Market Overview:

The Global HEPA HVAC Filters Market Size Is Expected To Reach USD 3.60 Billion By 2022 And USD 5.12 Billion By 2030 Projected To Grow At A CAGR Of 4.5% During The Forecast Period From 2022 To 2030.

This market is growing because more and more homes and businesses around the world want air purification systems that use less energy and are good for the environment.

A high-efficiency particulate air (HEPA) filter was made in the 1940s to filter out dust and pollen that are in the air. The term "highly efficient" refers to their ability to capture 99.97% or more of particles as small as 0.03 microns in standard tests. This means that they can filter out very small particles. Most of the time, they are made of an electrostatically charged wire mesh with holes too big for the particles they are trying to catch. One side of the mesh is exposed to clean air from the outside, and the other side draws in dirty air from the inside, so dirt from the indoor air sticks to it. It has smaller pores than the pores on the outside. This is called diffusion, and it means that less pressure is needed to filter the air. The HEPA process is used in a lot of different things, like ventilation systems, home appliances (like filters), humidifiers, furnaces, and so on.

COVID-19 Impact:

During the COVID-19 pandemic, numerous industries are negatively impacted. This market is one of the least affected in the HVAC system industry due to the rising value of clean air. According to the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), standard 52.2 low-efficiency filters have fewer than eight minimum efficiency reporting values (MERV) and are unlikely to effectively clean the air. It is due to its improper installation configuration. ASHRAE has recommended a two-step method for air filtration to prevent the spread of COVID-19.

Increased support from government bodies, such as the Federation of European Heating, Ventilation, and Air Conditioning Association, ASHRAE, and others, complements the increase in demand for HEPA filters, dust collectors, and other air quality systems in pandemic-affected areas. The modern HEPA filter is utilized in industrial applications such as automotive, manufacturing, etc., and commercial applications due to its ability to capture approximately 99.95% of airborne bacteria. In residential applications, HEPA filters prevent the multiplication of viruses that cause breathing difficulties. The installation of air purifiers will experience significant growth in the coming years. This is due to the increasing demand for indoor air quality (IAQ) around the world.

Market Dynamics:

Market Trends:

The manufacturers are competing on the basis of dust-holding capacity, uniform airflow supply, and filtering efficiency. End-users are embracing sustainable alternatives, such as the use of washable and reusable air purifiers. Due to their unique ability to prevent microbiological growth, these filters control harmful emissions by providing high indoor air quality, thereby improving indoor air quality. The payback period for reusable filters is relatively short because they are less expensive than purchasing a new filter every four to six months. In addition, governmental bodies and a number of environmental organizations are developing green building standards to provide high-quality indoor and outdoor air for all end-use applications.

According to the World Green Building Council, Australia has nearly 46% of its focus on green buildings, while Ireland has nearly 40%. Emerging nations are placing a significant emphasis on developing energy-efficient air purification products. Consequently, the rise in demand for green buildings coupled with the increased installation of reusable filters is driving market growth for air filters.

Driving Factors:

• Increasing Demand for HVAC Systems

According to State of the Climate by the American Meteorological Society, 2018 was the warmest year due to global warming. Europe and the Mediterranean Sea, the Middle East, New Zealand, parts of Asia, and regions bordering oceans exhibited climatic changes. In addition, the Society predicts that by 2020, the global temperature will be 32.90 degrees Fahrenheit higher than the average temperature. Changes and variations in climatic conditions have increased the demand for electrical cooling systems in the summer and for natural gas, heating oil, wood, and electrical heating systems in the winter. Globally, residential, commercial, and industrial structures utilize heating, cooling, and climate control technologies to achieve thermal comfort and acceptable indoor air quality. With increasing global temperatures and varying climatic conditions, the demand for HVAC systems has increased, driving the market for HVAC filters.

• Rapidly Expanding Pharmaceutical Industry and Rising R&D Activities 

The pharmaceutical industry utilizes HVAC systems to store medicinal drugs and syrups, including Benadryl, Cheracol Plus, Dimetane, Donnatal, Geritol, Novahistine, Robitussin, Sominex, Triaminic, Tylenol, and Vicks. Thus, the rapidly expanding pharmaceutical industry around the world stimulates market expansion. In 2017, the Observatory of Economic Complexity (OEC) reported that sales of specialty pharmaceuticals totaled USD 12.2 billion.

