The filters market in Europe is expected to reach a projected revenue of US$ 25,752.8 million by 2030. A compound annual growth rate of 3.8% is expected of Europe filters market from 2022 to 2030.
The Europe filters market generated a revenue of USD 18,449.1 million in 2021.
The market is expected to grow at a CAGR of 3.8% from 2022 to 2030.
In terms of segment, ice filters was the largest revenue generating type in 2021.
Air Filters is the most lucrative type segment registering the fastest growth during the forecast period.
Country-wise, Russia is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
Market revenue in 2021
USD 18,449.1 million
Market revenue in 2030
USD 25,752.8 million
Growth rate
3.8% (CAGR from 2021 to 2030)
Largest segment
Ice filters
Fastest growing segment
Air Filters
Historical data covered
2018 - 2020
Base year for estimation
2021
Forecast period covered
2022 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Fluid Filters, ICE Filters, Air Filters
Other key industry trends
In terms of revenue, Europe region accounted for 25.5% of the global filters market in 2021.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 54,382.5 million by 2030.
The filters market in Europe is expected to witness a steady growth owing to the strict emission standards set by the European Union. Growth in the number of polluting industries, such as the cement industry, food & beverage, metal processing, and pharmaceutical industry in the country, is likely to promote the need for the implementation of filtration processes to eliminate the pollutants from entering the environment.
Increasing the use of filtration equipment in the region is likely to promote the growth of the filters market over the forecast period.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Filters Market Outlook will help companies and investors design strategic landscapes.
Ice Filters was the largest segment with a revenue share of 42.44% in 2021.
Horizon Databook has segmented the Europe filters market based on fluid filters, ice filters, air filters covering the revenue growth of each sub-segment from 2018 to 2030.
The filters market in Europe is expected to witness a steady growth owing to the strict emission standards set by the European Union. Growth in the number of polluting industries, such as the cement industry, food & beverage, metal processing, and pharmaceutical industry in the country, is likely to promote the need for the implementation of filtration processes to eliminate the pollutants from entering the environment.
Increasing the use of filtration equipment in the region is likely to promote the growth of the filters market over the forecast period.
Europe Filters Market Type Outlook (Revenue, USD Million , 2021-2033)
Fluid Filters
ICE Filters
Air Filters
Europe Filters Market Application Outlook (Revenue, USD Million , 2021-2033)
Motor vehicle
Consumers applications
Utilities
Industrial & manufacturing
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Filters Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Filters Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.