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The Global HVAC Air Filter Market size is estimated to grow by USD 2,702.82 million between 2022 and 2027 exhibiting a CAGR of 4.53%.
HVAC air filters remove dust particles such as dust, allergens, dander, and virus which in turn improves the air quality. For such benefits, there is a huge demand for HVAC air filters. The number of data centers is increasing due to rising dependency on the internet and advances in technology and connectivity demands required by the clients. But one of the challenges faced by data centers is overheating of systems. To overcome this issue, cooling systems such as air handling units (AHUs) are provided in the data center to maintain the temperature and enhance efficiency which is expected to drive market growth. Furthermore, US, UK, Germany, and Japan are replacing their old buildings and thereby replacing the existing HVAC systems with new HVAC filters. Due to the increase in the construction of commercial and residential buildings vendors are also getting ample opportunities. Market players are focussing on product portfolios, technological innovations, and strategic mergers and acquisitions to stay ahead of their competitors in the HVAC air filter market.
This report extensively covers market segmentation by Application (building and construction, automotive, pharmaceutical, food and beverage, and others), End-user (non-residential and residential), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The Covid-19 pandemic negatively impacted the HVAC air filter industry due to stringent lockdown restrictions. However, the lockdown restrictions were lifted by the end of 2020 owing to large-scale vaccination drives across APAC. This helped resume the production of these air filters in the manufacturing facilities. The operations in the end-user industries such as automotive, construction, food and beverages, electronics, and others also restarted at the beginning of 2021. This increased the demand for HVAC air filters for various applications in these end-user industries.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key HVAC Air Filter Market Driver
The growing healthcare sector globally is expected to spur the demand for the global HVAC air filter market. Maintaining the IAQ is very important in hospitals and other healthcare facilities. The air purification system provides fresh air supply by removing infectious bacteria, dust, pollen grains, and other fungal spores. Apart from protecting the patients, proper air filtration is necessary to protect the equipment and processes. Therefore, growth in the healthcare sector reflects the growth in the global air purification systems market. Additionally, the healthcare sector worldwide is witnessing significant growth every year due to the aging population and growing investment. Many companies are investing in the sector to meet the rising need for innovative and alternative approaches toward treating healthcare issues. The rise in the construction of hospitals to meet the growing need for medical services will spur the demand for the HVAC air filter market.
Significant HVAC Air Filter Market Trends
There is intense competition in the market due to the presence of several regional and international players making the air handling market more competitive. The vendors are also under constant pressure to deal with price fluctuations and retain their competitive edge in the market. Decreasing prices of HVAC equipment and components coupled with reducing profit margins have compelled companies to expand their product base. Most vendors in the market engage in mergers and acquisitions to maintain their market strength and presence. This has led to a number of consolidations in the market. For instance, Parker Hannifin, a diversified manufacturer in the filtration business since 1968, had grown over the years through M and A.
MANN+HUMMEL is one of the leading providers of filtration solutions for automotive and industrial applications, sustainable use of water, and clean, purified air. The company acquired Hardy Filtration in August 2019. With the acquisition of Hardy Filtration, the company expanded its global footprint and manufacturing capabilities.
Major HVAC Air Filter Market Challenge
Having technical expertise and knowledge is crucial when it comes to installing or managing any kind of HVAC equipment, including AHU systems. For HVAC manufacturers, both production and aftermarket services play a significant role in maintaining their market position. However, one of the biggest obstacles faced by contractors is attracting and retaining skilled workers for HVAC systems. The lack of technical workers has been a persistent issue for contractors for several years, and it is expected to continue in the foreseeable future. This shortage is primarily due to a preference for more popular career paths such as computer programming, application design, and investment banking. The shortage of skilled labor is expected to create a significant challenge for HVAC manufacturers in providing aftermarket services for HVAC systems.
Key HVAC Air Filter Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global HVAC Air Filter Market Customer Landscape
Vendors 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.
Air Filtration Solutions Ltd. - The company offers a complete line of air intake filters that reduces air pollution. The key offerings of the company include HVAC air filters.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The building and construction segment was valued at USD 3,306.96 million in 2017 and continued to grow until 2021. Air conditioning, heating, and ventilation systems combine to form an air filtration system in a structure. The main drivers behind this are to reduce the number of impurities in the air inside the building and to shield equipment components from any buildup of dirt and debris. HVAC air filters help in maintaining comfort and safety, and the proper operation of the mechanical building system which is expected to drive market growth. The country's economy is significantly influenced by the automotive industry's manufacturing lines. Workers can readily get exposed to harmful dust and chemicals while working in the automotive industry. To lessen worker exposure, HVAC air filters assist in removing particles from the area around the production line. The filtering system is essential in ensuring that pharmaceutical-grade air is free of airborne pollutants, germs, viruses, and dangerous gases from the AHU (Air Handling Unit) to the output as well. The importance of HVAC air filters in different segments will propel the market growth.
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The major applications of HVAC air filters in the non-residential sector include office spaces, manufacturing industries, healthcare facilities, data centers, educational institutions, and retail stores. Growth in this sector is expected to drive the demand for the HVAC air filter market during the forecast period. New residential construction activities, stringent emission regulations, and remodeling and retrofitting activities are the key contributing factors to the increase in the demand for HVAC equipment, thereby driving the market for HVAC air filters.
APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC is expected to grow significantly during the forecast period owing to the rapid industrialization in countries such as India, China, and Japan. The growing demand for HVAC air filters is primarily witnessed in the commercial and residential construction sectors and manufacturing industries. Investments in healthcare facilities and infrastructure are expected to rise during the forecast period, particularly in China and India. HVAC systems play a critical role in the healthcare sector in maintaining an environment free from contamination. Additionally, governments are focusing on promoting the healthcare sector by increasing investments in healthcare facilities. Furthermore, APAC is the largest market due to the growing population, climatic conditions, increasing urbanization, and demographic changes. Therefore, all the abovementioned factors will boost the regional HVAC filter market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
HVAC Air Filter Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.53% |
Market growth 2023-2027 |
USD 2,702.82 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.7 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 58% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Koninklijke Philips NV, MANN HUMMEL International GmbH and Co. KG, Parker Hannifin Corp., Samsung Electronics Co. Ltd., Lennox International Inc., Unilever PLC, Camfil AB, Carrier Global Corp., Daikin Industries Ltd., Donaldson Co. Inc., Air Filter Industries Pvt. Ltd., Fab Tex Filtration, FlaktGroup Holding GmbH, Fumex Inc., Steril Aire LLC, VIRGIS FILTERS SPA, Pearl Filtration, Air Filtration Solutions Ltd., and Airsan |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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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