HVAC Filters Market, Industry Size Forecast, [Latest] (2024)

HVAC Filters Market

The global HVAC filters market was valued at USD 3.5 billion in 2021 and is projected to reach USD 4.5 billion by 2026, growing at a cagr 5.0% from 2021 to 2026. The driving factor for the market is increasing demand for HVAC systems, growing awareness about indoor air quality, and government regulations and policies for efficient filtration. Further, increasing investments in the construction sector and technological advancements in HVAC filters are expected to offer significant growth opportunities to manufacturers.

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COVID-19 Impact on the HVAC Filters Market

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Manufacturers are facing sudden challenges caused by the crisis, and HVAC system producers are no exception.

The primary transmission vector for the spread of COVID-19 is person-to-person. Social distancing is an important step in reducing the spread of COVID-19, but respiratory droplets can be transmitted through a building's HVAC system and infect others regardless of the implementation of social distancing measures.

In a recent survey conducted by Air Conditioning, Heating and Refrigeration (ACHR) Magazine that measured the effect of COVID-19 on the industry revealed that over 50% of respondents selected either "business is slowing down" or "the business has dropped off significantly."

The outbreak has got people calling into question the quality of the air they breathe at home, leading to an increase in interest in new air filters and UV air purifying products. In Southern parts of India, temperatures continue to rise as reaching the summer months. Customers do not seem to be putting off AC repairs, which is also contributing to an increased workload for residential HVAC firms.

Some commercial HVAC businesses have seen an uptick in service calls coming from "essential" buildings, such as healthcare facilities and grocery stores. Some stable businesses are taking advantage of the downtime by reaching out to commercial HVAC teams to service their HVAC units while their buildings are not occupied.

HVAC Filters Market Dynamics

Driver: Increasing demand for HVAC systems

According to the American Meteorological Society's State of the Climate, 2018 was recorded as the warmest year due to global warming. Climatic changes were visible in Europe and the Mediterranean Sea, the Middle East, New Zealand, parts of Asia, and regions surrounding oceans. The Society also forecasts that the global temperature will be 32.90 F more than the average temperature by 2020. Variation and changes in climatic conditions have led to the increase in demand for electrical cooling systems in summers and, simultaneously, for natural gas, heating oil, wood, and electrical heating systems in winters. Residential, commercial, and industrial buildings across the globe also use some form of heating, cooling, or climate control technologies to obtain thermal comfort and satisfactory levels of indoor air quality. Hence, with rising global temperatures and variation in climatic conditions, the demand for HVAC systems has increased, which is subsequently driving the HVAC filters market.

Restraint: Rising environmental concerns

According to the International Energy Agency, the sales of air conditioners (ACs) witnessed a growth of around 15% during 2017–2018. An increase in the sales of ACs will also lead to an increase in the air pollutants that are released during the functioning of the systems. ACs release hydrofluorocarbons (HFCs), which trap heat in the atmosphere, thus contributing to global warming. HVAC systems also consume around 32% of the total energy. The increased demand for and sales of ACs will consequently increase the amount of energy and power consumed during the operation. This will ultimately set pressure on fossil fuel reserves, as the majority of the power is generated through fossil fuel, such as coal. The use of highly efficient filters in HVAC systems also increases energy consumption to prevent pressure drops. To avoid the above situations, manufacturers of HVAC systems and filters are required to develop energy-efficient and low carbon-emitting systems, which will lead to the increased cost of HVAC systems and filters. Hence, rising environmental concerns due to the increased use of HVAC systems are hampering the growth of the HVAC filters market.

Opportunity: Technological advancement in HVAC filters

With the increased consumption of HVAC systems and filters, manufacturers adopt various technologies to produce highly efficient filters and systems. HVAC filters are now available with technologically advanced software systems. For instance, under the Filtrete brand, the 3M Company has developed a Bluetooth-enabled HVAC filter for residential buildings. The smart filter can provide its end-user with information related to airflow, pressure drop, life tracking, real-time indoor air quality reading, and replacement reminder, among others.

Therefore, with technological advancements, the demand for smart filters will increase in several end-user industries, as these smart filters can help save maintenance costs and man-hours. Such development will provide growth opportunities for manufacturers of HVAC filters.

