[Report Description]
“The industrial filtration market is projected to grow at a CAGR of 6.50% from 2018 to 2023.”
The global industrial filtration market is estimated at USD 25.89 billion in 2018 and is projected to grow at a CAGR of 6.50% to reach USD 35.47 billion by 2023. This growth is primarily due to the growing industrialization and urbanization, stringent regulations pertaining to emissions and treatment of industrial waste, and requirement of safe working environment in industrial facilities. The restraints for this market are slowing the industrial growth in China and growth in renewable energy sources.
“The market for air filtration is expected to grow at the highest CAGR.”
The market for air filtration is expected to grow at the highest CAGR from 2018 to 2023. Strict government regulations to curb air pollution is expected to drive growth of the air-type industrial filtration market. Moreover, the demand for clean air in workplaces is gaining importance and is contributing to its development.
“Asia Pacific: The largest market for industrial filtration.”
Asia Pacific is expected to account for the largest market share of the global industrial filtration market in 2018. This trend is projected to continue until 2023. Emission regulations accompanied with the need for clean indoor air facilities is one of the major factors that drive this market. The growth in manufacturing, power generation, oil & gas, and food & beverage industries has a great influence in the economic development of the countries in the region. China accounted for the largest share of the industrial filtration market in Asia Pacific in 2017. Power generation is one of the major end-user industries for industrial filtration and is a critical element. Filtration is carried out in power plants either for filtration of boiler feed water, preventing the discharge of fly ash from the chimneys of coal or other sources of solid fuels or for maintaining the performance of turbines. Furthermore, there are strict regulations for emissions for which filtration plays a vital role. Almost all the countries in the region are investing in its manufacturing, power generation, process industry, and pharmaceuticals industry to advance its economic growth, which is likely to drive the growth of industrial filtration market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1: 48%, Tier 2: 38%, Tier 3: 14%
By Designation: C–Level: 20%, Director Level: 35%, Others: 45%
By Region: North America: 25%, Europe: 24%, Asia Pacific: 30%, South America: 8%, Middle East: 11%, and Africa: 2%
Some of the prominent players in the market include Alfa Laval (Sweden), Ahlstrom-Munksjö (Finland), Donaldson (US), Eaton (Ireland), Freudenberg (Germany), Mann+Hummel (Germany), Pall Corporation (US), and Parker Hannifin (US).
Research Coverage:
The report defines, describes, and forecasts the global industrial filtration market by type, installation, voltage, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.
Why buy this report?
1. The report identifies and addresses key markets for industrial filtration market, which would help suppliers review the growth in the demand for the product.
2. The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
TABLE OF CONTENTS
1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 DEFINITION 17
1.3 MARKET SCOPE 18
1.3.1 MARKETS COVERED 18
1.3.2 REGIONAL SCOPE 19
1.3.3 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY 20
1.5 LIMITATIONS 20
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.1.1 Key data from secondary sources 22
2.1.2 PRIMARY DATA 23
2.1.2.1 Key data from primary sources 23
2.1.2.2 Key industry insights 24
2.1.2.3 Breakdown of primaries 24
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 25
2.2.2 TOP-DOWN APPROACH 26
2.3 DATA TRIANGULATION 27
2.4 RESEARCH ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE OPPORTUNITIES IN THE INDUSTRIAL FILTRATION MARKET 33
4.2 ASIA PACIFIC: INDUSTRIAL FILTRATION MARKET SIZE, BY INDUSTRY & COUNTRY 34
4.3 INDUSTRIAL FILTRATION MARKET, BY COUNTRY 35
4.4 INDUSTRIAL FILTRATION MARKET, BY TYPE 35
4.5 INDUSTRIAL FILTRATION MARKET, BY FILTER MEDIA 36
4.6 INDUSTRIAL FILTRATION MARKET SIZE, BY INDUSTRY 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 38
