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The HVAC air filter market size is forecast to increase by USD 2.46 billion at a CAGR of 4.01% between 2023 and 2028. The growth rate of the market is influenced by several key factors. One primary driver is the increasing number of data centers, which require robust HVAC systems to maintain optimal operating conditions for sensitive equipment. Additionally, there is a significant demand for the refurbishment and replacement of existing HVAC systems, driven by the need for more energy-efficient and technologically advanced solutions. The growth in the healthcare industry also plays a crucial role, as healthcare facilities require reliable and efficient HVAC systems to ensure a sterile and comfortable environment for patients and staff. These factors collectively contribute to the rising demand for HVAC systems across various sectors, highlighting the importance of energy efficiency, technological advancements, and the specific needs of critical industries like data centers and healthcare. As these trends continue to evolve, the market for HVAC systems is expected to experience sustained growth. Our report examines historical data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
The market in APAC is fuelled by the rapid industrialization in countries such as India, China, and Japan. In addition, the increasing demand is primarily witnessed in the commercial and residential construction sectors and manufacturing industries. Air Filtration Solutions Ltd offers a complete line of air intake filters that reduce air pollution. 3M Co. offers advanced ceramic solutions, attachment tapes, films, sound and temperature management for transportation vehicles, and premium large-format graphic films for advertising and fleet signage.
Market Forecast 2024-2028
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The market encompasses the production and distribution of filters used in heating, ventilation, and air conditioning (HVAC) systems for improving indoor air quality in various living environments and commercial buildings. HEPA filters, a type of advanced filtration technology, play a significant role in this market due to their ability to capture particles as small as 0.3 microns, including those carrying infectious illnesses such as tuberculosis, smallpox, and MERS infections. Hospitals and other healthcare facilities are major consumers of HVAC systems with advanced filtration capabilities. The International Energy Agency reports that HVAC systems, including air conditioners (ACs) and fan coils, account for approximately 40% of energy consumption in commercial buildings. The use of energy-efficient HVAC systems and Bluetooth-enabled filters for monitoring and maintenance is a growing trend in the market.
Hydrofluorocarbons (HFCs), a type of synthetic polymer used as refrigerants in HVAC systems, are under scrutiny due to their high global warming potential. The depletion of fossil fuel reserves and the need for energy efficiency are driving the development of alternative refrigerants and energy sources for HVAC systems. Air handlers and terminal units are other essential components of HVAC systems that require regular filter replacement for optimal indoor climate and energy performance. The ventilation system is also a critical factor in maintaining good indoor air quality and reducing energy consumption. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The Market plays a crucial role in ensuring indoor air quality within various types of buildings, including commercial and industrial structures. HVAC systems, essential components of a living environment, rely on these filters to maintain optimal functioning and energy efficiency. HEPA filters, a type of advanced filtration technology, are widely used in hospitals and healthcare facilities to prevent the spread of infectious illnesses such as smallpox, tuberculosis, and MERS infections.
Moreover, the market encompasses a broad range of products, including pleated filters and fiberglass filters, designed to capture pollen, pet dander, mold spores, bacteria, and other allergens and pollutants. The importance of maintaining good respiratory health and alleviating asthma symptoms has led to a growing demand for high-efficiency filters. Hence, such factors are driving the market growth during the forecast period.
The Market plays a crucial role in enhancing indoor air quality within residential and commercial spaces. HVAC systems are integral to maintaining a comfortable living environment, yet they can also harbor pollutants such as pollen, pet dander, mold spores, bacteria, and other allergens. These contaminants can negatively impact respiratory health, exacerbating asthma symptoms and even leading to more serious conditions like infectious illnesses.
Moreover, to mitigate these risks, various filtration technologies have emerged. HEPA filters, for instance, are renowned for their ability to capture 99.97% of particles as small as 0.3 microns. In high-risk settings like hospitals, where infectious diseases such as smallpox, tuberculosis, and MERS infections pose a threat, advanced filtration systems are essential. The market for HVAC filters encompasses a wide range of applications, from commercial buildings and industrial facilities to small residential units. Hence, such factors are driving the market growth during the forecast period.
The Market plays a crucial role in maintaining indoor air quality within various living environments, including homes and commercial buildings. HVAC systems, essential for regulating temperature and humidity, rely on filters to ensure efficient operation and optimal purification. HEPA filters, a popular choice for hospitals and other healthcare facilities due to their ability to trap infectious agents such as smallpox, tuberculosis, and MERS infections, are a significant segment of this market.
Moreover, labor costs associated with cleaning and maintaining HVAC filters in commercial and industrial buildings can be substantial. Pleated filters and fiberglass filters, common types used in HVAC systems, require regular upkeep. Neglecting these filters can lead to clogged airways, obstructing normal airflow and negatively impacting the system's performance. Hence, such factors are hindering the market growth during the forecast period.
The building and construction segment is estimated to witness significant growth during the forecast period. The Market encompasses the production, sales, and installation of filters used in HVAC systems to maintain indoor air quality in various living environments. HVAC systems, including air conditioners (ACs) and heating, ventilation, and air conditioning (HVAC) units, are essential for providing comfortable and healthy indoor conditions in commercial and industrial buildings.
