Press release
Industrial Filtration Market Trends, Market Share, Size, Growth Status And Forecast To 2033
Industrial Filtration Market Overview
As per the report, 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 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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Safe Working Environments Drive Growth In The Industrial Filtration Market
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. For instance, in January 2023, according to Health and Safety Executive, a UK-based government agency, in the year 2021/22, the number of workers experiencing work-related ill health, whether new or ongoing, increased by nearly 6%, affecting 1.8 million individuals. Among these cases, the most prevalent issue was work-related stress, depression, or anxiety, accounting for 51% (914,000 cases), followed by musculoskeletal disorders at 27% (477,000 cases). Therefore, the necessity of a safe working environment in industrial conveniences is driving the growth of the industrial filtration market.
Technological Advancements Reshaping The Industrial Filtration Market
Technological innovation is a key trend gaining popularity in the industrial filtration market. The market is witnessing the implementation of advanced filtration technologies such as spray booth filters, custom-engineered porous polymer solutions, nanofiber technology, and others to enhance life, and efficiency, reduce costs and minimize the environmental impact of industrial wastes. Major companies operating in the industrial filtration market are focusing on providing technologically advanced filtration systems to strengthen their market position. For instance, in February 2022, Veolia Water Technologies, a France-based water treatment solutions company launched he Filtraflo FCP-P, a multimedia pressure filter designed for depth filtration with high dirt-holding capacity. It is suitable for various applications, including industrial, drinking water, and wastewater treatment. This modular, high-performance system is available in different sizes, offers advanced filtration capabilities, and can be optimized for maintenance and control. Veolia's expertise ensures the filters meet rigorous standards, and they can be integrated with Veolia's digital monitoring solution, Hubgrade, for real-time optimization.
The industrial filtration market covered in this report is segmented -
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
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Major companies operating in the industrial filtration market include Danaher Corporation, Parker Hannifin Corporation, Eaton Corporation plc, Donaldson Company Inc., Mann+Hummel International GmbH & Co. KG, Sulzer Ltd., Lenntech B.V., Ahlstrom-Munksjö Oyj, Camfil AB, Nederman Holding AB, BWF Envirotec AG, Ahlada Engineering Pvt. Ltd., Boll & Kirch Filterbau GmbH, Lydall Inc., Porvair Filtration Group, Filtration Group Corporation, Graver Technologies LLC, General Electric Company, GVS Group, Columbus Industries Inc., AAF International, Airex Filter Corporation, Freudenberg Filtration Technologies SE & Co. KG, HYDAC Technology GmbH, Kaydon Filtration Corp., Hollingsworth & Vose Company, Avery Filter Company, Midwesco Filter Resources Inc.
Contents of the report:
1. Executive Summary
2. Industrial Filtration Market Report Structure
3. Industrial Filtration Market Trends And Strategies
4. Industrial Filtration Market - Macro Economic Scenario
5. Industrial Filtration Market Size And Growth
…..
27. Industrial Filtration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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