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.
Also Read: http://www.marketwatch.com/story/industrial-filtration-market-2020-worldwide-overview-analysis-by-type-media-end-use-industry-growth-insights-regional-trends-and-demand-by-forecast-to-2025-2020-04-23
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.
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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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.
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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