Challenges: Higher cost and maintenance of efficient HVAC filters

HVAC filters play an important role in the performance of HVAC systems. These filters can trap dust and pollen particles that pass through the systems. Depending upon their MERV ratings and dust collecting capabilities, these filters find applications in pharmaceutical production plants and food & beverage processing units. For instance, HEPA filters, capable of filtering every dust particle of 0.3µm, are mostly used in pharmaceutical and cleanroom applications. Such filters are, however, costly and can prevent airflow. HVAC systems with HEPA filters/efficient filters require more energy and power to maintain the airflow through filters. Higher the efficiency of HVAC filters, the higher the energy consumption of HVAC systems.

Most of the filters also require a replacement after the expiry of their shelf life or when the dust particles block the filter media. The cost of filters also depends on the price of raw materials used during filter media manufacturing. The price of synthetic polymer, for instance, depends on the price variation of crude oil.

“The HVAC filters market is projected to register a CAGR of 5% during the forecast period, in terms of value.”

The HVAC filters market size was USD 3.5 billion in 2021 and is projected to reach USD 4.5 billion by 2026. Increasing demand for HVAC systems, growing awareness about indoor air quality, and government regulations and policies for efficient filtration are the factors driving the market for HVAC filters. However, rising environmental concerns are expected to restrain this market. Increasing investments in the construction sector and technological advancements in HVAC filters are expected to offer significant growth opportunities to manufacturers.

“APAC is the largest market for HVAC filters.”

APAC is the largest and fastest-growing market for HVAC filters. The region is witnessing high growth in the HVAC filters market due to large construction and infrastructure activities being carried out. The growth of the HVAC filters market is mainly attributed to the demand from China, India, and Southeast Asian countries. These bustling economies have a lot of potential customers. In terms of value, North America is expected to lead the HVAC filters market during the forecast period, owing to the rise in demand for highly efficient filters in the pharmaceutical and food & beverage industries in the region. However, due to the COVID-19 pandemic, the building & construction and automotive industries suffered huge losses due to the global lockdown.

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HVAC Filters Market Players

3M Company (US), Parker-Hannifin Corporation (US), Camfil AB (Sweden), Mann+Hummel (Germany), American Air Filter Company, Inc. (US), Donaldson Company, Inc. (US) among others, are the leading HVAC filters manufacturers, globally.

HVAC Filters Market Report Scope

This research report categorizes the HVAC filters market based on Material, Technology, End-Use Industry and region.

HVAC Filters Market, By Material

• Synthetic Polymer
• Fiberglass
• Carbon
• Metal

HVAC Filters Market, By Technology

• HEPA
• Electrostatic Precipitators
• Activated Carbon
• Others

HVAC Filters Market, By End-Use Industry

• Building & Construction
• Pharmaceutical
• Food & Beverage
• Automotive
• Others

HVAC Filters Market, By Region

• Asia Pacific
• North America
• Europe
• Middle East
• South America

Recent Developments

• In April 2018, 3M Company partnered with Amazon to integrate its Filtrete smart air filter with Amazon Dash Replenishment. This partnership is intended to increase the sales of its air filters on Amazon. The smart air filter, connected through Bluetooth, automatically orders the filter when a replacement is needed. The filter is paired with Bluetooth and Amazon Dash Replenishment, which estimates when to change the air filter and what size and type to purchase. This partnership has helped the company enhance its customers’ purchasing experience.
• In January 2018, the Filtrete brand of the 3M Company developed a Bluetooth-enabled HVAC filter for residential buildings. The filter contains a Bluetooth-enabled sensor that will provide the end-user with information related to airflow, pressure drop, life tracking, real-time indoor air quality reading, replacement reminder, and others. This development has helped the company create interest among end-users in the product.
• In April 2020, Parker Hannifin Corporation launched QuadSEAL 4, designed specifically for commercial HVAC applications. This product helps building owners earn points toward LEED green building certification. Its applications include hotels and entertainment complexes, food processing, microelectronics manufacturing, data centers, commercial office buildings, schools and universities, clean manufacturing facilities, hospitals and healthcare facilities, government institutions, and industrial manufacturing.
• In April 2020, Parker HVAC Filtration, a division of Parker Hannifin Corporation, has launched a new line of Micropleat high-efficiency filters designed for HVAC applications and featuring a media blend and a mini-pleat design. The filters provide high levels of particulate removal, dust-holding capacity, and efficiency, and others required in a high-purity air filter. Designed to trap microscopic particles and contaminants in the air stream, Micropleat filters meet both High-Efficiency Particulate Air (HEPA) and Ultra-Low Particulate Air (ULPA) minimum ratings of up to 99.97% at 0.3 microns and 99.999% at 0.12 microns, respectively.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
1.1 OBJECTIVES OF STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED FOR STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 27)
2.1 RESEARCH DATA
FIGURE 1 HVAC FILTERS MARKET: RESEARCH DESIGN
2.2 FORECAST NUMBER CALCULATION
2.3 MARKET ENGINEERING PROCESS
2.3.1 TOP-DOWN APPROACH
FIGURE 2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.4 ASSUMPTIONS
2.5 LIMITATIONS
2.6 RESEARCH DATA
2.6.1 SECONDARY DATA
2.6.1.1 Key data from secondary sources
2.6.2 PRIMARY DATA
2.6.2.1 Key data from primary sources
2.6.2.2 Breakdown of primary interviews
2.6.2.3 Key industry insights
2.7 DATA TRIANGULATION

