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HVAC Filters Market Analysis, Trends, Growth, Research And Forecast 2032
HVAC Filters Market
The Business Research Company's HVAC Filters Global Market Report 2023 identifies increasing circulation of toxic compounds as the major driver for the HVAC filters market's growth in the forecast period. Increased cases of allergies, asthma, headaches, coughs, sinusitis, and other chronic respiratory disorders are among the diseases caused by poor air quality. Furthermore, the increasing circulation of toxic compounds in the air is directing factory owners' attention toward implementing effective preventive measures to protect the air quality around the premises and to ensure the safety and health of their factory workers. Due to this increase in the circulation of toxic compounds, HVAC filters are used to remove impurities from the air flowing through the system, such as dust, pet dander, and bacteria.
The global HVAC filters market size is expected to grow from $7.94 billion in 2022 to $8.51 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The HVAC filters market size is expected to reach $11.02 billion in 2027 at a CAGR of 6.7%.
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Major competitors in the HVAC filters market are 3M Company, Parker-Hannifin Corporation, Camfil AB, Mann+Hummel, American Air Filter Company Inc., Donaldson Company Inc., Ahlstrom-Munksjö, Filtration Group Corporation.
A key trend in the HVAC filters market includes product innovation. Major companies in the HVAC Filters are innovating with newer products to stay dominant in the HVAC filters market. In recent times, the market has witnessed the use of innovative air filters with multiple layers, which increase the thickness and weight of the air filter. For instance, in June 2022, Voltas Limited, an India-based air conditioning, and cooling technology company, launched Voltas' PureAir 6 Stage Adjustable Inverter AC, India's first AC with HEPA Filter technology. The PureAir 6 Stage Adjustable Inverter AC has the industry's first AQI Indicator, PM 1.0 Sensor, and HEPA Filter to help purify indoor air. It also has a 6-Stage Adjustable Tonnage Mode that enables the user to switch between different tonnages depending on the ambient temperature or the number of occupants in the room.
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The HVAC filters market is segmented -
• By Product: Fiberglass Filter, Pleated Filter, Electrostatic Filter, Carbon Air Filter, HEPA Filter, Pocket Filter, Other Products
• By Material: Fiberglass, Synthetic Polymer, Carbon Derivatives, Metal, and Other Materials
• By Application: Residential, Commercial, Industrial
• By End-Use Industry: Building & Construction, Pharmaceutical, Food & Beverage, Automotive, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the HVAC filters market.
The Business Research Company's "Global HVAC Filters Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The HVAC Filters Market Include:
1. Executive Summary
2. HVAC Filters Market Characteristics
3. HVAC Filters Market Trends And Strategies
4. HVAC Filters Market - Macro Economic Scenario
5. HVAC Filters Market Size And Growth
……
26. Africa HVAC Filters Market
27. HVAC Filters Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The HVAC Filters Market
29. HVAC Filters Market Future Outlook and Potential Analysis
30. Appendix
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