The industrial filtration global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Industrial Filtration Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The industrial filtration market size has grown strongly in recent years. It will grow from $31.86 billion in 2023 to $34.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in industrialization and manufacturing activities, increased awareness of workplace health and safety, expansion of water treatment and wastewater management, need for process optimization and efficiency in industries, rise in concerns about contaminant removal in industrial processes.
The industrial filtration market size is expected to see strong growth in the next few years. It will grow to $44.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to focus on sustainable and eco-friendly filtration solutions, adoption of advanced nanofiber and membrane filtration technologies, demand for high-purity filtration in pharmaceutical and biotechnology industries, research and development in next-generation filtration materials and processes, expansion of filtration solutions in growing healthcare and life sciences sectors. Major 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.
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Scope Of Industrial Filtration Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Industrial Filtration Market Overview
Market Drivers –
The necessity of a safe working environment in industrial conveniences is expected to propel the industrial filtration market. The industries are full of pollutant substances such as coarse, liquid dust pollutants, acetylene, benzene, methane, ethane, propane, and hydrogen that might degrade the health condition of employees. Due to this, a safe working environment becomes a necessity to ensure the safety and healthiness of employees and enhance their productivity. The government mandates and regulations regarding occupational health and safety are also the reasons to make a safe working environment a necessity. This necessity for a safe working environment will create a significant demand for industrial filtration as it can enable a safe working environment by eliminating contaminating particles from the air and other gases in industrial conveniences. For instance, in January 2023, according to Health and Safety Executive, a UK-based government agency, in the year 2021/22, the number of workers experiencing work-related ill health, whether new or ongoing, increased by nearly 6%, affecting 1.8 million individuals. Among these cases, the most prevalent issue was work-related stress, depression, or anxiety, accounting for 51% (914,000 cases), followed by musculoskeletal disorders at 27% (477,000 cases). Therefore, the necessity of a safe working environment in industrial conveniences is driving the growth of the industrial filtration market.
The industrial filtration market covered in this report is segmented –
1) By Type: Liquid, Air
2) By Filter Media: Activated Carbon/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
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Regional Insights –
North America was the largest region in the industrial filtration market in 2023. The regions covered in the industrial filtration market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the industrial filtration market include 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.
Table of Contents
- Executive Summary
- Industrial Filtration Market Characteristics
- Industrial Filtration Market Trends And Strategies
- Industrial Filtration Market – Macro Economic Scenario
- Global Industrial Filtration Market Size and Growth
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- Key Mergers And Acquisitions In The Industrial Filtration Market
- Industrial Filtration Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Industrial Filtration Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Industrial Filtration Market, Segmentation By Filter Media, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Industrial Filtration Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Danaher Corporation Financial Performance
Table 76: Parker Hannifin Corporation Financial Performance
Table 77: Eaton Corporation plc Financial Performance
Table 78: Donaldson Company Inc. Financial Performance
Table 79: Mann+Hummel International GmbH & Co. KG Financial Performance
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