Technavio, a tech-focused market research firm, has published a new report on the global HVAC air filter market, which is expected to grow at a CAGR of more than 7% during the forecast period 2016-2020.
Based on geographical segmentation, Technavio market researchers categorize the market into the following key regions: The Americas, APAC, and EMEA.
|
GEOGRAPHICAL REGIONS |
MARKET SHARE 2015 (%) |
|
APAC |
44.72% |
|
Americas |
28.16% |
|
EMEA |
27.12 |
Source: Technavio
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Global HVAC Air Filter Market in APAC: Increasing investments in real estate is attributing to the rapid growth of the APAC market. The construction of commercial and residential buildings in compliance with international standards and regulations will boost the demand for HVAC air filters in the market of this region. China and India will emerge as the key revenue generators in the APAC market. Rapid urbanizations in various countries in the region will have a positive impact on the development of the market.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on tools and components, says, “The growing awareness about indoor air quality due to increasing air pollution in the region will fuel the market growth for HVAC air filters in APAC. The increasing investments in the emerging economies such as Indonesia, Vietnam, Malaysia, and the Philippines will spur revenues in the APAC market.”
Global HVAC Air Filter Market in the Americas: The health-conscious consumers in the Americas are installing advanced air filters that improve indoor air quality and maintain the efficiency of HVAC systems. The residential markets in the US and Canada are contributing to the growth of the American market for advanced air filters. The vendors in the market are also focusing on producing energy–efficient systems to gain a competitive advantage over other players in the market.
Global HVAC Air Filter Market in EMEA: The market’s growth in the region is primarily driven by the rise in construction activities in the Middle Eastern countries, especially the UAE. The growing demand from the residential and commercial buildings sector will also help in the development of this market. These filter systems help the residents and building owners meet the various regulatory bodies guideline and aid in monitoring the indoor air quality (IAQ) in these buildings.
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The top leading vendors operating in the global HVAC air filter market are:
- Camfil
- CLARCOR
- Daikin Industries
- 3M
Other prominent vendors in the market include Donaldson, Grainger, Tex-Air Filters, Lennox, Airsan, MANN+HUMMEL, Universal Air Filter, and Carrier.
A more detailed analysis is available in the Technavio report titled, ‘Global HVAC Air Filter Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Air Filter Market 2016-2020
- Global Cleanroom Technology Equipment Market 2016-2020
- Global Air Handling Unit (AHU) Market 2015-2019
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