Furnace Filter Market - Overview
Furnace filter is a device attached to the furnace that protects the blower fan and other components from all kinds of dust, dirt, and debris from the air stream which passes through an HVAC system. By keeping such particles out of the furnace, furnace filters not only help in extending the life of the furnace motor and other components, but also improve the quality of the indoor air. While purchasing a furnace filter, MERV and MPR ratings should always be considered. MERV stands for minimum efficiency reporting value. It is a universal standard used to compare one furnace filter's efficiency with another's. MERV ratings range from 1 to 16. The higher the rating, the more number of particles the furnace filter can remove. MPR stands for microparticle performance rating that measures how efficient an air filter is in capturing particles between 0.3 and 1 micron in size, which make up 99% of the air's particulate matter.
Furnace Filter Market - Drivers and Restraints
The global furnace filter market is anticipated to grow at an exponential rate in the near future. Increasing consumer awareness regarding quality of indoor air is likely to boost the demand for furnace filters in the next few years. Increasing construction work across the globe is hampering the quality of air. This is expected to augment the demand for furnace filters. Additionally, surging incidence of air born allergies and diseases is expected to increase the demand for furnace filters during the forecast period. Furthermore, stringent emission rules set by various countries, especially the developed ones, is also projected to drive the adoption of furnace filters across the world. The emergence of e-commerce platforms has propelled the demand for furnace filters in the market. Many small and medium-sized manufacturers are using e-commerce platforms to increase their sales and reach out to larger base of customers. Less expensive furnace filters are available in the market, which are low in efficiency and cannot capture tiny dust particles. Furnace filters having higher efficiency are expensive and thus less affordable, which restraining the growth of furnace filter market.
Furnace Filter Market - Segmentation
The global furnace filter market can be segmented based on filter category, filter type, end-user, distribution channel, and geography. According to filter category, the global furnace filter market can be categorized into fixed and replaceable furnace filters. By type, the furnace filter market can be bifurcated into electrostatic, pleated, fiberglass, and High Efficiency Particulate (HEPA) filters. Electrostatically charged furnace filters are made from polyester or cotton fibers that are capable of tapping potentially harmful small particles. Another advantage of electrostatically charged furnace filters is that, they charge themselves when air passes through them. Pleated furnace filters are made from environment-friendly materials and help in trapping tiny particles such as mites and spores. Fiberglass furnace filters are widely used owing to their affordability. They help in capturing large dust particles from running through the furnace. Base on end-user, the global furnace filters can be segmented into residential, commercial, and industrial. Geographically, the global furnace filter market can be divided into Europe, North America, Asia Pacific, South America and Middle East.
Furnace Filter Market - Key Players
Prominent players operating in the global furnace filter market include Honeywell International, Inc. (the U.S.), Clarcor Air Filtration Products Inc. (the U.S.), 3M Company (the U.S.), American Air Filter Company, Inc. (the U.S.), Camfil USA Inc. (the U.S.), Koch Filter Corporation (the U.S.), Precision Filtration Products (the U.S.), Tri-Dim Filter Corporation (the U.S.), Aeolus Corp (the U.S.) and Smith Filter Corporation (the U.S.). Players contest with each other with respect to new technological advancements, product designs, etc. in order to attain competitive edge in the market.
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1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
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