Europe Industrial Air Filtration Market Analysis By 2022 Growth Drivers & Regional Statistics
Based on the product trends, Europe industrial air filtration market is segmented into HEPA filters, mist collectors, cartridge collectors & filters, dust collectors, and baghouse filters. HEPA filters, which dominated the product landscape in 2015, are projected to hit USD 450 million by 2022. The ability of these filters to dispose hazardous materials, pollens, and dust particles as well as toxins from the atmosphere is predicted to promote the growth.
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The dust collectors market is forecast to grow at a rate of 7.5% over the coming timeframe, driven by beneficial traits such as low operating costs, minimum maintenance needs, and ability to ensure employee health & safety. Baghouse filters are predicted to contribute substantially towards Europe industrial air filtration market share over the coming five years, owing to cost efficiency, flexibility, versatility, and its capacity to capture minute particulate matter.
High preference for energy efficient air filtration technologies along with strict emission norms will push Europe industrial air filtration market trends. Furthermore, the growing popularity of eco-friendly air filters, due to its ability to minimize the health risks for the industrial workers, is projected to open new vistas for the industry over the coming years.
Europe Industrial Air Filtration Market is forecast to record a CAGR of 7.9% over the period of 2015 to 2022. High demand across commercial as well as residential sectors will offer lucrative avenues for Europe industrial air filtration industry. In addition to this, rapid industrialization has resulted in the expansion of many new ventures, thereby benefitting the industry.
Industrial air filters find their applications across cement, pharmaceuticals, food & beverages, power, and metals sectors. Food & beverages sector is anticipated to contribute remarkably towards the Europe industrial air filtration industry share over the coming five years. High apprehensions over cross contamination, food handling legislations, and sanitary rules are anticipated to be the major driving factors. Europe industrial air filtration market size in metal applications is projected to account for nearly 22% of the overall revenue over the coming timeframe. Escalating need for healthy working conditions in the firms and the high necessity to maintain the humidity equilibrium will foster the growth.
Germany, which accounted for a major portion of Europe industrial air filtration industry share, is projected to show an extensive growth over the coming years. Rapidly expanding food & beverages sector and the presence of a large number of metal processing units will nurture the growth.
European countries such as Turkey, Italy, and France are expected to contribute noticeably towards the industry size, through implementation of strict legislations for maintaining safe working conditions and promoting worker safety. In addition to this, growing awareness about the benefits derived from the use of pollution-reducing technologies will further drive the growth.
Market players are focusing on product innovation and increasing their R&D investments to grow their ROI. Key industry participants include Philips Electronics N.V., Camfil, Keller USA Incorporation, Good Life Incorporation, Ameripure Technologies, Electrocorp, Sentry Air Systems Incorporation, IQAir North America Incorporation, and HealthWay Home Products Incorporation.
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Some Point from Table of Contents:
Data Tables
TABLE1. Europe industrial air filtration industry 360° synopsis, 2012 - 2022
TABLE2. Europe industrial air filtration market, (USD Million), 2012 - 2022
TABLE3. Europe industrial air filtration industry by region, (USD Million), 2012 - 2022
TABLE4. Europe industrial air filtration market by product (USD Million), 2012 - 2022
TABLE5. Europe industrial air filtration market by application, (USD Million), 2012 - 2022
TABLE6. Growth Drivers
TABLE7. Industry pitfalls & challenges
TABLE8. Europe dust collectors demand, 2012 - 2022 (USD Million)
TABLE9. Europe dust collectors demand, by region, 2012 - 2022 (USD Million)
TABLE10. Europe mist collectors demand, 2012 - 2022 (USD Million)
TABLE11. Europe mist collectors demand, by region, 2012 - 2022 (USD Million)
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