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HVAC Filters Market Size

Report ID: GMI236
Published Date: Mar 2024
Report Format: PDF

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HVAC Filters Market Size

HVAC Filters Market was valued at around USD 5.14 billion in 2023 and is estimated to register a CAGR of over 6% between 2024 and 2032. HVAC filters are specifically designed for HVAC systems, including heaters, boilers, air conditioners, and fans.

HVAC Filters Market

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HVAC filters play a crucial role in improving air quality by removing airborne contaminants, thus reducing the overall risk of diseases such as pneumonia and allergies. They also increase the efficiency of HVAC systems by protecting them from dust buildup, which can damage components and shorten the lifespan. The market is witnessing significant growth due to heightened awareness about indoor air quality.

HVAC Filters Market Report Attributes
Report Attribute	Details
Base Year:	2023
HVAC Filters Market Size in 2023:	USD 5.14 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6%
2032 Value Projection:	USD 8.61 Billion
Historical Data for:	2018 to 2023
No. of Pages:	245
Tables, Charts & Figures:	325
Segments covered:	Material, Technology, Application, Region
Growth Drivers:	Rising urbanization and construction activity Growing awareness of indoor air quality Technological advancements Increasing concerns about respiratory wealth
Pitfalls & Challenges:	Price sensitivity Environmental concerns

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According to the National Institute of Health (NIH), air filters help to improve air quality by 60%. The development of more efficient HVAC filters is being attributed to technological developments and innovations in filtering materials, design, and production processes. Technological advancements including activated carbon filtration, nanofiber technology, and electrostatic filtration have empowered consumers with additional choices and enhanced product quality.

Advanced innovations and technologies such as nano filters, molecular filters, electrostatic precipitators, and electrostatic filters are costly, presenting financial challenges for many customers seeking more affordable options. The limited affordability of HVAC filters equipped with cutting-edge technologies hampers their widespread adoption, thus hindering market growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of HVAC filters was reached USD 5.14 billion in 2023 and is expected to register over 6% CAGR from 2024 to 2032, owing to the heightened awareness about the importance of maintaining good indoor air quality worldwide.

HVAC filters industry from the metal segment recorded 43.2% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its high durability and the ability to withstand harsh operating conditions.

Asia Pacific HVAC filters industry held over 45% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the poor outdoor air quality caused by various factors creating need for filters in the region.

Fortress Building Products, Inc., Honeywell International, Inc., Lennon International, Inc., LG Electronics Inc., Mann+ Hummel, Mitsubishi, Parker Hannifin Corporation, Samsung Electronics, and Trane Technologies, are some of the major HVAC filters companies worldwide.