Industrial Filtration - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Industrial Filtration Market is accounted for $29.52 billion in 2020 and is expected to reach $58.35 billion by 2028 growing at a CAGR of 8.9% during the forecast period. The need for a safe working environment in industrial facilities and government support policies for environmental protection are driving the market growth. However, the unfavorable economic condition may hamper the market growth.
Industrial filtration is a process of cleaning and treating different industrial oils, gases, lubricants, and water. The main purpose of industrial filtration is to protect machinery, human life, and the environment from hazardous substances. Industrial filters are designed for specific tasks, system properties, and operating conditions. Industrial filters are used in various industrial sectors such as in the paper industry, power plants, and the automotive industry.
Based on the type, the liquid filter segment is going to have lucrative growth during the forecast period due to the increasing demand for liquid filtration systems for zero-emission and zero discharge from manufacturing and other industries. Also, the adoption of advanced equipment in the water and wastewater treatment industry is likely to push the liquid filtrations systems.
By geography, North America is going to have high growth during the forecast period due to the emission regulations accompanied by the need for clean indoor air facilities and the growth in manufacturing, power generation, oil & gas, and food & beverage industries has a substantial influence on the economic development of the countries in the region.
Some of the key players profiled in the Industrial Filtration Market include Ahlstrom-Munksjö, Alfa Laval, Camfil, Cummins Inc, Donaldson Company, Eaton, Filtration Group Corporation, Freudenberg Group, Lenntech B.V., MANN+HUMMEL, Pall Corporation, Parker Hannifin Corp, and Sidco Filter Corporation.
Estimated Market Size in 2020:
USD 29.52 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 58.35 billion
Tables, Graphs & Figures
Type, Function, Nature, Source, Product, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Filter Medias Covered:
• Activated Carbon/Charcoal
• Fiber Glass
• Filter Paper
• Non-Woven & Synthetic Fabric
• Combination Filters
• Air & Gas Filter
• Liquid Filter
• Other Types
• Food & Beverage
• Semiconductors & Electronics
• Chemicals & Petrochemicals
• Paper & Paints
• Pulp Industry & Woodworking
• Machinery & Equipment
End Users Covered:
• Power Generation Plants
• Oil & Gas
• Healthcare & Pharmaceuticals
• Metal & Mining
• Process Industry
• Energy & Petroleum
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Industrial Filtration Market is majorly driven by increasing industrialization activities and increasing funding for industrial filtration startups, and development of new products with advanced technologies.
The liquid segment is growing at a highest CAGR owing to the increase in demand for zero discharge & zero-emission from manufacturing and public utilities.
North America dominated with a significant market share owing to the presence of large oil and gas manufacturers and pharmaceutical companies.
Asia Pacific market is growing at a highest CAGR owing to the presence of the electronic industry hub and high adoption of industrial filters in APAC countries such as China, Japan, India.
Key players in Industrial Filtration Market include Ahlstrom-Munksjö, Alfa Laval, Camfil, Cummins Inc, Donaldson Company, Eaton, Filtration Group Corporation, Freudenberg Group, Lenntech B.V., MANN+HUMMEL, Pall Corporation, Parker Hannifin Corp, and Sidco Filter Corporation.
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