Which new trends are likely to be seen in HVAC Filters marke…

(MENAFN – GetNews) The food and beverage industry is using the HVAC filters to maintain the HVAC refrigeration and refrigerators used to store food and beverages, driving the demand for HVAC filters.

Industrial Overview of the HVAC Filter Market 2020-2029:
the global Market for HVAC Filters is a part of the HVAC system that removes air contaminants. It is important to replace or remove these filters after prolonged use. The rising R&D activity for the development of new drugs and products then increases the demand for HVAC systems, accelerating the growth of the HVAC filter market. According to data from the European Federation of Pharmaceutical Industries and Associations, R&D activities in Brazil, India and China grew by 11.5%, 11% and 9.4%. the Observatory of Economic Complexity (OEC), sales of specialty drugs were valued at USD 12.2 billion in 2017.

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The key 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 & Construction, Pharmaceuticals, Food & Beverage, Livestock

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The years 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 Industry to Boost Demand for HVAC Filters in the Region:
Geographically, the region is anticipated to hold the highest 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 such as India, China, Japan, Vietnam, Indonesia , North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (LAMEA).

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Recent trends:
There have been many acquisitions and mergers worldwide. Camfil AB has signed an agreement with Salvador Escoda to offer high quality Camfil products in Salvador Escoda’s supply stores. Salvador Escoda, one of the largest distributors of filters in Spain, allows Camfil AB to gain a foothold in the Spanish market and also to expand its product portfolio and deliver its product on time.

In addition, in August 2019, Mann+Hummel acquired Hardy Filtration, a Canada-based manufacturer of air filters, dust bags and paint booth filters. Following the acquisition, Mann+Hummel will be in a position to further expand its product portfolio in the HVAC systems product line and expand the company’s manufacturing facility in Canada.

You can also access individual chapter-by-section or region-by-region report versions such as North America, Europe, Asia-Pacific, and Latin America.

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