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3. Industrial Filtration Market Size & Share - Future Growth Expectations

The global industrial filtration market is expected to grow from USD 37.1 billion in 2024 to USD 47.1 billion by 2029, at a CAGR of 4.9% during the forecast period. The major factors driving the growth of this market include stringent environmental regulations demand cleaner production processes, fostering the adoption of advanced filtration systems.

The industrial filtration market has been experiencing significant growth over the years, driven by several factors including increasing environmental regulations, growing awareness about health and safety, and rising demand for clean and pure water and air across various industries:

• Strict Environmental Regulations
• Safety and Health Issues
• Technological Advancements
• Growing Demand from Various Industries
• Increasing Focus on Water and Wastewater Treatment
• Expansion of Industrial Infrastructure
• Transition to Sustainable Methods

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Strict Environmental Regulations:

• Stricter laws are being implemented by governments all over the world to limit emissions and guarantee clean air and water. Due to the need for enterprises to invest in cutting-edge filtering systems in order to comply with these laws, the industry is expanding.

Safety and Health Issues:

• Industries are becoming more and more conscious of the need to keep workplaces safe and hygienic. In order to protect the health and safety of both the surrounding populations and the workforce, industrial filtration systems are essential in the removal of toxins, pollutants, and hazardous particles from the air and water.

Technological Advancements:

• More effective and affordable filtration solutions have been developed as a result of ongoing improvements in filtration technologies. This has prompted businesses to modernize existing filtration systems in order to boost overall performance, cut expenses associated with operation, and increase efficiency.

Growing Demand from Various Industries:

• Many industries, including oil and gas, pharmaceuticals, food and beverage, chemicals, automotive, and power generation, are seeing a rise in the need for industrial filtering systems. The use of specialized filtration technologies is driven by the distinct filtration requirements of various industries.

Increasing Focus on Water and Wastewater Treatment:

• Water and wastewater treatment systems are receiving more attention due to the growing shortage of water and the growing worries about water contamination. In order to purify water and make it safe for consumption and reuse, industrial filtration systems are essential.

Expansion of Industrial Infrastructure:

• The need for industrial filtration systems is being fueled by the growth of industrial infrastructure, particularly in emerging economies. Growing urbanization and industrialization have raised pollution levels, necessitating the use of efficient filtration technologies to lessen their negative effects on the environment.

Transition to Sustainable Methods:

• Sustainable practices are being used by a growing number of companies in an effort to reduce their environmental impact. Investing in environmentally friendly filtering systems can help lower energy usage, trash production, and environmental effect overall.

The global industrial filtration market is expected to continue its growth trajectory in the coming years, propelled by these factors and the increasing need for clean air and water in industrial processes.

Industrial Filtration Market Share - Global Industry Landscape

The industrial filtration market is characterized by the presence of several key players competing for market share. Some of the leading companies in the industrial filtration industry include:

• Danaher (US)
• Parker - Hannifin (US)
• Eaton (US)
• 3M (US)
• Donaldson (US)
• MANN + HUMMEL (Germany)

These companies, along with several others, collectively shape the global industrial filtration industry landscape. Market dynamics are influenced by factors such as product innovation, geographic presence, strategic partnerships, and market consolidation. Additionally, market dynamics, regulatory trends, and technological advancements can influence the competitive positioning of companies within the industrial filtration sector.

Danaher (US)

• 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 (US)

• 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.

Eaton (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.

3M (US)

• 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.

Donaldson (US)

• Leading provider of filtration systems and solutions for a variety of industrial uses worldwide is Donaldson Company. The company serves the needs of the mining, construction, transportation, and agricultural industries by providing filtration products for gas, liquid, and air, including dust collectors, hydraulic filters, compressed air filters, and process filtration systems.

MANN + HUMMEL (Germany)

• Leading provider of filtration systems for industrial, automotive, and environmental uses worldwide is Mann+Hummel. The company serves the automotive, manufacturing, power generation, and wastewater treatment industries with a broad range of filtration products, including air filters, oil filters, fuel filters, and water filtration systems.

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