Press release
Filtration & Separation Market Growing at a CAGR of 3.3% to Reach $116.1 Billion by 2026 | By Type, End-User, Key Market Segments, Leading Players
Filtration & Separation Market
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By type, the gas and liquid segment garnered the largest share in the filtration & separation market in 2018. In addition, the expansion of HVAC and chemical industry throughout the globe especially in nations such as the U.S., China, and India, fuels the demand for filtration & separation. The manufacturers of filtration & separation are focusing on business expansion and new projects as a strategy to increase their filtration & separation market shares. For instance, in October 2018, Donaldson Company, Inc. announced the acquisition of BOFA International Ltd., which sells fume extraction technology systems to various industries. The acquisition was meant to be completed by the end of first quarter of 2019..
Currently, by end-user, the water and wastewater segment have garnered significant market share in 2018, owing to government regulations such as Clean Water Act (CWA) to control water pollution. In addition, based on type, the air segment is expected to exhibit significant growth during the forecast period. In terms of region, North America, and Asia-Pacific collectively contributed around 69.8% of shares in the global filtration & separation market in 2018.
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Competition Analysis
The key market players profiled in the filtration & separation market report include Ahlstrom-Munksjö, Alfa Laval, Donaldson, Eaton, Freudenberg, Lydall, Inc., Mann+Hummel, Pall Corporation, Parker Hannifin Corporation, and Porvair Plc. The major players operating in the global filtration and separation market have adopted key strategies such as acquisition, product launch, and business expansion, to strengthen their market outreach and sustain the stiff competition in the filtration and separation market. For instance, in November 2017, Ahlstrom-Munksjö Oyj launched Trinitex Advance W3000 filtration media, specifically designed for pulse jet gas turbine applications. The product has an ability to combine efficiency particulate air (EPA) efficiency which, provides better protection to the gas turbines. Similarly, in October 2018, Donaldson Company, Inc. announced the acquisition of BOFA International Ltd. The acquisition was meant to be completed by the end of first quarter of 2019. BOFA is a seller of fume extraction technology systems for various industries.
Global Filtration & Separation Market Segments:
By Type
Gas and Liquid
Air
By End-User
Industrial Process
HVAC
Life Sciences
Water and Wastewater
Transportation
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
Ahlstrom-Munksjö
Alfa Laval
Donaldson
Eaton
Freudenberg
Lydall, Inc.
Mann+Hummel
Pall Corporation
Parker Hannifin Corporation
Porvair Plc
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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…
