Air Filter Market to Grow at 5.6% CAGR to 2020
Air filters play a significant role in maintaining good IAQ
PUNE, India — The global air filter market is predicted to grow at a compound annual growth rate (CAGR) of 5.6 percent during the forecast period of 2016-2020, driven by IAQ concerns, according to a market research report from ReportsnReports.
The report notes that air filters play a significant role in maintaining good IAQ as air filters are one of the main components in HVAC systems. IAQ has gained attention in recent years as poor air quality affects the comfort, health, and productivity of building occupants.
The report states that poor IAQ has led to health issues such as sick building syndrome, building-related illnesses, and multiple chemical sensitivity (MCS) that have resulted in the framing of new guidelines and regulations for commercial buildings, accelerating the demand for better air filters in the HVAC systems used in commercial buildings. Furthermore, the growth in construction activities in the U.S. and the massive resurgence in urban infrastructure construction activities in the Asia-Pacific (APAC) region are expected to fuel the growth of air filters.
Further, the report states that lack of awareness of end-users about replacing air filters is one of the major challenges faced by the air filter market. Air filters are used to filter the incoming air by trapping particulates such as dust, pollen, mold, smoke, debris, and bacteria from the air. They find use in a wide range of applications in which air quality is crucial
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Publication date: 5/19/2016
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