal to attain "significant" energy savings with the help of low-pressure drop air filtration media. Introduced at FILTECH in the month of October, this filter media is based on a gradient structure made by combining several advanced media technologies.

Leading Key Players in the HVAC Filters Market:

Camfil AB (Sweden), MANN+HUMMEL (Germany), Donaldson Company, Inc. (US), Filtration Group Corporation (US), Koch Filter (US), 3M Company (US), Parker Hannifin Corporation (US), Ahlstrom-Munksjö (Finland), American Air Filter Company, Inc. (US), and Freudenberg Group (Germany) are some of the key players in the HVAC filters industry. These players have been concentrating on developmental strategies like acquisitions, latest product innovations, and partnerships to assist them to grow their businesses in untapped and potential industries. They have been adopting different organic and inorganic development strategies to improve their position in the HVAC filter industry.