The global hvac filters market size valued USD 6.0 billion in 2021 and expected to reach USD 7.8 billion by 2028, at a CAGR of 5.1% during the forecast period 2022-2028. Rising customer inclination to clean air due to declining outdoor and indoor air quality along with the circulation of toxic compounds will drive market demand for HVAC filters. Increasing product use in a variety of industries, including retail, healthcare, real estate, special economic zones (SEZs), airports, and metro rail, would dramatically increase revenue over the forecast period. Technological advances and budding integration of mobile HVAC controls along with the growth of smart homes lead to rising market growth. High installation costs and the need for frequent product maintenance can hinder the profitability of the HVAC filters market. This study analyses the global HVAC air filter market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs.
In 2016, American Air Filter Company acquired Flanders Corp., a prominent manufacturer of HVAC systems.
In March 2020, Camfil acquired Airepure, Australia.