North America will Continue as Key Region for HVAC Filters Market

Tue, 22 September 2020 7:21

The Electrostatic air filters use an electrostatic charge to attract dust and airborne particles with the help of a magnet. It further helps in preventing it from being diffused or spreading in households. Some of these filters are washable and, therefore, can be reused again and again while some are not washable.

Electrostatic filters are way better at filtering allergens as compared to the pleated filters. While operational or in use, the electrostatic filter uses small cotton and paper fibers to generate a static charge. This charge attracts the smallest airborne particles, such as a magnet, obstructing them from circulating throughout the house. As mentioned earlier, these electrostatic HVAC filters come in disposable or washable types and are more expensive than fiberglass or a pleated filter.

The evergrowing travel and tourist industry in the UAE is offering alluring opportunities for HVAC electronics thereby boosting the demand for HVAC filters

The middle east region is home to one of the biggest tourism sectors. In the past decade, the middle east has witnessed a massive increase in the tourism industry. According to the UNWTO World Tourism Barometer, the international tourist arrivals grew six percent in the year 2018 that is almost as many tourists as 1.4 billion. The middle east accounted for the highest tourist’s arrival with 64 million. The growth of tourism in recent years confirms that the sector is today one of the most powerful drivers of economic growth and development.

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The direct contribution of the travel and tourism sector to the UAE’s GDP in 2016 was USD 18.7 billion which is equal to 5.2 percent of the total GDP. In 2016, the direct contribution of the travel and tourism sector to the UAE’s GDP was AED 68.5 billion (USD 18.7 billion) which is equivalent to 5.2 percent of the total GDP. According to the United Arab Emirates Government Portal stated that It is anticipated to rise by 5.1 percent per annum from 2017 to 2027 to USD 31.6 billion. The total investment made in the travel and tourism sector in 2017 was USD 7.1 billion.

The rise in the tourism sector has opened up opportunities for more hotels and restaurants. As a result, there is an escalating demand for HVAC electronics in the industry and consequently, it is bolstering the HVAC filters market.

North American

The construction sector in the U.S. has been witnessing tremendous growth. Mergers, acquisitions, and new large-scale projects are likely to position this sector on a high growth trajectory in the coming years. As per data by the Associated General Contractors of America (AGC), the U.S. construction industry employs around 7 million people and creates nearly USD 1.35 trillion worth of projects every year. For instance, the LaGuardia airport construction, an ongoing project in Queens, New York, is estimated to cost USD 8 Billion and be completed in 2022. Such developments create growth avenues for HVAC systems, thereby creating opportunities for HVAC filters market due to their widespread use in the building and construction sector.

There are several significant players of HVAC filters in the industry. Some of the prominent ones are Camfil AB, MANN+HUMMEL GmbH, Filtration Group Corporation, Donaldson Company, Inc., and 3M Company.

HVAC Filters Market: Regions Covered

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • The U.K.
  • Spain
  • Russia
  • Poland
  • The Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Vietnam
  • Indonesia
  • Malaysia
  • Singapore
  • The Rest of APAC

Central and South America and the Caribbean

  • Brazil
  • Argentina
  • Colombia
  • Rest of Central and South America and the Caribbean

The Middle East and Africa

  • Saudi Arabia
  • The UAE
  • Iran
  • Kuwait
  • Tanzania
  • South Africa
  • The Rest of MEA

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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