1. Market Research
  2. > Construction
  3. > Building Products Market Trends

The North American HVAC Air Filters Market

  • September 2015
  • 100 pages
  • Frost & Sullivan
Report ID: 3461091

Summary

Table of Contents

Increased Customer Awareness and Air Quality Requirements will Drive Market Growth

The North American heating, ventilation, and air conditioning (HVAC) air filters market is a mature market. The market is driven by the need for energy efficiency and integrated HVAC solutions. The research service has three segments: Standard, HEPA, and Gas Phased Filters. The standard filter segment is a larger product segment. The base year is 2014. The research service includes discussions of market drivers and restraints, the competitive landscape, and trends.

Key Findings
- The North American heating, ventilation, and air conditioning (HVAC) air filters market generated revenue of $ Million in 2014. This marked an annual growth of % over the previous year.
- The market is projected to grow at a compound annual growth rate (CAGR) of % between 2014–2022, reaching $ Million in 2022.
- The initial downtrend witnessed as an aftermath of the recession in North America between 2008–2010 gradually gave way to a buoyant upward trend as a result of steady economic recovery and revival of the construction market.
- Furthermore, increased concerns over indoor air quality issues, as well as impetus from sustainability and building efficiency ratings have provided the necessary boost to demand for high efficiency filters in an otherwise cost-conscious and mature market.
- At the same time, end users are making cost-effective choices in selecting low resistance and high efficiency pre-filtration options such as box filters before opting for high efficiency filters to mitigate overall installation costs and to allow for long term energy savings.
- Overall, the market’s characteristic low-to-moderate degree of technical change and highly competitive structure continue to exert significant pressure on price, with customers gravitating towards low priced options more often than desired.
- The commercial and specialty industrial market verticals, however, present some exceptions to this rule. A growing trend among this customer base is to embrace a shift towards value justification, and consideration of life cycle costs as opposed to first costs in retrofitting their HVAC and other infrastructural requirements.
- The market has exhibited a distinct ability to sustain growth owing to demand from niche and sophisticated end users for quality-oriented specialized products.
- In addition, growing awareness and willingness to experiment with building-integrated filter options will drive demand for innovative products, which will continue to present entry opportunities for those suppliers with technologically superior and versatile products.
- Despite the consolidated front projected by established manufacturers, the market indeed represents latent opportunities for entry, particularly into niche customer applications.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Growing Markets for Air Quality Monitors: China, North America, Europe and Developing Markets

  • $ 5501
  • Industry report
  • April 2017
  • by BCC Research

Highlights • The global market for air quality monitors reached $3.5 billion in 2015. This market is expected to increase from $3.8 billion in 2016 to nearly $5.9 billion in 2021 at a compound annual ...

Global Air Purifiers Market By Filter Type (HEPA & Activated Carbon; HEPA, Activated Carbon and Ion & Ozone Generator; etc.), By End User (Industrial, Residential & Commercial), By Region, Competition Forecast & Opportunities, 2012-2022

  • $ 4000
  • Industry report
  • April 2017
  • by TechSci Research

Rising industrialization, increasing commercial developments, growing vehicle fleet size, coupled with rising awareness about respiratory and airborne diseases are projected to drive sales of air purifiers ...

Global Indoor Air Quality Market 2017-2021

  • $ 3500
  • Industry report
  • May 2017
  • by Infiniti Research Limited

About Indoor Air Quality Indoor air quality is defined as the ventilation, humidity, temperature, biological, and chemical contaminations present in the air in a specific area inside a building. The IAQ ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.