3 EXECUTIVE SUMMARY (Page No. - 33)
FIGURE 4 SYNTHETIC POLYMER TO BE FASTEST-GROWING MATERIAL SEGMENT
FIGURE 5 HEPA TO ACCOUNT FOR LARGEST SHARE IN HVAC FILTERS MARKET
FIGURE 6 FOOD & BEVERAGE INDUSTRY TO BE IN FOREFRONT IN NEXT FIVE YEARS
FIGURE 7 ASIA PACIFIC TO LEAD HVAC FILTERS MARKET

4 PREMIUM INSIGHTS (Page No. - 36)
4.1 ATTRACTIVE OPPORTUNITIES IN HVAC FILTERS MARKET
FIGURE 8 EMERGING ECONOMIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
4.2 HVAC FILTERS MARKET, BY MATERIAL
FIGURE 9 SYNTHETIC POLYMER TO BE LARGEST AND FASTEST-GROWING SEGMENT
4.3 HVAC FILTERS MARKET, BY TECHNOLOGY
FIGURE 10 HEPA SECTOR TO RECORD HIGHEST CAGR IN TERMS OF VOLUME
4.4 HVAC FILTERS MARKET, BY END-USE INDUSTRY
FIGURE 11 BUILDING & CONSTRUCTION TO ACCOUNT FOR LARGEST MARKET SHARE
4.5 HVAC FILTERS MARKET, BY REGION
FIGURE 12 ASIA PACIFIC TO BE AT GROWTH FOREFRONT IN HVAC FILTERS MARKET
4.6 HVAC FILTERS MARKET: MAJOR COUNTRIES
FIGURE 13 INDIA TO REGISTER HIGHEST CAGR IN MARKET

5 MARKET OVERVIEW (Page No. - 39)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HVAC FILTERS MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing demand for HVAC systems
TABLE 1 GLOBAL AIR CONDITIONER DEMAND, BY REGION (THOUSAND UNITS)
5.2.1.2 Growing awareness about indoor air quality
5.2.1.3 Government regulations and policies for efficient filtration
TABLE 2 MERV RATING CHART
5.2.2 RESTRAINTS
5.2.2.1 Rising environmental concerns
FIGURE 15 HVAC AND REFRIGERATION ENERGY CONSUMPTION
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing investments in construction sector
5.2.3.2 Technological advancement in HVAC filters
5.2.4 CHALLENGES
5.2.4.1 Higher cost and maintenance of efficient HVAC filters
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 16 PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 ENVIRONMENTAL FACTORS
5.5 COVID-19 IMPACT ON HVAC FILTERS MARKET
5.5.1 IMPACT OF COVID-19 ON HVAC INDUSTRY
5.5.1.1 Impact of COVID-19 on building & construction industry
5.5.1.2 Impact of COVID-19 on pharmaceutical industry
5.5.1.3 Impact of COVID-19 on food & beverage industry
5.5.1.4 Impact of COVID-19 on automotive industry
5.5.1.5 Impact of COVID-19 on various countries