5.2.1.1 Growing industrialization & urbanization 38
5.2.1.2 Stringent regulations pertaining to emissions and treatment of industrial waste 38
5.2.1.3 Requirement of safe working environment in industrial facilities 40
5.2.2 RESTRAINTS 40
5.2.2.1 Slowing industrial growth in China 40
5.2.2.2 Growth in renewable energy sources 41
5.2.3 OPPORTUNITIES 41
5.2.3.1 Growth of the manufacturing sector in Southeast Asia 41
5.2.3.2 Growing demand from semiconductors & electronics manufacturing sectors 42
5.2.4 CHALLENGES 42
5.2.4.1 Availability of low-cost and inferior-quality industrial filtration products 42
6 INDUSTRIAL FILTRATION MARKET, BY TYPE 43
6.1 INTRODUCTION 44
6.2 LIQUID FILTRATION 45
6.2.1 BY TECHNOLOGY 46
6.2.1.1 Pressure Filtration 47
6.2.1.2 Centrifugal Filtration 47
6.2.1.3 Gravity Filtration 48
6.2.1.4 Vacuum Filtration 48
6.2.1.5 Others 49
6.2.2 BY PRODUCT 49
6.2.2.1 Filter Press 50
6.2.2.2 Bag Filter 51
6.2.2.3 Drum Filter 51
6.2.2.4 Depth Filter 52
6.2.2.5 Others 52
6.3 AIR FILTRATION 53
6.3.1 BY TECHNOLOGY 53
6.3.1.1 Mechanical 54
6.3.1.2 Electronic 55
6.3.1.3 Gas Phase 55
6.3.2 BY PRODUCT 56
6.3.2.1 HEPA 57
6.3.2.2 ULPA 57
6.3.2.3 Bag Filters 58
6.3.2.4 Electrostatic Precipitator 58
6.3.2.5 Others 59
7 INDUSTRIAL FILTRATION MARKET, BY FILTER MEDIA 60
7.1 INTRODUCTION 61
7.2 ACTIVATED CARBON/CHARCOAL 62
7.3 FIBER GLASS 62
7.4 FILTER PAPER 63
7.5 METAL 64
7.6 NON-WOVEN FABRIC 64
7.7 OTHERS 65
8 INDUSTRIAL FILTRATION MARKET, BY INDUSTRY 66
8.1 INTRODUCTION 67
8.2 MANUFACTURING 68
8.3 POWER GENERATION 69
8.4 OIL & GAS 70
8.5 PHARMACEUTICALS 71
8.6 METALS & MINING 72
8.7 PROCESS INDUSTRY 73
9 INDUSTRIAL FILTRATION MARKET, BY REGION 74
9.1 INTRODUCTION 75
9.2 ASIA PACIFIC 77
9.2.1 BY TYPE 78
9.2.1.1 Air 78
9.2.1.2 Liquid 79
9.2.2 BY INDUSTRY 80
9.2.3 BY FILTER MEDIA 81
9.2.4 BY COUNTRY 81
9.2.4.1 China 82
9.2.4.2 India 83
9.2.4.3 Japan 84
9.2.4.4 Australia 85
9.2.4.5 South Korea 86
9.2.4.6 Rest of Asia Pacific 87
9.3 NORTH AMERICA 88
9.3.1 BY TYPE 89
9.3.1.1 Air 89
9.3.1.2 Liquid 90
9.3.2 BY INDUSTRY 91
9.3.3 BY FILTER MEDIA 92
9.3.4 BY COUNTRY 92
9.3.4.1 US 93
9.3.4.2 Canada 94
9.3.4.3 Mexico 95
9.4 EUROPE 96
9.4.1 BY TYPE 96
9.4.1.1 Air 96
9.4.1.2 Liquid 97
9.4.2 BY INDUSTRY 98
9.4.3 BY FILTER MEDIA 99
9.4.4 BY COUNTRY 99
9.4.4.1 Russia 100
9.4.4.2 Germany 100
9.4.4.3 UK 101
9.4.4.4 France 102
9.4.4.5 Italy 103
9.4.4.6 Rest of Europe 104
9.5 MIDDLE EAST & AFRICA 105
9.5.1 BY TYPE 105
9.5.1.1 Air 105
9.5.1.2 Liquid 106
9.5.2 BY INDUSTRY 107
9.5.3 BY FILTER MEDIA 108
9.5.4 BY COUNTRY 108
9.5.4.1 South Africa 109
9.5.4.2 Saudi Arabia 109
9.5.4.3 UAE 110
9.5.4.4 Iran 111
9.5.4.5 Rest of Middle East & Africa 112
9.6 SOUTH AMERICA 113
9.6.1 BY TYPE 113
9.6.1.1 Air 113
9.6.1.2 Liquid 114
9.6.2 BY INDUSTRY 115
9.6.3 BY FILTER MEDIA 116
9.6.4 BY COUNTRY 116
9.6.4.1 Brazil 117
9.6.4.2 Argentina 117
9.6.4.3 Colombia 118
9.6.4.4 Rest of South America 119
10 COMPETITIVE LANDSCAPE 120
10.1 OVERVIEW 120
10.2 RANKING OF PLAYERS & INDUSTRY CONCENTRATION, 2016 121
10.3 COMPETITIVE SCENARIO 122
10.3.1 CONTRACTS & AGREEMENTS 122
10.3.2 NEW PRODUCT DEVELOPMENTS 123
10.3.3 INVESTMENTS & EXPANSIONS 123
10.3.4 MERGERS & ACQUISITIONS 123
11 COMPANY PROFILES 124
(Business overview, Products offered, Recent developments & MnM View)*
11.1 BENCHMARKING 124
11.2 AHLSTROM-MUNKSJÖ 125
11.3 ALFA LAVAL 128
11.4 CAMFIL 132
11.5 CUMMINS 134
11.6 DONALDSON 136
11.7 EATON 140
11.8 FILTRATION GROUP 143
11.9 FREUDENBERG 145
11.10 LENNTECH 148
11.11 MANN+HUMMEL 150
11.12 PALL CORPORATION 153
11.13 PARKER HANNIFIN 155
11.14 SIDCO 158
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
12 APPENDIX 159
12.1 INSIGHTS OF INDUSTRY EXPERTS 159
12.2 DISCUSSION GUIDE 160
12.3 ADDITIONAL LIST OF KEY PLAYERS 164
12.3.1 ANDRITZ 164
12.3.2 EVOQUA WATER TECHNOLOGIES 164
12.3.3 GEA GROUP 164
12.3.4 VEOLIA WATER TECHNOLOGIES 164
12.3.5 SUEZ WATER TECHNOLOGIES 164
12.3.6 SPX FLOW 164
12.3.7 DOW WATER & PROCESS SOLUTIONS 164
12.3.8 NORDIC AIR FILTRATION 164
12.3.9 HYDAC 164
12.3.10 FUJI FILTERS 164
12.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 165
12.5 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 167
12.6 AVAILABLE CUSTOMIZATIONS 168
12.7 RELATED REPORTS 168
12.8 AUTHOR DETAILS 169
