About HVAC Air Filter
HVAC air filters remove unwanted particles present in the air and maintain the indoor air quality (IAQ). Airborne particles such as dust, allergens, dander, and virus can pose a threat to the health of the occupants. Air filters are an integral part of the HVAC system as they maintain the quality of the air within an enclosed space. The global HVAC air filter market is expected to grow with the growing installation of HVAC systems and the rising need for replacement of air filters in the existing HVAC systems. Improving the IAQ can help in thwarting various respiratory diseases. To create awareness, several government bodies such as the US Environmental Protection Agency (EPA) aid in improving the IAQ. The alarming rise in the indoor air pollution and the rising awareness about it is fostering the growth of the HVAC air filter market.
Technavio’s analysts forecast the global HVAC air filter market to grow at a CAGR of 7.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global HVAC air filter market for 2017-2021. To calculate the market size, the report considers the demand for HVAC air filters.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global HVAC Air Filter Market 2017-2021
Technavio recognizes the following companies as the key players in the global HVAC air filter market: 3M, Camfil, DAIKIN INDUSTRIES, FläktGroup, and Parker Hannifin.
Other Prominent Vendors in the market are: Blueair, Carrier Corporation, Donaldson Company, Electrocorp, Fumex, Lennox International, MANN+HUMMEL, and Philips.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing awareness about indoor air quality. IAQ refers to the quality of the air and indicates if the air is harmful for the health and well-being of the individuals occupying a space. In developed countries, people spend up to 90% of their time indoors but are unaware of the various pollutants that are present within. Indoor pollution can cause adverse health effects due to both short-term exposure or long-term exposure to the contaminated indoor air. These include irritation of the eyes, nose, and throat; headaches; dizziness; and fatigue. Long-term exposure might cause respiratory diseases, heart diseases, and cancer. To control or eliminate the indoor pollution, many countries are adopting the concept of green buildings.”
According to the report, one of the major drivers for this market is Increasing number of data centers. A data center is a networked computer server which stores huge amount of data. Rising dependency on the Internet and advances in technology have led to the growth of the data centers. Many companies are installing data centers due to the need for increased information storage capacity for data processing. Overheating is one of the main concerns in data centers as it affects the productivity and increases the downtime. To overcome this issue, cooling systems such as air handling units (AHUs) are provided in the data center to maintain the temperature and enhance efficiency. Therefore, growth in the number of data centers is expected to drive the demand for AHU's, thereby driving the global HVAC air filter market.
Further, the report states that one of the major factors hindering the growth of this market is Need for regular maintenance of HVAC air filters. Regular maintenance of HVAC systems proves to be expensive for consumers. Electrostatic air filters require frequent cleaning, usually more than once a month. Unfortunately, they are usually neglected. Cleaning and maintenance of HVAC systems prove difficult because electrostatic air filters usually have several layers that must be removed and cleaned individually.
3M, Camfil, DAIKIN INDUSTRIES, FläktGroup, and Parker Hannifin, Blueair, Carrier Corporation, Donaldson Company, Electrocorp, Fumex, Lennox International, MANN+HUMMEL, and Philips.