Global filtration and contamination Control market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.8% during the forecast period.
Global Filtration and Contamination Control Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Market Definition
Filtration and contamination control is the process which is widely used in the automotive and manufacturing industry to improve efficiency of the equipment by reducing the level of contamination in fuels or liquids.
Market Dynamics
A surge in the adoption of filtration and contamination technology and products in various industries to improve equipment’s efficiency, to reduce operational costs and to increase the service life cycle of the industrial machineries is the major driving factor behind the growth of the market. Growing demand for pure fuels with low impurities, increasing requirement for high performance and high efficient products, rising industrialization and manufacturing output across the globe, escalating adoption of stringent environmental regulations, rising demand of filtration and contamination products from off-road on and -road applications and increased demand for advanced factory processes and mechanical equipments are expected to improve growth of the market during the forecast period.
Nevertheless, ever-changing costs of raw materials and rise in demand for electric vehicles are major restraining factors that could hamper the growth of the market.
Global Filtration and Contamination Control Market: Segmentation Analysis
By filtration type, liquid filtration segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. A surge in the adoption of liquid filtration technology and equipment in the industries such as in process industries like pulp and paper, mobile engines, power generation and petrochemical and chemical refineries to reduce the amount of contamination in the industrial fuels or liquids is accredited to the growth of the market. Rapidly growing market for these industries in emerging economies such as India, China, Saudi Arabia, and Brazil is further likely to expand the liquid filtration market during the forecast period. In addition, liquid filtration technology provides some benefits such as reduced process downtime, eliminated or reduced waste disposal costs, reduced maintenance expense and time and improved product quality which are ultimately making more demand of liquid filtration products in the market.
Global Filtration and Contamination Control Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is expected to continue its dominance at a CAGR of XX% during the forecast period. The US and Canada are the major key contributors behind the growth of the market. The growth is attributed to the high adoption of filtration and contamination control technology in various industries such as oil and gas, marine and mining, construction, agriculture and many others.
Massive presence of various leading filtration and contamination control equipment manufacturers across the region, growing adoption of highly efficient industrial products, rising significance of filtration and contamination control for aerospace hydraulic systems and ongoing advancements in contamination control technology and products are driving the growth of the market in NA region.
The objective of the report is to present a comprehensive analysis of the Global Filtration and Contamination Control Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Filtration and Contamination Control Market dynamics, structure by analyzing the market segments and projects the Global Filtration and Contamination Control Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Filtration and Contamination Control Market make the report investor’s guide.
Scope of Global Filtration and Contamination Control Market
Global Filtration and Contamination Control Market, By Filtration Type
• Liquid Filtration
• Air Filtration
Global Filtration and Contamination Control Market, By Application
• Engine
On Road
Agriculture
Construction
Mining and Marine
• Industrial
Industrial Machinery
Oil & Gas
Aerospace
Gas Turbine
Power Generation
Others
Global Filtration and Contamination Control Market, By Region
• North America
US
Canada
• Europe
UK
France
Germany
Italy
Spain
Norway
Russia
• Asia Pacific
China
India
Japan
South Korea
Australia
Malaysia
Indonesia
• South America
Brazil
Mexico
Argentina
• Middle East and Africa
Global Filtration and Contamination Control Market, Key Players
• MANN+HUMMEL Holding GmbH
• Donaldson Company, Inc
• Cummins Inc
• Parker-Hannifin Corp
• Pall Corporation
• Clarcor Inc
• Filtration Group Corporation
• Eaton Corporation plc
• HYDAC International GmbH
• CECO Environmental Corp
• American Air Filter Company, Inc
• Bry-Air (Asia) Private Limited
• Camfil
• The Lee Company
• Filtermist International Limited
• Exxon Mobil Corporation
• Sprint Engineering & Lubricants Limited
• XX
• XX
