Global Market Size, Forecast, and Trend Highlights Over 2025-2037
HVAC Filters Market size was over USD 5.48 billion in 2024 and is anticipated to cross USD 11.4 billion by 2037, witnessing more than 5.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of HVAC filters is estimated at USD 5.75 billion.
The growth of the market can be attributed to the increasing application of HVAC systems at homes, and commercial places, backed by the rising global temperature. Moreover, increasing awareness among people, about the quality of air is estimated to up-surge the demand for HVAC filters. These filters can filter dander, hair, mold spores, and dust, among other particles, depending on the type of filters. High level of pollution in developing countries, is also one of the major growth factors for the market. According to the data by the World Health Organization, every year, over 7 million deaths are caused by air pollution. Moreover, 9 out of 10 people in the world are breathing dangerous air, which exceeds the unsafe standards of WHO.
HVAC Filters Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Use of HVAC Systems
- High Awareness Regarding Indoor Air Quality
Challenges
- High Maintenance of These Filters
HVAC Filters Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.8% |
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Base Year Market Size (2024) |
USD 5.48 billion |
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Forecast Year Market Size (2037) |
USD 11.4 billion |
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Regional Scope |
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HVAC Filters Segmentation
The global HVAC filters market is segmented by material into fiberglass, synthetic polymer, carbon derivatives, metals, and others, out of which, the synthetic polymer segment is anticipated to hold the largest share in the market during the forecast period on account of comparatively lower costs, low maintenance, and easy availability of synthetic polymers. On the basis of end-user, the market is segmented into residential, commercial, and others, out of which, the commercial segment is estimated to garner the highest CAGR over the forecast period, owing to the increasing use of heating, ventilation, and air conditioning systems in large commercial spaces, such as, offices, shopping malls, and others.
Our in-depth analysis of the global market includes the following segments
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By Material |
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By Filter Type
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By End-User
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Customize this ReportHVAC Filters Industry - Regional Synopsis
APAC Market Statistics
Regionally, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is likely to dominate majority revenue share by 2037, on the back of high level of pollution, and poor air quality index in developing countries, including, China, India, and Vietnam. India and China are the most polluted countries in the world. The average annual PM 2.5 concentration in India was 58.1 micrograms per cubic meter, in 2019. The average Air Quality Index (AQI) of New Delhi is above 195, while the same for Sichuan is 152.
The market in the North America region is estimated to witness notable share over the forecast period owing to the increasing adoption of heating systems in countries, such as Canada and some parts of the U.S., backed by the extremely cold climate in the region.
Companies Dominating the HVAC Filters Landscape
- 3M
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Spectrum Filtration Pvt. Ltd.
- Emirates Industrial Filters LLC
- Freudenberg SE
- Camfil AB
- Filtration Group Corporation
- Ahlstrom-Munksjö Oyj
- Donaldson Company, Inc.
- American Air Filter Company, Inc.
- Parker-Hannifin Corporation
In the News
· October 30, 2020: Freudenberg to manufacture special filtration solutions to reduce the risk of infection indoor and in vehicles.
· August 18, 2020: Filtration Group to increase the production of ventilator filters fifteen times more than its pre-COVID level.
Author Credits: Richa Gupta
- Report ID: 3172
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
