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Top Market Shifts Transforming the Filtration & Drying Equipment Market Landscape: Key Insights
Filtration & Drying Equipment
What Is the Expected CAGR for the Filtration & Drying Equipment Market Through 2025?
Recent years have seen a robust increase in the size of the filtration & drying equipment market. Forecasts show a market rise from $1.94 billion in 2024 to $2.06 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.0%. The prior growth can be ascribed to factors such as environmental regulations, industrial expansion, quality and safety requirements, industry globalization, health and safety apprehensions, and cost effectiveness.
What's the Projected Size of the Global Filtration & Drying Equipment Market by 2029?
The market size of filtration & drying equipment is anticipated to witness robust expansion in the forthcoming years. Its growth is projected to reach $2.75 billion by 2029, with a compound annual growth rate (CAGR) of 7.6%. The surge in growth during the forecasted period can be credited to factors such as growing industrialization, adaptation of evolved environmental standards, rising demands from the emerging markets, emphasis on sustainable practices, and progress in the pharmaceutical and biotechnology sectors. Key trends expected in the forecast period encompass technological progress, stronger focus on sustainability, stringent regulatory norms, tailor-made filtration solutions, global integration of supply chains, and hybrid drying technologies.
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Top Growth Drivers in the Filtration & Drying Equipment Industry: What's Accelerating the Market?
The escalation in research and development expenditures in the pharmaceutical sector is predicted to spur the expansion of the filtration and drying equipment market in the future. Research and development involves the gathering of information by companies to create new offerings or devise creative solutions to improve existing goods and services. Filtration and drying equipment play a crucial role in research and development, allowing various products or processes to be examined and refined prior to being commercially employed, and facilitating the understanding of material properties through microstructural analysis. For example, in February 2024, the Office for National Statistics, a UK-based national statistical institute, released data indicating that R&D expenditure in the UK amounted to £49.9 billion in 2022, marking a 6.4% rise from 2021. The pharmaceutical sector contributed £9.0 billion to this figure, which accounted for 17.9% of the total. Hence, the surge in research and development budgets in the pharmaceutical industry is fueling the growth of the filtration and drying equipment market.
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Which Fast-Growing Trends Are Poised to Disrupt the Filtration & Drying Equipment Market?
Key players in the filtration and drying equipment market are concentrating on introducing innovative services like industrial filtration support to offer quick and tailored assistance for industrial filtration systems. This helps clients to rapidly identify and rectify filtration problems, reduce expenses and increase productivity. Industrial filtration support services are bespoke services that help industries maintain and enhance filtration systems, guaranteeing effective elimination of pollutants from air, water, or other processes. This in turn augments operational efficacy and ensures conformity with environmental regulations. For example, Cleanova, a filtration solutions firm based in the UK, in September 2024 introduced Cleanova.CARE, a service suite providing on-site testing, spare parts for after-sales service, rental setups, and specialist help. It is structured to deliver immediate, personalized technical assistance, giving real-time advice and suggestions. This service allows clients to carry out filtration tests and spot contaminants without interrupting production, thus ensuring efficiency without compromising continuous operations.
What Are the Main Segments in the Filtration & Drying Equipment Market?
The filtration & drying equipmentmarket 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 Top Companies are Driving Growth in the Filtration & Drying Equipment Market?
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.
Which Regions Will Dominate the Filtration & Drying Equipment Market Through 2029?
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
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