filtration market size is anticipated to reach USD 48.52 Billion by 2026 on
account of the rapid urbanization and the increasing need for clean energy and
pure water. A recent report Fortune Business Insights™ titled, “Industrial Filtration Market Size, Share
& Industry Analysis, By Type (Air & Gas Filtration, and Liquid
Filtration), By Filter Media (Activated Carbon, Fiberglass, Nonwovens, Metals, Filter
paper, and Combination Filters & Others), By Application (Food &
Beverage, Power Generation, Semiconductors & Electronics, Chemicals &
Petrochemicals, Healthcare, Metals & Mining, Paper & Paints, and Others),
and Regional Forecast, 2019-2026,” offers a 360-degree overview of the
market. According to this report, the market value was USD 34.79 Billion in 2018 and rise at a CAGR of 4.3% between 2019 and
emergence of COVID-19 has brought the world to a standstill. We understand that
this health crisis has brought an unprecedented impact on businesses across
industries. However, this, too, shall pass. Rising support from governments and
several companies can help in the fight against this highly contagious disease.
Some industries are struggling, and some are thriving. Overall, almost every
sector is anticipated to be impacted by the pandemic.
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Browse Complete Report Summary@ https://www.fortunebusinessinsights.com/industry-reports/industrial-filtration-market-101206
What is the Scope of the Report?
report offers a qualitative and quantitative analysis of the market and provides
a 360-degree overview of the same. It highlights major factors that drive,
restrict, creates opportunities and challenges the market. The report also throws
light on the table of market segmentation based on factors such as type, media,
application, and geography with the list of names of leading segments, their
base and forecast figure with CAGR. Additionally, the report lists the names of
market manufacturers and the key strategies adopted by them to gain a
competitive edge in the market. To conclude, the report discusses significant
industry developments, current industrial filtration market trends, and other
interesting insights useful for market investors in the future.
Increasing Need for Energy to Drive the
increasing demand for a clean source of energy is the major factor boosting the
industrial filtration market growth. This, coupled with the rising
urbanization, increasing industrialization, and increasing need for environmental
protection is also expected to aid in the expansion of the market during the
forecast period. Furthermore, increasing healthcare, medical, and
pharmaceutical industries will also add impetus to the market.
the high utilization of energy during an industrial filtration process may pose
major challenges to the market. Nevertheless, the rising popularity of personal
fitness has led to increasing demand for healthy food and beverage products.
The expansion of the food and beverage industry is expected to create lucrative
growth opportunities for the market in the future.
North America to Continue Dominance
Owing to Increasing Demand from Power Generation Industries
2018, North America earned $16.28 billion on account of the massive investments
by industries all over the region to suffice to the restrictions imposed by
agencies such as WHO and EPA. Additionally, flourishing healthcare and power
generation industries also helped North America earn the dominant industrial
filtration market share and expected to continue so in the forecast period. On
the other side, the Asia Pacific market will attract significant share owing to
the presence of the electronic industry hub. Europe market, on the other hand,
will witness remarkable growth owing to the increasing number of food &
beverage and pharmaceutical industries in the region. Furthermore, Latin
America and the Middle East and Africa region is in its nascent stage and will
rise with the presence of unexplored market opportunities and increasing
Presence of Diverse Portfolio Helping
Major Companies to Hold a Share of Over 50%
global industrial filtration market is semi-consolidated with the top 10
companies holding an estimate of 50% and more shares in the market. This is
owing to the geographical expansion of the companies and diverse portfolio. Major
players have invested heavy amount into research and development of multiple
industrial filtration systems for their growth. Other players are engaging in
joint ventures, agreements, and contracts, mergers and acquisitions and other
strategies to attract high industrial filtration market revenue in the
List of Key Players of the Industrial Filtration Market include:
& Vose Company
Filter Company, Inc.
Dorstener Wire Tech
Mann + Hummel
Filtration Technologies SE & Co. KG
Alfa Laval Inc.
Significant Industry Developments of the Industrial Filtration
2019 – Hardy Filtration was acquired by Mann + Hummel for expanding their
businesses worldwide and earn large revenue. Both companies are also aiming at
increasing the production capacity of their subsidy Tri-Dem Filter Corporation.
2020 – Tanajib and Pall Corporation announced the formation of Pall Arabia,
their collaborative effort to provide filtration services and products to the
petroleum, and oil & gas industries in the GCC region.