Press release
Industrial Filtration Market: Expected Growth to $47.8 billion by 2029 - Key Trends and Market Insights
Industrial Filtration Market
Industrial Filtration's Booming Business: A market push powered by a projected 7.3% CAGR and technological advancements.
What Is The Projected Market Size Of The Global Industrial Filtration Market And Its Growth Rate?
The industrial filtration market has been witnessing a strong growth in the recent years:
- The market was worth $33.79 billion in 2024.
- It is expected to grow to $36.02 billion in 2025, at a CAGR of 6.6%.
- This substantial growth can be attributed to factors such as growth in industrialization and manufacturing activities, increased awareness about workplace safety, expansion of water treatment and wastewater management, and rising concerns about contaminant removal in industrial processes.
- Looking ahead, the market size is expected to further increase to $47.8 billion by 2029, at a CAGR of 7.3%.
- The future growth of the market is likely to be driven by trends such as adoption of sustainable and eco-friendly filtration solutions and advanced nanofiber and membrane filtration technologies.
What Is Driving The Growth In The Industrial Filtration Market?
The growing necessity for a safe working environment in industrial facilities is driving the growth of the industrial filtration market. Industrial settings are typically filled with pollutant substances such as ethane, benzene, methane and other harmful elements which can adversely impact the health of employees. Ensuring the safety and health of employees not only enhances their productivity, but also complies with the government mandates and regulations regarding occupational health and safety. Industrial filtration can help create the required safe working environment by eliminating these contaminating particles from the air and other gases. For example, the UK-based government agency, Health and Safety Executive reported a nearly 6% increase in the number of workers experiencing work-related illness in 2022, affecting 1.8 million individuals. Therefore, the demand for industrial filtration is poised to continue to rise in the coming years.
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Who Are the Key Players Driving Industrial Filtration Market Growth?
The industrial filtration market sees a strong competition among key players such as:
- 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.
What Are The Key Trends In The Industrial Filtration Market?
Key trends in the forecast period include:
- Advanced membrane filtration for liquid and gas separation.
- Nanofiber technology for enhanced filtration efficiency.
- IoT-enabled filtration systems for condition monitoring.
- High-Efficiency Particulate Air (HEPA) and Ultra Low Penetration Air (ULPA) filtration.
- Filtration in 3D printing and additive manufacturing processes.
What Are The Segments Of The Global Industrial Filtration Market?
The global industrial filtration market is segmented by:
1) By Type: Liquid, Air
2) By Filter Media: Activated Carbon Or 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
Which Region Leads The Industrial Filtration Market?
North America was the largest region in the industrial filtration market in 2024. The report also covers other key regions including Asia-Pacific, Western Europe, Eastern Europe, South America, and Middle East and Africa. North America's market leadership can be attributed to growth in industrialization and manufacturing activities, increased awareness about workplace safety, expansion of water treatment and wastewater management, and rising concerns about contaminant removal in industrial processes in the region.
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What Is Covered In The Industrial Filtration Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Filtration Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Filtration Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Filtration Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Filtration Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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