HVAC Filters Market is Expected to Reach $11.0 Billion by 2028-Allied Market Research

According to a new report published by Allied Market Research, titled, “HVAC filters market by material, technology, and end user industry global opportunity analysis and industry forecast, 2021–2028,” the global HVAC filters market size is expected to reach $11.0 billion in 2028 from $6.0 billion in 2020, growing at a CAGR of 7.7% from 2021 to 2028. In 2020, North Asia-Pacific dominated the market, in terms of revenue, accounting for 34% share of the global HVAC filters market.

HVAC filters are utilized to filter impurities in air such as pollutants, pollen, and dust in enclosed spaces to provide outlet of cleaner and healthier air. HVAC filters are used in HVAC systems to trap impurities within air flow and avoid causing significant damage to equipment. HVAC filters generally adopt different technologies for air filtration including HEPA, activated carbon, and ultraviolent filtration depending upon its application in residential, commercial, and industries.

Moreover, North America is the highest contributor in the HVAC filters market. High adoption and awareness in the U.S. as well as stringent government policies regarding maintenance of indoor air quality (IAQ) has influenced growth of the HVAC filters market. In addition, degrading air quality in urban areas, especially in countries such as India, China, and Mexico is anticipated to boost demand for HVAC systems and filters in the future.

According to technology, the HEPA filters segment is the largest contributor toward growth in demand for HVAC filters. This is mainly attributed to high efficiency and low cost of HEPA filters as compared to other counter parts.

The COVID-19 pandemic has negatively affected the HVAC filters market, mainly due to halt in international trade, prolonged lockdowns, and ceased construction processes. Moreover, except China, all other countries witnessed a steep decline in demand for HVAC filters during 2020.

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 end user industry, it is divided into construction, pharmaceutical, food & beverage, and others. 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). North America is expected to hold the largest market share throughout the study period, and Asia-Pacific is expected to grow at the fastest rate.

Key Findings Of The Study

• By material, the synthetic polymer segment dominated the HVAC filters market share in 2020.
• By technology, the HEPA filtration segment is expected to generate highest revenue, globally.
• By end user industry, the construction segment garnered major share of the HVAC filters market in 2020.
• By region, North America dominated the market in 2020.
• By region, Asia-Pacific is expected to witness a high growth rate during the forecast period.  

The major players operating in the HVAC industry 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.