Industrial Filtration Market worth $47.1 billion by 2029 – Exclusive Report by MarketsandMarkets™

CHICAGO, March 12, 2024 /PRNewswire/ — Industrial Filtration Market is expected to reach USD 47.1 billion by 2029 from USD 37.1 billion in 2024 at a CAGR of 4.9% during the forecast period according to a new report by MarketsandMarkets™. The rigorous environmental regulations imposed by governments worldwide require industries to adopt filtration solutions to mitigate pollution and ensure compliance. This regulatory pressure creates a universal demand for filtration technologies across various sectors.

MarketsandMarkets_Logo

 

Browse in-depth TOC on “Industrial Filtration Market

296 – Tables

61 – Figures

305 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81304454

Industrial Filtration Market Scope:

Report Coverage

Details

Market Revenue in 2024

 $37.1 billion

Estimated Value by 2029

 $47.1 billion

Growth Rate

 Poised to Grow at a CAGR of 4.9%

Largest Market

 North America

Market Size Available for

 2020-2029

Forecast Period

 2024-2029

Forecast Units

 Value (USD Million/Billion)

Report Coverage

 Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

 Industrial Filtration Market by Type, Product, Filter Media, End User Industry, and Region.

Geographies Covered

 North America, Europe, Asia Pacific, Middle East, Africa, and South America. 

Key Market Opportunities

 Advancements in filter technologies

Key Market Drivers

 Increasing expenditure on refinery and petrochemical infrastructure development

 

The Air, by Type, is expected to grow be the fastest segment during the forecast period.

Based on type, the industrial filtration market has been split into air and liquid. The air segment in the industrial filtration market is anticipated to be the fastest, primarily due to the increasing focus on indoor air quality (IAQ) across various industries such as healthcare, manufacturing, and commercial buildings drives the demand for effective air filtration systems to remove contaminants and pollutants. This heightened awareness of IAQ is fueled by concerns about respiratory health, productivity, and regulatory compliance.

The Filter Press, by Product, is expected to grow be the fastest segment during the forecast period.

Based on product, the industrial filtration market has been split into filter press, bag filter, drum filter, depth filter, cartridge filter, HEPA filter, ULPA filter, electrostatic precipitator, and other products. The filter press segment in the industrial filtration market is anticipated to be the fastest growing since filter presses offer high efficiency in separating solids from liquids across a wide range of industries, including pharmaceuticals, chemicals, mining, and wastewater treatment. Their ability to handle large volumes of slurry and produce dry filter cakes makes them indispensable in many industrial processes.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=81304454

The activated charcoal/carbon segment, by filter media segment, is expected to grow at the second fastest CAGR during the forecast period.

This report segments the industrial filtration market based on filter media into segments: activated carbon/charcoal, fiberglass, filter paper, metal, nonwoven fabric, other filter media. The activated charcoal/carbon segment is expected to be the second-fastest growing segment during the forecast period as activated charcoal/carbon possesses exceptional adsorption properties, making it highly effective in removing a wide range of impurities, including organic compounds, odors, and contaminants, from air and water streams.

Europe is expected to be the second largest region in the Industrial Filtration Industry.

Europe is expected to be the second largest region in the industrial filtration market during the forecast period. Europe’s focus on sustainability and environmental stewardship further propels the adoption of industrial filtration solutions. Industries are increasingly investing in filtration technologies to minimize waste, conserve resources, and achieve sustainable production practices. Additionally, technological advancements and innovation in filtration technologies within Europe contribute to the growth of the industrial filtration market in the region.

Key Players

Some of the major players in the Industrial Filtration Companies are Eaton (US), Danaher (US), Parker – Hannifin (US), 3M (US), Cummins (US). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

Related Reports:

Refinery and Petrochemical Filtration Market by Filter Type (Coalescer Filter (Liquid-liquid Coalescer, Liquid-gas Coalescer), Cartridge Filter (Pleated Cartridge, High Flow Cartridge), Application, End User & Region – Global Forecast to 2028

Recycling Water Filtration Market by Product Type (Sand, Multimedia, Activated Carbon, Membrane Filters), Membrane Type (Reverse Osmosis, Ultrafiltration, Microfiltration, Nanofiltration), Maximum Flow Rate, End User and Region – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.       

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-filtration-market.asp  

Visit Our Website: https://www.marketsandmarkets.com/

Content Source: https://www.marketsandmarkets.com/PressReleases/industrial-filtration.asp  

Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg

 

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/industrial-filtration-market-worth-47-1-billion-by-2029—exclusive-report-by-marketsandmarkets-302086335.html

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. TheNewsThisWeek.co.uk takes no editorial responsibility for the same.