Press release
HVAC Filters Market 2024 Trends by Top Players Parker Hannifin, Camfil, Filtration Group, Spectrum Filtration, Troy Filters Ltd
HVAC Filters Market
Improving standard of living and increasing demand for energy-efficient air purification will contribute to HVAC filters market growth. This can be credited to substantial efforts taken by manufacturers and regulatory authorities. Growing innovation measures have also led to the development of cost-effective systems, which may open avenues for players and escalate product demand.
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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.
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.
Market Growth Drivers -
1. North America: Growing demand for HEPA filters that reduce airborne contaminants in hospitals
2. Europe: Innovations in filter media driven by advancements in nanotechnology
3. 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.
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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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