INDUSTRIAL FILTRATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global Industrial Filtration Market is estimated to be valued at USD 39.1 Billion in 2024 and is expected to reach USD 51.2 Billion by 2031, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Industrial filtration refers to the process of removing solid particulates or liquid droplets from an industrial gas or liquid. It is a critical process used across various industries such as oil & gas, power generation, mining, chemical & manufacturing to filter out contaminants from air, liquids, and gases. Filtration helps improve the quality of emissions, recycled water and oils, prolongs the life of machines, and ensures regulatory compliance. The global industrial filtration market has seen significant growth over the past decade due to stringent emission norms mandating higher filtration levels and increasing use of air filtration equipment in manufacturing facilities to provide workers with clean and healthy air.
Market Dynamics:
The global industrial filtration market is driven by stringent environmental regulations related to air and liquid emissions across process and manufacturing industries. Major industries such as oil & gas, power generation, chemicals, mining and food & beverage are mandated to meet strict particulate emission limits to reduce environmental pollution. This has significantly boosted demand for filtration equipment such as dust collectors, mist eliminators, filter press and baghouses. Meanwhile, rapid industrialization across Asia Pacific and Latin American countries is also propelling the installation of new filtration systems in various process plants. However, high capital and maintenance costs associated with industrial filters pose a challenge to market growth. Ongoing research to develop advanced, durable and efficient filtration media could create new opportunities in the coming years.
Key features of the study:
- This report provides in-depth analysis of the global industrial filtration market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global industrial filtration market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Pall Corporation, Mott Corporation, Aqseptance Group, Universal Filtration, Alfa Laval Inc., Donaldson Company, Inc., Freudenberg Filtration Technologies SE & Co. KG, Mann + Hummel, Parker Hannifin Corp., Filtration Group, Markel Corporation, Lydall, Inc., Graver Technologies.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global industrial filtration market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial filtration market.
Market Segmentation
Market Segmentation
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