HVAC air filter market to grow at 7.09% CAGR by 2021

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HVAC air filter market to grow at 7.09% CAGR by 2021

HVAC air filter market to grow at 7.09% CAGR by 2021

Industry News
Jan 02,18

The analysts forecast, global HVAC air filter market to grow at a CAGR of 7.09% during the period 2017-2021. The latest trend gaining momentum in the market is growing awareness about indoor air quality.

HVAC air filter market to grow at 7.09% CAGR by 2021

'HVAC air filter market trend' is growing awareness about indoor air quality. The analysts forecast, global HVAC air filter market to grow at a CAGR of 7.09% during the period 2017-2021. The latest trend gaining momentum in the market is growing awareness about indoor air quality. IAQ refers to the quality of the air and indicates if the air is harmful for the health and well-being of the individuals occupying a space.

In developed countries, people spend up to 90% of their time indoors but are unaware of the various pollutants that are present within. Indoor pollution can cause adverse health effects due to both short-term exposure and long-term exposure to the contaminated indoor air. These include irritation of the eyes, nose, and throat; headaches; dizziness; and fatigue. Long-term exposure might cause respiratory diseases, heart diseases, and cancer. To control or eliminate the indoor pollution, many countries are adopting the concept of green buildings.

Major Key players in the global HVAC air filter market: 3M, Camfil, DAIKIN INDUSTRIES, FläktGroup, Parker Hannifin, Blueair, Carrier Corporation, Donaldson Company, Electrocorp, Fumex, Lennox International, MANN+HUMMEL, and Philips.

According to the HVAC air filter market report, one of the major drivers for this market is increasing number of data centers. A data center is a networked computer server which stores huge amount of data. Rising dependency on the internet and advances in technology have led to the growth of the data centers. Many companies are installing data centers due to the need for increased information storage capacity for data processing.

Overheating is one of the main concerns in data centers as it affects the productivity and increases the downtime. To overcome this issue, cooling systems such as air handling units (AHUs) are provided in the data center to maintain the temperature and enhance efficiency. Therefore, growth in the number of data centers is expected to drive the demand for AHU's, thereby driving the global HVAC air filter market.

Further, the HVAC air filter market report states that one of the major factors hindering the growth of this market is need for regular maintenance of HVAC air filters. Regular maintenance of HVAC systems proves to be expensive for consumers. Electrostatic air filters require frequent cleaning, usually more than once a month. Unfortunately, they are usually neglected. Cleaning and maintenance of HVAC systems prove difficult because electrostatic air filters usually have several layers that must be removed and cleaned individually.