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Rising Pharmaceutical R&D Expenditure Boosts Filtration And Drying Equipment Market: A Key Driver Powering Filtration & Drying Equipment Market Growth In 2025
Filtration & Drying Equipment
How Big Is the Filtration & Drying Equipment Market Size Expected to Be by 2034?
In recent times, there has been a significant increase in the size of the filtration & drying equipment market. The market is predicted to surge from $1.94 billion in 2024 to reach $2.09 billion in 2025, representing a 7.7% compound annual growth rate (CAGR). Factors such as environmental regulations, industry expansion, quality and safety norms, industrial globalization, health and safety issues, and cost-effectiveness have all contributed to this historical growth.
The market size for filtration & drying equipment is projected to witness substantial growth in the coming years, eventually reaching $2.85 billion by 2029 with a compound annual growth rate (CAGR) of 8.1%. This growth in the predicted period is associated with factors such as growing industrialization, shifting environmental norms, increasing demand in emerging markets, emphasis on sustainable practices, and advancements in pharmaceutical and biotechnology. Key trends that are expected to mark the forecast period encompass technological progress, intensified focus on sustainability, tightened regulatory benchmarks, customized filtration approaches, globalization of supply chains, and hybrid drying technologies.
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How Are Emerging Segments Shaping the Filtration & Drying Equipment Market Landscape?
The filtration & drying equipment market covered in this report is segmented -
1) By Equipment Type: Full Automatic Equipment, Semi-Automatic Equipment
2) By Technology: Centrifuges, Agitated Nutsche Filter-Dyers (ANFD), Other Technologies
3) By End Use: Pharmaceutical, Chemicals, Water And Wastewater Treatment, Food And Beverage, Other End Users
Subsegments:
1) By Full Automatic Equipment: Automatic Filtration Systems, Automatic Drying Systems
2) By Semi-Automatic Equipment: Semi-Automatic Filtration Systems, Semi-Automatic Drying Systems
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Which Growth Factors Are Influencing Filtration & Drying Equipment Market Expansion?
The surge in expenditures for research and development in the pharmaceutical sector is projected to fuel the expansion of the filtration and drying equipment market. Research and development involve the system through which companies accumulate data to create novel products or find creative methods to boost their existing goods and services. Filtration and drying equipment are utilized in research and development to examine and enhance products or processes before they reach the marketplace and to discover material attributes via microstructural analysis. For example, February 2024 data released by the Office for National Statistics, a statistical institute located in the UK, indicated that in 2022, UK businesses invested £49.9 billion in R&D, marking a 6.4% rise from 2021. The pharmaceuticals sector accounted for £9.0 billion, or 17.9% of the total. Thus, the upsurge in pharmaceutical research and development investment is propelling the growth of the filtration and drying equipment market.
Who Are the Dominant Players Across Different Filtration & Drying Equipment Market Segments?
Major companies operating in the filtration & drying equipment market include GMM Pfaudler Ltd., Tsukishima Kikai Co. Ltd., Heinkel Process Technology GmbH, Jaygo Incorporated, Amar Equipment Pvt. Ltd., Shree Bhagwati Machtech Pvt. Ltd., Powder Systems Ltd., HLE Glascoat Limited, Charles Thompson Limited., Pope Scientific Inc., Promas Engineers Private Limited., Comi Polaris Systems Inc., 3V Tech S.p.A, Bachiller, Chem Flowtronics Inc., BHS-Sonthofen GmbH, Komline-Sanderson Engineering Corporation, ANDRITZ AG, SPX FLOW Inc., Carrier Vibrating Equipment Inc., FLSmidth & Co. A/S, GEA Group AG, Hosokawa Micron Corporation, Metso Outotec Corporation, Nara Machinery Co. Ltd., Pneumatic Scale Angelus, Rosenmund AG, Swenson Technology Inc., TEMA Process B.V.
What Are the Latest Developing Trends in the Filtration & Drying Equipment Market?
Leading firms in the filtration and drying equipment market are prioritizing the development of novel solutions like industrial filtration support services. These services offer swift, tailored support for industrial filtration systems, allowing customers to quickly identify and rectify filtration problems. This not only reduces expenses but also maximizes efficiency. Industrial filtration support services are specialized solutions helping industries to maintain and improve filtration systems. Their role is crucial in effectively removing impurities from air, water, or other processes to bolster operational performance and to conform to environmental rules. For example, in September 2024, Cleanova, a filtration solutions firm in the UK, unveiled Cleanova.CARE. This service package includes on-site testing, aftermarket replacements, rental rigs, and expert support. With a focus on immediate, tailored technical support, it offers real-time guidance and suggestions. The service allows users to carry out filtration tests and recognize pollutants without halting production, ensuring efficiency is maintained without compromising operational continuity.
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Which Geographic Regions Are Expected to Dominate the Filtration & Drying Equipment Market in the Coming Years?
Asia-Pacific was the largest region in the filtration And drying Equipment market in 2024. The regions covered in the filtration & drying equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Filtration & Drying Equipment Market?
2. What is the CAGR expected in the Filtration & Drying Equipment Market?
3. What Are the Key Innovations Transforming the Filtration & Drying Equipment Industry?
4. Which Region Is Leading the Filtration & Drying Equipment Market?
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