Industrial Filtration Market:
Growth opportunities in the industrial filtration market look promising over the next six years. This is mainly due to the strict government regulation for the environment, rising demand for a safe working environment in industrial facilities, and rapid industrialization and urbanization.
Industrial Filtration Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The factors supporting the growth of the global industrial filtration market are the government’s stringent regulations, increasing urbanization and industrialization, and growing demand for a safe working environment. Along with the rapid industrialization, sustaining a safe and secure working environment inside industries, largely at the time of manufacturing, is very important. This is because an unsafe working environment disturbs the worker’s health and also creates environmental pollution. The manufacturing sector exhibits the largest amount of CO2, increasing the greenhouse effects. Therefore, a safe working environment with clean energy, technology, and enhanced resources is considered very important as it reduces air, water pollution, waste generation and minimizes the chemical risk.
Moreover, it reduces water, air pollution, and waste generation and minimizes the risk of chemicals. Industrial filtration helps to filter a broad range of products in different industries such as chemicals, automotive, petrochemical, and consumer goods and aids in enhancing the production yield, thus protecting the environment from unnecessary pollution. Therefore, the need for a safe and secure working environment within industrial boosts the market’s growth.
Type Segment Drivers
Based on type, the industrial filtration market is segmented into liquid and air filtration. The liquid is expected to witness a higher CAGR during the forecast period. Liquid filtration enables filtration systems to get rid of solid particles from the fluid stream. Liquid filtration helps keep the pipeline pollutant-free while managing the industrial process and aids in adhering the government regulation related to environmental pollution control, thereby fuelling market growth.
Regional Drivers
On the basis of regional coverage, Asia Pacific is anticipated to expand at a faster CAGR over the forecast period because of the fast industrialization and urbanization in this region. Also, the entry of multiple pharmaceutical companies experienced by this region will further boost the demand for the industrial filtration market.
Industrial Filtration Market’s leading Manufacturers:
- Babcock & Wilcox Enterprises, Inc.
- Freudenberg Group
- Ahlstrom-Munksjö Oyj
- Danaher Corporation
- Donaldson Company, Inc.
- Lenntech B.V.
- Filtration Group
- Eaton Corporation Plc
- Parker Hannifin Corporation
- Alfa Laval Inc
Industrial Filtration Market Segmentation:
Segmentation by Type:
- Liquid
- Technology
- Pressure Filtration
- Centrifugal Filtration
- Gravy Filtration
- Vacuum Filtration
- Others
- Air
- Technology
- Mechanical
- Electronic
- Gas Phase
Segmentation by Product:
- Pressure Filtration
- Centrifugal Filtration
- Gravity Filtration
- Vacuum Filtration
- HEPA
- ULPA
- Electrostatic Precipitator
- Others
Segmentation by Filter Media:
- Metal
- Activated Carbon/Charcoal
- Fiber Glass
- Filter Paper
- Non-Woven & Synthetic Fabric
Segmentation by Industry:
- Manufacturing
- Power Generation
- Oil & Gas
- Pharmaceuticals
- Metals & Mining
- Process Industry
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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