HVAC Filters Market size was valued at USD 5.18 billion in 2023 and is set to cross USD 10.78 billion by 2036, registering more than 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of HVAC filters is evaluated at USD 5.42 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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.8% |
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Base Year Market Size (2023) |
USD 5.18 billion |
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Forecast Year Market Size (2036) |
USD 10.78 billion |
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Regional Scope |
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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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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 is likely to dominate majority revenue share by 2036, 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.
· 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
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