United States Furnace Filters Market Size, Share & Forecast 2025

1. PUBLISHED: OCTOBER 2020 2015 – 2025 UNITED STATES FURNACE FILTERS MARKET FORECAST AND OPPORTUNITIES www.techsciresearch.com M A R K E T I N T E L L I G E N C E . C O N S U L T I N G

2. Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on United States Furnace Filters Market 4. Analyst View 5. United States Furnace Filters Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.1.2. By Volume 5.2. Market Share & Forecast 5.2.1. By Filters Category (Cleanable & Non-Cleanable) 5.2.2. By Filters Type (Fiberglass Filters, HEPA Filters, Pleated Filters & Others) 5.2.3. By End Use (Residential & Non-Residential) 5.2.4. By Region 5.2.5. By Company (2019) 5.3. Market Map 5.3.1. By Filters Category 5.3.2. By Filters Type 5.3.3. By End Use 5.3.4. By Region 6. Market Dynamics 6.1. Drivers 6.2. Challenges 2 © TechSci Research

3. Table of Contents S. No. Contents 7. Market Trends & Developments 8. Value Chain Analysis 9. Pricing Analysis 10. United States Economic Profile 11. Policy and Regulatory Landscape 12. Competitive Landscape 12.1. Competitive Benchmarking 12.2. Company Profiles 12.2.1. Honeywell International, Inc 12.2.2. Parker Hannifin Corporation 12.2.3. 3M Company 12.2.4. American Air Filter Company, Inc 12.2.5. Camfil USA Inc 12.2.6. Koch Filter Corporation 12.2.7. Precision Filtration Products 12.2.8. Tri-Dim Filter Corporation 12.2.9. Aeolus Filter Corporation 12.2.10. Smith Filter Corporation 13. Strategic Recommendations 14. TechSci Research – Awards and Recognition 15. TechSci Research – Partial List of Prestigious Clients in Infrastructure Industry 16. About Us & Disclaimer 3 © TechSci Research

4. PRODUCT OVERVIEW 4

5. Scope of Report Product of Interest (POI): Furnace Filters Furnace filters are meant to protect the blower from all sorts of air contaminants such as dust particles, hair, gunk, etc., by avoiding the contaminants from recirculating in the system. While furnace filters help to improve the quality of inside air (as they stop contaminants from being recirculated), there job is not to actually clean indoor air. Furnace filters are rated using the Minimum Efficiency Reporting Value (MERV). MERV ratings range between 1 and 20. The higher the rating the more particles the filters can remove. Market Segmentation BY FILTERS CATEGORY Non-Cleanable BY END USE Year Range Residential • • US FURNACE FILTERS US FURNACE FILTERS MARKET MARKET Non-Residential • Cleanable • Review Period 2015 – 2018 Base Year 2019 BY FILTERS TYPE BY REGION Estimated Year South • Fiberglass Filters • West • 2020 HEPA Filters • Mid West • Pleated Filters • Forecast Period North East • Others • 2021 – 2025 5 © TechSci Research

6. RESEARCH METHODOLOGY 6

7. Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation TechSci Research conducted interviews with industry experts and industry players for data collection and verification. The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc. to obtain qualitative and quantitative insights about US furnace filters market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. In-depth secondary research was conducted to determine top players in US furnace filters market, overall market size and segmental market share. In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire. List of industry players, distributors, and industry specialists was developed. Primary Research Desk Research Company Analysis Market Participants Key Strengths Product Differentiation ✓ ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ TechSci Internal Database LinkedIn ✓ Business Solution Actionable Insights Research & Intelligence Data Filter & Analysis ✓ Data Collection ✓ ✓ ✓ ✓ ✓ 7 © TechSci Research

8. Research Methodology Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading furnace filter manufacturers, and providers. We have also put through an exhaustive search of credible paid databases such as Business Week, Factiva, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of US furnace filters market. While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, to present the most accurate and precise information of the concerned industry. Sampling Technique: While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key Opinion Leaders (KOLs) in various furnace filter companies/dealers & distributors operating in US. KOLs based out of prominent furnace filters companies/dealers & distributors were interviewed to assess US furnace filters market. Sample Size: Type of Respondents No. of Respondents Mid to Senior Management, Sales Managers of furnace filters companies / Dealers & Distributors 70 Industry Experts 30 Total 100 8 © TechSci Research

