Europe Industrial Air Filtration Market share to hit $1.85bn by 2022

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Europe Industrial Air Filtration Market based
Dust collectors sector to witness growth of 7.5
up to 2022 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Europe Industrial Air
Filtration Market

• Europe Industrial Air Filtration Market size is
  set to exceed USD 1.85 billion by 2022 according
  to a new research report by Global Market
  Insights, Inc.
• 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.
• The formulation of EN 7792011, a standard for
  specific air filters which is expected to
  eliminate filter performance issues may provide
  attractive growth prospects. 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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Continued...

• 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.
• This equipment supports energy management by
  minimizing the energy consumption levels. In
  addition, it removes different air-borne
  contaminants at multiple production levels
  coupled with its capability to eliminate oil
  vapor, odors, and dust particles which is
  projected to boost Europe industrial air
  filtration market size.

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Continued

• Dust collectors are set to grow at a CAGR of over
  7.5 from 2012 to 2022, HEPA filter accounted for
  the highest industry share in 2015 and is
  expected to reach over USD 450 million by 2022
  due to its extremely efficient collection volume
  of submicron particulate matter.
• 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.
• 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.

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Continued

• Industry players operating across the boom trucks
  market include Manitex International, Elliott
  Equipment Company, Palfinger, Manitowoc, etc.
  Manufacturers are focusing on upgrading the
  equipment to better meet the changing demand
  across the industry verticals such as utility and
  telecom. Moreover, frequent mergers and
  acquisitions have become the prominent expansion
  strategy. For example, in 2015 Manitex acquired
  PM Group to expand its product portfolio with the
  addition of knuckle boom trucks. Furthermore, in
  November 2016, the company revealed its new
  28-meter telescopic truck mounted platform, the
  P-280B on a 3.5-ton Euro 6 framework.

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