USD 13.02 billion
Report ID:
SQMIC20C2093 |
Region:
Country |
Published Date: February, 2024
Pages:
248
|Tables:
64
|Figures:
66
EMEA Air Filters Market size was valued at USD 13.02 billion in 2019 and is poised to grow from USD 13.97 billion in 2023 to USD 25.97 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).
Heating, Ventilation, and Air Conditioning (HVAC) system uses air filters to remove solid airborne particles from the air and circulate clean air inside the space. It is specifically utilised in industrial, commercial, and residential applications, including clean rooms in processing plants, isolation wards, labs, automotive and chemical facilities, nuclear power plants, high-tech regions, and other settings with low or high dust presence. These filters are crucial for a comfortable and healthy indoor environment in addition to having a significant impact on how efficiently buildings and air handling systems use energy. They maintain healthy indoor air quality in order to protect people's health (IAQ). The internationally recognised standard technique for evaluating and classifying the most effective particle products is based on European test standards "EN 1822" and "ISO 29463." Sustainable building design is a developing trend. Governmental organisations that offer technical advice to air filter producers, such as the Federation of European Heating, Ventilation and Air Conditioning Associations (REHVA), EUROVENT, and others, strongly encourage it. Due to the growing awareness of a sustainable environment, the air filtration industry is also making the required efforts to address problems like contaminated indoor air. Manufacturers in Europe, the Middle East, and Africa are currently implementing a variety of air filtering procedures to remove the air pollutants that are known worldwide. Nanofiber technology, for instance, is one such method.
EMEA Air Filters Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.02 billion
Largest Segment
Mist filters
Fastest Growth
Mist filters
Growth Rate
7.3% CAGR
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The EMEA air filters market is segmented based on the type, end-user, and region. Based on the type, the EMEA air filters market is segmented as Cartridge filters, Dust Collector, HEPA filters, Baghouse filters. Based on the end-user, the EMEA Air Filters Market is segmented as residential, commercial, and industrial. Based on region, it is categorized into Europe and MEA.
EMEA Air Filters Market Analysis by Type
The air filters market is divided into mist filters, dust collectors, HEPA filters, baghouse filters, and cartridge filters based on type. Over the projected period, it is expected that the high-efficiency particulate air (HEPA) filter segment will expand significantly. It is the tool that captures dust particles of all sizes the most effectively. Currently, the aerospace sector uses HEPA filters primarily in aeroplane cabins. Additionally, it has the potential to draw particles using a sophisticated diffusion mechanism; as a result, it is anticipated to experience rapid expansion across a variety of applications, including those in the automotive, healthcare, residential, and commercial building sectors. Due to their capacity to manage extremely high dust loads in industrial applications, the dust collectors market category had the largest share in 2021. It is also projected that the mist collector, baghouse filter, and cartridge filter segments would drive market expansion. The dust produced during various production processes carried out in the mining, steel, and other industries, as well as the medical sector, is specifically removed by baghouse filters.
EMEA Air Filters Market Analysis by End-user
The market is divided into three categories based on the end user: residential, commercial, and industrial. The industrial sector currently owns the largest percentage of these. This filter reduces the likelihood of molecular contamination in this industry while assisting in the protection of delicate manufacturing processes. The medical and automotive sub-categories of the industrial segments are expected to drive market expansion. Due to the rising demand for high-quality indoor air, the residential and commercial segments account for a sizeable portion of the market (IAQ). According to Congressional Research Service (CRS), the total amount spent in Europe on new residential construction projects was close to USD 373.5 billion in 2018. In contrast, the Middle East's construction sector was shut down in 2020 until the third quarter due to various climatic issues and the Arab Spring.
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Based on geographic division, the EMEA air filters market is divided into two parts: Europe and the Middle East & Africa. Because of the contributions made by Germany, Italy, and Spain, market growth in Europe is anticipated to remain flat. The main drivers increasing the market in Europe are anticipated to be a number of government initiatives and strict laws and regulations. Growth would also be boosted by the UN framework to lower greenhouse gas emissions and the growing usage of nanofiber technology. One of the top producing nations of air filters in Europe is Germany. Manufacturers with substantial production facilities in Germany, including Mann+Hummel, AFE Airfilter Europe GmbH, and Freudenberg Filtration Technologies SE & Co. KG, are likely to drive the market's expansion. Additionally, it is anticipated that the escalating development in metropolitan regions would increase demand for healthcare goods that can lower the harmful impacts of obstructed airflow. Due to the increasing installation of high-efficiency particle air filters, baghouse filters, and dust collectors across the chemical, medical, gas turbine, and aerospace industries, the Middle East and Africa is predicted to have consistent expansion throughout the projection period. The majority of the Middle Eastern nations are dealing with problems like dust storms and excessively high temperatures, which will lead to a need for air purifiers.
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EMEA Air Filters Market Driver
Rapid Air Filter Installation in the Industrial Sector to Support Growth
EMEA Air Filters Market Restraint
High Maintenance Costs and Lack of Technicians to Limit Air Filters Market Growth
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The EMEA air filters market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
Top Players in the Global EMEA Air Filters Market
EMEA Air Filters Market Recent Developments
In September 2022, Equistone Partners Europe (“Equistone”) acquired a majority stake in SF-Filter AG, a leading European independent distribution platform for mobile and industrial filters.
In the first quarter of 2022 , Mann+Hummel has strengthened its presence in the North American indoor air filtration market by fully acquiring Pamlico Air.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our EMEA air filters Market Analysis, research report offers a thorough overview of the industry and focuses on important factors including the top players, sources, products, and applications. The research also identifies significant advancements in the industry and provides insights into market trends and the competitive environment. The study includes a number of aspects, in addition to those already mentioned, that have assisted in the market's expansion in recent years.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 13.02 billion |
Market size value in 2031 | USD 25.97 billion |
Growth Rate | 7.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the EMEA Air Filters Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the EMEA Air Filters Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the EMEA Air Filters Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the EMEA Air Filters Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIC20C2093
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