Product ID: SQSG20I2021
Global Industrial Filtration Market Size, Share, Growth Analysis, By Filtration Type(Air, Gas), By Filter Media(Activated Carbon, Fiberglass), By Application(Food & Beverage, Power Generation) - Industry Forecast 2023-2030
Report ID: SQSG20I2021 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 97 | Figures: 76
Global Industrial Filtration Market Insights
Industrial Filtration Market size was valued at USD 20.5 billion in 2021 and is poised to grow from USD 23.2 billion in 2022 to USD 36 billion by 2030, growing at a CAGR of 6.49% in the forecast period (2023-2030).
The market is influenced by a number of significant factors, such as government-enacted environmental regulations and policies, the need for safe working environments in industrial facilities, the rising demand for equipment dependability and equipment lifespan extension, and the growth of industry in developing nations.
The need for safe working environments in industrial facilities, rising urbanisation and industrialization across the globe, particularly in Asia-Pacific, stringent government policies that aim to eliminate or limit airborne pollutant concentrations in order to protect human health, and rising consumer demand for high-quality products are all driving the growth of the global industrial filtration market.
The market is largely driven by the water and wastewater treatment industry. The sector uses a number of procedures, including sewage treatment, water recycling, effluent treatment, and water treatment. Technology used in the sector also includes testing, disinfection, and distillation. The need for industrial filtering, which is necessary to remove pipe scale, algae, sand, and slit from the primary water source, is anticipated to increase as a result.
US Industrial Filtration Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Industrial Filtration Market Segmental Analysis
The global industrial filtration market is segmented based on filtration type, application and region. Based on filtration type it is categorized into air, gas, liquid. Based on application Industrial Filtration Market is categorized into: food & beverage, power generation, semiconductors & electronics, chemical & petrochemicals, metals & mining, paper & paints, others. On the basis of filteration media it is classified into activated carbon, fiberglass, nonwovens, metals, filter-paper, combination filters & others. Based on region Industrial Filtration Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Industrial Filtration Market Analysis by Filtration Type
In 2021, liquid filtration retained a majority market share of 57.3 percent. The industrial filtration market has been driven by strict government rules that require enterprises to filter the water they dump into the environment and by high adoption costs for these filters. The demand for liquid centrifugal filtering systems that produce zero discharge and zero emission for manufacturing and other industries, is rising. The expansion of the liquid type segment of the industrial filtration market is anticipated to be fueled by rising environmental laws pertaining to the discharge of pollutants into water bodies.
Industrial Filtration Market Analysis by Filtration Media
The market is divided into segments for activated carbon, fibreglass, nonwovens, metals, filter-paper, combination filters, and others when it comes to filter media.
As it is simple to regenerate activated carbon in-situ through the application of heat and chemical treatment, it is attractive for use in applications requiring continuous filtration. The activated carbon market segment is anticipated to grow significantly since there is a growing emphasis on employing reusable media.
Additionally, a significant portion of the market will be accounted for by combination filters and other filter media. Combination filters are in demand since many filter media are unable to handle all of the pollutants found in effluents on their own. In order to meet the demand for materials that do not hurt the environment, numerous unique renewable media, such as nutshells and plant fibres, have gained momentum. This has fueled the expansion of the combination filters & others market. During the anticipated period, the non-woven fabric segment is anticipated to continue to dominate the industrial filtration market. Because it is strong, reusable, water-resistant, hypoallergenic, fire-resistant, soft, light, and occasionally washable, this filter media segment's market is expanding.
Industrial Filtration Market Analysis by Application
Food & beverage, power generation, semiconductors & electronics, chemicals & petrochemicals, metals & mining, paper & paints, and others are the application-based divisions of this market. Due to the growing demand for high purity raw materials in both liquid and gaseous forms, the healthcare sector is anticipated to occupy the greatest share of the market. Additionally, the current Covid-19 epidemic is expected to significantly increase during the forecast period the attention on healthcare, driving the expansion of this healthcare market.
On the other hand, a growing worldwide population and a need for healthy and secure food products will drive significant market share growth for the food & beverage industry throughout the projection period.
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Global Industrial Filtration Market Regional Insights
In North America, the industrial filtration market was valued to be worth more than USD 18.58 billion in 2021. This is the result of large investments made by regional industry to comply with rules set by organisations like the EPA and WHO. Furthermore, the region's market is being supported by thriving sectors including healthcare and electricity generation. Global demand for semiconductors and microelectronics has surged as a result of rapid digitalization. Asia Pacific has a substantial market share because it is the centre of the electronics sector. On the other hand, the market in Europe will be defined by expanding food and beverage and pharmaceutical sectors there.
On the other hand, the market in Latin America, the Middle East, and Africa is still in its infancy and is expected to grow steadily over the next years. In the upcoming years, the growing movement of manufacturing industries from developed to emerging regions will present appealing chances for market players. As a result, these industries will have access to new and advanced filtering products.
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Global Industrial Filtration Market Dynamics
Industrial Filtration Market Driver
- Industries are required to install air and liquid filtering equipment as a result of the implementation of rigorous rules brought on by growing environmental concerns. The market has been driven at a global level by strict government rules limiting the emissions levels that encourage the usage of industrial filtration systems.
