Will hit $11.06 billion by 2028
According to the report published by Allied Market Research, the global HVAC filters market was pegged at $6.06 billion in 2020 and is estimated to hit $11.06 billion by 2028, registering a CAGR of 7.7% from 2021 to 2028.
Based on material, the fiberglass segment contributed to more than one-third of the total market share in 2020 and is expected to rule the roost by the end of 2028. The synthetic polymer segment, on the other hand, would register the fastest CAGR of 8.9% throughout the forecast period.
Based on technology, the HEPA segment accounted for nearly three-fifths of the total market revenue in 2020 and is projected to lead the trail by 2028. Simultaneously, the ionic filtration segment would cite the fastest CAGR of 9.7% during the forecast period.
Based on region, Asia-Pacific held the major share in 2020, generating more than one-third of the global HVAC filter market. Simultaneously, the market across LAMEA would showcase the fastest CAGR of 9.0% from 2021 to 2028.