Industrial Filtration Market Scenario
Stringent regulations pertaining to emissions and treatment of industrial waste coupled with growing industrialization & urbanization are some of the major factors propelling the industrial filtration market globally. Furthermore, growing demand from semiconductors & electronics manufacturing sectors is also one of the factor driving the industrial filtration market. However, growth in renewable energy sources is one of the major restraint of the global industrial filtration market.
Industrial Filtration Market Segmentation
The industrial filtration market is segmented by technology, type, filter media, end-use industry and geography. Various technologies used by industrial filtration systems are liquid filtration (pressure filtration, centrifugal filtration, gravity filtration, vacuum filtration and others) and air filtration (mechanical, electronic and gas phase). Industrial filtration are manufactured in various types such as liquid filtration (filter press, bag filter, drum filter, depth filter and others) and air filtration (HEPA, ULPA, Bag Filters, Electrostatic Precipitator and Others). Furthermore, the filtration media comprises of activated carbon/charcoal, fiber glass, filter paper, metal, non-woven fabric and others. Industrial filtration are used in various end use industry such as manufacturing, power generation, oil & gas, pharmaceuticals, metals & mining and process industry. Geographically, the industrial filtration market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW
Industrial Filtration Market by Geography
The industrial filtration market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of World. Among these, the Asia Pacific region is anticipated to account for the largest market share in 2019. Emission regulations accompanied with the need for clean indoor air facilities is one of the major factors that drives this market in the region. Moreover, the growth in manufacturing, power generation, oil & gas, and food & beverage industries has laid a great influence in the economic development of the countries in the region
Industrial Filtration Market Key Players
Some of the major players operating in the global Industrial Filtration market includes Benchmarking, Ahlstrom-Munksjö, Alfa Laval, Camfil, Cummins, Donaldson, Eaton, Filtration Group, Freudenberg, xLenntech, Mann+Hummel, Pall Corporation, Parker Hannifin, Sidco, Andritz, Evoqua Water Technologies, Gea Group, Veolia Water Technologies, Suez Water Technologies, SPX Flow, DOW Water & Process Solutions, Nordic Air Filtration, Hydac and Fuji Filters. New product development is the most commonly adopted strategy by the top companies. This was followed by mergers & acquisitions, investments & expansions, joint ventures, and partnerships & collaborations.
Industrial Filtration Market Report Key Benefits