Industrial Filtration Market Overview and Forecast by 2031
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.
Industrial Filtration Market Analysis
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 Market Overview
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.
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Industrial Filtration Market: Strategic Insights
Market Size Value in US$ 32.5 billion in 2022 Market Size Value by US$ 43.2 billion by 2030 Growth rate CAGR of 6.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Industrial Filtration Market: Strategic Insights
| Market Size Value in | US$ 32.5 billion in 2022 |
| Market Size Value by | US$ 43.2 billion by 2030 |
| Growth rate | CAGR of 6.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Industrial Filtration Market Drivers and Opportunities
Growing Emphasis On Occupational Health And Safety to Favor Market
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.
Innovative Approaches, Processes and Materials
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.
Industrial Filtration Market Report Segmentation Analysis
Key segments that contributed to the derivation of the industrial filtration market analysis are type, filter media, and industry.
- Based on type, the industrial filtration market is divided into air and liquid. The air segment held a larger market share in 2023.
- By filter media, the market is segmented into fiber glass, filter paper, metal, and non-woven fabric. The non-woven fabric segment held the largest market share in 2023.
- In terms of industry, the market is segmented into food and beverage, metal and mining, chemical, pharmaceutical, power generation, and others. The food and beverage segment is expected to grow with the highest CAGR over the forecast period.
Industrial Filtration Market Share Analysis by Geography
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.
Industrial Filtration Market Report Scope
Industrial Filtration Market News and Recent Developments
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:
- Pall Corporation, a renowned global leader in the industrial filtration market, separation, and purification technology, is set to showcase its next-generation filtration and purification technology at SEMICON West. This strategic move aligns with the increasing demand for advanced chips with enhanced performance and energy efficiency, driven by the growing adoption of 5G, AI, and IoT devices. (Source: Pall Corporation, Press Release, July 2023)
- MANN+HUMMEL Group, a global leader in filtration solutions, has recently acquired a majority stake in Suzhou U-Air Environmental Technology. This strategic move is driven by the increasing global demand for cleaner air solutions and aims to strengthen MANN+HUMMEL's presence in the Chinese and Southeast Asian air filtration market. The acquisition of Suzhou U-Air Environmental Technology allows MANN+HUMMEL to expand its product portfolio and meet the region's rising demand for air filtration solutions. (Source: MANN+HUMMEL Group, Press Release, October 2023)
Industrial Filtration Market Report Coverage and Deliverables
The “Industrial Filtration Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Industrial filtration market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Industrial filtration market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industrial filtration market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the industrial filtration market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Filter Media, Industry, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
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.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 INDUSTRIAL FILTRATION MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Industrial Filtration Market - By Product Type
3.2.2 Industrial Filtration Market - By End-User Industry
3.2.3 Industrial Filtration Market - By Region
3.2.3.1 By Countries
3.2.4 PEST Analysis
3.2.4.1 North America - PEST Analysis
3.2.4.2 Europe - PEST Analysis
3.2.4.3 Asia Pacific (APAC) - PEST Analysis
3.2.4.4 Middle East & Africa (MEA) - PEST Analysis
3.2.4.5 South America (SAM)- PEST Analysis
4 INDUSTRIAL FILTRATION MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 INDUSTRIAL FILTRATION MARKET - GLOBAL MARKET ANALYSIS
5.1 INDUSTRIAL FILTRATION- GLOBAL MARKET OVERVIEW
5.2 INDUSTRIAL FILTRATION- GLOBAL MARKET AND FORECAST TO 2028
6 INDUSTRIAL FILTRATION MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
6.1 OVERVIEW
6.2 PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
6.3 AIR FILTER MARKET
6.3.1 Overview
6.3.2 Air Filter market forecast and analysis
6.3.2.1 ELECTROSTATIC PRECIPITATOR MARKET
6.3.2.1.1 Overview
6.3.2.1.2 Electrostatic Precipitator market forecast and analysis
6.3.2.2 ULPA MARKET
6.3.2.2.1 Overview
6.3.2.2.2 ULPA market forecast and analysis
6.3.2.3 HEPA MARKET
6.3.2.3.1 Overview
6.3.2.3.2 HEPA market forecast and analysis
6.3.2.4 PTFE MEMBRANE MARKET
6.3.2.4.1 Overview
6.3.2.4.2 PTFE Membrane market forecast and analysis
6.3.2.5 BAG FILTERS MARKET
6.3.2.5.1 Overview
