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Bangalore, India, February 26, 2021/PRNewswire/ - The industrial filtration market is segmented by type-air, liquids, applications-manufacturing, power generation, oil and gas, pharmaceuticals, metals and mining, processing industries, by region & Regional growth of major players: global opportunity analysis and industry forecasts, 2021-2026. This report is published on the evaluation report of the industrial materials and equipment category.
By 2026, the global industrial filtration market is expected to reach US$29.17 billion from US$23.87 billion in 2020, with a compound annual growth rate of 3.4% from 2021 to 2026.
The main factors driving the growth of the industrial filtration market are the increasing requirements of industrial facilities for safe working environments, the government's strict regulations to curb air pollution, and the increasing demand for reducing energy consumption in multiple industrial applications.
This report focuses on the volume and value of industrial filtration at the global, regional, and company levels. From a global perspective, this report represents the overall scale of the industrial filter market by analyzing historical data and future prospects. From a regional perspective, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
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Trends affecting the growth of the industrial filtration market
It is expected that during the forecast period, increasing environmental impact and health issues will drive the growth of the industrial filtration market.
The implementation of favorable government regulations related to emission standards and employee health and safety regulations is expected to increase the growth of the industrial filtration market. The growth of industrial and manufacturing units, the automotive and commercial sectors has led to the introduction of a number of regulations related to industrial air filtration. In addition, the global adoption of the "Kyoto Protocol" in an attempt to minimize greenhouse gas emissions through the use of industrial air filtration principles is expected to promote the expansion of the industrial air filtration market.
The technological advancement of industrial air filtration systems is expected to promote the expansion of the industrial filtration market. Modern industrial air filtration products enable filter system designers and plant managers to reduce operating costs and achieve energy savings, and meet the necessary quality standards. For example, the use of oxidation suppression in wet scrubbers provides many benefits, such as low reagent costs and low reagent usage. It is expected that during the forecast period, the use of such complex technologies and mechanisms will promote the development of the industrial air filtration market.
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Analysis of Industrial Filtration Market Share
Due to the increased demand for zero emissions and zero emissions in manufacturing and public utilities, the liquid filtration field is expected to occupy the largest industrial filtration market share. Strict government regulations discharge pollutants into water bodies and are expected to promote the growth of the liquid industrial filtration market by investing in sewage treatment plants. In addition, the installation of advanced environmental protection technologies in sewage treatment plants to treat industrial water may increase the liquid filtration market.
According to the application, the power generation sector is expected to have the largest industrial filtration market share during the forecast period. As industrial air filtration systems help control harmful, hazardous and radioactive gas sources, the market is expected to grow considerably. In addition, power plants must force air and gas flow rates to be kept within environmental limits, leading to an increase in the use of such purification equipment.
Based on this region, North America is expected to have the largest industrial filtration market share. This dominance in North America is attributed to strict emission regulations and the region's demand for clean indoor air facilities.
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Global Industrial Filtration Market: Major Players
Global Industrial Filtration Market: Main Regions
Global Industrial Filtration Market: Segmentation by Type
Global Industrial Filtration Market: Segmented by Application
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-The global industrial filtration equipment market by type, application, region, etc. North America is the largest consumer region of industrial filtration equipment, with a consumer market share of nearly 27.62% in 2016. The second place is Europe; after North America, the consumer market share in 2016 exceeded 21.11%.
-By 2025, the global ultrafiltration membrane filtration market will increase from USD 2.2 billion in 2018 to USD 2.92 billion, with a compound annual growth rate of 3.6% during the forecast period. In this study, 2018 is regarded as the base year, and 2019-2025 is used as the forecast period for estimating the market size of ultrafiltration membrane filtration.
-The market value of heat treatment air filtration systems in 2020 is US$2.4649 billion, and is expected to reach US$5.9811 billion by 2027, with a compound annual growth rate of 13.5% from 2021 to 2027.
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