Leading Companies in Industrial Filtration Industry - Eaton (US), Danaher (US), Parker - Hannifin (US) and 3M (US)
The global industrial filtration market is forecast to reach USD 47.1 billion by 2029 from an estimated USD 37.1 billion in 2024, at a CAGR of 4.9% during the forecast period (2024-2029). Stringent environmental regulations demand cleaner production processes, fostering the adoption of advanced filtration systems. Rising awareness about health and safety in industrial settings further drives demand for filtration systems. These are some of the key factors driving the industrial filtration market.
The industrial filtration market is served by a mix of large international players with a global operational presence and local players with a strong domestic supply network.
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The key players in the virtual power plant market include companies such as Eaton (US), Danaher (US), Parker - Hannifin (US), 3M (US), Cummins (US).
Eaton is a power management company that manufactures engineered products that helps in managing electrical, hydraulic, and mechanical power for attaining sustainability. The six business segments of the corporation include Vehicle, eMobility, Electrical America, Electrical Global, and Aerospace. The Aerospace business segment offers various products such as pumps, motors, hydraulic power units, controls and sensing products, fluid conveyance products, filtration system solutions, and industrial drums. This business segment focuses on liquid filtration. The filtration system solutions sub-segment includes liquid pipeline strainers, mechanically cleaned filters and strainers, bag and cartridge filtration systems, gas & liquid separators and hydraulics, and lubrication oil filters.
Danaher is among the leading manufacturers of medical, industrial, and commercial products. The company operates through four segments, that includes Biotechnology, Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences business segment offers industrial filtration. The filtration, separation, and purification business of Danaher is offered through Pall Corporation. The Life Sciences business group mainly focuses on fluid separation across various applications such as biopharmaceuticals, food & beverages, and medical.
Parker Hannifin is an American corporation specializing in motion and control technologies. The company operates in two business segments, that includes Aerospace Systems and Diversified Industrial. It offers industrial filtration through the Diversified Industrial segment. Five business subsegments make up the Diversified Industrial business segment: the filtration group, the instrumentation group, the motion systems group, the engineered material group, and the fluid connectors group. In order to monitor and eliminate impurities from fuel, air, oil, water, and other liquids and gases, the Filtration Group Business Subsegment provides filters, systems, and diagnostics solutions. The firm provides industrial filtering solutions to a range of end-use sectors, including industrial, bioprocessing, metals & mining, food & beverage, and pharmaceutical.
3M is among the top producers of mechanical and industrial goods. The firm offers a diverse range of products and services to meet the needs of several industries and markets, including electronics, telecommunications, consumer and office, healthcare, and safety. The four business segments of 3M that comprise its operations are Safety and Industrial, Healthcare, Transportation and Electronics, and Consumer. The Safety and Industrial business segment offer industrial filtration.
Related Reports:
Industrial Filtration Market by Type (Air & Liquid), Product (Filter Press, Bag, Drum, Depth, Cartridge, HEPA, ULPA), Filter Media (Activated Charcoal, Fiberglass, Filter Paper, Metal, Nonwoven Fabric), Industry and Region - Global Forecast to 2029
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