6.3.2.5.2 Bag Filters market forecast and analysis
6.3.2.6 OTHERS MARKET
6.3.2.6.1 Overview
6.3.2.6.2 Others market forecast and analysis
6.4 LIQUID FILTER MARKET
6.4.1 Overview
6.4.2 Liquid Filter market forecast and analysis
6.4.2.1 DEPTH FILTER MARKET
6.4.2.1.1 Overview
6.4.2.1.2 Depth Filter market forecast and analysis
6.4.2.2 STRAINERS MARKET
6.4.2.2.1 Overview
6.4.2.2.2 Strainers market forecast and analysis
6.4.2.3 CARTRIDGE MARKET
6.4.2.3.1 Overview
6.4.2.3.2 Cartridge market forecast and analysis
6.4.2.4 OTHERS MARKET
6.4.2.4.1 Overview
6.4.2.4.2 Others market forecast and analysis
6.5 OTHERS MARKET
6.5.1 Overview
6.5.2 Others market forecast and analysis
7 INDUSTRIAL FILTRATION MARKET REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
7.1 OVERVIEW
7.2 END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
7.3 AUTOMOTIVE MARKET
7.3.1 Overview
7.3.2 Automotive market forecast and analysis
7.4 MINING MARKET
7.4.1 Overview
7.4.2 Mining market forecast and analysis
7.5 FOOD AND BEVERAGE MARKET
7.5.1 Overview
7.5.2 Food and Beverage market forecast and analysis
7.6 ENERGY & PETROLEUM MARKET
7.6.1 Overview
7.6.2 Energy & Petroleum market forecast and analysis
7.7 CHEMICAL MARKET
7.7.1 Overview
7.7.2 Chemical market forecast and analysis
7.8 OTHERS MARKET
7.8.1 Overview
7.8.2 Others market forecast and analysis
8 INDUSTRIAL FILTRATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1 NORTH AMERICA
8.1.1 North America Industrial Filtration Market Overview
8.1.2 North America Industrial Filtration Market Forecasts and Analysis
8.1.3 North America Market Forecasts and Analysis - By Countries
8.1.3.1 US market
8.1.3.2 Canada market
8.1.3.3 Mexico market
8.1.4 North America Market Forecasts and Analysis - By Product Type
8.1.5 North America Market Forecasts and Analysis - By End-User Industry
8.2 EUROPE
8.2.1 Europe Industrial Filtration Market Overview
8.2.2 Europe Industrial Filtration Market Forecasts and Analysis
8.2.3 Europe Market Forecasts and Analysis - By Countries
8.2.3.1 France market
8.2.3.2 Germany market
8.2.3.3 Italy market
8.2.3.4 Spain market
8.2.3.5 UK market
8.2.3.6 Rest of Europe market
8.2.4 Europe Market Forecasts and Analysis - By Product Type
8.2.5 Europe Market Forecasts and Analysis - By End-User Industry
8.3 ASIA PACIFIC (APAC)
8.3.1 Asia Pacific Industrial Filtration Market Overview
8.3.2 Asia Pacific Industrial Filtration Market Forecasts and Analysis
8.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
8.3.3.1 Australia market
8.3.3.2 China market
8.3.3.3 India market
8.3.3.4 Japan market
8.3.3.5 Rest of APAC market
8.3.4 Asia Pacific Market Forecasts and Analysis - By Product Type
8.3.5 Asia Pacific Market Forecasts and Analysis - By End-User Industry
8.4 MIDDLE EAST AND AFRICA (MEA)
8.4.1 Middle East and Africa Industrial Filtration Market Overview
8.4.2 Middle East and Africa Industrial Filtration Market Forecasts and Analysis
8.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
8.4.3.1 South Africa market
8.4.3.2 Saudi Arabia market
8.4.3.3 UAE market
8.4.3.4 Rest of MEA market
8.4.4 Middle East and Africa Market Forecasts and Analysis - By Product Type
8.4.5 Middle East and Africa Market Forecasts and Analysis - By End-User Industry
8.5 SOUTH AMERICA (SAM)
8.5.1 South America Industrial Filtration Market Overview
8.5.2 South America Industrial Filtration Market Forecasts and Analysis
8.5.3 South America Market Forecasts and Analysis - By Countries
8.5.3.1 Brazil market
8.5.3.2 Rest of SAM market
8.5.4 South America Market Forecasts and Analysis - By Product Type
8.5.5 South America Market Forecasts and Analysis - By End-User Industry
9 INDUSTRY LANDSCAPE
9.1 MERGERS & ACQUISITIONS
9.2 MARKET INITIATIVES
9.3 NEW DEVELOPMENTS
9.4 INVESTMENT SCENARIOS
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE PRODUCT MAPPING
10.2 MARKET POSITIONING/ MARKET SHARE
11 INDUSTRIAL FILTRATION MARKET, KEY COMPANY PROFILES
11.1 INDUSTRIAL FILTRATION, INC.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 ALFA LAVAL AB
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 EATON CORPORATION PLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 3M COMPANY
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 SWOT Analysis
11.4.5 Key Developments
11.5 CLARCOR INC.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 SWOT Analysis
11.5.5 Key Developments
11.6 CUMMINS FILTRATION
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 SWOT Analysis
11.6.5 Key Developments
11.7 PENTAIR PLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 SWOT Analysis
11.7.5 Key Developments
11.8 DONALDSON COMPANY, INC.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 SWOT Analysis
11.8.5 Key Developments
11.9 LENNTECH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Financial Overview
11.9.4 SWOT Analysis
11.9.5 Key Developments
11.10 PARKER HANNIFIN CORPORATION
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 SWOT Analysis
11.10.5 Key Developments
12 APPENDIX
12.1 ABOUT THE INSIGHT PARTNERS
12.2 GLOSSARY OF TERMS
12.3 RESEARCH METHODOLOGY
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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