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The industrial filtration market size is forecast to increase by USD 11.4 billion at a CAGR of 5.71% between 2023 and 2028.
The industrial filtration industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The industrial liquid filtration segment is estimated to witness significant growth during the forecast period. Industrial liquid filtration involves the separation of solids from liquids using filtering media, allowing only the purified liquid to pass. This process is crucial in various industries, including oil and gas, petrochemicals, pharmaceuticals, and power generation. Compliance with regulations and stringent requirements, particularly In the food and beverage sector, drives the growth of this market. Techniques such as ultrafiltration, centrifugal filtration, and surface filtration are employed to remove contaminants like dust particles and airborne particles. Filter media like Activated Carbon/Charcoal, Fiberglass, Filter Paper, Metal, and Nonwoven Fabric are commonly used. Applications include fuel filtration, cooling water filtration, and wastewater treatment.
The market expansion is influenced by the need for filtration in industries such as petroleum refineries, petrochemical plants, and power generation, as well as the increasing demand for water filtration systems due to environmental concerns and pollution mitigation.
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The Industrial liquid filtration segment was valued at USD 1.92 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is experiencing growth due to the increasing demand for wastewater treatment In the chemical industry. Industrial filters are essential In the chemical processing sector, which produces intermediate products for various industries, including agriculture, rubber, plastics, textiles, pulp and paper, and petroleum. The US chemical industry is expanding due to the low cost of natural gas, revitalizing the petrochemical sector after years of decline. Industrial filtration solutions are integral to numerous applications, including emissions control, real-time monitoring, and the processing of crude oil, gasoline, diesel, jet fuel, petrochemicals, plastics, pharmaceuticals, and more. Filtration technologies include filter media such as Activated Carbon/Charcoal, Fiberglass, Filter Paper, Metal, and Nonwoven Fabric, as well as filtration methods like Ultrafiltration, Centrifugal filtration, Surface filtration, Horizontal filtration, Cross-flow filtration, and Cake filtration.
These filtration systems are crucial for various industries, including power generation, oil and gas, metals & mining, automotive, and water treatment. Effective filtration systems help prevent environmental damage by reducing contaminants and pollution, ensuring the production of cleaner products and reducing the risk of airborne diseases.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing number of oil refineries is the key driver of the market.
Innovations in industrial filtration equipment by vendors is the upcoming market trend.
What challenges does the Industrial Filtration Industry face during its growth?
Filtration equipment failures due to less maintenance is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The industrial filtration market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the industrial filtration market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, industrial filtration market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
3M Co. - The market encompasses a range of solutions designed to remove impurities from various industrial processes. One notable provider offers the 3M Micro Klean RT Series filter, the 3M Metal Ion Purifier SCP Series Filter cartridge, and the 3M Betapure AUL Series Filter cartridge. These filtration offerings cater to diverse industries, ensuring efficient separation of particles and contaminants for improved process performance and product quality. The 3M Micro Klean RT Series filter delivers superior filtration efficiency, while the 3M Metal Ion Purifier SCP Series Filter cartridge effectively removes metal ions. The 3M Betapure AUL Series Filter cartridge is designed for ultrafiltration applications, providing reliable separation of suspended solids and macromolecules. With a focus on innovation and quality, this company's industrial filtration solutions enhance operational efficiency and contribute to sustainable industrial processes.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Industrial filtration plays a crucial role in various industries, ensuring the separation and purification of fluids and gases. This process is essential for mitigating emissions, preventing environmental damage, and maintaining the quality of final products. Real-time monitoring and effective filtration systems are vital in industries such as petroleum refineries and petrochemical plants. The demand for filtration solutions is driven by the need to remove contaminants, including dust particles and airborne particles, from industrial processes. These contaminants can lead to environmental damage, pollution, and potential health hazards. Filtration systems are employed in various industries, including power generation, oil and gas, metals and mining, automotive, and water treatment.
Filter media, such as activated carbon/charcoal, fiberglass, filter paper, metal, and nonwoven fabric, are used extensively in filtration processes. Different filtration techniques, including ultrafiltration, centrifugal filtration, surface filtration, horizontal filtration, cross-flow filtration, and cake filtration, are utilized based on the specific requirements of the application. Filtration technology has evolved significantly over the years, with advancements in materials and filtration methods. For instance, nanofiber filters have gained popularity due to their high filtration efficiency and low pressure drop. Electrical equipment, such as air filtration systems, separation systems, and water filtration systems, are integral components of various industries, ensuring the cleanliness and quality of the air and water used In their processes.
The industrial revolution brought about a significant increase In the demand for filtration solutions, with the need to address the environmental challenges arising from industrialization. Today, filtration technology continues to play a crucial role in addressing the challenges of various industries, including the removal of contaminants from wastewater treatment systems and the prevention of airborne diseases in power plants and vehicle production facilities. The integration of renewable energy sources, such as wind and solar power, into the power generation sector has also increased the demand for filtration solutions. Filtration technology is employed In the production of raw materials, such as cement, steel, textiles, fertilizers, paints and inks, chemicals, electronics, and mines and minerals, ensuring the quality and purity of the final products.
In conclusion, industrial filtration is a critical process that ensures the separation and purification of fluids and gases in various industries. The demand for filtration solutions is driven by the need to mitigate emissions, prevent environmental damage, and maintaIn the quality of final products. Filtration technology continues to evolve, with advancements in materials and filtration methods addressing the specific requirements of various industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.71% |
Market growth 2024-2028 |
USD 11400.65 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.82 |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Market Segmentation by Filter Media
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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