HVAC Air Filter Market Scope
HVAC (Heating, Ventilating, and Air Conditioning) air filters are an essential residential component, it includes heat pump, air conditioner units, furnace unit, window units, etc. The HVAC air filters are the same as air conditioner filters or furnace filters, the importance of these filters varies according to the wants and needs of people. The main purpose of the air filters is to keep the indoor system parts from clogged with dust and other material for better air quality and efficiency.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Freudenberg Filtration Technologies SE & Co. KG (Germany), 3M (United States), Camfil (Sweden), Filtration Group Corporation (United States), Daikin Industries Ltd. (Japan), FläktGroup Holding GmbH (Germany), Parker Hannifin Corp (United States), Air Filters, Inc. (United States) and CMS Group of Companies (UAE) |
CAGR | 6.7% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Freudenberg Filtration Technologies SE & Co. KG (Germany), 3M (United States), Camfil (Sweden), Filtration Group Corporation (United States), Daikin Industries Ltd. (Japan), FläktGroup Holding GmbH (Germany), Parker Hannifin Corp (United States), Air Filters, Inc. (United States) and CMS Group of Companies (UAE) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global HVAC Air Filter market by Type , by Application (Residential, Commercial and Industrial) and Region with country level break-up.
On the basis of geography, the market of HVAC Air Filter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On January 9, 2024, Filter King LLC, a leading manufacturer of HVAC home and business air filters, announced the opening of a new manufacturing facility in Miami, Florida. This expansion was driven by surging demand for its premium quality air filters.
On 4th April 2019, Filtration Group HVAC announced the expansion of its products line of self-supported pleat air filters called the MERV 10 AEROSTAR NOVAPLEAT X. it is engineered to improve air quality with the design of the product incorporates an increased air particle removal rate that captures 2.5x more airborne irritants in the ASHRAE 1-3-micron range than the minimum standard for a MERV 8 pleat. It7s lifespan exceeds or meets the normal standard capacity of the product.
"EPA recommends that consumers who are concerned about small particles choose furnace filters with at least a MERV 13 rating or as high a MERV rating as the system fan and filter track can accommodate. However, the selection of any increased efficiency media furnace filter including MERV 13 to 16 or HEPA must also take into account the compatibility of the filter with the existing ducted HVAC system to ensure that airflow will not be impeded by the added resistance of the filter. To accommodate a higher efficiency furnace filter in an existing home, a trained professional may need to modify the system."
Influencing Trend:
Increasing Availability of HVAC Air Filters in Various Sizes
Market Growth Drivers:
Increasing Demand for Air Conditioners Across the world Due to Frequent Environmental Changes and Need for Energy Efficiency, Better Air Quality, and Temperature Control
Challenges:
Complexities Involved with Maintenance of HVAC Air Filters
Restraints:
High-Cost Availablity of HVAC Air Filter Might be the Hindrance and Stringent Regulatory Guidelines Associated with HVAC Air Filters
Opportunities:
Surging Demand for HVAC Air Filters form Developing Countries
Key Target Audience
HVAC Air Filter Manufacturers, HVAC Air Filter International Traders, HVAC Air Filter Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Regulatory Bodies and Others