Press release
Filtration and Contamination Control Market: Key Players and Production Information analysis
For the purpose of providing an exhaustive analysis of the market, the global filtration and contamination control market has been segment on the basis of filtration products, end user and geography. Based on filtration products, filtration and contamination control equipment are majorly used for purifying liquids and air. Moreover, filtration and contamination control equipment also finds its application across various petrochemical and gas sector, power generation and distribution sector, laboratories and aerospace sector among others. In addition, Information related to future market growth possibilities along with current market condition of all the above mentioned filtration products and end user segments across different regions including North America, Asia Pacific, Europe, Middle-East and Africa (MEA) and Latin America is also highlighted in this report.
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Rising demand for contamination free fluid is one of the most important factors anticipated to boost the demand of filtration and contamination control equipment during the forecast period from 2017 to 2025. Contamination of hydraulic fluid caused by insoluble particles is one of the primary factor responsible for reducing the service life of a hydraulic components. In a hydraulic system, approximately 70.0% - 90.0% of the failure and wear is caused due to presence of contamination. This in turn is anticipated to trigger the need of installing efficient and appropriate filtration and contamination control system across various end user segment in the coming years.
In addition, rising demand for cleaner fuel owing to reduce the emission of various greenhouse gas is also predicted to boost the demand for filtration and contamination control equipment at an exponential rate during the forecast period. Technologically advanced plant equipment and engines are designed for offering enhanced performance, longer service life and to reduced greenhouse gas emissions. This makes them more sensitive to oil and fuel contaminants especially for engines having higher fuel pressures in order to achieve complete combustion that leads to closer tolerances. Thereby, resulting small particles to have an effect on the performance and life of the fuel system components. This in turn is predicted to create a better opportunity for the demand of various filtration and contamination control equipment in the near future.
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However, increasing electrification across various automotive and industrial applications is anticipated to hinder the need of fuel combustion which in turn is expected to inhibit the market demand of filtration and contamination control equipment to some extent during the forecast period.
Based on the type of filtration products, various filtration and contamination control equipment are majorly used for liquid filtration in 2016. Extensive adoption of liquid filtration system across various industries for purification of liquid–liquid or solid–liquid raw materials in order to improve the quality of end products is the most important factor behind this segment’s dominance.
On the other hand, among various end user segment, the industrial segment generated the highest revenue in 2016 and is anticipated to maintain its dominance during the forecast period from 2017 to 2025. In Industrial sector, filtration and contamination control equipment is majorly used in the petrochemical and gas refineries due to the high rate of diffusion and deployment of various filtration devices.
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