Press release
Filtration and Contamination Control Market Overview focusing on Top Companies like Honeywell International Inc., Axis Communications AB, Johnson Controls, FLIR Systems, Inc.
Filtration and Contamination Control Market – Industry Trends and Forecast to 2024
Global Filtration and Contamination Control Market accounted for USD 40.5 billion in 2016 growing at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Analysis:
The report for filtration and contamination control market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is Filtration and Contamination Control in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyse and do more affective investments.
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TOP Key Players:
• Mann+Hummel Holding GmbH,
• Donaldson Company, Inc.,
• Cummins Inc.,
• Parker-Hannifin Corp.,
• Pall Corporation,
• Clarcor Inc.,
• Filtration Group Corporation,
• Eaton,
• Hydac International GmbH,
• Ceco Environmental Corp.,
• Damen Technical Agencies B.V.,
• Clear Edge,
• The Lee Company,
• Camfil Group,
• among others.
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Market Definition:
Filtration and contamination controls are highly significant in industrial processes and automotive sector. The continuous need for reducing the level of contamination in liquids and fuel to enhance the performance of the equipment is of utmost importance to meet the high quality of the products. These products are being widely incorporated in multiple verticals to reduce the operating cost by eliminating the amount of wastage and thus increasing the service life of equipment. The market is significantly being driven by the higher efficiency performance products, and stringent environmental regulations. However, the emerging alternatives such as electric vehicles restrain the growth of the market.
Market Segmentation:
The filtration and contamination control market is segmented on the basis of filtration type into liquid filtration, and air filtration.
On the basis of customer type:
• Aftermarket
• OEM.
On the basis of application:
• Engine
• Industrial
The industrial segment is further sub-segmented:
• road, agriculture
• construction
• mining & marine.
The engine segment is further sub-segmented:
• industrial machinery,
• oil & gas,
• aerospace,
• gas turbine,
• power generation,
• others.
Major Market Drivers & Restraints:
• Increasing demand for on-road and off-road applications
• Increasing usage of higher efficiency performance products
• Stringent environmental regulations
• Technological advancements in filtration technology
• Emerging alternatives such as electric vehicles
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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Market Highlights
Industrial filtration is widely used for removing impurities and other contaminations. Industrial filters are used for number of applications including cleaning and treating lubricants, industrial oils, gases, and water. Filters reduce waste disposal costs, lower maintenance time and expense, minimize process downtime, and improve product quality. All these factors are expected to drive the growth of industrial filtration market during the forecast period.
Industrial Filtration market has been…
