Filters Market Insights, Forecast, Demand, Share, Growth, Trends 2024-2033

"The new report published by The Business Research Company, titled ""Filters Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the filters market size has grown strongly in recent years. It will grow from $78.14 billion in 2023 to $84.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The filters market size is expected to see strong growth in the next few years. It will grow to $112.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.

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Surging Demand For Fast Food And Packaged Food Sparks Growth In The Filling Machines Market
Rising demand for fast food and packaged food is expected to propel the growth of the filling machines market in the coming years. Fast-food and packaged food is a type of food that save time in food acquisition, preparation, and ready-to-eat food from grocery stores. Filling machines are used to fill the product into bags, pouches, or containers such as bin or bottle. For instance, according to Press Information Bureau, a nodal agency of the Government of India, India exported more than $ 2.14 billion worth of final food products in 2020-21. The export of products under ready-to-eat (RTE), ready-to-cook (RTC) and ready-to-serve (RTS) categories rose by more than 23% to $ 1011 million in April to October (2021-22) compared to $ 823 million reported in April to October (2020-21). Therefore, the rise in demand for fast food and packaged food is driving the growth of the hot food processing equipment market.

Sig Group Unleashes Technological Innovation With Sig Neo, The World's Fastest Filling Machine
Nanotechnology is a key trend gaining popularity in the filter market. Nanotechnology in filters refers to the use of nanomaterials, and nanoparticles to improve the performance of filters. One such filter system based on nanotechnology is a nanotech-based water purification system that is thought to be modular, highly efficient, and cost-effective compared to traditional water filtration procedures. These systems are made up of carbonaceous nanomaterials, metal oxide nanoparticles, zeolites, and other nanomaterials that are integrated into a polymeric matrix to improve the performance of traditional polymeric membranes. For instance, in February 2023 Samsung Electronics, a South Korea-based appliances company announced the launch of a new air filter technology. This innovative technology, incorporating photocatalysts like copper oxide (Cu2O) and titanium dioxide (TiO2) for the first time, has the capability to capture particulate matter (PM), break down Volatile Organic Compounds (VOCs), and boasts a lifespan of 20 years with easy maintenance through simple water washing. It is anticipated that this breakthrough will facilitate the adoption of compact air purification systems, resulting in a substantial reduction in the volume of disposable waste and alleviating the financial strain associated with frequent filter replacements.

The filters market covered in this report is segmented -

1) By Product: Fluid Filters, ICE Filters, Air Filters
2) By Distribution Channel: Offline Stores, Online Stores
3) By Application: Motor Vehicles, Consumer Goods, Utilities, Industrial And Manufacturing, Other Applications

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Major companies operating in the filters market include 3M Company, Airex Filter Corporation, Koch Filter, Freudenberg Filtration Technologies SE & Co. KG, Donaldson Company Inc., AAF Flanders, Ahlstrom-Munksjö, Camfil AB, Parker Hannifin Corporation, Cummins Filtration Inc., Eaton Corporation plc, Filtration Group Corporation, General Electric Company, GVS Group, Hollingsworth & Vose Company, Lenntech B.V., Lydall Inc., Mann+Hummel Group, Mott Corporation, Pentair plc, Porvair Filtration Group, Sefar AG, Shelco Filters, Siemens AG, SPX Flow Inc., Swift Filters Inc., The Hilliard Corporation, The Lee Company, The Strainrite Companies, United Air Specialists Inc., W. L. Gore & Associates Inc.

Contents of the report:
1. Executive Summary
2. Filters Market Report Structure
3. Filters Market Trends And Strategies
4. Filters Market - Macro Economic Scenario
5. Filters Market Size And Growth
…..
27. Filters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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