NEW
YORK, May 14, 2024 /PRNewswire/ -- The
global industrial filtration market size is
estimated to grow by USD 11400.65 mn
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of 5.71% during the forecast
period.
For more insights on the forecast market size and
historic data (2018 - 2022) - Download
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Industrial
liquid filtration and Industrial air filtration), Application (Food
and beverage, Chemicals and petrochemicals, Power generation, and
Others), and Geography (North America, Europe, APAC, South America,
and Middle East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
3M Co., Alfa Laval AB,
Atmus Filtration Technologies Inc., Boll and Kirch Filterbau GmbH,
Camfil AB, Danaher Corp., Donaldson Co. Inc., DuPont de Nemours
Inc., Eaton Corp. Plc, Ecolab Inc., Entegris Inc., Filtration Group
Corp., Freudenberg and Co. KG, GEA Group AG, Graver Technologies
LLC, Hengst SE, Lenntech BV, MANN HUMMEL International GmbH and Co.
KG, Parker Hannifin Corp., Pentair Plc, Russell Finex Ltd., Siemens
AG, Synder Filtration Inc., and Xylem Inc.
|
Key Market Trends Fueling Growth
- The industrial filtration market encompasses various sectors,
including air filtration, petrochemicals, oil and gas, cement,
steel, textiles, fertilizers, paints and inks, chemicals,
electronics, mines and minerals, water treatment, and wastewater
treatment systems.
- Technological innovations play a pivotal role in enhancing
product offerings within this domain. For instance, advancements in
filtration technology have led to the development of optimized
fluid purifier systems, such as Eaton Corporation Plc's IFPM 33
mobile purifier, which efficiently removes contaminants from a wide
range of fluids in applications with high moisture content, like
marine, offshore, pulp and paper, and hydroelectric
power.
Market Challenges
- The regulatory landscape of industrial filtration is intricate,
encompassing a multitude of laws, regulations, standards, and
guidelines at the national, regional, and international
levels.
- Central to this environment are environmental regulations,
which aim to minimize pollution and conserve natural resources.
These regulations often impose restrictions on emissions, effluent
discharge, and waste generation, necessitating the implementation
of advanced filtration and treatment technologies for industries to
adhere to established standards.
- Health and safety regulations are equally crucial, mandating
the management of airborne contaminants and hazardous substances to
safeguard workers and communities from potential exposure
risks.
- The regulatory environment is continually evolving, with
frequent updates and revisions in response to emerging risks,
scientific advancements, and societal concerns.
- Compliance with these regulations entails substantial costs and
operational complexities for industries, necessitating investments
in sophisticated filtration technologies, monitoring systems, and
regulatory reporting mechanisms.
- The regulatory landscape also varies by jurisdiction, with
distinct standards, enforcement mechanisms, and regulatory
frameworks, posing challenges for multinational corporations
operating in multiple regions to ensure compliance, operational
efficiency, and competitiveness.
- These factors will hinder the expansion of the global
industrial filtration market during the forecast period.
The research report provides comprehensive data
on the impact of trends, drivers, and challenges - Buy
Report
Segment Overview
This industrial filtration market report extensively covers
market segmentation by
- Product
- 1.1 Industrial liquid filtration
- 1.2 Industrial air filtration
- Application
- 2.1 Food and beverage
- 2.2 Chemicals and petrochemicals
- 2.3 Power generation
- 2.4 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Industrial liquid filtration- The
industrial liquid filtration market is segmented into various
product categories, including filter media and filtration
equipment. Environmental concerns and the need to mitigate
contaminants and pollution have driven the growth of this market.
Industrial filtration plays a crucial role in various sectors, such
as chemicals & petrochemicals, power generation, oil and gas,
metals & mining, automotive, and water treatment. Filter media,
including Activated Carbon/Charcoal, Fiberglass, Filter Paper,
Metal, and Nonwoven Fabric, are essential components of filtration
systems. These media help remove dust particles, airborne
particles, and other impurities from liquids and gases.
Technologies like Ultrafiltration, Centrifugal filtration, Surface
filtration, Horizontal filtration, Cross-flow filtration, and Cake
filtration are used to achieve optimal filtration results. The
nonwoven segment and Activated carbon segment are gaining
popularity due to their high efficiency in removing contaminants.
Filtration equipment is used in various applications, such as
electrical equipment, wastewater treatment, and water filtration
systems. Air filtration is crucial in preventing airborne diseases
and ensuring the quality of renewable energy sources and power
plants. The Industrial Revolution led to the development of various
filtration techniques and equipment, such as Activated carbon
filters, air purifiers, water filters, and air conditioners. The
market is expected to grow further due to the increasing demand for
filtration systems in power plants, raw material processing, and
the shift towards renewable energy sources.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Industrial Filtration Market encompasses various filtration
solutions designed to address emissions in petroleum refineries and
petrochemical plants. Real-time monitoring systems ensure optimal
performance of filtration equipment, which includes Filter media
for removing Dust particles and Airborne particles.
Ultrafiltration, Centrifugal filtration, Surface filtration,
Horizontal filtration, Cross-flow filtration, and Cake filtration
are among the techniques employed. Electrical equipment and Air
filtration systems are integral components, ensuring the efficient
operation of Separation systems. Water filtration systems are
crucial for mitigating Airborne diseases and maintaining the
quality of crude oil, gasoline, diesel, jet fuel, and
petrochemicals. Filtration equipment, such as Activated carbon
filters, Air purifiers, Water filters, and Air conditioners, play a
vital role in enhancing industrial processes and safeguarding the
environment. The Industrial Revolution marked a significant shift
towards advanced filtration technologies, revolutionizing
industries and improving overall productivity.
Market Research Overview
The Industrial Filtration Market encompasses a wide range of
technologies and applications used to separate and purify fluids
and gases. These filtration systems play a crucial role in various
industries such as oil and gas, pharmaceuticals, food and beverage,
and water treatment. The market is driven by the increasing demand
for cleaner and more efficient production processes, stringent
regulations, and the growing awareness of the importance of water
and wastewater treatment. Technologies used in industrial
filtration include microfiltration, ultrafiltration,
nanofiltration, and reverse osmosis. The market is expected to grow
significantly due to the rising adoption of these technologies in
various end-use industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Industrial Liquid Filtration
- Industrial Air Filtration
- Application
-
- Food And Beverage
- Chemicals And Petrochemicals
- Power Generation
- Others
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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