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HVAC Filters Market 2020 Top Trends By Industry Players Parker Hannifin, Camfil, Troy Filters, Tex-Air Filters, Koch Filter, Spectrum Filtration Pvt. Ltd., General Filter Havak
HVAC Filters Market
Germany HVAC filters market is anticipated to exceed USD 715 million by 2024 owing to presence of various pharmaceutical and food & beverage manufacturers. Extension in product portfolio and R&D initiatives by several manufacturers will develop industry growth. Growing per capita income with government support for clean air should further strengthen regional industry growth.
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Japan HVAC filters market may observe significant gains over 5.5% by 2024. Rising awareness of negative environmental impacts is driving product demand in residential and non-residential sectors including commercial, institutions, office and healthcare sectors. Consumers are changing their preferences for energy efficient products, thus propelling market growth.
Carbon HVAC filters market will exceed USD 1.5 billion up to 2024. They are designed to purify gases through activated charcoal bed and are deployed to tackle volatile organic compounds released from residential products. They are also utilized to eradicate odors from air, including smell of tobacco smoke, hence propelling the market growth.
Market Growth Drivers -
o North America: Growing demand for HEPA filters that reduce airborne contaminants in hospitals
o Europe: Innovations in filter media driven by advancements in nanotechnology
o Asia Pacific: Demand for HVAC energy efficiency and increasing stringent air quality regulations across a variety of end markets
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HVAC filters market from construction may observe significant gains up to 4% by 2024. There has been an escalating demand for purification solutions in construction industry. These systems collect dust and avoid dust emissions at multiple stages including primary & secondary crushing and material transfer. The construction industry is expected to grow substantially owing to the multiple infrastructural development projects globally, which would positively impact market share.
Electrostatic HVAC filters market is anticipated to surpass USD 1.5 billion by 2024. Static electricity entices dirt & dust to vertical and overhead surfaces. Electrostatic filter puts a static electrical charge on all particles present in air that pass-through filter media. This system uses a con?guration of woven fabric and anti-microbial foam core which prevents bacteria and mold growth, hence stimulating market growth.
HVAC filters market is moderately fragmented and highly competitive with major industry players including Koch, Tex-Air, Spectrum Filtration, Parker Hannifin Corp, Troy, AAF, Camfil, and Emirates Industrial. Companies are investing heavily in R&D, capacity expansion, and product innovation for growing product demand.
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