A report on the HVAC Filters Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the HVAC Filters Market. The historic years considered for the study are 2014-2019 the base year is 2020, and the forecast period is 2020-2025.
The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.
Market Analysis
HVAC Filters market is likely to witness a CAGR of 5.5% during the forecast period. The prime factors that are driving the HVAC filters market are increasing demand for HVAC systems, stringent government regulations for efficient filtration, growing awareness about indoor air quality, expanding construction sector, and technological advancements in the HVAC filters.
The Market is segmented by By Material Type (Fiberglass, Synthetic Polymer, Carbon, and Metal), by Technology Type (Electrostatic Precipitator, HEPA, Activated Carbon, and Others), by End-Use Industry Type (Building & Construction, Pharmaceutical, Food & Beverage, Automotive, Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on HVAC Filters Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.
Report Features
The report delivers a detailed view of the industry based on HVAC Filters Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-
– Market structure: Overview, industry life cycle analysis, supply chain analysis
– Covid-19 Impact analysis.
– Market environment analysis: Growth drivers and constraints, and SWOT analysis.
– Market trend and forecast analysis.
– Market segment trend and forecast.
– Competitive landscape and dynamics: Market share, product launches, etc.
– Attractive Market segments and associated growth opportunities.
– Emerging trends.
– Strategic growth opportunities for the existing and new players.
The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.
Key Segments HVAC Filters Market Report Covers:
Based on the material type, the market is segmented as fiberglass, synthetic polymer, carbon, and metal. The synthetic polymer material type held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Synthetic polymers (such as PTFE, PE, PP, and Polyester) are used in the form of stretched films which increase the surface area, leading to more efficient capturing of airborne particles in HVAC systems. This is the major factor driving the demand for synthetic polymers in the HVAC filters market.
Based on the end-use industry type, the market is segmented as building & construction, pharmaceutical, food & beverage, automotive, and others. The building & construction segment is estimated to account for the largest share of the market during the forecast period. The segment’s growth is driven by residential and commercial buildings, which majorly use HVAC systems for thermal comfort and superior indoor air quality. In addition, the growth is primarily attributed to the mounting demand for green buildings and awareness about indoor air quality as HVAC filters help in enhancing the indoor air quality.
Based on the technology type, the HVAC filters market is segmented as electrostatic precipitators, HEPA, activated carbon, and others. The HEPA segment holds the largest share of the market and is also expected to witness a healthy growth during the forecast period. Strong demand from industries such as buildings & construction, pharmaceuticals, food & beverages, and electrical & electronics, owing to its capability to trap 99.97% of dust particles that are 0.3 microns or larger in size, are the major factors behind its dominance in the market.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for HVAC filters during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is majorly driven by significant economic development in the regions, rapidly expanding construction industry, rising global warming, and growing awareness among consumers. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
According to the report, brands or companies that are leading globally in this Market are –
- Camfil Group
- MANN+HUMMEL Group
- Donaldson Company Inc.
- Filtration Group Corporation
- Koch Filter
- The 3M Company
- Parker-Hannifin Corporation
- Ahlstrom-Munksjö Oyj
- American Air Filter Company, Inc.
- Freudenberg Group
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