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Filtration And Contamination Control Global Market will Exceed $51.38 Billion By 2028 with a Projected CAGR of 5.2% | Donaldson Company Inc., Cummins Inc., Pall Corporation, Eaton Corporation plc
Filtration And Contamination Control Global Market
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According to The Business Research Company's, The filtration and contamination control market size has grown steadily in recent years. It will grow from $40.24 billion in 2023 to $42 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to stringent environmental regulations, growing industrialization, awareness of air and water quality, expansion of healthcare sector, quality standards in manufacturing, food and beverage safety, water and wastewater treatment.
The filtration and contamination control market size is expected to see strong growth in the next few years. It will grow to $51.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to rising concerns about airborne diseases, focus on indoor air quality, expansion of renewable energy, demand for clean energy, increasing water scarcity, regulatory support for filtration. Major trends in the forecast period include growing emphasis on cleanroom technologies, adoption of hepa and ulpa filters, advancements in nanofiber filtration technology, remote monitoring and iot integration, customized filtration solutions, air purification in hvac systems.
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Market Drivers and Trends:
The growing automotive industry is expected to boost the growth of the filtration and contamination control market going forward. The automotive industry refers to the collection of companies, organizations, and activities involved in the design, development, manufacturing, marketing, and sale of motor vehicles. Modern vehicles prioritize passenger well-being by integrating cabin air filters, essential for preserving a clean and pollutant-free atmosphere within the vehicle cabin, ensuring a healthier driving experience. For instance, in June 2023, according to the report published by Cox Automotive, a US-based provider of automotive services and technology, estimated that car sales volume will climb by 11.6% annually to 7.65 million units in the first half of 2023. This increase was driven by new work (1.1%), and repair and maintenance (0.8%). The number of units sold in June is predicted to increase from 1.1 million to 1.3 million. Therefore, the growing automotive industry is driving the growth of the filtration and contamination control market.
Technological advancements have emerged as a key trend in the filtration and contamination control market. Major companies operating in the filtration and contamination control market are focused on developing advanced filtration and contamination products and solutions to strengthen their market position. For instance, in July 2022, a US-based company called G6 Material, an innovative technology company dedicated to advanced graphene materials, launched an advanced antimicrobial graphene air filtration system named Breathe+ Pro. The Breathe+ Pro Air Purifier employs advanced air filters with activated carbon and graphene oxide coatings. This coating is intended to improve the air filter's ability to capture bioaerosol particles. Microbes, dust particles, smog, dander, pollen, and volatile organic compounds (VOC) are all removed from the air by this advanced air purification system.
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Major Key Players of the Market:
Donaldson Company Inc., Cummins Inc., Filtration Group Corporation, HYDAC International GmbH, MANN+HUMMEL Holding GmbH, Parker-Hannifin Corporation, Pall Corporation, Eaton Corporation plc, CECO Environmental Corporation, Berkshire Corporation, Clarcor Inc., Mobil Corporation, Filtermist International Ltd., Camfil AB, Freudenberg Filtration Technologies SE & Co. KG, Ahlstrom-Munksjö Oyj, Lenntech B.V., Pentair plc, Veolia Group, 3M Company, Alfa Laval AB, Calgon Carbon Corporation, Danaher Corporation, Evoqua Water Technologies LLC, GEA Group AG, Graver Technologies LLC, H2O Innovation Inc., Koch Membrane Systems Inc., Kuraray Co. Ltd., Lydall Inc., Meissner Filtration Products Inc., Mott Corporation, Nippon Muki Co. Ltd.
Filtration And Contamination Control Market 2024 Key Insights:
• The filtration and contamination control market size is expected to see strong growth in the next few years. It will grow to $51.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
• The Role Of Filtration And Contamination Control In Mitigating Industrial Pollution
• Technological Advancements Shaping The Future Of Filtration And Contamination Control
• North America was the largest region in the filtration and contamination control market in 2023
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