Press release
HVAC Filters Market: Segments Overview, Trends, and Comprehensive Report 2024-2033
HVAC Filters Market Segments
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According to The Business Research Company's, 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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Market Drivers and Trends:
Increasing construction activities is expected to propel the HVAC filters market going forward. Construction activities encompass a broad range of tasks and processes involved in the planning, design, development, and assembly of physical structures, facilities, or infrastructure. HVAC filters play a crucial role in construction activities by ensuring indoor air quality in newly constructed or renovated buildings. During construction, various activities such as cutting, welding, and painting can generate airborne particles, dust, and contaminants. HVAC systems equipped with effective filters help mitigate these air quality issues by capturing and filtering out particulate matter before it circulates throughout the building. This not only contributes to a healthier indoor environment for construction workers but also ensures that the final structure begins its operational life with clean and uncontaminated air. For instance, October 2023, Upmetrics, a US-based AI-powered business plan software solutions company published an article according to which the construction industry of the USA is worth $1.8 trillion, while the global construction industry is valued at $8.9 trillion in 2023 and the global residential construction market is expected to grow to $8.3 trillion by 2032, with a 4.8% annual growth rate. Therefore, increasing construction activities is driving the HVAC filters market.
Product innovation is the key trend gaining popularity in the HVAC filters market. 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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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
HVAC Filters Market 2024 Key Insights:
• 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 Surge In Hvac Filter Market Driven By Escalating Concerns Over Airborne Toxic Compounds And Health Implications
• Voltas' Breakthrough Hepa Filter Technology Sets The Trend In Hvac Filters Market
• Asia-Pacific was the largest region in the HVAC filters market share in 2023
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More Releases for Filter
Filter Aid Diatomaceous Earth For Gravity Filter
Technology data sheet
TYPE
Color
Grade
Permeability
Density
Screening%
PH
MIN darcy
TARGET darcy
MAX darcy
TARGET g/cm3
MAX g/cm3
+150mesh
MIN
TARGET
MAX
ZBS100
pink/white
Dissolve calcination
1.3
1.5
1.8
0.37
0.4
0
NA
4
8-11
ZBS150
pink/white
Dissolve calcination
1.5
1.9
2.3
0.35
0.4
0
NA
4
8-11
ZBS200
pink/white
Dissolve calcination
2.3
2.6
3
0.35
0.4
0
NA
4
8-11
ZBS300
white
Dissolve calcination
3
3.5
4
0.35
0.37
0
2
6
8-11
ZBS400
white
Dissolve calcination
4
4.5
5
0.35
0.37
2
4
10
8-11
ZBS500
white
Dissolve calcination
4.8
5.3
6
0.35
0.37
4
8
15
8-11
ZBS600
white
Dissolve calcination
6
7
8
0.35
0.37
6
10
20
8-11
ZBS800
white
Dissolve calcination
7
8
9
0.35
0.37
10
15
25
8-11
ZBS1000
white
Dissolve calcination
8
10
12
0.35
0.38
12
21
30
8-11
13
19
25
0.35
0.38
9
19
30
8-11
ZBS1200
white
Dissolve calcination
12
17
30
0.35
0.38
NA
NA
NA
8-11
Product Advantages
- complete range of permeability - complete certification: ISO, Halal, Kosher - suitable for all walks of life - Higher efficiency filtration - National Patent products
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