Market overview
According to the research report, by 2027, the industrial filtration market report is estimated to have a worth USD 49.87 billion. In the estimated period of 2021-2027, a CAGR of 7.58% is predicted. The market value in 2020 was USD 30.91 billion in 2020.
The industrial filtration market is growing globally at a rapid pace due to sudden rising pollution levels. The sudden rise in industrialization across the globe impacts the growth of the market positively, with the increase of various harmful gases & liquids that are released into the environment. With the growing oil & gas, pharmaceutical, aerospace &defense, energy & power, food & beverages, chemical, automotive, and other industries, the market is predicted to witness rising shares in the next few years. The growth of industrial automation and data centers is a major operating force behind the industrial filtration market growth.
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The pandemic affected the industrial filtration industry positively. The coronavirus created fear and made us realize the importance of safe drinking water & sanitation and clean air. Especially, people living in slums and urban areas are vulnerable to diseases like the covid-19. The countries like the US, India, and China invested significantly in the growth of the manufacturing and process industries, with the rapid industrialization and urbanization to meet the growing demand for goods & services.
Market segmentation
The Industrial Filtration Market is segmented under the following components by type, by media, by region.
By Type
- Liquid Filters
- Air Filters
By Media
- Metal
- Fiber Paper
- Fiber Glass
- Non-woven Fabrics
- Activated Charcoal/Carbon
- Others
By End-use Industry
- Pharmaceutical
- Power Generation
- Oil & Gas
- Manufacturing
- Others
Regional analysis
The global industrial filtration system market is led by the Asia Pacific region. The Factors such as rising government initiatives and rapid industrialization for minimizing harmful industrial gas emissions and water pollution are the factors that operate the market growth. Besides, the rising awareness for safety and implementation of air filters for restricting harmful industrial gases enhances the region’s industrial filtration market size. The presence of technology providers and early adopters of advanced filtration technologies put an influence on the industrial filtration market share.
Companies Involved
The main key players of the market are Parker Hannifin Corp (US), Alfa Laval (Sweden), Camfil (Sweden), Ahlstrom-Munksjö (Sweden), Lenntech B.V. (the Netherlands), MANN+HUMMEL (Germany), Pall Corporation (US), Sidco Filter Corporation (US), Filtration Group Corporation (US), Donaldson Company (US), Freudenberg Group (Germany), Cummins Inc. (US), Eaton (Ireland)
The global industrial filtration market competition is operated by investments infiltration systems and policies started by governments in various countries. Research and development and product launching are strategies incorporated by players to stay stable in the market. Replacement of old filters can be the main opportunity for players to expand their reach in developing countries.
Industry news
- The industrial air purifier market is predicted to reach $4164.2 million in 2027 at a rate of CAGR of 5.8%
- The industrial filtration market globally is about to reach $39.2 billion by 2026 and is expected to transform significantly after post covid.
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