The global industrial filtration market is estimated
to expand at 6.73% CAGR during the forecast period. Industrial filtration is
used to remove solids from fluids in industries such as manufacturing, oil
& gas, power generation, pharmaceuticals, and so on. They key advantages of
using filters for industrial processes include asset and facility safety,
improved product quality, and extended equipment life. Regulatory compliance in
industries such as food & beverage and pharmaceuticals, among others has
resulted in the growth of the industrial filtration market. Industrial
filtration helps to improve reliability and safety of systems in various
industrial processes.
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The rising demand for industrial filtration is driven
by stringent regulatory compliance and focus on safe working environment. For
instance, food & beverage processors in US operate under stringent
regulations formulated by The Food and Drug Administration (FDA), Safe Quality
Foods (SQF), 3-A Sanitary Standards, Inc. (3-A), and so on. Asia-Pacific market
for industrial filtration is estimated to witness high growth during the
forecast period due to the rising investments in manufacturing & process
industries where filtration is required.
Industry
Segmentation
The industrial filtration market is segmented on the
basis of type, media, end-use industry, and region.
Based on type, the market is segmented into liquid
filters and air filters. Liquid filters segment dominated the industrial
filtration market due to rising for filtration of drinking water and treatment
of wastewater.
Based on media, the market is segmented as Fiber
Glass, Activated Charcoal/Carbon, Fiber Paper, Metal, Nonwoven Fabrics, and
Others.
Based on end-use industry, the market is segmented
into manufacturing, power generation, oil & gas, Pharmaceuticals, and
others.
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Regional
Outlook
Asia Pacific dominates the global industrial
filtration market and is expected to dominate during the forecast period. Need
for clean air facilities coupled with regulatory compliances is expected to
drive the industrial filtration market in the region. China is the largest
market for industrial filtration in Asia Pacific. The investments in
manufacturing sector is expected to drive the industrial filtration market in
China. The other countries such as India and Japan are estimated to be the key
countries for the growth of industrial filtration market in Asia Pacific
region. These countries are investing in power, oil & gas, and
pharmaceutical industries in order to advance their economic growth, which in
turn is expected to drive the industrial filtration market in Asia Pacific.
Leading
Players
The key players of the global industrial filtration
market are Cummins Filtration (US), Pall Corporation (US), Parker Hannifin
(US), Mann+Hummel (US), Donaldson (US), 3M (US), Eaton (Ireland), Alfa Laval
(Sweden), Parker Hannifin (US), Freudenberg Group (Germany), Lenntech (The Netherlands), and Camfil (Sweden).
Scope
of the Report
This research report provides insights into various
levels of analysis, such as industry analysis and market share analysis for the
leading industry competitors, along with their profiles. It also helps in
studying the target segments by providing views on the emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios and strategies in the global Industrial Filtration
market, including high-growth regions and/or countries, and political and
economic environments. The project report, further provides both – historical
market values and pricing & cost analysis
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