HVAC Filters Market Value Anticipated To Reach US$ 8,976.5
Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “HVAC Filters Market – Global Industry Analysis, Market Size, Opportunities and Forecasts, 2020-2027”
LOS ANGELES, May 4, 2021 (GLOBE NEWSWIRE) – The Global market for HVAC filters is expected to grow at a CAGR of approximately 5.2% between 2020 and 2027 and reach market value in excess of US $ 8,976.5 million by 2027.
North America has dominated the market in the past and is expected to do so again during the forecast period for the global HVAC filter market. This is due to the rapid growth of the pharmaceutical industry in the region and the increasing prevalence of chronic health diseases such as diabetes, high blood pressure and cancer. The growing number of workers experiencing health problems due to pharmaceutical dust particles released during spraying, mixing, mixing, encapsulation, coating and other drug manufacturing processes should encourage pharmaceutical manufacturers to adopt highly efficient filtration techniques, such as HVAC filters. to incorporate into their manufacturing process. The rising demand for healthcare facility products, as well as the rapid spread of infectious diseases such as COVID-19, are raising awareness about the importance of cleanliness and hygiene.
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Asia Pacific, on the other hand, is expected to have the fastest growing CAGR over the forecast period. China, Japan, India, South Korea, Indonesia, Australia and the rest of APAC comprise the APAC HVAC market. APAC is expected to maintain its market dominance for years to come. The growing population, industrialization and urbanization in the region are the main drivers of the HVAC filter market in the region. China’s emergence as a global manufacturing powerhouse has increased the demand for HVAC filters. The production of these products in the region is stimulated by low labor costs and easy access to raw materials.
Increased cases of allergies, asthma, headaches, cough, sinusitis and other chronic consumer respiratory disorders due to poor air quality are likely to increase the demand for HVAC filters. In addition, the increasing circulation of toxins in the factory air is drawing factory owners’ attention to the implementation of effective preventive measures to protect the health of their factory workers. Stringent regulations and policies put in place by governments around the world to ensure efficient air filtration and maintain air quality should encourage the use of HVAC filters. The rising demand for energy efficient air filter systems is expected to increase the demand for HVAC filters. The high installation costs of HVAC filters, on the other hand, will reduce consumer acceptance, especially in low-income developing countries around the world. In addition, HVAC filters require regular cleaning and maintenance, usually more than once a month. To some extent, the difficulty of removing all layers of electrostatic air filters for cleaning and maintenance is hampering the growth of the HVAC filter market.
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The passive fire protection market is segmented based on product and application. By product, the market is divided into cementitious materials, intumescent coatings, fireproof coatings and others. Based on the application, the market is divided into oil & gas, construction, industry, storage and others
The global HVAC filter market is segmented based on material, technology and end use. By material, the market is segmented as glass fiber, synthetic polymer, carbon and metal. By technology, the market has been segmented as HEPA, electrostatic precipitators, activated carbon and others (UV filtration and ionic filtration). Based on end use, the market is separated into building and construction, pharmaceuticals, food and beverages, automotive and other (electronics and semiconductors and livestock).
Some of the leading competitors include 3M, Parker-Hannifin Corporation, The Camfil Group, MANN + HUMMEL, American Air Filter Company, Inc., Donaldson Company, Inc., Ahlstrom-Munksjö Oyj, and others.
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Some of the key notes related to the HVAC filter market are:
- In March 2021, Parker-Hannifin Corporation announced the launch of a new product, “BHA® TotalPleat ™”. The newly launched product is the aftermarket replacement filter, a cost effective alternative to the PowerCore® filter package for the Donaldson PowerCore® CP dust collector. Parker’s patented MERV 15 TotalPleat ™ filter offers significant advantages over the PowerCore® design; in particular, customers report a longer filter life.
- In September 2018, MANN + HUMMEL announced the launch of its new brand name “OurAir” for the Indian market. The products are based on smart devices, integrating air quality monitors, filters, purification and ventilation systems with the digital platform OurAir. The launch in India also coincided with the official announcement of the accreditation of both the OurAir air quality monitors and the digital platform by RESET, the world’s first sensor-based and performance-based construction standard and certification program.
- In November 2019, Hempel announced the launch of a new product, Hempafire Optima 500. The newly launched product is specifically designed to improve the productivity of HVAC filters for coating applications. The newly launched product reduces the number of coats required and the processing time required to apply.
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