9. Research Methodology Market Size Calculation Technique: Primary Research For the preparation of US furnace filters market report, bottom-up model has been used, which has been later cross validated by using top-down approach. TechSci Research interviewed senior managers and regional sales managers of the prominent furnace filters companies/dealers & distributors using Delphi technique for calculating US furnace filters market size. Respondents were also asked about the current and future growth rates, market share by filters category, by filters type, by end-use, and by region. All the information gathered was carefully analyzed, and data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the data. Primary Research – Few of the Manufacturing Companies and/or their Dealers Interviewed S. No. Names of Companies and/or their Dealers Interviewed 1. Honeywell International Inc. 2. Parker Hannifin Corporation 3. 3M Company 4. American Air Filter Company Inc. 5. Camfil USA Inc. 6. Koch Filter Corporation 7. Precision Filtration Products 9 © TechSci Research

10. Research Methodology Secondary Research: We have put through an exhaustive search of credible databases in addition to our internal database. Further analysis of credible publications, white papers, company annual reports, investor presentations, news articles, etc., was also done to cross validate the end findings derived from primary research. S. No. Few of the Secondary Sources/Associations 1. Company Websites 2. Industry Magazines 3. Company Annual Reports 4. World Bank 5. Industry Reports Forecasting Technique: The team has developed the forecast on the basis of econometric and judgemental analysis in addition to statistical techniques such as averaging and geometric mean. During primary research interview, questions regarding historical sales trend of furnace filters in the US were put forward. Respondents were asked about the current and future growth rates, and market share of furnace filters in the US. In order to forecast US furnace filters market, following forecast techniques were used: Time Series Analysis Econometric and Judgmental Analysis Moving Average • • • 10 © TechSci Research

11. Industry Brief According to TechSci Research report, “United States Furnace Filters Market By Filter Category (Cleanable & Non-Cleanable), By Filter Type (HEPA Filters, Pleated Filters & Others), By End Use (Residential & Non- Residential), Competition Forecast & Opportunities, 2015 – 2025”, 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. The Government of United States has mandated stringent regulations for efficient filtration of furnaces. For instance, US government provides for minimum energy performance standards (MEPS) for heating, ventilation, and air conditioning (HVAC) in commercial and residential buildings to effectively increase the energy efficiency, which has a positive impact on the country’s furnace filters market. Airborne diseases are the diseases that can be transmitted through air. Incidences of airborne diseases have been increasing significantly over time. Furnace filters are capable of filtering around 99.99% of airborne particles. Moreover, in October 2020, the US Centers for Disease Control (CDC) said that COVID-19 can be spread through aerosol, which is anticipated to drive the furnace filter market. Demand for cleanable furnace filter is increasing owing to the fact that they can be cleaned or washed after the filter is filled with dust or other particles and can be reused. The average price of cleanable furnace filter is higher than that of non cleanable filter. However, the life of cleanable furnace filter is way more than non-cleanable furnace filters which needs to be replaced every 30-90 days. Hence, cleanable furnace filters are profitable in the long run. The aforementioned factors are driving the furnace filters market in the US. “Non-residential end use dominated the market in 2019 and is expected to maintain its dominance throughout the forecast period. Moreover, non-residential end use is forecast to be the fastest growing end use segment during the forecast period. The extreme cold weather during winters in the United States results in higher demand for furnaces to provide heat and warmth especially in non-residential sector (including commercial and industrial) buildings, thereby boosting demand for furnace filters to ensure efficiency and performance of the filters throughout the year.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 11 © TechSci Research

12. Sample Data - Snapshot United States Furnace Filters Market Size, By Value (USD Billion) and By Volume (Million Units), 2015-2025F CAGR 2020-2025F By Value: xx% By Volume: xx% CAGR 2015-2019 By Value: xx% By Volume: xx% 2015 2016 2017 2018 Value (USD Billion) 2019 2020E 2021F 2022F 2023F 2024F 2025F Volume (Million Units) United States Furnace Filters Market Share, By Filters Category, By Value, 2015-2025F 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Non-Cleanable Cleanable United States Furnace Filters Market Share, By Filters Type, By Value, 2015-2025F 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 2015 2016 Pleated Filter 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F HEPA Filter Fiberglass Filters Others 12 © TechSci Research

13. Report Ordering Report Name: UNITED STATES FURNACE FILTERS MARKET FORECAST AND OPPORTUNITIES 2015 – 2025 Report Price License Type Price Electronic Access - Single User License $3450 Electronic Access - Multi-User License $4450 Custom Research License $8450 To View Sample OR Purchase Report 13 © TechSci Research

14. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports United States HVAC Market, 2015-2025 Global HVAC Chillers Market, 2015-2025 Global Air Filters Market, 2015-2025 United States Home Air Filters Market, 2015-2025 Canada Furnace Filters Market, 2013-2023 • • • • • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.