6 HVAC FILTERS MARKET, BY SYSTEM (Page No. - 48)
6.1 INTRODUCTION
6.2 HEAT PUMPS
6.3 ROOFTOP UNITS
6.4 GEOTHERMAL HEAT PUMPS
6.5 PACKAGED AIR CONDITIONERS
6.6 SPLIT SYSTEM HVAC
6.7 DUCTLESS SYSTEMS
6.8 HYBRID HVAC SYSTEMS

7 HVAC FILTERS MARKET, BY MATERIAL (Page No. - 50)
7.1 INTRODUCTION
FIGURE 17 CARBON TO BE MOST DOMINANT SEGMENT OF HVAC FILTERS MARKET IN 2021
TABLE 3 HVAC FILTERS MARKET SIZE, BY MATERIAL, 2019–2026 (USD MILLION)
TABLE 4 HVAC FILTERS MARKET SIZE, BY MATERIAL, 2019–2026 (THOUSAND UNITS)
7.2 SYNTHETIC POLYMER
7.2.1 HIGH EFFICIENCY, WASHABILITY, AND LONGEVITY TO INCREASE USES
7.3 FIBERGLASS
7.3.1 LOW COST, DIMENSIONAL STABILITY, DESIGN FLEXIBILITY, AND EXCELLENT ELECTRICAL PROPERTIES TO INCREASE DEMAND
7.4 CARBON
7.4.1 ABILITY TO ABSORB ODORS AND GASES TO FUEL THE DEMAND
7.5 METAL
7.5.1 EASY CLEANING AND REUSABILITY MAKE IT SUITABLE FOR HVAC SYSTEMS

8 HVAC FILTERS MARKET, BY TECHNOLOGY (Page No. - 54)
8.1 INTRODUCTION
FIGURE 18 HEPA SEGMENT TO BE LARGEST TECHNOLOGY THROUGH 2026
TABLE 5 HVAC FILTERS MARKET SIZE, BY TECHNOLOGY, 2019–2026 (USD MILLION)
TABLE 6 HVAC FILTERS MARKET SIZE, BY TECHNOLOGY, 2019–2026 (THOUSAND UNITS)
8.2 HEPA
8.2.1 RISING DEMAND FOR HIGHLY EFFICIENT HVAC FILTERS IN PHARMACEUTICAL, FOOD & BEVERAGE, AND SEMICONDUCTOR INDUSTRIES
8.3 ELECTROSTATIC PRECIPITATOR
8.3.1 LOW-PRESSURE DROP AND WASHABLE PROPERTIES TO DRIVE DEMAND
8.4 ACTIVATED CARBON
8.4.1 INCREASING DEMAND FOR ODOR, GAS, AND TOXIC FUMES CONTROL FILTERS
8.5 OTHERS

9 HVAC FILTERS MARKET, BY END-USE INDUSTRY (Page No. - 58)
9.1 INTRODUCTION
FIGURE 19 BUILDING & CONSTRUCTION TO BE LARGEST END-USE INDUSTRY
TABLE 7 HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 8 HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
9.2 BUILDING & CONSTRUCTION
9.2.1 INCREASING DEMAND FOR GREEN BUILDINGS AND AWARENESS ABOUT INDOOR AIR QUALITY
9.3 PHARMACEUTICAL
9.3.1 INCREASE IN DEMAND FOR HIGH-EFFICIENCY FILTERS FOR CRITICAL MANUFACTURING PROCESSES
9.4 FOOD & BEVERAGE
9.4.1 INCREASE IN DEMAND FOR IMPROVED AIR QUALITY IN FOOD PROCESSING PLANTS
9.5 AUTOMOTIVE
9.5.1 INCREASE IN VEHICULAR TRAFFIC AND AIR POLLUTION
9.6 OTHERS

