A new market study, titled “Global Industrial Filtration Market Research Report- Forecast till 2025” has been featured on WiseGuyReports.
Global Industrial Filtration Market: Information by Type, Media, End-Use Industry and Region - Forecast till 2023
For filtering and cleansing the industrial oils, gases, lubricants and water in industrial operations Industrial filters are used. It splits halted solid matter from a liquid by affecting the latter to pass through the pores of a material or substance. The liquid that is passed from the filter is called filtrate liquid. The stringent environmental regulations have led to the growth of the global industrial filtration market worldwide. Furthermore, the need for clean and safe working environment is likely to fuel the market growth. However, the use of renewable energy sources for power generation is projected to hamper the growth of the market during the forecast period.
The industrial filtration market, based on type, continues to be segmented into air filters and liquid filters. The industrial filtration markets, based on media, have been segmented into fiber glass, activated charcoal/carbon, fiber paper, metal, nonwoven fabrics, and others. Based on end-use industry, the market is actually segmented into manufacturing, oil & gas, power generation, pharmaceutical, and others. The manufacturing section is likely to keep a significant share with a market value of USD 15981.1 Million till 2025.
The global industrial filtration market, based upon region, is actually split up into the North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific is actually likely to contain the biggest share of the global industrial filtration market. This owes to the rapid development of industrialization and rise in the number of government initiatives to minimize the emission of harmful contaminants into the atmosphere. North America market is expected to have considerable growth in the market because of the increase in government regulations for emission control and the increasing demand for industrial filtration in industries such as oil & gas, pharmaceuticals, and power generation. The US kept a share of 70.8% within the North America market in 2018. Europe is likely to increase its market in the global market because of the existence of different standards to reduce air pollutants in the environment. Additionally, the Middle East & Africa and South America is likely to attract the key players in the global industrial filtration market.
Product development, mergers, innovation, contracts, and acquisition are few crucial techniques followed by the global players operating in the industrial filtration market. The notable players in the global industrial filtration market are- Freudenberg Group (Germany), Alfa Laval (Sweden), Eaton (Ireland), Donaldson Company, Inc. (US), MANN+HUMMEL (Germany), Lenntech B.V. (Netherlands), Camfil (Sweden), Cummins Inc. (US), as well as others.
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)