Rising R&D activities for the creation of new medicines and products are driving up demand for HVAC systems, thereby accelerating the market growth for HVAC filters. According to information provided by the European Federation of Pharmaceutical Industries and Associations, research and development activities in Brazil, India, and China increased by 11.5%, 11%, and 9.5%, respectively. India is one of the world's largest providers of generic drugs, and the expansion of the pharmaceutical industry is driving market growth. In 2017, the pharmaceutical industry in India saw approximately 46 mergers and acquisitions totaling $1.47 billion. According to the IBEF, the Uttar Pradesh State (India) government announced in October 2018 the launch of six pharma parks worth between USD 712 and USD 855 million. In a nutshell, it goes without saying that hospitals are a significant consumer of HVAC filters.

• Rising Demand for Air Filters from Automobile Industry

With the expansion of the automotive industry, there is a growing demand for the installation of these filters in all vehicles. Trends such as vehicle parks and in-vehicle filters all influence economic expansion.

In addition, the automotive industry's significant demand for these filters can be attributed to their advantages in aftermarket services. The filters are primarily utilized to clean and enhance the performance of internal combustion engines, while protecting the engine components from harmful dust particles. This filter is intended to filter the air that the engine draws in during multiple strokes.

Restraints/Challenges:

• Rising Environmental Concerns

According to the International Energy Agency, air conditioner (AC) sales increased by approximately 15% between 2017 and 2018. An increase in the sales of air conditioners will also result in an increase in the air pollutants emitted by the systems as they operate. Hydrofluorocarbons (HFCs) released by air conditioners trap heat in the atmosphere and contribute to global warming. Additionally, HVAC systems consume approximately 32% of total energy. The increased demand for and sales of air conditioners will result in an increase in energy and power consumption during operation. As the majority of electricity is generated with fossil fuels, such as coal, this will ultimately put pressure on fossil fuel reserves. To prevent pressure drops, the use of highly efficient filters in HVAC systems also increases energy consumption. In order to avoid the aforementioned circumstances, manufacturers of HVAC systems and filters are required to develop energy-efficient and low-carbon-emitting systems, which will increase the price of HVAC systems and filters. Consequently, rising environmental concerns resulting from the increased use of HVAC systems are impeding the market expansion of HVAC filters.

• High Initial Installation and Maintenance Cost

The demand for filtration systems is increasing in tandem with the growing awareness of the importance of IAQ. However, the high cost of maintenance for these filters is one of the primary factors inhibiting market expansion. As they require replacement and maintenance every four to six months, the cost of replacing a filter is typically very high, ranging between $40 and $60. In addition, many commercial and industrial end-users purchase low-cost filter equipment that degrades the working environment in HVAC systems. In addition, a lack of awareness regarding the negative effects of bacteria- and virus-contaminated air hinders the global expansion of the market.

Opportunities:

• Technological Advancement in HVAC Filters

The demand for filtration systems is increasing in tandem with the growing awareness of the importance of IAQ. However, the high cost of maintenance for these filters is one of the primary factors inhibiting market expansion. As they require replacement and maintenance every four to six months, the cost of replacing a filter is typically very high, ranging between $40 and $60. In addition, many commercial and industrial end-users purchase low-cost filter equipment that degrades the working environment in HVAC systems. In addition, a lack of awareness regarding the negative effects of bacteria- and virus-contaminated air hinders the global expansion of the market.

• Growing Travel and Tourist Industry in the UAE

The Middle East is home to one of the world's largest tourism industries. In the past decade, the tourism industry in the Middle East has grown dramatically. According to the UNWTO World Tourism Barometer, international tourist arrivals increased by six percent in 2018, which is nearly equivalent to 1.4 billion tourists. With 64 million, the Middle East accounted for the most tourist arrivals. Tourism's recent expansion demonstrates that it is now one of the most influential drivers of economic growth and development.

The direct contribution of the travel and tourism industry to the UAE's gross domestic product in 2016 was USD 18.7 billion, or 5.2% of the total GDP. The direct contribution of the travel and tourism industry to the UAE's GDP in 2016 was AED 68.5 billion (USD 18.7 billion), or 5.2% of the total GDP. According to the United Arab Emirates Government Portal, it is expected to increase by 5.1% annually between 2017 and 2027, reaching USD 31.6 billion. In 2017, the travel and tourism industry saw a total investment of USD 7.1 billion.

