Global Industrial Filtration Market

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 2024-2031

Report ID: SQMIG20I2154 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 97 | Figures: 76

Global Industrial Filtration Market News

  • 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).
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Industrial Filtration Market size was valued at USD 20.5 billion in 2019 and is poised to grow from USD 23.2 billion in 2023 to USD 36 billion by 2031, growing at a CAGR of 6.49% in the forecast period (2024-2031).

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.'

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.

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.

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.

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