Industry Overview
Europe industrial air filtration market size is forecast to reach
USD 1.69 billion by 2020, growing at a CAGR of over 7% from 2014 to
2020. The industry is expected to be primarily driven by the enforcement
of occupational health and safety regulations. Stringent government
norms are likely to spur the industry growth over the forecast period.
IPPC (Integrated Pollution Prevention and Control) with sectoral
directive has setup the emission limit standards for large combustion
plants to reduce air pollution.
The dust collectors market was valued at USD 219.7 million in 2013,
and is expected to reach USD 365.9 million by 2020 growing at an
estimated CAGR of 7.7% from 2014 to 2020. Several manufacturing
activities are focused on lean manufacturing and eliminating waste
within the manufacturing processes.
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The industrial air filtration industry is anticipated to experience
gains, owing to formulation of EN 779:2011, European standard for
specific air filters. The standard is likely to eradicate filter
performance issues. For instance, electrostatic charged synthetic
filters tend to discharge rapidly within few weeks of its operations,
and their ability to filter deteriorates substantially over time.
In addition, an efficient system helps in augmenting safety as well
as health aspects and thus aids in ensuring supply reliability. It also
facilitates in energy optimization by reducing energy consumption and
minimizing the risk of loss of production. Revenue from the power sector
was valued at USD 188.8 million in 2013, and is expected to reach USD
317.9 million by 2020, growing at an estimated CAGR of 7.9% from 2014 to
2020. The market is expected to witness considerable growth as air
filtration systems help handle toxic, hazardous, and radioactive gas
streams.
High cost involved in installation is projected to hamper the
industry growth over the forecast period. In addition, high maintenance
cost and energy consumption rate is expected to challenge the Europe
industrial air filtration market. HEPA filters are estimated to witness
significant growth owing to commercial benefits offered namely augmented
plant revenue, better yield, low labor as well as component cost. These
are also used in applications concerning biological, chemical and
radioactive material. Furthermore, mist collectors are projected to
provide potential opportunities owing to its unique property of
filtering dust and wet emission from food & bevrage and metals
industry.
Product Overview
HEPA filters were valued over USD 240 million in 2013. It is
estimated to witness highest growth owing to is large scale usages in
several applications requiring high collection efficiency of submicron
particulate matter. It is likely to grow at a CAGR of over 8% from 2014
to 2020.
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Baghouse Filters accounted for more than 22% of the overall market
share in 2013 and is expected to grow at a CARG of over 7.5% from 2014
to 2020. The growth can be attributed to its capacity to handle large
air volume as well as heavy dust loading capacity involved in cement
& food processing industries.
Application Overview
Metals sector was accounted for over 20% of the overall Europe
industrial air filtration market share in 2013. It is anticipated to
exceed USD 370 million by 2020, growing at CAGR of over 7.5% from 2014
to 2020. Surge in the sector can be addressed to air-borne suspensions
removal capability of the filter.
Food sector was valued over USD 220 million 2013. It is projected to
witness highest growth rate of around 8% from 2014 to 2020 due to
sanitary, cross contamination and food handling regulations in the
industry.
Regional Overview
Italy industrial air filtration market was valued over USD 170
million in 2013 and it is estimated to grow at over 7% from 2014 to
2020. It is likely to exhibit considerable growth owing to growing
pharmaceutical industries in the region.
Germany occupied the highest industry share in 2013. It is expected
to grow at a CAGR of 8.5% from 2014 to 2020. Spur in the region can be
addressed to flourishing use of dust collectors in metal processing
industry along with increasing HEPA filter use in food and beverage
industry.
Competitive Market Share
Europe industrial air filtration market share is highly
consolidated by top three industry participants accounting for more than
50% of the overall industry share in 2013. Donaldson Company Inc is
anticipated to hold key position owing to high R&D spend, sales, new
product development and marketing activities. Key industry players
include Clarcor Inc and Camfil among others.
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