Press release
Industrial Filtration Global Market Expected to Reach $44.56 Billion By 2028 with CAGR of 6.9% | Key Players: Danaher Corporation, Lydall Inc., AAF International, GVS Group, Camfil AB
Industrial Filtration Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Industrial Filtration industry. This report on Industrial Filtration market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The industrial filtration market size has grown strongly in recent years. It will grow from $31.86 billion in 2023 to $34.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in industrialization and manufacturing activities, increased awareness of workplace health and safety, expansion of water treatment and wastewater management, need for process optimization and efficiency in industries, rise in concerns about contaminant removal in industrial processes. The industrial filtration market size is expected to see strong growth in the next few years. It will grow to $44.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
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Key Market Players:
Danaher Corporation, Parker Hannifin Corporation, Eaton Corporation PLC, Donaldson Company Inc., Camfil AB, Nederman Holding AB, BWF Envirotec AG, The Progressive Corporation are prominent players in the Industrial Filtration industry.
Market Drivers:
The necessity of a safe working environment in industrial conveniences is expected to propel the industrial filtration market. The industries are full of pollutant substances such as coarse, liquid dust pollutants, acetylene, benzene, methane, ethane, propane, and hydrogen that might degrade the health condition of employees. Due to this, a safe working environment becomes a necessity to ensure the safety and healthiness of employees and enhance their productivity. The government mandates and regulations regarding occupational health and safety are also the reasons to make a safe working environment a necessity. This necessity for a safe working environment will create a significant demand for industrial filtration as it can enable a safe working environment by eliminating contaminating particles from the air and other gases in industrial conveniences.
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Market segments for Industrial Filtration include:
1) By Type: Liquid, Air
2) By Filter Media: Activated Carbon/Charcoal, Fiberglass, Filter Paper, Metal, Non woven fabric
3) By Product: Bag Filter, Filter Press, Cartridge Filter, Depth Filter, Drum Filter, Electrostatic Precipitator, ULPA, HEPA
4) By Industry: Food And Beverage, Chemicals And Petrochemicals, Power Generation, Oil And Gas, Pharmaceuticals, Metal And Mining, Automotive
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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