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The building and construction segment was the largest segment and was valued at USD 3.41 billion in 2018. HEPA filters, known for their high efficiency in removing airborne impurities such as germs, viruses, and pollutants, play a crucial role in preventing the spread of infectious illnesses like smallpox, tuberculosis, and MERS infections. The demand for HVAC filters is driven by the need to ensure good indoor air quality, which is essential for respiratory health and alleviating asthma symptoms. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
Based on the end-user, the market has been segmented into non-residential and residential. The non-residential segment will account for the largest share of this segment. Quality systems play a crucial role in maintaining healthy indoor environments in various non-residential sectors, including office spaces, manufacturing industries, healthcare facilities, data centers, educational institutions, and retail stores. The demand for these systems is driven by the increasing population, urbanization, and rapid industrialization, which necessitate the need for energy-efficient HVAC solutions to ensure optimal quality. Bacterial and viral particles are significant contaminants that can adversely affect indoor quality. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
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APAC is estimated to contribute 62% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market encompasses a range of filtration systems designed to enhance quality within residential and commercial buildings, as well as in vehicles. These filters play a crucial role in trapping bacterial and viral particles, thereby improving overall health and safety. The purifiers, an essential component of quality systems, further augment this function by targeting smaller dust particles and ensuring a uniform air-flow supply. Green building standards mandate the implementation of high-performance filtration systems to meet stringent quality requirements. Vehicle miles driven and time spent in vehicle parks necessitate the use of effective filtration systems in automobiles. Aftermarket services and maintenance costs associated with these filters are significant considerations for consumers and businesses alike. Hence, such factors are driving the market in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Camfil AB: The company offers commercial and industrial systems for air filtration and air pollution control that improve worker and equipment productivity, minimize energy use, and benefit human health and the environment.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Airsan, Carrier Global Corp., Daikin Industries Ltd., Donaldson Co. Inc., Fab Tex Filtration, FlaktGroup Holding GmbH, Fumex Inc., Koninklijke Philips N.V., Lennox International Inc., MANN HUMMEL International GmbH and Co. KG, Parker Hannifin Corp., Pearl Filtration, Samsung Electronics Co. Ltd., Steril Aire LLC, Unilever PLC, and VIRGIS FILTERS SPA
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is a significant sector within the HVAC industry. HVAC systems are essential for maintaining comfortable indoor environments in both residential and commercial settings. The market landscape depends on Bluetooth-enabled HVAC filters, Internal combustion engines, Indoor air quality (IAQ), Two-step approach for air filtration. It plays a crucial role in these systems by removing pollutants and contaminants from the air, ensuring the quality of indoor air. The market is driven by several factors, including increasing awareness of indoor air quality, stringent regulations regarding air quality, and the growing demand for energy-efficient HVAC systems.
Additionally, the market is influenced by factors such as the rising disposable income of consumers and the availability of advanced filter technologies. The market is expected to grow steadily in the coming years due to these factors. Manufacturers are focusing on developing filters with higher filtration efficiency, longer service life, and lower energy consumption. Furthermore, the market is witnessing the emergence of new players and the introduction of innovative filter technologies, adding to the competition and driving innovation in the sector. In conclusion, the market is a dynamic and growing sector, driven by factors such as increasing awareness of indoor air quality, stringent regulations, and the demand for energy-efficient systems. Manufacturers are responding to these trends by developing filters with higher filtration efficiency, longer service life, and lower energy consumption.
Further, the market experiences robust growth driven by concerns over asthma symptoms and the need for clean indoor air. High-Efficiency Particulate Air (HEPA) filters play a vital role in reducing allergens, while LEED green building certification drives the adoption of sustainable filtration solutions. As part of the market, innovations in dust collectors and air quality systems address challenges posed by viral particles and improve dust-holding capacity. Advanced filters ensure uniform air-flow supply and superior filtering performance, while washable and reusable air purifiers offer cost-effective solutions. Compliance with green building standards encourages the use of environmentally friendly options, mitigating maintenance costs associated with traditional filters like cartridge, baghouse, and mist filters.
Market Scope |
|
Report Coverage |
Details |
Page number |
184 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.01% |
Market Growth 2024-2028 |
USD 2.46 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.8 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 62% |
Key countries |
China, the US, Japan, Germany, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Air Filter Industries Pvt. Ltd., Air Filtration Solutions Ltd., Airsan, Camfil AB, Carrier Global Corp., Daikin Industries Ltd., Donaldson Co. Inc., Fab Tex Filtration, FlaktGroup Holding GmbH, Fumex Inc., Koninklijke Philips N.V., Lennox International Inc., MANN HUMMEL International GmbH and Co. KG, Parker Hannifin Corp., Pearl Filtration, Samsung Electronics Co. Ltd., Steril Aire LLC, Unilever PLC, and VIRGIS FILTERS SPA |
Market dynamics |
Parent market analysis, market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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