Finance News World

Industrial Filtration Market worth $41.1 Billion by 2025

 Breaking News
  • No posts were found

Industrial Filtration Market worth $41.1 Billion by 2025

May 04
20:04 2020
Industrial Filtration Market worth $41.1 Billion by 2025
The global industrial filtration market size is projected to reach USD 41.1 billion by 2025, from an estimated value of USD 29.5 billion in 2020, growing at a CAGR of 6.9 % during the forecast period.

According to the recent report Industrial Filtration Market by Type (Air and Liquid), Filter Media, Product, Industry (Manufacturing, Oil & Gas, Power Generation, Pharmaceutical, Metal & Mining, Process Industry), and Region – Global Forecast to 2025″, The global Industrial Filtration Market size is expected to grow from an estimated value of USD 29.5 billion in 2020 to USD 41.1 billion by 2025, at a CAGR of 6.9% from 2020 to 2025. The growth of this market is driven by strict government regulations to eliminate air and water pollution. The demand for the treatment of industrial waste and the requirement of a safe working environment in industrial facilities also expected to increase the demand for industrial filtration.

 

The Filter Press segment is expected to be the fastest-growing market of the Industrial Filtration Market, by product, during the forecast period

 

Filter Press are used for filtering liquid using pressurized air. This segment is expected to hold a significant share in 2020 owing to the increasing need for liquid filtration for various industries. Filter Press is used to remove impurities from solid-liquid slurry in the chemical industry to make chemical reusable, which in turn drives the market of filter press in industrial filtration. North America is expected to be the largest market during the forecast period due to the advanced technologies used in this region.

 

Browse in-depth TOC on “Industrial Filtration Market”

 

101 – Tables

33 – Figures  

196– Pages

 

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

 

Pharmaceuticals is expected to be the fastest-growing market, by industry, during the forecast period

 

Pharmaceuticals are expected to grow at the highest CAGR during the forecast period. This industry uses filtration for the removal of suspended particles and to reduce bacteria in-process components. Filtration helps in protecting process solutions from contamination when stored in tanks. Removal of suspended particles and bacteria from water and air is expected to drive the pharmaceutical industry.

 

North America is expected to dominate the global industrial market

 

North America is the largest market for industrial filtration. The region has been segmented by country into the US, Canada, and Mexico. The demand for industrial filtration in this region is driven mostly by the manufacturing, oil & gas, power generation, pharmaceutical, metal & mining and process industries. It is the largest market for industrial filtration during the forecast as it is the second-largest producer of crude oil which generates waste, which is needed to be treated. Manufacturing is the largest sector globally as they increase the operational life of machines and equipments. Moreover, this region also houses some of the major manufacturers who continuously focus on R&D to innovate new technologies.

 

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=81304454

 

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Industrial Filtration Market. These include Alfa Laval(Sweden), Donaldson(US), Danaher(US), Parker Hannifin(US), Eaton(Ireland), Ahlstrom-Munksjö(Finland). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

 

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

 

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Content Source: https://www.marketsandmarkets.com/PressReleases/industrial-filtration.asp

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Ashish Mehra
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/industrial-filtration-market-81304454.html