Industrial Filtration System Market
Overview
The reports published by Market Research
Future (MRFR) reveals that the Global
Industrial Filtration Market has been estimated to develop at 6.73%
CAGR over the forecast period. Additionally, they require lower maintenance
expense and time, reduce process downtime, and enhance quality of the product.
These aspects are likely to boost the growth of Industrial Filtration System Market over
the forecast period. Filtration
is the method in which solid particles existing in a suspension are separated
from the gas or liquid employing a porous medium. The medium keeps the solids
but lets the fluid to flow out. The presence of solids in a fluid affects the
filtration process to a large extent. When the proportion of solids in a liquid
is less, the process is referred to as clarification.
Clarification
is a common phenomenon which is extensively employed in the making of bulk
drugs, liquid oral formulations, along with sterile products. The suspension
that needs to be filtered has been termed as slurry. Filter medium is the
porous medium mostly used to retain the solids after the filtration process.
After filtration is done, the solids that have accumulated on the filter are
addressed as filter cake. The clear liquid moving through the filter is
referred to as filtrate. When such filtration techniques are applied in the
industrial backdrop, it is referred to as industrial filtration. Industrial
filtration finds wide application in eliminating contaminations and other
impurities. Industrial filters are largely used for applications such as
treating and cleaning lubricants, gases, water, and industrial oils. Filters
curtail costs related to waste disposal.
Industrial Filtration System Market
Segmentation
Industrial Filtration market has been segmented based
on media, type, region, and end-use industry.
Based on media, industrial filtration market has been
segmented into Activated Charcoal/Carbon, Fiber Glass, Nonwoven Fabrics, Metal,
Fiber Paper, and others. Non-woven fabrics segment is estimated to develop at
fastest CAGR. These fabric filters are fire-resistant, water-resistant,
durable, and reusable compared to other media.
Based on type, the market has been segmented into air
filters and liquid filters. Among these, air filters segment has been projected
to lead the market owing to their wide application in automotive sectors.
Based on end-use, the industrial filtration market has
been segmented as power generation, pharmaceutical, manufacturing, oil and gas,
and others. Manufacturing segment has been expected to hold the key share of
the market over the forecast period on account of the rising investments in
this sector across the globe. In food & beverage sector, filters are used
for purification of products and preparation of ingredients. So, the growing
standard of living along with increasing population has been estimated to drive
the growth of food & beverage sector, which in turn results in the
expansion of industrial filtration market in manufacturing segment.
Regional Analysis
Asia
Pacific has been dominating the global industrial filtration market and is
likely to continue over the forecast period. The demand for clean air
facilities along with regulatory compliances is estimated to propel the
industrial filtration market in the region. In the APAC region, China
represents the largest market for industrial filtration. The investments in
manufacturing sector is estimated to fuel the industrial filtration market in
China. Countries such as Japan and India are projected to be the key economies
for driving the growth of industrial filtration market in the Asia Pacific
region. These countries are spending in pharmaceutical industries and power,
oil & gas industries. The investments are made keeping in mind the
development of the economy, which in turn is likely to boost the industrial
filtration market in Asia Pacific.
Key Players
The
global industrial filtration market has been dominated by key players such as
Pall Corporation (US), Cummins Filtration (US), Mann+Hummel (US), Parker
Hannifin (US), 3M (US), Donaldson (US), Alfa Laval (Sweden), Eaton (Ireland),
Lenntech (The Netherlands), Camfil (Sweden), and Freudenberg Group
(Germany).
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