According to a research report by Global Market Insights the HVAC filters market size will surpass $13billion by 2024.
Improving standard of living and increasing demand for energy-efficient air purification will contribute to growth, the report suggests.
Growing innovation measures have also led to the development of cost-effective systems, which may open avenues for players and escalate product demand.
“Availability of improved product offering which also facilitates cooling, heating and humidity control in infrastructural facility will promote its application in residential and commercial building, thus propelling industry growth,” the report states.
“Rising customer awareness and inclination towards high indoor air quality due to their low toxicity, and environment pollution should drive product demand.”
Carbon HVAC filters market will exceed $1.5bn over the next five years. They are designed to purify gases through activated charcoal bed and are deployed to tackle volatile organic compounds released from residential products.
They are also utilised to eradicate odors from the air, including smell of tobacco smoke, hence propelling the market growth.
HVAC filters market from construction may observe significant gains up to 4% by 2024. There has been an escalating demand for purification solutions in construction industry.
These systems collect dust and avoid dust emissions at multiple stages including primary and secondary crushing and material transfer.
The construction industry is expected to grow substantially owing to the multiple infrastructural development projects globally, which would positively impact market share.
Electrostatic HVAC filters market is anticipated to surpass $1.5bn by 2024. Static electricity entices dirt and dust to vertical and overhead surfaces.
Electrostatic filter puts a static electrical charge on all particles present in air that pass-through filter media.
This system uses a configuration of woven fabric and anti-microbial foam core which prevents bacteria and mold growth, hence stimulating market growth.
Japan HVAC filters market may also observe significant gains over 5.5% by 2024.
Rising awareness of negative environmental impacts is driving product demand in residential and non-residential sectors including commercial, institutions, office and healthcare sectors.
Consumers are changing their preferences for energy efficient products, thus propelling market growth.