April 23, 2015: Global Air Filters Market to Surpass $19 Billion by 2020
Rising Concern Regarding IAQ and Related Health Effects
BURNABY, British Columbia — The global air filters market is projected to surpass $19 billion through 2020, according to a TechSci Research report, “Global Air Filters Market Forecast & Opportunities, 2020.” During the recent recession, demand for air filters was dampened owing to the dip in consumer spending. However, the market has been recovering due to increasing disposable income coupled with rising concern regarding IAQ and related health effects.
Air filters are categorized on the basis of application area as HVAC air filters, gas turbine air filters, automotive air filters, cleanroom air filters, and bag house air filters. The global air filters market has always been dominated by the HVAC air filters segment, with continuous demand from the commercial and residential sectors for new installations as well as replacements. The consumer focus on ambient air quality and energy efficiency coupled with recovered consumer spending has been aiding the global HVAC air filters market.