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Written by Elena Anderson » Updated on: November 25th, 2024
IMARC Group’s latest report, titled “Industrial Filtration Market Report by Type (Liquid, Air), Product (Bag Filter, Cartridge Filter, Depth Filter, Filter Press, Drum Filter, Electrostatic Precipitator, ULPA (Ultra-Low Penetration Air), HEPA (High Efficiency Particulate Air), and Others), Filter Media (Filter Paper, Metal, Activated Carbon/Charcoal, Fiberglass, Non-Woven Fabric, and Others), Application (Automotive, Food and Beverage, Chemicals and Petrochemicals, Pharmaceuticals, Power Generation, Oil and Gas, Metal and Mining, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industrial filtration market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. the global industrial filtration market size reached US$ 33.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 55.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.63% during 2024-2032.
New Sustainability Goals and Enactment of Environmental Policies:
The industrial filtration market is majorly propelled by the increased global focus on sustainability practices and significant emissions. The emission levels in various industrial sectors such as power generation, transportation, and air travel is also under scrutiny as international authorities such as the UN, WHO and EU increase emissions and pollution control indicators and policies. Environmental regulations make it necessary for all industries to equip themselves with efficient and effective filtration systems to keep the levels of the above pollutants in their operations to a minimum. Industrial filtration systems are essentially utilized to abate particle emissions, contaminated effluents, and other pollutants generated from manufacturing activities. In addition, sectors like automotive, chemicals, and power generation are progressively incorporating such air and water filtration technologies as electrocatalysts which reduce the carbon footprint and remain compliant with environmental legislation. The increased emphasis on sustainability within industries will inevitably lead to an increase in demand for the advanced high efficiency filters, hence the market growth is expected to be further boosted.
Technological improvements in Filtration Materials and Processes:
The industrial filtration market is witnessing a revolution due to the advancements in filtration materials and processes as they increase effectiveness and encourage innovation. The growth of nanofiltration, ultrafiltration and membrane technologies will make it possible for industries to deliver higher filtration efficiency with reduced environmental impacts. These advanced materials offer enhanced filtration capacity that enables Industries to separate impediments better and at a lesser price. For instance, stronger membranes for water separation processes are being applied to a growing range of applications such as food and beverages or pharmaceuticals manufacturing, water treatment and so on. Moreover, the use of IoT (Internet of Things) and smart sensors in filter systems allows the monitoring of system function in real-time, maintenance as per forecast and automation of processes to a great extent. These technological changes are progressively improving the cost, effectiveness and flexibility of filtration solutions to cater for the changing industrial demands from different areas.
Growth in Emerging Economies and Expanding Industrialization:
The developing economies especially in the Asian Pacific, Middle East, and the African continent are undergoing rapid industrialization processes which increases the growth rate of the industrial filtration market. Modern filtration systems are being adopted in these economies due to the increase in manufacturing and infrastructure development activities in these regions and the need to comply with the global conservation drive. Industrial activity in petrochemicals, textiles, mining, and construction, etc. is increasing the need for effective filtration systems. Coupled with this, development of power-generating plants and water treatment plants in the developing world also enhances the demand for efficient filtration systems. The gradual industrialization and modernization of these regions suggests that there will be further growth in demand for efficient filtration technologies which would lead to increased target markets for filtration product manufacturers and suppliers.
Leading key Players Operating in the Industrial Filtration Industry:
New Verve in the Industrial Filtration Market:
The industrial filtration market has been undergoing considerable transformations in light of emerging technological developments and environmental and efficient concerns. The trend which is most noticeable is the increase in the usage of membrane technologies such as reverse osmosis and nanofiltration, which are used more often in water and food processing as they are very effective and selective in removing contaminants. Another trend is the increasing implanting of smart filtration systems embedded with IoT monitoring devices enabling statistics of the systems to be taken in real time and faults to be predicted.
Further, the strive toward the goal of waste minimization and energy reduction in industrial sectors is creating a demand for filtration systems which also reduce energy consumption. With industries now focused on planner production and achieving operational cost minimization, these technologies are expected to be pivotal towards the expansion of the industrial filtration market.
Key Market Segmentation:
Breakup by Type:
Breakup by Product:
Breakup by Filter Media:
Breakup by Application:
Breakup by Region:
Key Highlights of the Report:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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IMARC Group
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