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2024 HVAC Filters Market Report : Market Size, Growth Drivers, And Key Trends | 3M Company, Parker-Hannifin Corporation, Camfil AB, MANN+HUMMEL Gruppe, American Air Filter Company Inc.

HVAC Filters Global Market Report

HVAC Filters Global Market Report

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the HVAC Filters Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The hvac filters market size has grown strongly in recent years. It will grow from $8.48 billion in 2023 to $9.07 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to occupational health standards, environmental concerns, healthcare sector demand, industrial growth, consumer preferences..

The hvac filters market size is expected to see strong growth in the next few years. It will grow to $12.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing urbanization, energy efficiency mandates, rise in construction projects, smart and iot-enabled filters, hvac system retrofitting.. Major trends in the forecast period include indoor air quality awareness, stringent regulatory standards, health and wellness focus, energy efficiency requirements..

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Key Market Players:
Major companies operating in the hvac filters market report are 3M Company, Parker-Hannifin Corporation, Camfil AB, MANN+HUMMEL Gruppe, American Air Filter Company Inc., Donaldson Company Inc., Ahlstrom-Munksjö Oyj, Filtration Group Corporation, Freudenberg Group, Emirates Industrial Filters LLC, Koch Filter Corporation, Spectrum Filtration Pvt. Ltd., General Filter Air, Troy Filters Ltd., Darrell Hanna & Associates Inc., Honeywell International Inc., Lennox International Inc., Parker Hannifin Corporation, Carrier Corporation, Trane Technologies plc, Johnson Controls International plc, Siemens AG, LG Electronics Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Rheem Manufacturing Company, Sharp Corporation, Toshiba Corporation, K&N Engineering Inc., Glasfloss Industries Inc.

Market Drivers:
The increasing circulation of toxic compounds in the air is expected to drive the HVAC filter market going forward. 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. For instance, according to the Environmental Protection Agency, an independent executive agency of the United States federal government tasked with environmental protection matters, in 2021, about 102 million Americans resided in counties where pollution levels were above the primary NAAQS (National Ambient Air Quality Standards), emitting about 67 million tons of pollution into the atmosphere. Therefore, the increasing circulation of toxic compounds in the air will drive the growth of the HVAC filter market.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/hvac-filters-global-market-report

The hvac filters market covered in this report is segmented -
1) By Product: Fiberglass Filter, Pleated Filter, Electrostatic Filter, Carbon Air Filter, HEPA Filter, Pocket Filter, Other Products
2) By Material: Fiberglass, Synthetic Polymer, Carbon Derivatives, Metal, Other materials
3) By Application: Residential, Commercial, Industrial
4) By End-Use Industry: Building & Construction, Pharmaceutical, Food & Beverage, Automotive, Other end-users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

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