HVAC Filters Market Size, Share, Competitive Landscape and Trend Analysis Report by Material, Technology and Application : Global Opportunity Analysis and Industry Forecast, 2021-2028

HVAC Filters Market Outlook- 2028

The global HVAC filters market size is expected to reach $11,061.0 million in 2028, from $6,066.1 million in 2020, growing at a CAGR of 7.7% 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. 

Moreover, rise in concerns regarding degradation of air quality, especially in urban areas drives sales of HVAC filtration systems. Increase in pollution levels, owing to elements such as vehicular traffic and industries has affected the overall air quality, which is affecting health of people on a large scale. High pollution levels generally cause short term effects such as nausea and dizziness, however, long term exposure to pollutants can cause fatal effects on respiratory, nervous, and reproductive systems. Thus, maintenance of indoor air quality (IAQ) plays a vital role in preserving health and safety of occupants in residential areas and workspaces, where people spend majority of their time. This is expected to drive growth of the HVAC filters market. Furthermore, stringent government policies for maintaining indoor air quality (IAQ) in industrial spaces is expected to drive demand for HVAC filters. For instance, the U.S. Center for Disease Control and Prevention (CDC) recommended use of portable industrial grade HEPA filter units to propel removal of pollutant particles in construction zones, manufacturing & engineering facilities, rooms with inefficient ventilations, and patient care rooms. This is expected to drive the HVAC filters market growth.

However, HVAC filters require constant cleaning and replacement in spaces with high pollution levels. Highly productive HEPA filters often utilize pleated and thick media for efficient filtration, which gets blocked and prevents free flow of air through HVAC system and reduces productivity of these systems. This is expected to restrain growth of the HVAC filters market. Furthermore, the HVAC filters industry experienced a significant decline during the outbreak of COVID-19 pandemic in 2020. Major players in the industry faced severe reduction in revenues during the first quarter of 2020. For instance, leading company in the HVAC market, Carrier Global Corporation, based in the U.S., witnessed 22% decline in growth in the first quarter of 2020 as compared 2019.

On the contrary, rise in awareness regarding various diseases caused by polluted air and presence of bacteria and pollen is expected to create opportunities for growth of the HVAC filters market in the future.

The HVAC filters market is segmented on the basis of material, technology, end user industry, and region. By material, it is classified into fiberglass, synthetic polymer, carbon, and metal. By technology, it is categorized into electrostatic precipitator, activated carbon, UV filtration, HEPA filtration, and ionic filtration. By application, it is divided into residential, commercial, and industrial. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest HVAC filters market share throughout the study period and LAMEA is expected to grow at the fastest rate.

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.   

Many competitors in the HVAC filters market adopted product launch as their key developmental strategy to expand their production capacities and upgrade their product technologies. For instance, in February 2020, Camfil Group based in Sweden launched two major filtration products, namely, Absolute V and Megalam EnerGuard HEPA filters for cleanroom applications. Megalam EnerGuard filter includes unique filtration media, which reduces chances of filter leaks and resultant room contamination for operations in cleanrooms. Such leakages often cause product failure due to mishandling, which are avoided in Megalam EnerGuard filters.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging global HVAC filters market trends and dynamics.  
• In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2020 and 2028. 
• Extensive HVAC filters market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive HVAC filters market opportunity analysis of all the countries is also provided in the report.
• The global HVAC filters market forecast analysis from 2021 to 2028 is included in the report.
• The key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry. 

Global Hvac Filters Market Segments

By Material

• Fiberglass
• Synthetic Polymer
• Carbon
• Metal

By Technology

• Electrostatic Precipitator
• Activated Carbon
• UV Filtration
• HEPA Filtration
• Ionic Filtration

By Application

• Residential
• Commercial
• Industrial

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East 
  • Africa

Key Players

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

  HVAC Filters Market Report Highlights

Aspects	Details
By MATERIAL	Fiberglass Carbon Metal Synthetic polymer
By TECHNOLOGY	HEPA Electrostatic precipitators Activated carbon UV Filtration Ionic Filtration
By APPLICATION	Residential Commercial Industrial Others
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	Filtration Group Corporation, Parker-Hannifin Corporation, Camfil AB, Donaldson Company, Inc., 3M Company, Sogefi Group, Mann+Hummel, Freudenberg Group, American Air Filter Company, Inc.\, Ahlstrom-Munksjö

Analyst Review

The degrading air quality in urban areas is expected to boost demand for heating, ventilation, and air conditioning (HVAC) systems, which, in turn, would drive growth of the HVAC filters market. Rise in pollution caused by vehicular traffic and development of industries, especially in countries such as China and India is affecting health of people. This has created awareness for maintenance of air quality in indoor spaces. This is expected to influence growth of the HVAC filters market.

 With the spread of coronavirus, people are now realizing importance of indoor air quality (IAQ) in houses and other closed spaces, owing to government-imposed lockdowns. Concerns related to COVID-19 virus and similar bacteria and viruses that spread through air are highlighting the role of HVAC systems in residential as well as commercial spaces. Particular set of guidelines and regulations toward HVAC products and general ventilation rules in the post-pandemic world can curb the risk of spread of the virus through air conditioning systems and air ducts. In addition, organizations such as the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) have developed strategies and resources including differential room pressurization, dilution variation, source capture variation, and ultraviolet germicidal irradiation (UVGI) to assist in maximizing the role of HVAC filtration systems in creating a positive impact on the coronavirus spread.

Demand for operation and maintenance of pre-installed systems is expected to rise significantly post-COVID. Most commercial establishments have remained closed since implication of lockdowns. These spaces require maintenance and upgradation of HVAC systems complying to new health and safety regulations. Growth of mold and fungus in closed air conditioning systems are expected to pose health hazards for employees. Thus, the service industry is anticipated to surge back in the future. Further, developments in HVAC filter technologies such as disinfection of filters and use of UV light in filter system can promote growth of the HVAC market even after the pandemic ends. Such technologies can provide preparedness among healthcare facilities and people to overcome viral outbreaks such as COVID-19 in the future. Installation of new filtration in commercial spaces in the preinstalled HVAC systems can also offer long term benefits from bacterial and viral infections, which also promotes safety for employees during the COVID-19 crisis.

 

Author Name(s) : Tanvi Pednekar | Sonia Mutreja

Related Tags

• Air Quality Monitoring
• Industrial Cooling