Press release
Industrial Filtration Market Trends, Size, Growth & Forecast 2029
Industrial Filtration Market - DataM Intelligence
The Global Industrial Filtration Market is expected to grow at a high CAGR during the forecasting period (2022-2029).
Filtration of industrial oils, gases, lubricants and water is known as industrial filtration. The major goal of industrial filtration is to keep harmful contaminants out of machinery, human life, and the environment. Industrial filters are intended for specific jobs, system properties and operating situations instead of domestic filters.
Power plants, paper& pulp and the automotive industry employ industrial filters. Filtration is also utilized in businesses involving chemical processes, such as the dairy, sugar, chemical and pharmaceutical industries.
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Market Dynamics
The rising digital filtration techniques
The digitalization of filtration products represents a significant growth opportunity because it allows for real-time monitoring of industrial filters. Sensors are fitted in the filters to record the load status of the air cleaners and communicate service-related information to the plant operator. This approach aids in maintenance planning by preventing unplanned equipment downtime. Filters attached to sensor technologies can be replaced at precise times. It also reduces utilizing filters beyond their operational phase, ensuring that machines have the longest service life possible.
The increasing use of Industry 4.0 accelerates the rise of digitalization in industrial filtration, allowing businesses to monitor operational performance and collect real-time data effectively. The data gathered thus aids in analyzing system performance, estimating maintenance needs & downtime, gathering system overview and automating procedures, all of which contribute to easier monitoring and analysis.
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Market Segmentation:
By Product
• Filter Press
• Bag Filter
• Drum Filter
• Cartridge Filter
By Filter Media
• Activated Carbon/Charcoal
• Fiberglass
• Filter Paper
• Metal
By End-User
• Food & Beverages
• Chemical & Petrochemicals
• Oil & Gas
• Automotive
• Pharmaceuticals
• Metals & Mining
Competitive Landscape
The global industrial filtration market is competitive and leading companies are focusing on increasing production capacity by building new manufacturing units, particularly in emerging regions. Product launches, acquisitions and R&D efforts are important strategies used by industrial filtration market participants.
Parker Hannifin Corp, for example, launched Pro Tura SB, a nano cartridge filter, in October 2019. It filters industrial gases with great efficiency while using less energy. It is also more resistant to moisture in the air stream. The introduction of new industrial filters with varied functions is expected to boost the market share of industrial filtration.
Mann+Hummel bought Hardy Filtration, a Canadian air filtration company, in August 2019. This acquisition is expected to broaden the company's global footprint and manufacturing capabilities of Tri-Dim Filter Corporation, which Mann+Hummel acquired in 2018.
Major global industrial filtration market companies include Alfa Laval, Camfil, Donaldson Company Inc., Parker-Hannifin, Eaton, Filtration Corporation, Mann+Hummel, The 3M Company, Babcock & Wilcox and W.L. Gore.
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