The global Heating, ventilation, and air conditioning (HVAC) filters market is likely to reach value of USD 7.89 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to the increasing awareness among people regarding deterioration of indoor air quality. Moreover, the rising need to reduce excessive dirt and debris built up in HVAC systems causing early system failure and expensive repairs is also boosting the demand for HVAC filters. Increasing research and development activities for production of high-efficiency HVAC filters, which can reduce allergens and dust, are also augmenting the market for HVAC filters.
High-efficiency particulate air (HEPA) filters are increasingly utilized in residential and commercial sectors, as they can easily trap airborne particles such as dust, mites, mold spores, pollen, and pet dander, in the air inside homes. Smokers, pet owners, asthma sufferers, and new-generation parents are increasingly adopting HEPA filters, as they can remove even the tiniest airborne particles.
Key market participants include Camfil, 3M Company, Mann+Hummel, Parker-Hannifin Corporation, American Air Filter Company, Inc., Ahlstrom-Munksjö, Donaldson Company, Filtration Group Corporation, Sogefi Group, and Freudenberg Group
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Market Scope:
One of the report’s central components is the broad HVAC Filters market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the HVAC Filters market players.
Emergen Research has segmented the global HVAC filters market in terms of technology, material, end-user, and region:
- Technology Outlook (Revenue, USD Billion; 2017–2027)
- Electrostatic Precipitators
- HEPA
- Activated Carbon
- Others (Ionic Filtration and UV Filtration)
- Material Outlook (Revenue, USD Billion; 2017–2027)
- Carbon
- Fiberglass
- Metal
- Synthetic Polymer
- End-user Outlook (Revenue, USD Billion; 2017–2027)
- Pharmaceutical
- Automotive
- Building & Construction
- Food & Beverage
- Others
In April 2020, Camfil Svenska AB, an air filter company, announced that the company had acquired Resema AB, its fellow Sweden-based filter company, and Resema A/S, its Denmark-based sister company. The acquisition is expected to strengthen the company’s position in the air filtration industry in the Nordic region.
The HEPA segment held the largest market share of 49.9% in 2019. Increasing prevalence of asthma among people is driving the demand for HEPA air purifiers, as they remove common household allergens such as mite feces, mold spores, and household dust particles.
Read More: https://www.emergenresearch.com/industry-report/hvac-filters-market
Key Points of HVAC Filters Market:
Extensive coverage of the analysis of the HVAC Filters market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the HVAC Filters market
Complete data about the key manufacturers and vendors in the HVAC Filters market
The HVAC Filters market report discusses in detail the revenue and cost profit analysis of the prominent players of the market. It also focuses on the strategic initiatives taken by the companies to gain a robust footing in the market such as mergers and acquisitions, collaborations, joint ventures, partnerships, corporate and government deals, and licensing agreements, among others. It covers business overview, expansion plans, gross profit margins, revenue growth, production and manufacturing capacity, product portfolio, and financial standing of the companies. SWOT analysis and Porter’s Five Forces analysis are also covered to offer detailed analysis of the key companies operating in the market.
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Table of Content
Chapter 1. HVAC Filters Market Methodology & Sources
1.1. HVAC Filters Market Definition
1.2. HVAC Filters Market Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. HVAC Filters Market Segmentation & Impact Analysis
4.1. HVAC Filters Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing energy consumption and prices
4.2.2.2. Rising government policies regarding energy efficiency
4.2.2.3. Increasing smart grid services
4.2.3. Market restraints analysis
4.2.3.1. Highly competitive with presences of local & global players
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. HVAC Filters Market By Form Factor Insights & Trends, Revenue (USD Billion)
Chapter 6. HVAC Filters Market By Input type Insights & Trends Revenue (USD Billion)
Chapter 7. HVAC Filters Market By Application Insights & Trends, Revenue (USD Billion)
Chapter 8. HVAC Filters Market By End-use Insights & Trends, Revenue (USD Billion)
Chapter 9. HVAC Filters Market Regional Outlook
Continued…
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