Press release
Industrial Filtration Market is estimated to increase at 5.5% CAGR during 2022-2029, reaching USD 44.0 billion | Size, Share, Trends & Forecast
Industrial Filtration Market
Industrial Filtration Market was valued at USD 28.7 billion in 2021 and is forecast to touch USD 44.0 billion in 2029, and the market is expected to grow at a CAGR of 5.5% from 2022-2029.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/industrial-filtration-market/
The factors driving the growth of Industrial Filtration Market includes growing demand for healthy and organic food products, regulations imposed by Governments to reduce the impact of industrial emissions, rising focus on utilizing clean sources of energy and improvements in the living standards. According to the report published by Statista, the Organic Food Market in India was calculated around INR 22 billion during FY 2021 and is expected to reach INR 64 billion by the end of 2025, which will accelerate the Industrial Filtration Market size in the approaching years. Moreover, growing adoption of advanced technologies such as microfiltration and ultrafiltration in the healthcare industry, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Global Industrial Filtration Market. In addition, the rising investments by major players on research and development and growing disposable incomes and increasing population growth rates, are further contributing towards the market growth.
However, growth of the Industrial Filtration Market is hindered due to high cost of industrial filtration systems.
The major players operating in the Industrial Filtration Market are Eaton Corporation Plc, Ahlstrom-Munksjö Oyj, Filtration Group, Alfa Laval Inc, Donaldson Company, Inc., Parker Hannifin Corporation, Freudenberg Group, Lenntech B.V., Danaher Corporation, and Babcock & Wilcox Enterprises, Inc., among others.
Based on Type, the Liquid segment is predicted to grow at a significant CAGR during the forecast period
Increased adoption of filtration for treating wastewater and environmental regulations regarding the discharge of pollutants, are some of the factors responsible for the segment's growth.
Based on Filter Media, the Non-Woven & Synthetic Fabric segment is projected to expand at a robust CAGR over the forecast period
As per the Industrial Filtration Market Report, Non-woven and synthetic fabric filter media are reusable, water-resistant, hypoallergenic and are increasingly used for manufacturing cars, are propelling growth of the segment.
Based on Region, the North American region is anticipated to grow at a remarkable CAGR during the forecast period
Strict regulations imposed by Governments to reduce the impact of air pollution, rapid growth in the manufacturing sector, growing focus ion utilizing clean sources of energy, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Market Segmentation
Segmentation by Type
Liquid
Technology
Pressure Filtration
Centrifugal Filtration
Gravy Filtration
Vacuum Filtration
Others
Air
Technology
Mechanical
Electronic
Gas Phase
Segmentation by Product Type
Pressure Filtration
Centrifugal Filtration
Gravity Filtration
Vacuum Filtration
HEPA
ULPA
Electrostatic Precipitator
Others
Segmentation by Filter Media
Metal
Activated Carbon/Charcoal
Fiber Glass
Filter Paper
Non-Woven & Synthetic Fabric
Segmentation by Industry
Manufacturing
Power Generation
Oil & Gas
Pharmaceuticals
Metals & Mining
Process Industry
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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