Press release
Industrial Filtration Market 2019- Cummins Filtration, Pall Corporation, Parker Hannifin, Mann+Hummel, Donaldson
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 segmented on basis of type, media, end-use industry, and region. On the basis of type, the market is segmented into liquid filters and air filters. Liquid filters segment is estimated to have the major share of the industrial filtration market because of growing demand of clean drinking water and treatment of wastewater. On the basis of media, industrial filtration market is segmented into Fiber Glass, Activated Charcoal/Carbon, Fiber Paper, Metal, Nonwoven Fabrics, and Others. Metal segment dominates the industrial filtration market. On the basis of end-use industry, the industrial filtration market is segmented into manufacturing, oil & gas, power generation, Pharmaceuticals, and others. Manufacturing segment is estimated to dominate the market during the forecast period due to rising use of filters in industries such as cement, food & beverage, and chemicals, among others. The global industrial filtration market is expected to expand at ~ 6.73% CAGR during the forecast period.
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Market Research Analysis
Asia Pacific holds the largest market share and is the fastest growing region.
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.
GLOBAL INDUSTRIAL FILTRATION MARKET 2018-2023Scope of the Report
This report provides an in-depth analysis of the global industrial filtration market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the industrial filtration market by type, media, end-use industry, and region.
By Type
Liquid Filters
Air Filters
By Media
Fiber Glass
Activated Charcoal/Carbon
Fiber Paper
Metal
Nonwoven Fabrics
Others
By End-Use Industry
Manufacturing
Power Generation
Oil& Gas
Pharmaceuticals
Others
By Regions
North America
Asia Pacific
Europe
Rest of the World
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Key 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), Freudenberg Group (Germany), Lenntech (The Netherlands), and Camfil (Sweden).
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