Industrial Filtration Market by Type (Air & Liquid), Product (Filter Press, Bag, Drum, Depth, Cartridge, HEPA, ULPA), Filter Media (Activated Charcoal, Fiberglass, Filter Paper, Metal, Nonwoven Fabric), Industry and Region – Global forecast to 2027

2022-03-03
Price :
Published : Mar-2022
No. of Pages : 254

The industrial filtration market is expected to reach USD 45.2 billion by 2027, at a CAGR of 6.2% from 2022 to 2027

The global industrial filtration market is projected to reach USD 45.2 billion by 2027 from an estimated market size of USD 33.5 billion in 2022, at a CAGR of 6.2% during the forecast period. The key drivers for the growth of the industrial filtration market include government mandates and policies for environmental protection, the need for safe working

Environments in industrial facilities, increased demand for equipment reliability and extended lifecycle, and industrial development in developing countries.

The liquid segment is expected to be the largest segment of the industrial filtration market, by type, during the forecast period

The industrial filtration market, by type, is segmented into liquid type and air type. The liquid type segment is expected to be the largest segment in the industrial filtration market, by type, during the forecast period. Increasing environmental regulations related to the discharge of pollutants into the water bodies is expected to fuel the growth of the liquid type segment of the industrial filtration market.

The non woven fabric segment is expected to be the largest contributor to the industrial filtration market, by filter media, during the forecast period

The industrial filtration market, by filter media, is segmented into activated carbon, fiber glass, filter paper, metal, non woven fabric and others. The non woven fabric segment is expected to hold the largest size of the market for industrial filtration during the forecast period. The growth of the market for this filter media segment is driven because it is durable, reusable, water-resistant, hypoallergenic, fire-resistant, soft, light, and sometimes washable.

The bag filter segment is expected to be the largest market, by product, during the forecast period

The industrial filtration market, by product, is segmented into bag filter, filter press, cartridge filter, depth filter, drum filter, electrostatic precipitator, ULPA, HEPA and others. The market for bag filter is expected to hold the largest size of the market for industrial filtration during the forecast period. Low maintenance and low operational cost are driving the demand for bag filters.

The chemicals and petrochemicals is expected to be the largest market, by industry, during the forecast period

The industrial filtration market, by industry, is segmented into food & beverage, chemicals & petrochemicals, power generation, oil & gas, pharmaceuticals, metal & mining, automotive and others. The chemicals & petrochemicals industry is expected to be the largest market for industrial filtration during the forecast period. The growth of this segment is driven by stringent regulations to reduce particulate emissions in food and beverage facilities.

North America is expected to dominate the global industrial filtration market

The North America region is estimated to be the largest market for the industrial filtration, followed by Asia Pacific. The North American region is expected to lead the industrial filtration market during the forecast period. The increasing investments in the manufacturing industry to control harmful particulate emissions and the rising stringent air pollution control norms are driving the industrial filtration market in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier I–65%, Tier II–24%, and Tier III–11%
  • By Designation: C-Level–30%, Director Level–25%, and Others–45%
  • By Region: Middle East & Africa–8%, Asia Pacific–33%, North America–27%,South & Central America–12%,Europe–20%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined onthe basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3:

The Industrial filtration market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global industrial filtration market include MANN + HUMMEL (Germany), Danaher (US), Parker – Hannifin (US),3M(US) and Cummins (US).

Research Coverage:

The report defines, describes, and forecasts the industrial filtration market, by type, filter media, product, industry, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the industrial filtration market.

Key Benefits of Buying the Report

  • The report identifies and addresses the key markets for industrial filtration, which would help industrial filtration providers review the growth in demand.
  • The report helps service providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Filed in: Industrial Equipment, Manufacturing
Publisher : marketsandmarkets
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