10 HVAC FILTERS MARKET, BY REGION (Page No. - 62)
10.1 INTRODUCTION
FIGURE 20 INDIA TO BE FASTEST-GROWING HVAC FILTERS MARKET
TABLE 9 HVAC FILTERS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 10 HVAC FILTERS MARKET SIZE, BY REGION, 2019–2026 (THOUSAND UNITS)
10.2 APAC
FIGURE 21 APAC: HVAC FILTERS MARKET SNAPSHOT
TABLE 11 APAC: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 12 APAC: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND UNITS)
TABLE 13 APAC: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 14 APAC: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.2.1 CHINA
10.2.1.1 Rising green building construction activities boosting market growth
TABLE 15 CHINA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 16 CHINA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.2.2 JAPAN
10.2.2.1 Increase in demand for HVAC systems in various end-use industries
TABLE 17 JAPAN: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 18 JAPAN: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.2.3 INDIA
10.2.3.1 Increasing commercial construction activities
TABLE 19 INDIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 20 INDIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.2.4 INDONESIA
10.2.4.1 Increasing construction activities to drive the market
TABLE 21 INDONESIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 22 INDONESIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.2.5 SOUTH KOREA
10.2.5.1 Growing food & beverage industry to augment market growth
TABLE 23 SOUTH KOREA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 24 SOUTH KOREA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.2.6 AUSTRALIA
10.2.6.1 Rising demand for high-efficiency HVAC filters in food & beverage and pharmaceutical industries
TABLE 25 AUSTRALIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 26 AUSTRALIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.2.7 REST OF APAC
TABLE 27 REST OF APAC: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 28 REST OF APAC: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.3 NORTH AMERICA
TABLE 29 NORTH AMERICA: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 30 NORTH AMERICA: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND UNITS)
TABLE 31 NORTH AMERICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 32 NORTH AMERICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.3.1 US
10.3.1.1 Stringent regulations and technological advancements propelling market growth
TABLE 33 US: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 34 US: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.3.2 CANADA
10.3.2.1 Increase in demand for energy-efficient HVAC systems
TABLE 35 CANADA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 36 CANADA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.3.3 MEXICO
10.3.3.1 Increase in construction activities and pharmaceutical production
TABLE 37 MEXICO: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 38 MEXICO: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.4 EUROPE
TABLE 39 EUROPE: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 40 EUROPE: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND UNITS)
TABLE 41 EUROPE: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 42 EUROPE: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.4.1 GERMANY
10.4.1.1 Increase in pharmaceuticals production to drive the market
TABLE 43 GERMANY: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 44 GERMANY: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.4.2 UK
10.4.2.1 Growth in the building & construction industry
TABLE 45 UK: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 46 UK: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.4.3 FRANCE
10.4.3.1 Rise in demand from food & beverage end-use industry
TABLE 47 FRANCE: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 48 FRANCE: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.4.4 ITALY
10.4.4.1 Increase in sales of automotive vehicles supporting market growth
TABLE 49 ITALY: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 50 ITALY: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.4.5 SPAIN
10.4.5.1 Rapid industrialization contributing to the market
TABLE 51 SPAIN: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 52 SPAIN: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.4.6 RUSSIA
10.4.6.1 Rise in demand for air conditioners to support the market
TABLE 53 RUSSIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 54 RUSSIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.4.7 REST OF EUROPE
TABLE 55 REST OF EUROPE: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 56 REST OF EUROPE: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.5 MIDDLE EAST & AFRICA
TABLE 57 MIDDLE EAST & AFRICA: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 58 MIDDLE EAST & AFRICA: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND UNITS)
TABLE 59 MIDDLE EAST & AFRICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 60 MIDDLE EAST & AFRICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.5.1 SAUDI ARABIA
10.5.1.1 Increasing automotive vehicle sales to propel the market
TABLE 61 SAUDI ARABIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 62 SAUDI ARABIA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.5.2 EGYPT
10.5.2.1 Government investments in manufacturing industries to improve air quality
TABLE 63 EGYPT: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 64 EGYPT: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.5.3 UAE
10.5.3.1 Rise in automotive vehicle sales to drive the market
TABLE 65 UAE: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 66 UAE: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.5.4 REST OF MIDDLE EAST & AFRICA
TABLE 67 REST OF MIDDLE EAST & AFRICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 68 REST OF MIDDLE EAST & AFRICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.6 SOUTH AMERICA
TABLE 69 SOUTH AMERICA: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 70 SOUTH AMERICA: HVAC FILTERS MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND UNITS)
TABLE 71 SOUTH AMERICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 72 SOUTH AMERICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.6.1 BRAZIL
10.6.1.1 Increase in demand for pharmaceutical products and automotive vehicles propelling market
TABLE 73 BRAZIL: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 74 BRAZIL: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.6.2 ARGENTINA
10.6.2.1 High demand for food & beverage products
TABLE 75 ARGENTINA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 76 ARGENTINA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)
10.6.3 REST OF SOUTH AMERICA
TABLE 77 REST OF SOUTH AMERICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 78 REST OF SOUTH AMERICA: HVAC FILTERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND UNITS)

