Industrial Overview of HVAC Filters Market 2020-2029:
The Global HVAC Filters Market is a part of the HVAC system that removes air impurities. It is important to change or remove these filters after it has been used for a long time. The rising R&D activities for the development of new medicines and products are subsequently increasing the demand for HVAC systems, thereby accelerating the growth of the HVAC filters market. As per the data provided by the European Federation of Pharmaceutical Industries and Associations, the R&D activities in Brazil, India, and China grew by 11.5%, 11%, and 9.4%. the Observatory of Economic Complexity (OEC), the sales of special pharmaceuticals were valued at USD 12.2 billion in 2017.
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The Major Players Covered in this Report: Camfil AB, MANN+HUMMEL GmbH, Donaldson Company, Inc., Filtration Group Corporation, Koch Filter, 3M Company, Parker Hannifin Corporation, Ahlstrom-Munksjo, American Air Filter Company, Inc., Freudenberg Group, Emirates Industrial Filters, & more…
HVAC Filters Market Segmentation:
By Material: Fiberglass, Synthetic Polymer, Carbon
By Technology: Electrostatic Precipitator, HEPA, Activated Carbon
By End-User: Building and Construction, Pharmaceutical, Food & Beverage, Livestock
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Years that have been considered for the study of this report are as follows:
- History Year: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year: 2020 to 2029
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for HVAC Filters in the Region:
Geographically, the region is anticipated to hold the largest market share in the global HVAC Filters market during the forecast period 2020-2029. The growth in this region can be attributed to emerging economies like India, China, Japan, Vietnam, Indonesia, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (LAMEA).
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There have been a lot of acquisitions and mergers happening throughout the globe. Camfil AB signed an agreement with Salvador Escoda to offer quality Camfil products in Salvador Escoda’s supply stores. Salvador Escoda being one of the largest distributors of filters in Spain will enable Camfil AB to place its market foot in the Spanish market and also expand on its product portfolio and help deliver its product on time.
Furthermore, In August 2019, Mann+Hummel acquired Hardy Filtration which is a Canada-based manufacturer of air filters, dust bags, and paint booth filters. Post the acquisition, Mann+Hummel is in a position to further expand its product portfolio in the HVAC systems product line as well as stretch its company’s manufacturing facility in Canada.
You can also access an individual chapter-wise section or region wise report versions like North America, Europe, Asia Pacific, and Latin America.
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