Industrial Filtration Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2030

Industrial Filtration Market Overview

Industrial Filtration Market share is projected to be worth USD 37.05 Billion by 2027, registering a CAGR of 6.49% during the forecast period (2021 - 2027).

During operations, industrial filters are used to filter or separate industrial oils, gases, and lubricants. It is capable of separating liquid and solid particles and allowing them to pass via different outlets without disrupting the process. Manufacturers in the food and beverage, water and wastewater, oil and gas, chemicals, pharmaceuticals, and biotechnology industries are currently using filtration technologies. Environmental improvements in industrial areas have been legislated due to rising pollution levels and the imminent necessity for worker safety. The rise of industrial liquids and pollutants has prompted government officials to implement policies aimed at reducing their production in various industries.

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CAGR	6.49% CAGR (2022-2030)
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Media and End-Use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Market Segmentation

Based on the Type, the global market has been segmented as follows:

● Liquid Filters

● Air Filters

Based on the Media, the global market has been segmented as follows:

● Metal

● Fiber Paper

● Fiber Glass

● Non-woven Fabrics

● Activated Charcoal/Carbon

● Others

Based on the End-use Industry, the global market has been segmented as follows:

● Pharmaceutical

● Power Generation

● Oil & Gas

● Manufacturing

● Others

Based on the region, the global market has been segmented as follows:

● North America

● Europe

● Asia-Pacific

● Rest of the World(RoW)

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Regional Classification

Due to rising industrialization and an increasing number of programs aimed at reducing harmful emissions, APAC is likely to hold a significant proportion of the worldwide industrial filtration market. The founding of the Asian Industrial Gases Association, which promotes safety and industrial knowledge of dangerous gases, as well as the use of air filters to restrict their flow, is an example of this.

North America is likely to drive the need for industrial filtration owing to the presence of numerous organizations in oil & gas, food & drinks, metal & mining, power generation, and pharmaceutical industries. The market may benefit from the rise of the manufacturing sector and the region's vast consumer base.

The major key players of the market are Parker Hannifin Corp (U.S.), Alfa Laval (Sweden), Camfil (Sweden), Ahlstrom-Munksjö (Sweden), Lenntech B.V. (the Netherlands), MANN+HUMMEL (Germany), Pall Corporation (U.S.), Sidco Filter Corporation (U.S.), Filtration Group Corporation (U.S.), Donaldson Company (U.S.), Freudenberg Group (Germany), Cummins Inc. (U.S.), and Eaton (Ireland). Investments in the most up-to-date filtration systems, as well as legislation implemented by governments in various countries, fuel worldwide industrial filtration market rivalry. Players use methods including research and development, acquisitions, and product releases to stay afloat in the market. For players, replacing obsolete filters could be a great way to broaden their reach in poor countries.

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