11 COMPETITIVE LANDSCAPE (Page No. - 95)
11.1 INTRODUCTION
11.2 COMPETITIVE LEADERSHIP MAPPING
11.2.1 STAR
11.2.2 EMERGING LEADERS
11.2.3 PERVASIVE
11.2.4 EMERGING COMPANIES
FIGURE 22 HVAC FILTERS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
11.3 STRENGTH OF PRODUCT PORTFOLIO
11.4 BUSINESS STRATEGY EXCELLENCE
11.5 MARKET SHARE OF KEY PLAYERS IN HVAC FILTERS MARKET, 2020

12 COMPANY PROFILES (Page No. - 100)
12.1 3M COMPANY
(Business overview, Products offered, Recent developments, SWOT analysis, Winning imperatives, Current focus and strategies, Threat from competition, and Right to win)*
TABLE 79 3M COMPANY: BUSINESS OVERVIEW
FIGURE 23 3M COMPANY: COMPANY SNAPSHOT
FIGURE 24 3M COMPANY: SWOT ANALYSIS
12.2 PARKER-HANNIFIN CORPORATION
TABLE 80 PARKER-HANNIFIN CORPORATION: BUSINESS OVERVIEW
FIGURE 25 PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT
FIGURE 26 PARKER-HANNIFIN CORPORATION: SWOT ANALYSIS
12.3 CAMFIL AB
TABLE 81 CAMFIL AB: BUSINESS OVERVIEW
FIGURE 27 CAMFIL AB: COMPANY SNAPSHOT
FIGURE 28 CAMFIL AB: SWOT ANALYSIS
12.4 MANN+HUMMEL
TABLE 82 MANN+HUMMEL: BUSINESS OVERVIEW
FIGURE 29 MANN+HUMMEL: COMPANY SNAPSHOT
FIGURE 30 MANN+HUMMEL: SWOT ANALYSIS
12.5 AMERICAN AIR FILTER COMPANY, INC.
TABLE 83 AMERICAN AIR FILTER COMPANY, INC.: BUSINESS OVERVIEW
FIGURE 31 AMERICAN AIR FILTER COMPANY, INC.: SWOT ANALYSIS
12.6 DONALDSON COMPANY, INC.
TABLE 84 DONALDSON COMPANY, INC.: BUSINESS OVERVIEW
FIGURE 32 DONALDSON COMPANY, INC.: COMPANY SNAPSHOT
FIGURE 33 DONALDSON COMPANY, INC.: SWOT ANALYSIS
12.7 AHLSTROM-MUNKSJÖ
TABLE 85 AHLSTROM-MUNKSJÖ: BUSINESS OVERVIEW
FIGURE 34 AHLSTROM-MUNKSJÖ: COMPANY SNAPSHOT
FIGURE 35 AHLSTROM-MUNKSJÖ: SWOT ANALYSIS
12.8 FILTRATION GROUP CORPORATION
TABLE 86 FILTRATION GROUP CORPORATION: BUSINESS OVERVIEW
FIGURE 36 FILTRATION GROUP CORPORATION: SWOT ANALYSIS
12.9 FREUDENBERG GROUP
TABLE 87 FREUDENBERG GROUP: BUSINESS OVERVIEW
FIGURE 37 FREUDENBERG GROUP: COMPANY SNAPSHOT
FIGURE 38 FREUDENBERG GROUP: SWOT ANALYSIS
12.10 SOGEFI GROUP
TABLE 88 SOGEFI GROUP: BUSINESS OVERVIEW
FIGURE 39 SOGEFI GROUP: COMPANY SNAPSHOT
FIGURE 40 SOGEFI GROUP: SWOT ANALYSIS
12.11 GVS GROUP
TABLE 89 GVS GROUP: BUSINESS OVERVIEW
FIGURE 41 GVS GROUP: COMPANY SNAPSHOT
FIGURE 42 GVS GROUP: SWOT ANALYSIS
12.12 SPECTRUM FILTRATION PVT. LTD.
TABLE 90 SPECTRUM FILTRATION PVT. LTD.: BUSINESS OVERVIEW
FIGURE 43 SPECTRUM FILTRATION PVT. LTD.: SWOT ANALYSIS
12.13 EMIRATES INDUSTRIAL FILTERS LLC
TABLE 91 EMIRATES INDUSTRIAL FILTERS LLC: BUSINESS OVERVIEW
FIGURE 44 EMIRATES INDUSTRIAL FILTERS LLC: SWOT ANALYSIS
12.14 KOCH FILTER
TABLE 92 KOCH FILTER: BUSINESS OVERVIEW
FIGURE 45 KOCH FILTER: SWOT ANALYSIS
12.15 SANDLER AG
TABLE 93 SANDLER AG: BUSINESS OVERVIEW
FIGURE 46 SANDLER AG.: SWOT ANALYSIS
12.16 TROY FILTERS LTD.
TABLE 94 TROY FILTERS LTD.: BUSINESS OVERVIEW
12.17 DHA FILTER
TABLE 95 DHA FILTER: BUSINESS OVERVIEW
12.18 GENERAL FILTER HAVAK
TABLE 96 GENERAL FILTER HAVAK: BUSINESS OVERVIEW
12.19 JOHNS MANVILLE
TABLE 97 JOHNS MANVILLE: BUSINESS OVERVIEW
12.20 HOLLINGSWORTH & VOSE
TABLE 98 HOLLINGSWORTH & VOSE: BUSINESS OVERVIEW
12.21 OTHER PLAYERS
12.21.1 AIR FILTERS, INC.
12.21.2 TEX-AIR FILTERS
12.21.3 A-J MANUFACTURING
12.21.4 FILT AIR LTD.
12.21.5 AIRSAN CORPORATION

