The global HVAC filters market size is projected to grow from USD 5.5billion in 2020 to USD 7.1 billion by 2025, at a CAGR of 5.1% between 2020 and 2025.HVAC filters are the separation media used in HVAC systems to remove pollutants or harmful substances, which can be dust, dirt, and pollen particles; metal & wood particles; hair & animal fur, bacteria, or microorganisms. These filters can also prevent toxic and corrosive gases from entering through the HVAC systems.
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The efficiency of HVAC filters, denoted by Minimum Efficiency Reporting Value (MERV), is determined by their ability to capture dust particles. The higher the MERV value, the better the ability of the filters in removing particles. The lowest value is used to protect the equipment, whereas the middle and higher values are used in filtering mildew, spores, pollen, bacteria, and viruses. HVAC filters are required to be replaced or cleaned at regular intervals to ensure proper functioning of HVAC systems.
Based on the materials, the synthetic polymersegment is projected to be the fastest-growing material in the HVAC filtersmarket during the forecast period.A major factor in this expansion is supported by the abundant availability, ease of manufacturing, and efficiency of synthetic polymersat capturing airborne particles.
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Based on the technology, the HEPA segment is projected to be the fastest-growing technology in the HVAC filtersmarket during the forecast period.The market is expected to witness high growth as a result of the rapid industrialization, rising demand for highly efficient HVAC filters, and increasing adoption of this filter technology in residential construction.
Based onthe end-use industry, the pharmaceutical segment is projected to be the fastest-growing industry in the HVAC filters market during the forecast period. The packaging industry is developing and expanding day by day and. This growth is primarily driven by factors like increased demand for high-efficiency filtration in pharmaceutical product manufacturing plants.
APAC is the fastest-growing market for HVAC filters. The region is witnessing high growth owing to large construction and infrastructure activities being carried out. The growth of the HVAC filters market is mainly attributed to the demand from China, India, and Southeast Asian countries. These bustling economies have a lot of potential customers.In terms of value, North America is expected to lead the HVAC filters market during the forecast period, owing to the rise in demand for highly efficient filters in the pharmaceutical and food &beverage industries in the region. However, due to the COVID-19 pandemic, the building & construction and automotive industries suffered huge losses due to the global lockdown.
