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.
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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