Germany to stimulate Europe industrial air filtration market growth over 2015-2022
Publisher : Fractovia | Published Date : 2016-12-15Request Sample
Rapid industrial development along with strict implementation of food safety norms to prevent health hazards are expected to boost to Europe industrial air filtration market growth. Introduction of high performing as well as technologically advanced media filters is expected to drive the industry trends over the coming years. According to Global Market Insights, Inc., “Europe Industrial Air Filtration market share worth USD 1 billion in 2014, is projected to surpass USD 1.89 billion by 2022, registering a CAGR of 7.9% over 2015-2022.” Growing demand for high performing devices that help in reducing greenhouse gas emissions as well as energy consumption is anticipated to favor the market trends in the near future.
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.
Germany industrial air filtration market size by application, 2012 - 2022 (USD Million)
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.
Germany industrial air filtration market, which contributed significantly towards the global revenue in 2014, is expected to surpass USD 400 million by 2022. Increase in R&D activities in food & beverages sector coupled with a significant rise in metal processing industries in Germany is expected to boost the demand for air filtration systems over the coming years. UK industrial air filtration industry is anticipated to record highest gains of 7.5% over 2015-2022 due to growing awareness about air pollution among consumers along with rise in gross income of the population. Every year, nearly 29000 deaths occur due to air pollution in UK. France, Turkey, and Italy are also predicted to contribute significantly towards the regional share over the timeframe.
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.
