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HVAC Filters Market Growth to Soar High by 2024 | Parker Hannifin, Camfil, Troy Filters, General Filter Havak, Tex-Air Filters

01-23-2020 11:13 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

HVAC Filters Market

HVAC Filters Market

Technological developments in the field of HVAC systems will set the precedent for the growth of the HVAC filters market. As more HVAC systems are becoming smarter with building managers being able to operate HVAC systems with smartphone apps and single control point, it is becoming easier to keep track of HVAC filter maintenance, which for the best performance are supposed to be replaced every two to three months. Thus, with the greater installation and better maintenance of HVAC systems to receive optimum results, the HVAC filters industry size will soar high by 2025.

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Advancement in the HVAC technology has contributed to the increase of HVAC system installation and the subsequent growth of the HVAC filters market. With legislation being put into place that will make the replacement of older and less energy efficient HVAC models possible, it is rather overt that HVAC filters industry will register a significant boost.

Owing to the deteriorating air quality and the need to maintain constant indoor temperatures, the HVAC filters market has recorded a steady growth over the past decade, a trend that is expected to continue over 2018-2024. According to data provided by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) of the U.S., in 2018 air conditioning and heat pump unit shipments got closest to number of unit shipments in 2005 which was a record setting year for the HVAC industry. In 2018, combined shipment of heat pumps and air conditioning units surpasses 5.5 million which is a 6.5% rise when compared to the same period of time in 2017. Considering that the sale of HVAC systems is attaining levels recorded in the pre-recession period as employment rate as well as consumer confidence rise, it is anticipated that the HVAC filters market will also record profitable returns by 2025.

Most organizations as well as energy intensive manufacturing units need HVAC system optimization to reach their targeted energy savings. To maximize HVAC system performance, not only are new systems being installed but HVAC filters in older systems are regularly upgraded and changed, adding impetus to the HVAC filters market.

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The current burgeoning economic growth is also playing its part in the growth of the HVAC filters market. Not only countries with established economies but consumers in countries with emerging economies are becoming increasingly aware of the ill effects of airborne microorganisms, pollens, dust and fumes. With increasing disposable incomes, consumers are now able to afford residential HVAC systems not only for air filtration but also for maintaining comfortable indoor temperature and moisture. As the economy is recovering many consumers are opting to replace their older HVAC systems with completely new ones than going for repairs. The HVAC filters market is thus witnessing increased traction across numerous geographies.

Some prominent names comprising the HVAC filters market landscape are:
• AAF
• Camfil
• Dafco Filtration Group
• Emirates Industrial Filters
• Filtration Group
• Freudenberg & Co.
• Koch Filter

Related News: https://www.globenewswire.com/news-release/2018/11/22/1655457/0/en/HVAC-Filters-Market-to-exceed-13-bn-by-2024-Global-Market-Insights-Inc.html

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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