The industrial filtration market size is projected to reach US$ 59.54 billion by 2031 from US$ 34.52 billion in 2023. The market is expected to register a CAGR of 7.1% during 2023–2031. Increasing adoption of advanced filtration techniques such as membrane filtration and nano filtration is likely to remain a key trend in the market.
Over the past few years, the industrial filtration market has witnessed significant growth. Factors such as increasing industrialization and urbanization, rising industrial operations, Growing emphasis on occupational health and safety, and increasing awareness and regulations regarding environmental sustainability are some of the factors driving the industrial filtration market growth. Innovative approaches, processes and materials were providing lucrative growth opportunities for the industrial filtration market.
Industrial filtration refers to a process through which industries filter their products from debris and residue as well as other waste products. Industrial filtration focuses on drying waste for safe disposal and refining the end product. Filtration is essential for various industries such as mining, natural gas, liquid waste management, water, food & beverage packaging, renewable power generation and others. Industrial filters are of various types classified based on their mechanical and physical characteristics. Some of these industrial filters are gravity filters, pressure/vacuum filters, leaf filters, rotary drum vacuum filters, and others.
In today's dynamic world, the importance of ensuring the well-being of workers is necessary. A secure workplace serves as a cornerstone for a healthy environment and also catalyzes increased productivity and an elevated corporate reputation. Ensuring workplace safety involves implementing various preventive measures, safety policies, and procedures to minimize workplace injuries, accidents, and illnesses. In order to ensure workplace safety, various industries, such as manufacturing, mining, pharmaceuticals and others, were increasingly investing in advanced filtration technologies to safeguard their workforce from harmful particles, chemicals, and fumes.
Machine breakdowns are one of the biggest production issues faced by manufacturers. Contaminants such as dust, welding slag, oil mist, rubber particles from hoses and seals, sand from castings, and metal debris from machined components are the major reasons behind machine breakdowns. The repair costs and downtime are both expensive. As consumers have become increasingly aware of the negative impact of contaminants, there is an increased demand for improved processes and products that will help reduce downtime, increase lubricant life, and lower costs. In such a scenario, organizations are increasingly implementing progress in filtration in three areas: longer-lasting filter designs, higher-performance materials, and automated filter monitoring (the Internet of Things) to address these issues.
Key segments that contributed to the derivation of the industrial filtration market analysis are type, filter media, and industry.
The geographic scope of the industrial filtration market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The European region in the industrial filtration market is poised to experience significant growth in the foreseeable future. Europe has been at the forefront of implementing strict environmental regulations and standards to reduce the impact of industrial emissions. These regulations emphasize using non-toxic materials, modification of manufacturing methods, and conservation techniques. As a result, European industries are increasingly adopting industrial filtration systems to comply with these regulations and reduce pollution, thereby driving the regional industrial filtration market.
The regional trends and factors influencing the Industrial Filtration Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Industrial Filtration Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 34.52 Billion |
| Market Size by 2031 | US$ 59.54 Billion |
| Global CAGR (2023 - 2031) | 7.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Industrial Filtration Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Industrial Filtration Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The industrial filtration market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the industrial filtration market are listed below:
The “Industrial Filtration Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The List of Companies
1. Industrial Filtration, Inc.
2. Alfa Laval AB
3. Eaton Corporation Plc
4. 3M Company
5. Clarcor Inc.
6. Cummins Filtration
7. Pentair Plc
8. Donaldson Company, Inc.
9. Lenntech
10. Parker Hannifin Corporation
North America is expected to dominate the market in 2023
The global industrial filtration market is projected to reach US$ 59.54 billion by 2031.
The leading players operating in the industrial filtration market are Industrial Filtration, Inc., Alfa Laval AB, Eaton Corporation Plc, 3M Company, Clarcor Inc., Cummins Filtration, Pentair Plc, Donaldson Company, Inc., Lenntech, Parker Hannifin Corporation, Pall Corporation, MANN+HUMMEL, Fleetlife Inc, Metso, Camfil, HYDAC, Hengst Filtration Pvt. Ltd.
The increasing adoption of advanced filtration techniques, such as membrane filtration and nanofiltration, is anticipated to play a significant role in the global industrial filtration market in the coming years.
The major factors driving the industrial filtration market are the growing emphasis on occupational health and safety and increasing investment in refineries and petrochemical infrastructure.
The global industrial filtration market is expected to grow at a CAGR of 7.1% during 2023 - 2031.