Impact of COVID-19 on Portable Filtration Systems Market : Implications on Business

Portable filtration is a major requirement in a rapidly changing world. The bifurcation of suspended solid matter from a liquid, where the liquids are forced to pass through the pores of some substance, is termed as filtration. Portable filtration systems are utilized to filter nearly any type of hydraulic fluid, including coolants, lubricating oils, and insulating oils. Filter carts are utilized in small-sized to medium-sized reservoirs with low values of flow rates. Portable filter systems are adaptable with mineral-based industrial fluids. Portable filter carts provide a cost effective solution for maintaining fluid cleanliness in various applications by using the same lubricant.

The portable filtration systems market can be segmented based on type of technology, flow rate, end-user, and region. Based on type of technology, the portable filtration systems market can be segmented into pressure filtration systems, centrifugal filtration systems, and vacuum filtration systems. Pressure filtration systems are utilized to protect downstream components from getting contaminated with contamination levels exceeding beyond the recommended cleanliness goal.

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Centrifugal filtration systems utilize the pressure of the fluid mean utilize the pressure of the fluid in order to travel through the system to rotate the rotor at greater speeds that are high enough to separate impure particles from the fluid. Vacuum filtration systems utilize a vacuum chamber to draw dirty coolant through the disposable of the filter media. In terms of flow rate, the portable filtration systems can be further segmented into 0 GPM-10 GPM, 11 GPM-20 GPM, 21 GPM- 60 GPM, 61 GPM- 90 GPM, and above 90 GPM. The 0 to 10 GPM segment is the commonly preferred type of flow rate and is utilized in several industrial processes. Cost effectiveness of small portable filtration systems with less flow rates, which possess medium to high viscosity range is driving the 0 to 10 GPM segment of the market. Based on end-user, the portable filtration systems market can be classified into power generation, manufacturing sector, oil & gas sector, pulp making, and paper manufacturing sector. Power generation is a major end-use segment of the portable filtration systems market.

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Major drivers of the portable filtration systems offers ability to provide ultra-fine filtration of the substances when in need are one of the major drivers. Pre-filtering of the new unused oil, and eliminating any contaminants that may have entered during transit or in storage prior to use are also driving factors of portable filtration systems market. A key restraint of the portable filtration system market is the high cost of production.

In terms of region, countries in Asia Pacific such as India, China, Japan, and Australia, witnessed an increase in demand for portable filtration systems. This is due to the rapid urbanization and expansion of the automotive, construction, and power generation sector. Demand for portable filtration systems in North America is high due to the plan by the U.S. government’ to refurbish its infrastructure. In Europe, countries such as Germany, Italy, France, and the U.K. are expected to witness a rise in demand for portable filtration systems market due to rapid industrialization. Countries in Latin America such as Brazil and Mexico are anticipated to witness an increase in demand for portable filtration systems market due to rapid urbanization in these countries. Middle East and Africa is also likely to witness a rise in demand for portable filtration systems market for power generation in agriculture purposes in the near future.

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Key market players operating in the portable filtration systems are Eaton, Bosch Rexroth, Y2K, Parker-Hannifin, and Trico Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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