Macrofiltration Market Expected to Cross $9.9 billion by 2027, At a CAGR of 6.2%
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Based on product, the granular micro filter segment contributed to more than one-fourth of the global macrofiltration market revenue in 2019, and is expected to retain its dominance by the end of 2027. This is owing to increase in use of granular media used for household and community water treatment. Whereas, the auto backwash filters segment, would register the fastest CAGR of 8.5% throughout the forecast period. Rise in demand for filtered water in food & beverage industry and residential sector to maintain product safety is driving the growth of the segment.
On the basis of industry vertical, the water and waste water segment contributed to more than two-fifths of the global market share in 2019, and is anticipated to continue its dominance during the study period. However, the chemical and pharmaceutical segment is estimated to witness the highest CAGR of 8.5% from 2020 to 2027.
Based on region, North America held the highest share in 2019, accounting for more than two-fifths of the total market share, and will maintain its lead position throughout the forecast period. On the other hand, Asia-Pacific is expected to witness the highest CAGR of 7.7% from 2020 to 2027.
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Leading players of the global macrofiltration market analyzed in the research include Amiad Water Systems, Danaher Corporation, Ascension Industries, Inc., Mann+Hummel, Filtration Group, Ostwald Filtration Systems GmbH, MTB Technologies Sp. Z O.O., Pentair PLC, Parker Hannifin, and SUEZ water technologies Inc.
• The COVID-19 outbreak has negatively impacted the market players in the global macrofiltration industry. Owing to the precautionary measures, the equipment manufacturing processes in the companies have been disrupted.
• The industry has witnessed a decline in demands and interruptions in the supply chain processes amid COVID -19.
Get detailed COVID-19 impact analysis on the Macrofiltration Market: https://www.alliedmarketresearch.com/request-for-customization/6634?reqfor=covid
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