“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.
This report also provides a comprehensive analysis of the companies listed below: 3M Company (US), Parker-Hannifin Corporation (US), Camfil AB (Sweden), Mann+Hummel (Germany), American Air Filter Company, Inc. (US), Donaldson Company, Inc. (US), Ahlstrom-Munksjö(Finland),Filtration Group Corporation (US), Freudenberg Group (Germany), Sogefi Group (Italy), GVS Group (Italy),Spectrum Filtration Pvt. Ltd. (India)
This report provides detailed segmentation of the HVAC filters market based on material, technology, end-use industry, and region. The material segment is divided into fiberglass, synthetic polymer, carbon, and metal. Based on the technology, the market is segmented into HEPA, electrostatic precipitators, activated carbon, and others. Based on end-use industry, the HVAC filters market has been segmented into building & construction, pharmaceutical, food & beverage, automotive, and others. Based on the region, the market has been segmented into North America, Europe, APAC, the Middle East & Africa, and South America.
American Air Filter Company is the leading manufacturer of air filters across the globe. The company operates as a subsidiary of Daikin Industries Ltd., which is an Osaka, Japan-based global leader in air conditioner manufacturing. It has production, warehousing, and distribution facilities in 22 countries across four continents. American Air Filter Company offers HVAC filters that can remove and regulate airborne particulates and gaseous contaminants. These filters find application in residential, commercial, and industrial buildings.
- American Air Filter Company, Inc. is one of the largest manufacturers of HVAC filters operating in 22 countries. The company has adopted inorganic growth strategies to compete in the HVAC filters market. For instance, in 2016, it acquired Flanders Corp., a prominent manufacturer of HVAC systems. This acquisition has helped the company enhance its market share as well as reach. The company has also opened an R&D center in Jeffersonville, Indiana (US), to develop innovative products and strengthen its product portfolio.
Camfil AB is a leading player in air filtration products and services. The company operates in four major business areas: air pollution control, filtration solutions, molecular contamination control, and power systems. Its portfolio of products includes general ventilation filters; efficiency particulate air (EPA) filters; high efficiency particulate air (HEPA) & ultra-low particulate air (ULPA) filters; high temperature filters; molecular filters; air cleaners & air purifiers; dust, fume & mist collectors; housings, frames & louvers; turbomachinery filters; and pulse filters. These products serve several industries, such as construction, electronics & optics, food & beverage, energy & power, healthcare, life science, logistics, material processing, transportation, and waste & recycling. The company has sales offices in 30 countries; 6 R&D units in the US, Germany, Malaysia, and China; and 30 manufacturing units across the globe.
- In March 2020, the company acquired Airepure, Australia. This acquisition will help strengthen Camfil’s position as a global leader in air filtration, offering innovative clean air solutions, which will benefit its customers in Australia and New Zealand.
“In terms of value, the metal segment is projected to account for the largest share of the HVAC filters market, by material, during the forecast period.”
Metal filter material consists of metal fibers, which are sinter bonded together to produce a highly porous structure of fixed pore size. The greatest advantage of this type of filter media is that it can be cleaned and re-used. Metal is resistant to chemicals and mechanical wear and has the maximum lifespan. Metal filters are commonly used in the pharmaceutical, food & beverage, building & construction, and livestock industries for ventilation purposes. These metal filters find applications in outside air intake ducts, rooftop economizer hoods, and air handling units.
“The HEPA segment is projected to be the fastest-growing technology in the HVAC filters market during the forecast period.”
HEPA technology consists of a filter that forces air through a thin mesh, which traps harmful particles such as pollens, molds, pet dander, bacteria, and dust mite debris to prevent them from entering the ambient environment. HEPA filters have diverse application areas, including residential buildings, pharmaceutical production, food & beverages, and clean rooms in the electronics & semiconductor industry, among others. In the pharmaceutical industry, HEPA filters are installed in the production spaces, which are required to be free from contaminants. These filters also protect patients from infection and employees and visitors from airborne organisms.
“The pharmaceutical industry is projected to register the highest CAGR during the forecast period.”
It is very important to maintain the quality of pharmaceutical products during the manufacturing process. Pharmaceutical products can be contaminated through air particles, dust, and microorganisms. To avoid contamination, HVAC systems with highly efficient filters are installed in the pharmaceutical industry. This industry uses filters for the removal of suspended particles and the reduction of bacteria in the process components. The choice of filter media used in the filtration application depends on the size of the particle to be retained and permeability, holding capacity, and resistance to fluid flow of the medium. The pharmaceutical industry mainly adopts HVAC filters with HEPA technology with high MERV ratings, to prevent the entry of very fine particles through HVAC filters.
“The APAC region lead the HVAC filters market, in terms of volume.”
APAC is projected to be the fastest-growing market for HVAC filters during the forecast period. Improved economic conditions of developing countries and rising global warming have contributed to the growth of the HVAC filters market in the region In APAC, several associations, including the Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE), Australian Institute of Refrigeration Air-conditioning and Heating (AIRAH), Air Conditioning and Mechanical Contractors Association of Australia (AMCA), Japan Refrigeration and Air Conditioning Industry Association (JRAIA), and Air Conditioning Engineering Association of Thailand (ACAT), support the adoption of efficient HVAC systems. This support drives the market for HVAC filters in the region.