*Details on Business overview, Products offered, Recent developments, SWOT analysis, Winning imperatives, Current focus and strategies, Threat from competition, and Right to win not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 149)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS

The global HVAC filters market is estimated to be USD 3.5 billion in 2021 and is projected to reach USD 4.5 billion by 2026, at a CAGR of 5.0% from 2021 to 2026. The driving factor for the HVAC filters market is increasing demand for HVAC systems, growing awareness about indoor air quality, and government regulations and policies for efficient filtration. Further, increasing investments in the construction sector and technological advancements in HVAC filters are expected to offer significant growth opportunities to manufacturers.

Secondary Research

Secondary data includes company information acquired from annual reports, press releases, and investor presentations; white papers; and articles from recognized authors. In the market engineering process (including calculations for market statistics, market breakdown, market size estimations, market forecast, and data triangulation), both top-down and bottom-up approaches were extensively used, along with several data triangulation methods to obtain, verify, and validate the market revenue arrived at. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list key information/insights throughout the report.

Primary Research

In the primary research process, experts from the supply and demand sides were interviewed to obtain qualitative and quantitative information and validate the data through secondary research. Primary sources from the supply-side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the HVAC filters market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the HVAC filters market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry and markets were identified through extensive secondary research.

The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

HVAC Filters Market: Bottom-Up Approach

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HVAC Filters Market: Top-Down Approach

Data Triangulation

After arriving at the total market size, the overall market was split into several segments. The data triangulation procedure was employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments. The data was triangulated by studying various factors and trends from the demand and supply sides. It was then verified through primary interviews. Hence, there were three sources for every data: primary source, secondary source, and MNM KNOW. The data were assumed to be correct when the values arrived at from the three points matched.

Report Objectives

• To define, describe, and forecast the market size for heating, ventilation, and air conditioning (HVAC) filters, in terms of value and volume
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
• To estimate and forecast the HVAC filters market size on the basis of material, technology, end-use industry, and region
• To analyze and forecast the HVAC filters market on the basis of major regions—Asia Pacific (APAC), Europe, North America, South America, and Middle East & Africa
• To analyze opportunities in the market for stakeholders and present a competitive landscape of the market leaders
• To analyze recent developments in the market, such as investments & expansions and mergers & acquisitions
• To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations:

• With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies.
• The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

• Further breakdown of a region with respect to a particular country

Company Information

• Detailed analysis and profiling of additional market players (up to five)