Germany held the highest share of the Europe industrial air filtration market in 2015 and it is estimated to exhibit substantial growth rate owing to the rising number of metal processing and food & beverages industry over the forecast timeline.
Sellbyville, DE -- (SBWIRE) -- 12/07/2018 -- Europe Industrial Air Filtration Market size is set to exceed USD 1.85 billion by 2022. Driven by stringent safety and health regulations such as the Euro VI associated with the emission limits of the vehicle the Europe industrial air filtration market is anticipated to grow over the forecast timeline. The sectoral directive with IPPC (Integrated Pollution Prevention and Control) has setup the emission limit standards for large combustion plants to reduce air pollution.
European government guidelines to curb the emission of greenhouse gases and minimize water and soil pollution and the development of manufacturing industries is anticipated to propel the Europe industrial air filtration market.
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Germany held the highest share of the Europe industrial air filtration market in 2015 and it is estimated to exhibit substantial growth rate owing to the rising number of metal processing and food & beverages industry over the forecast timeline. Moreover, players operating in the country are focusing on cutting-down the manufacturing costs instigating the high demand across the region.
Industrial air filtration finds application in Cement, Pharmaceuticals, Power, Metals, and Food & Beverages sectors. Food & Beverages as well as metal industries, which made significant contributions to the overall revenue of Europe industrial air filtration market in 2014, are predicted to witness high growth trends over the coming timeframe, owing to rising concerns about sanitation norms, food handling rules, and cross contamination in Europe. Furthermore, implementation of strict rules to control dust emissions in the atmosphere is expected to drive the demand for air filtration systems in food & metal industries. Europe industrial air filtration market size, which accounted over 12% of the global revenue in 2014, is expected to grow at a rate of 7.6% over the period of 2015-2022.
Europe Industrial Air Filtration Market By product
Europe Industrial Air Filtration Market By Application
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Food & beverage industry is forecast grow at a CAGR of over 8% over the next eight years. This growth is attributed to the rising concerns regarding the cross contamination, sanitary regulations, and food handling regulations. Italy is likely to reach over USD 320 million by 2022 due to the booming pharmaceutical industries in the region. Moreover, rising research and development activities in the region to provide long lasting and cost-effective products will propel the Europe market growth.
Industrial procedures comprise complex operations and use a large number of chemical compounds, which are highly toxic in nature. The usage of such hazardous substances results in particulates, gases, mists, and vapors at the workplace that hampers the health of the workforce. Such safety concerns have led to increasing adoption of the advanced solutions driving the Europe air filtration market size.
Major industrial air filtration products include HEPA filters, cartridge collectors, baghouse filters, dust collectors, and mist collectors. HEPA filters market share is projected to surpass USD 450 million by 2022. It finds wide application in pharmaceutical and food & beverage sectors owing to the ability to improve indoor air quality and prevent the growth of air-borne microorganisms. Mist filters market is projected to record a CAGR of 8.1% over the coming six years owing to its use in removing oil mist, vapor, and fume during food & beverages processing. Dust collectors market, which contributed over 20% of the global revenue in 2014, is expected to record a CAGR of 7.8% over 2015-2022, owing to its low operating costs and efficiency. It helps in maintaining health & safety of the industrial workers and improves the air quality of the manufacturing units.
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The industry is predicted to witness high competition over the timeframe with few of the major players expected to adopt mergers & acquisitions as a key business strategy to improve their market share. Key industry players include Clarcor Filtration Company, Cummins Filtration, Pall Corporation, Donaldson Company, and SPX Corporation.