The Industrial Filters Global Market Report 2023, provides comprehensive information on the industrial filters market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Industrial Filters Global Market Report 2023, the global industrial filters market is expected to grow from $3.05 billion in 2022 to $3.22 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global industrial filters market is expected to grow to $3.95 billion in 2027 at a CAGR of 5.2%.
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Technological advancement is a key trend gaining popularity in the industrial filter market. Major companies operating in the industrial filter market are focused on developing new technological solutions to strengthen their position in the market. For instance, in October 2020 Donaldson Company, Inc., a US-based manufacturer of filtration systems and parts, recently introduce Torit Rugged Pleat (RP) baghouse, an industrial dust collector. The collector is made to collect the heavy, abrasive dust that is produced by mining, lumber, grain, and other industries. Using Ultra-Web Spunbond filters helps to reduce filter change-out times by 72%. Works 44% more efficiently than other fillers.
The industrial filters market is segmented:
1) By Type: Liquid Filtration, Air Filtration
2) By Filter Media: Activated Carbon/Charcoal, Fiber Glass, Filter Paper, Metal, Non-Woven Fabric, Other Filter Media
3) By Industry: Food and Beverage, Chemicals & Petrochemicals, Power Generation, Oil and Gas, Pharmaceuticals, Metal and Mining, Automotive, Other Industry
Asia-Pacific was the largest region in the industrial filters market in 2022.
The table of contents in TBRC’s industrial filters market report includes:
- Executive Summary
- Industrial Filters Market Characteristics
- Industrial Filters Market Trends And Strategies
- Industrial Filters Market – Macro Economic Scenario
- Industrial Filters Market Size And Growth
- Industrial Filters Market Segmentation
- Industrial Filters Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Industrial Filters Market
- Industrial Filters Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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