In 2032, the market for industrial filtration is projected to generate US$ 56,834.1 Million while growing at a CAGR of 5.7%. In 2022, the market is anticipated to be worth US$ 32,789 Million. The market showed a 4.1% growth rate from 2016 to 2021.
A technique for removing impurities from the air and gases of an industrial process is industrial filtration. In many industrial processes, air filtration and separation systems protect the workspace and equipment. An industrial water filtration system enables companies to cut costs and improve their environmental performance. Consumers must now more than ever protect the environment, and filtration systems help make sure that processes are environmentally friendly.
Despite the fact that employees at the workplace wear body protection and air filters, it is essential that industrial environments be outfitted with strong and heavy-duty industrial filtration systems to improve the quality of the air within the workplace. As a result, production output increases, machinery lifespans are extended, and most importantly, airborne diseases are avoided. With the creation of numerous consumer products using filtration equipment, such as air purifiers, water filters, and air conditioners, it is anticipated that the market for filtration equipment will continue to expand over the upcoming years.
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Competition Analysis
Key players in the global industrial filtration market include
Eaton Corporation Plc, Industrial Filtration, Inc., Pentair Plc, Clarcor Inc., Mann+Hummel Group, Filtration Group Company, 3M Company, Cummins Filtration, Freudenberg Filtration Technologies, Fil-Trek Corporation, Alfa Laval AB, Parker Hannifin Corporation, W. L. Gore & Associates, Inc., Donaldson Company, Inc., ZwitterCo, MI Systems, mdi Memebrane Technologies, Woosh, EKOTON Industrial Group, ESMIL Process Systems and others.
- In April 2022, Woosh raised US$ 1.3 Million in a pre-seed round of funding aimed at improving indoor air quality and HVAC (heating, ventilation, air conditioning) efficiency. This company has now launched on Kickstarter and anticipates delivering its consumer product during the fourth quarter of 2022.
- In May 2022, EKOTON Industrial Group and ESMIL Process Systems announce a brand merger. ESMIL Group begins operations as a common name for the companies. In 2020, the brands were formally merged under one owner, and later they are taking the next step and merging them. With the company’s knowledge and vast experience in the water/wastewater industry combined with the synergy of power and production dynamics, the firm can address even the most demanding challenges.
- In September 2022, ZwitterCo, Wastewater reprocessing startup announced it had raised $33 million for developing chemically engineered membrane water filtration systems for large farms and industrial companies. Researchers at Tufts University developed the patented filtration technology.
Factors Responsible for the Growth of the Global Industrial Filtration Market
With the advent of the industrial revolution, a number of industries have been set up for every product in various fields. As industrialization grows around the world, its influence is expected to positively influence industrial filtration market growth, thus driving it steadily in the market.
The cement, pharmaceutical, paper, and petroleum industries are the main industries using industrial filtration systems. Industrial filtration market growth has been largely attributed to the implementation of activated carbon filters in the water treatment industry for the removal of chlorine and other effluents. These factors will lead to an increase in the adoption of these filtration systems in the industries in the near future, resulting in a faster growth rate of the market.
In addition, the enforcement of the rules and regulations by the government and environmental agencies to reduce air and water pollution emissions has positively affected the development of the industrial filtration market. Food & beverage companies are installing filtration systems in their manufacturing facilities to prevent diseases like heart disease, obesity, and diabetes. Also, with the growing popularity of organic farming and the widespread application of pesticides and fertilizers, food safety concerns will increase, which in turn will drive the demand for filtration systems in the market.
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Key Segments Profiled in the Global Industrial Filtration Market
Industrial Filtration Market by Product Type:
- Air Filters
- Bag Filters
- HEPA
- ULPA
- PTFE Membrane
- Electrostatic Precipitator
- Others
- Liquid Filters
- Strainers
- Cartridge
- Depth Filter
- Others
Industrial Filtration Market by End Use:
- Automotive
- Food and Beverages
- Mining
- Power Generation Plants
- Chemical
- Petroleum
- Pharmaceutical
- Others
Industrial Filtration Market by Region:
- North America Industrial Filtration Market
- Latin America Industrial Filtration Market
- Europe Industrial Filtration Market
- East Asia Industrial Filtration Market
- South Asia Industrial Filtration Market
- Oceania Industrial Filtration Market
- The Middle East & Africa Industrial Filtration Market
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