According to the new market research report “HVAC Filters Market by Material (Fiberglass, Synthetic Polymer, Carbon), Technology (Electrostatic Precipitator, HEPA, Activated Carbon), End-Use Industry (Building & Construction, Pharmaceutical, Food & Beverage), Region – Global Forecast to 2024″, The HVAC filters market is estimated to be USD 6.0 billion in 2019 and is projected to reach USD 7.7 billion by 2024, at a CAGR of 5.1% from 2019 to 2024. This growth is mainly attributed to the increasing demand for HVAC systems, growing awareness about indoor air quality, and stringent government regulations for efficient filtration.
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The HVAC filters market is estimated to be USD 6.0 billion in 2019 and is projected to reach USD 7.7 billion by 2024, at a CAGR of 5.1% from 2019 to 2024. The major factors driving this market’s growth include increasing demand for HVAC systems, growing awareness about indoor air quality, and stringent government regulations for efficient filtration. HVAC filters are the separation media used in HVAC systems to remove pollutants or harmful substances from the air that is taken in by the HVAC systems to be distributed into building spaces or rooms.
Based on material, the HVAC filters market has been segmented into fiberglass, synthetic polymer, carbon, and metal. The synthetic polymer segment accounts for the largest market share in 2018, owing to the material’s easy availability, long serviceability, and efficient filtration. Synthetic polymer filter materials are available in the form of pleats or stretched films, which are either made from the 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.
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147 – Tables
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134 – Pages
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HVAC filters are the separation media used in HVAC systems to remove pollutants or harmful substances from the air that is taken in by the HVAC systems. These pollutants can be solid air particles, dust, pollen, and even toxic gases. The HVAC filters market is estimated to be USD 6.0 billion in 2019 and is projected to reach USD 7.7 billion by 2024, at a CAGR of 5.1% during the forecast period. Growth in this market is mainly attributed to the increasing demand for HVAC systems, growing awareness about indoor air quality, and stringent government regulations for efficient filtration.
Some of the major companies operating in the HVAC filters market include 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). These companies have adopted various strategies, such as new product developments/launches, expansions, acquisitions, and partnerships, to strengthen their position in the HVAC filters market. They also invest in R&D activities to enhance their sales, distribution networks, and market visibility.
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Camfil AB (Sweden) is one of the leading manufacturers of HVAC filters. Camfil AB signed an agreement with Salvador Escoda to provide quality products in Salvador Escoda’s supply stores. Salvador Escoda is one of the largest distributors of filters in Spain. This agreement enabled Camfil AB to deliver its products on time, besides penetrating deeper into the Spanish market. Camfil AB acquired UK-based Bushbury Holdings Limited, the owner of M.C. Air Filtration Limited, which is a leading manufacturer of HEPA filters, gaseous filters, and associated filtration systems, including high integrity isolation dampers. This acquisition has helped Camfil AB to enhance its product portfolio and strengthen its market position, both in the UK and other European countries.
MANN+HUMMEL (Germany) is another key player in the HVAC filters market. MANN+HUMMEL acquired Hardy Filtration, a Canada-based air filtration company that manufactures air filters, paint booth filters, and dust bags filters. This acquisition has helped the company increase its manufacturing operations in Canada. Further, this acquisition will enable the company to expand its product portfolio in HVAC systems. MANN+HUMMEL also acquired Tri-Dim Filter Corporation, a US-based provider of a full-line of HVAC filtration products and services, including air & liquid filtration, heating/air conditioning supplies, cleanroom filtration, air purification equipment, gas phase filtration, and air testing & remediation. This acquisition helped MANN+HUMMEL expanded its product offering in the US and Canada, besides enhancing the company’s market share.
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