The expansion of the tourism industry has created opportunities for additional hotels and restaurants. Consequently, there is an increasing demand for HVAC electronics in the market, which is boosting the market for HVAC filters.

Strategic Development:

• In April 2018 - 3M Company partnered with Amazon to integrate its Filtrete smart air filter with Amazon Dash Replenishment. The purpose of this partnership is to increase sales of its air filters on Amazon. Connected via Bluetooth, the intelligent air filter automatically orders a replacement filter when it needs to be replaced. The filter is paired with Bluetooth and Amazon Dash Replenishment, which predicts when and what type of air filter to purchase. This partnership has helped the company improve the purchasing experience for its customers.
• In January of 2018 - The 3M Company's Filtrete brand introduced a Bluetooth-enabled HVAC filter for residential buildings. The filter is equipped with a Bluetooth-enabled sensor that will provide the end-user with information regarding airflow, pressure drop, life tracking, real-time indoor air quality readings, and replacement reminders, among others. This innovation has helped the company generate consumer interest in the product.
• In April 2020 - Parker Hannifin Corporation released QuadSEAL 4, a product designed specifically for HVAC applications in commercial settings. This product assists building owners in earning points toward LEED certification. Hotels and entertainment complexes, food processing, microelectronics manufacturing, data centers, commercial office buildings, schools and universities, clean manufacturing facilities, hospitals and healthcare facilities, government institutions, and industrial manufacturing are all applications of this technology.
• In April 2020 - Parker HVAC Filtration, a division of Parker Hannifin Corporation, introduced a new line of Micropleat high-efficiency filters with a media blend and a mini-pleat design for HVAC applications. High levels of particulate removal, dust-holding capacity, and efficiency, among others, are provided by these air filters. Micropleat filters meet both High-Efficiency Particulate Air (HEPA) and Ultra-Low Particulate Air (ULPA) minimum rating requirements of up to 99.97% at 0.3 microns and 99.999% at 0.12 microns, respectively.
• In August 2019 - Mann+Hummel acquired Canadian manufacturer of air filters, dust bags, and paint booth filters Hardy Filtration. After the acquisition, Mann+Hummel will be able to expand its product portfolio in the HVAC system product line and expand its manufacturing facility in Canada.

Key Vendors:

Top market players are

• Parker Hannifin

Parker Hannifin Corporation (Parker) produces motion and control technologies and systems. The company provides essential motion and control solutions, such as fluid power systems, electromechanical controls, and associated components. Its products are utilized in numerous industries and applications, including food production machinery, alternative energy, life sciences and medicine, oil and gas, power generation, industrial machinery, agriculture, construction machinery, marine, mining, chemical and refining, telecommunications, aerospace, industrial and commercial refrigeration, and transportation.

• Filtration Group

Filtration Group is a global market-leading supplier of filtration consumables designed to drive innovation and deliver solutions across a broad spectrum of applications and end-markets, with a concentration on life sciences, indoor air quality, and industrial technologies.

• 3M

3M Co. produces and distributes industrial products and solutions. The company's product line consists of advanced materials, display materials and systems, home care, home improvement, stationery and office, personal safety, roofing granules, closure and masking systems, and other items.

• Honeywell

Honeywell International Inc. is an American manufacturer of aerospace and automotive products, residential, commercial, and industrial control systems, specialty chemicals and plastics, and engineered materials.

• Daikin Industries

Daikin Industries Ltd (Daikin) is an air conditioner and refrigerant manufacturer. It offers a vast array of products and technologies pertaining to air conditioning, refrigeration systems, oil hydraulics, defense systems, chemicals, and other electronic devices. Air conditioners manufactured by the company are utilized extensively in residential, commercial, and industrial settings. It also offers fluoroplastics, chemical engineering machinery, fluorocarbons, and fine chemical products. The agency

• Lennox International Inc.

Lennox International Inc. provides climate control solutions. The company designs, manufactures, and sells equipment for heating, ventilation, air conditioning, and refrigeration. Lennox sells its products globally.

