HVAC Filters Market 2021 – 2027 | Potential Growth, Latest Trends and Segment Insights

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HVAC Filters Market 2021 - Development Analysis
And Future Strategies to 2027

• The HVAC filters market is projected to witness
  substantial growth by 2027, driven by rapidly
  rising consumer awareness towards the importance
  and benefits of clean and pure breathing air.
  Consequently, surging demand for air
  purification, further boosted by rising incidents
  of airborne infections, is projected to
  contribute significantly to industry growth
  through the assessment period. According to the
  latest research report by Global Market Insights,
  Inc., the HVAC filters market valuation is
  anticipated to exceed USD 16.5 billion by 2027.
• Prominent HVAC filter characteristics such as
  high filtration efficiency, coupled with their
  ability to function in extreme environmental
  conditions, such as high moisture, heat, and
  cold, is slated to boost product demand in
  residential settings and several other end-use
  application avenues through the forecast period.

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• A recent surge in incidences of airborne
  infections and contaminations have called for
  more research activities in the field to
  determine the extent of possible benefits of HVAC
  and other air cleaning devices against airborne
  contaminants. This is especially standing true
  during the ongoing COVID-19 pandemic situation.
  In April 2021, a team of researchers at the
  University of Melbourne presented a study that
  examined the efficacy of aerosol filtration by
  portable air purifiers with HEPA filters used
  along with HVAC systems.

• The research study found that portable air
  cleaning devices with HEPA filters were highly
  efficient in eliminating aerosols causing the
  COVID-19 infection. Inexpensive portable air
  cleaners could be used effectively to purify the
  air in small and enclosed spaces especially in
  healthcare settings, including inpatient rooms,
  PPE donning stations, and staff break rooms. The
  research findings also suggested that HVAC
  ventilation could be particularly useful in
  spaces with limited scope of natural aerosol
  reduction. Such advantages of HVAC systems could
  create robust growth potential for the HVAC
  filters market in the coming years.

• In terms of applications, the non-residential
  sub-segment is estimated to grow at a CAGR of
  6.7 over the assessment period. Rising demand
  for proper ventilation and indoor air
  purification in apartment blocks, skyscrapers,
  large industrial complexes, and big interior
  environments is anticipated to boost product
  demand in non-residential settings. Additionally,
  increasing installation of rooftop HVAC systems
  in commercial spaces driven would greatly shape
  industry outlook.

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• Apart from the aforementioned factors, the region
  has been observing a new trend wherein consumer
  awareness regarding the importance of consuming
  hygienic and non-contaminated food has increased
  tremendously. Air purification benefits offered
  by HVAC filters will boost product demand in the
  coming years, thereby augmenting regional market
  outlook. Growing concerns around employee health
  and safety in commercial offices, particularly
  during the pandemic, would also drive industry
  growth throughout non-residential applications.

• Regional Analysis

• In the regional landscape, Europe HVAC filters
  market is expected to observe robust growth
  during the forecast timeframe. Rising prevalence
  of chronic health diseases in the region due to
  changing consumer lifestyles, rising stress
  levels, and incorrect consumption patterns would
  bolster industry growth.

• Competitive Analysis

• AAF, Camfil, Troy Filters Ltd., Parker Hannifin
  Corp, Filtration Group (Mahle Industrial
  Filtration), Spectrum Filtration Pvt. Ltd.,
  Tex-Air Filters, and Freudenberg Co. Kg. are
  some key players operating in the global HVAC
  filters market.

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