United States furnace filters market stood at USD 20.06
Billion in 2019, and is projected to grow at a CAGR of 6.35% to cross USD 22.71
Billion by 2025. Anticipated growth in the market can be attributed to
increasing consumer concerns regarding indoor air quality and increasing number
of end user industries in the country. Increasing levels of indoor biological
and chemical air pollutants such as radon, carbon monoxide, dust mites and VOCs
coupled with rising incidences of asthma and other lung infections are expected
to aid the United States furnace filters market over the coming years.
Moreover, stringent regulations by governing bodies such as FDA, which has set
particulate limit of 50 parts per billion for indoor air quality, is
anticipated to boost demand for furnace filters from the country’s residential
and non-residential sectors in the coming years.
Rising
demand for furnaces from various end use industries to beat extreme cold during
winters, and growing awareness regarding the timely change of furnace filters
is anticipated to positively influence the country’s furnace filters market
over the coming years.
United
States furnace filter market can be segregated based on filter category, filter
type, end use and region. Based on filters category, non-cleanable accounted
for share of 52.17% in 2019. However, cleanable category is anticipated to
witness growth in the coming years due to longer shelf life and ease of use.
Besides, cleanable furnace filters come with a membrane which can be easily
replaced and do not need any technical supervision.
Leading
players operating in the market include Honeywell
International, Inc, Parker Hannifin Corporation, 3M Company, American Air
Filter Company, Inc, Camfil (United States of America) Inc., Koch Filter
Corporation, Precision Filtration Products, Tri-Dim Filter Corporation, Aeolus
Filter Corporation, Smith Filter Corporation and others.
Years Considered for this Report:
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2025
Objective
of the Study:
·
The
primary objective of the study was to evaluate and forecast furnace filters market
in United States.
·
To
categorize the market on the basis of type, category, end use and region.
·
To
identify major drivers, challenges and trends in United States furnace filters market.
·
To
evaluate pricing analysis in United States furnace filters market.
·
To
identify and profile top players operating in United States furnace filters market.
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To extract the data for United States furnace filters market, primary
research surveys were conducted with furnace filter suppliers, distributors,
wholesalers and end users. While interviewing, the respondents were also
enquired about their competitors. Through this technique, TechSci Research was
able to include manufacturers that could not be identified due to the
limitations of secondary research. Moreover, TechSci Research analyzed various
end user segments and projected a positive outlook for United States furnace
filters market over the coming years.
TechSci Research calculated the size for United States furnace filters
market using a bottom-up approach, wherein manufacturers’ value sales data for
standard applications (Household, Offices and restaurants) was recorded and
forecast for the future years. TechSci Research sourced these values from
industry experts and company representatives and externally validated through
analyzing historical sales data of respective manufacturers to arrive at the
overall market size. Various secondary sources such as World Bank, Government
of United States Construction Statistics, United States Mortgage and Housing
Corporation, Alberta Hotel & Lodging Association, US EPA, company annual
reports, white papers, investor presentations and financial reports were also studied
by TechSci Research.
Key
Target Audience:
- Furnace filter manufacturers,
distributors and other stakeholders
- Major end users of furnace
filters
- Government bodies such
as regulating authorities and policy makers
- Market research and
consulting firms
The study is useful in providing answers to several critical questions
that are important for industry stakeholders, such as furnace filter manufacturers,
customers and policymakers. The report also provides useful insights about
which market segments should be targeted over the coming years in order to
strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, United States furnace filters market has been segmented
into following categories, in addition to the industry trends which have also
been detailed below:
- Market, By Filters Category:
- Market, By Filters
Type:
- Polyester Filters
- HEPA Filters
- Fiberglass Filters
- Others
- Market, By End Use:
- Residential
- Non-Residential
- Market, By Geography:
- North-East
- Mid-West
- West
- South
Competitive Landscape
Company Benchmarking: Benchmarking of leading 10 players on the basis of filter type.
Company Profiles: Detailed analysis of major companies operating in United States furnace
filters market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. Following customization options are
available for the report:
Channel Partner Analysis
- Detailed list of
distributors and dealers across all the regions.
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Customer Profiling
List of major customers