HVAC Filters Market Share

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.

North America Market Analysis

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.