Valued to be $7.1 Billion by 2026, HVAC Filters Slated for Strong Development Worldwide
FACTS AT A GLANCE
Edition: 7; Published: April 2021
Executive pool: 758
Company: 36 – Players covered include 3M Co.,; Ahlstrom-Munksjo; American Air Filter Co., Inc .; Camfilab; Donaldson Co., Inc .; Emirates Industrial Filters LLC; Filtration Group Corp .; Freudenberg Group; GVS Group; Cook filter; Man + bumblebee; Parker-Hannifin Corp .; Sandler AG; Sogefi Group; Spectrum Filtration Pvt., Ltd .; Troy Filters Ltd. and other.
Coverage: All major regions and key segments
Segments: Technology (HEPA, Electrostatic Filters, Activated Carbon, Other Technologies); End-use (building and construction, pharmaceutical, food and beverage, automotive, other end-uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest Europe); Asia Pacific (Australia; India; South Korea; and rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest middle East); and Africa.
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ABSTRACT-
Reaching Global HVAC Filters Market $ 7.1 billion by 2026
Amid the COVID-19 crisis, the global HVAC filter market is valued at $ 5.3 billion in 2020 is expected to reach a revised size of $ 7.1 billion until 2026 with a CAGR of 4.9% in the analysis period. HEPA, one of the segments analyzed in the report, is expected to record and achieve a CAGR of 5.7% $ 2.8 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and its triggered economic crisis, growth in the electrostatic precipitator segment will be adjusted to a revised annual growth rate of 5% for the next 7-year period.
The US market is estimated at $ 1.5 billion in 2021, while China is expected to reach $ 1.5 billion by 2026
The US HVAC filter market is estimated at $ 1.5 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 1.5 billion by 2026 with a CAGR of 8.1% in the analysis period. Other notable geographic markets include Japan and Canada, which will grow by 2.8% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow around 3.5% CAGR.
Achieve activated carbon segment $ 1.5 billion by 2026
In the global activated carbon segment United States of America, Canada, Japan, China and Europe will power the estimated 4% CAGR for this segment. These regional markets make a combined market size of $ 908.2 million in 2020 a forecast size of $ 1.2 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. More
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