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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