HVAC filters are the separation media used in HVAC systems to remove pollutants or harmful substances from the air that is taken in by the HVAC systems. These pollutants can be solid air particles, dust, pollen, and even toxic gases. The HVAC filters market is estimated to be USD 6.0 billion in 2019 and is projected to reach USD 7.7 billion by 2024, at a CAGR of 5.1% during the forecast period. Growth in this market is mainly attributed to the increasing demand for HVAC systems, growing awareness about indoor air quality, and stringent government regulations for efficient filtration.
Browse 147 market data Tables and 32 Figures spread through 134 Pages and in-depth TOC on “HVAC Filters Market”
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Some of the major companies operating in the HVAC filters market include Camfil AB (Sweden), MANN+HUMMEL (Germany), Donaldson Company, Inc. (US), Filtration Group Corporation (US), Koch Filter (US), 3M Company (US), Parker Hannifin Corporation (US), Ahlstrom-Munksjö (Finland), American Air Filter Company, Inc. (US), and Freudenberg Group (Germany). These companies have adopted various strategies, such as new product developments/launches, expansions, acquisitions, and partnerships, to strengthen their position in the HVAC filters market. They also invest in R&D activities to enhance their sales, distribution networks, and market visibility.
Camfil AB (Sweden) is one of the leading manufacturers of HVAC filters. Camfil AB signed an agreement with Salvador Escoda to provide quality products in Salvador Escoda’s supply stores. Salvador Escoda is one of the largest distributors of filters in Spain. This agreement enabled Camfil AB to deliver its products on time, besides penetrating deeper into the Spanish market. Camfil AB acquired UK-based Bushbury Holdings Limited, the owner of M.C. Air Filtration Limited, which is a leading manufacturer of HEPA filters, gaseous filters, and associated filtration systems, including high integrity isolation dampers. This acquisition has helped Camfil AB to enhance its product portfolio and strengthen its market position, both in the UK and other European countries.
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MANN+HUMMEL (Germany) is another key player in the HVAC filters market. MANN+HUMMEL acquired Hardy Filtration, a Canada-based air filtration company that manufactures air filters, paint booth filters, and dust bags filters. This acquisition has helped the company increase its manufacturing operations in Canada. Further, this acquisition will enable the company to expand its product portfolio in HVAC systems. MANN+HUMMEL also acquired Tri-Dim Filter Corporation, a US-based provider of a full-line of HVAC filtration products and services, including air & liquid filtration, heating/air conditioning supplies, cleanroom filtration, air purification equipment, gas phase filtration, and air testing & remediation. This acquisition helped MANN+HUMMEL expanded its product offering in the US and Canada, besides enhancing the company’s market share.
