Global Industrial Filtration Market Insights
global industrial filtration market was valued at USD 37.5 billion in 2021, and is expected to reach USD 49.8 billion by 2028. The market is expected to grow at a CAGR of 6.4% during the forecast period (2022-2028).
The market is influenced by a number of significant factors, such as government-enacted environmental regulations and policies, the need for safe working environments in industrial facilities, the rising demand for equipment dependability and equipment lifespan extension, and the growth of industry in developing nations.
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The need for safe working #environments in industrial facilities, rising #urbanisation and industrialization across the globe, particularly in Asia-Pacific, stringent government policies that aim to eliminate or limit airborne pollutant concentrations in order to protect human health, and rising consumer demand for high-quality products are all driving the growth of the global industrial filtration market.
Global Industrial Filtration Market Segmental Analysis
By Filtration Type:
Air, Gas, LiquidBy Filter Media:
Activated Carbon, Fiberglass, Nonwovens, Metals, Filter-paper, Combination Filters & OthersBy Application:
Food & Beverage, Power Generation, Semiconductors & Electronics, Chemical & Petrochemicals, Metals & Mining, Paper & Paints, Others.
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Global Industrial Filtration Market Dynamics
Driver
Industries are required to install air and liquid filtering equipment as a result of the implementation of rigorous rules brought on by growing environmental concerns. The market has been driven at a global level by strict government rules limiting the emissions levels that encourage the usage of industrial filtration systems.Restraint
Industrial filtration is one of the most crucial components of an effective industrial process, but it also presents difficulties due to its constrained functions. For instance, despite industrial filters' best efforts, viruses, VOCs (volatile organic compounds), mould, and bacteria smaller than 0.4 microns can still enter homes and businesses and have an adverse impact on the quality of the air inside.
Top Players in the Global Industrial Filtration Market
Parker Hannifin Corp (US)Alfa Laval (Sweden)Camfil (Sweden)Ahlstrom-Munksjö (Sweden)Lenntech B.V. (Netherlands)MANN+HUMMEL (Germany)Pall Corporation (US)Sidco Filter Company (US)Filtration Group Corporation (US)Donaldson Company (US)Freudenberg Group (Germany)Cummins Inc. (US)Eaton (Ireland)
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Recent Developments
In November 2021, with the introduction of its gas combustion unit 2.0, Alfa Laval expanded its LNG portfolio. This additional investment will assist the business in extending its reach across many Gulf nations.In October 2021, Donaldson Company purchased Solaris (US) in order to improve its ability to provide customers in the food and beverage industry more comprehensive filtering solutions and to increase its access to the biopharmaceutical and other important life science areas.
Global Industrial Filtration Key Market Trends
A significant development prospect is the digitalization of filtration devices, which enables the monitoring of industrial filters in real-time. The filters have sensors built in that keep track of the air cleaners' load status and send service-related data to the plant operator. By preventing unplanned equipment downtimes, this technique aids in the best possible planning of maintenance. Filters linked to sensor technologies can be changed at precisely the right moment. Additionally, it helps to reduce the chance of utilising filters past their usefulness, ensuring the machines' longest possible service lives.
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