The driving factor for growth market is increasing demand for HVAC systems and awareness around IAQ.
A greater awareness of how HVAC can affect air quality and the spread of infection has been one of the positives to emerge from the last two years of the pandemic in the facility management industry. It is unsurprising, then, that the global market for HVAC filters is predicted to keep growing over the next few years.
A recent report from ResearchAndMarkets.com found that the HVAC filters market, which was estimated to be worth around US$3.5 billion in 2021, is projected to reach %4.5 billion by 2026, at a compound annual growth rate (CAGR) of 5.0 per cent.
The driving factor for the HVAC filters market is increasing demand for HVAC systems, growing awareness about indoor air quality (IAQ), and government regulations and policies for efficient filtration. Increasing investments in the construction sector and technological advancements in HVAC filters are also expected to play their part and to offer significant growth opportunities to manufacturers…