• Camfil

Camfil is a global leader in the air filtration industry, having developed and manufactured sustainable clean air solutions that protect people, processes, and the environment for more than five decades.

• MANN+HUMMEL

Mann Hummel is an OEM filter manufacturer, supplier, and exporter. Construction, transportation, food, agriculture, oil & gas, energy, rail, water treatment, and automotive sectors are served. It produces air filters and intake systems, membranes, liquid filter systems, industrial filters, and cabin filters, among other components.

• Donaldson

Donaldson Company, Inc. (Donaldson) produces filtration systems and replacement components. The business develops, manufactures, and distributes engine and industrial products. Exhaust and emission systems, liquid filtration systems, air filtration systems, dust, fume, and mist collectors, replacement filters, air filtration systems, and air purification systems are available.

• Cummins

Cummins, Inc. designs, manufactures, and markets natural gas and diesel engines. It functions via the following segments: Engine, Distribution, Components, and New Power Systems

• Tex-Air Filters

All of Tex-pleated Air's filters, including MERV 6, MERV 7, MERV 8, Merv 10, Carbon, and MERV 11, are manufactured in one-inch, two-inch, and four-inch filter sizes. Additionally, the company specializes in manufacturing metal filters for kitchens, air intakes, and other applications.

• Koch Filter (Johnson Controls)

Koch Filter is a manufacturer of indoor air filtration solutions that improve the quality of life for individuals and safeguard workplace processes and equipment. The business is headquartered in Louisville, Kentucky.

Segmentation Analysis:

The market is segmented on the basis of type, application, end-user and region.

By Type Outlook:

Cartridge filters, HEPA filters, dust collectors, baghouse filters, and mist filters are all different kinds of air filters.

In the next few years, the demand for HEPA filters in the industrial, residential, and commercial sectors is expected to grow quickly. It can attract atoms in a unique way because of the new ways it uses diffusion. HEPA filters that get rid of airborne particles with a success rate of more than 99.97% could be used in hospitals, cars, commercial and residential buildings, and other places.

In 2020, dust collectors had the largest share because they could control how clean the air was. Mist collectors, baghouse filters, and cartridge filters also make up a big part of the air filter market and are expected to help the market grow.Cartridge Filters

• Dust Collector
• HEPA Filters
• Baghouse Filters
• Others (Mist Filters and others)

By Application Outlook:

The market is divided into HVAC systems, air cleaners, industrial equipment, and others based on how they are used. The "others" section is further broken down into respirators and gas masks, baghouses, cleanrooms, and gas turbines, as well as vacuum cleaners and other household air filters. As HVAC systems heat and cool industrial, commercial, residential, and institutional buildings, it is expected that this market segment will have a large share of the market.

• HVAC Systems
• Air Cleaners
• Air Conditioning
• Others

By End-User:

The market can be divided into three types of end-users: residential, commercial, and industrial. The industrial sector has the largest market share.

It is expected that the growing demand at manufacturing sites will lead to a big rise in demand in the industrial sector. In the industrial sector, these filters keep microorganisms and molecules from getting into sensitive manufacturing processes. As these filters are an important part of every vehicle, the automotive industry has the largest market share of all industries.

Because of the growing need for air purification in both commercial and residential buildings, these two sectors make up a big part of the market.

• Residential
• Commercial
• Industrial
• Automotive
• Chemical
• Gas Turbines
• Semiconductors
• Pharmaceuticals
• Healthcare
• Others (Food & Beverage and others)

Regional Insights:

The global HEPA HVAC Filter market has been looked at in different parts of the world, like North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be led by the global HEPA HVAC Filter region.

It is thought that North America is the biggest market for HEPA HVAC filters, and Europe is second. Latin America is expected to be the place where HEPA HVAC filters grow the most quickly. In the future, the Asia-Pacific area will be a very important market with a lot of potential. Middle East and Africa are thought to be the second fastest growing region for HEPA HVAC filters.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• The report gives a lot of information about how different things work in the global air filters industry. Some of them are growth drivers, growth restraints, competitive landscape, regional analysis, and challenges.
• It also gives an analysis of the market, current trends, and estimates to show where the best places to invest will be in the future.
• From 2023 to 2030, the market is looked at quantitatively to find out how financially stable it is.
• Detailed information about the companies is provided. In addition, the report details their capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and technological advancements.