- Industrial filtration is being increasingly digitalized as a result of Industry 4.0 adoption, which has aided producers in efficiently tracking operational performance and gathering real-time data. The information gathered in this way aids in monitoring and assessing system performance as well as gathering system overview, forecasting maintenance requirements and downtime, and automating procedures.
- Transformative advances in the pharmaceuticals & life sciences industry have led to the extension of human life expectancy along with the provision of a healthy and productive lifestyle. As a result sectors such as diagnostic and medicine research, which utilizes these filtration technologies have increasingly utilized these filtration technologies such as microfiltration, and ultrafiltration rather than chemical technologies to keep products safe and pure. Thus, the growth of the healthcare industry is expected to drive the growth of the market.
Industrial Filtration Market Restraint
- Industrial filtration is one of the most crucial components of an effective industrial process, but it also presents difficulties due to its constrained functions. For instance, despite industrial filters' best efforts, viruses, VOCs (volatile organic compounds), mould, and bacteria smaller than 0.4 microns can still enter homes and businesses and have an adverse impact on the quality of the air inside.
- One of the biggest challenges is its expensive nature and large size. Additionally, industrial filtering systems require complex maintenance since they cannot handle continuous use when the system is not self-cleaning and is clogged with waste particles. The industrial filtration market's expansion is constrained by high capital and operating expenses.
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A critical challenge affecting the growth of the market is the substantial usage of energy during the industrial filtration process. Processes such as ultrafiltration, and centrifugal filtration account for a significant amount of energy used in the processing industry. With the rising cost of energy across the globe, this factor critically affects the profit potential of the manufacturers thus, creating opportunities for other treatment processes over filtration processes. This is anticipated to decrease the growth potential of the market.
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Global Industrial Filtration Market Competitive Landscape
- There are a few global players that are acting in larger part of the nations and a developing number of more modest players in the provincial level, who are offering moderate quality items in a reasonable scope of costs. To better serve clients in the filtration & separation market, major market players have embraced product launch, business growth, agreement, and acquisition as their primary developmental tactics. The major players in the market are Parker Hannifin Corp (US), Alfa Laval (Sweden), Camfil (Sweden), Ahlstrom-Munksjö (Sweden), Lenntech B.V. (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)and many others.
Top Players in the Global Industrial Filtration Market
- Pall Corporation
- Donaldson Company, Inc.
- Eaton Corporation plc
- Parker Hannifin Corporation
- Filtration Group Corporation
- Camfil
- Ahlstrom-Munksjö
- Freudenberg Filtration Technologies SE & Co. KG
- Mann+Hummel Group
- Clarcor Industrial Air
- Alfa Laval
- Lenntech BV
- Sefar AG
- BWF Envirotec
- Cummins Filtration Inc.
- Mott Corporation
- Pentair plc
- Porvair plc
- 3M Company
- W. L. Gore & Associates, Inc.
Recent Developments
- In September 2022,Hengst Filtration continues to focus on growth and the expansion of business activities in the field of filtration solutions for industrial and indoor air applications with the acquisition of The Linter GGroup.LThe Linter Group has been supplying the South American market with filtration solutions for keeping indoor air clean and improving water quality since 1995 with around 100 employees. The products can be found in the food industry, in laboratory and pharmaceutical facilities or in commercial air conditioning and ventilation technology.
- In November 2021, with the introduction of its gas combustion unit 2.0, Alfa Laval expanded its LNG portfolio. This additional investment will assist the business in extending its reach across many Gulf nations.
- In October 2021, Donaldson Company purchased Solaris (US) in order to improve its ability to provide customers in the food and beverage industry more comprehensive filtering solutions and to increase its access to the biopharmaceutical and other important life science areas.
- In September 2021, Eaton developed a new Zero-Leak Compact Combo Valve that stacks a Fill Limit Vent Valve (FLVV) with a new Zero-Leak Grade Vent Valve to securely vent dangerous evaporative fuel vapours in the tank (GVV).
Global Industrial Filtration Key Market Trends
- A significant development prospect is the digitalization of filtration devices, which enables the monitoring of industrial filters in real-time. The filters have sensors built in that keep track of the air cleaners' load status and send service-related data to the plant operator. By preventing unplanned equipment downtimes, this technique aids in the best possible planning of maintenance. Filters linked to sensor technologies can be changed at precisely the right moment. Additionally, it helps to reduce the chance of utilising filters past their usefulness, ensuring the machines' longest possible service lives.
Global Industrial Filtration Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, in terms of revenue, the gas & liquid segment led the filtration & separation market in 2021, but the air sector is anticipated to increase at the highest CAGR over the course of the forecast period. According to filtration media, the sector for activated carbon held the market's top spot in 2021; however, the segment for combination filters is predicted to have the highest CAGR going forward. North America generated the most revenue regionally in 2021, but Asia-Pacific is predicted to have the fastest CAGR throughout the projection period.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 20.5 billion |
| Market size value in 2030 | USD 23.2 billion |
| Growth Rate | 6.49% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Industrial Filtration Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Industrial Filtration Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Industrial Filtration Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Industrial Filtration Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Industrial Filtration Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Industrial Filtration Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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