About Industrial Filtration Equipment
Filtration is the process of eradicating solid particles from mixtures. It can be as easy as using a sieve after cooking pasta or can be as complex as purifying drinking water for a complete city. Filtration is a very important step in many industrial processes due to its diverse range of applications in various places. Without suitable filtration equipment, things can go off-center very easily. Filtration equipment is used to filter, solidify, or simplify a mixture of diverse elements. Industrial filtration equipment serves the intention of continuously filtering out the unnecessary effluents by the way of heavy-duty filter media and then detaining them within a filter bag. Similarly is for chemicals and raw materials that are in their liquid state like water, etc. and for industrial gases which are also filtered from the unwanted impurities so as to improve the quality of the products that are being manufactured. Therefore, industrial filtration is a very crucial part of any industrial level and hence the industrial filtration equipment is very important for the same. Industrial filtration equipment is also gaining its value across all end-use markets because of the strict environmental policies and enforcements about clean practices and technologies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Filtration Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton Corporation Inc (Ireland), Alfa Laval (Sweden), Ahlstrom-Munksjö (Finland), Donaldson Company, Inc. (United States), Freudenberg (Germany), Parker Hannifin (United States), Mann+Hummel (Germany), Pall Corporation (United States), Honeywell International, Inc. (United States) and Daikin Industries, Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Perforated Tubes, Inc (United States), Clean TeQ Holdings Ltd. (Australia) and Filtra-Systems (United States).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Filtration Equipment market by Type (Gravity, Vacuum, Centrifugal, Hot & Cold, Granular Media, Mechanical and Others), Application (Adhesives, Chemicals, Construction Materials, Cosmetics, Drinking-Water, Heat Transfer Fluids, Oil & Fuel and Others) and Region.
On the basis of geography, the market of Industrial Filtration Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Construction will boost the Industrial Filtration Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Renovation Activities in the Developing Countries, Growing Trend of Integrating of Automation in the Industrial Sectors and Rapid Growth of Mining Sector in Emerging Economies
Market Growth Drivers:
With the rapid growth in the construction and manufacturing industry across the globe it is expected that there would be an increase in the demand for filtration equipment. Also, the need to controlling the industrial air quality across a variety of end-user industries is a reason for the growth of the industrial filtration equipment market. Severe regulations associated with industrial machinery regarding the emission norms, along with the enforcement of health and safety of the workplace.
Challenges:
Lack of Awareness about Industrial Filtration Equipments and its Functionalities and Inadequate Level of Quality Control in Developing Countries
Restraints:
Unavailability of the Raw Materials Used for Making the Equipment
Opportunities:
Increase in the Construction Sector in Developing Countries, Significant Growth in Infrastructure Sector and Growth in Various Technologies Such As Internet of Things (IoT) and Automation
Market Leaders and their expansionary development strategies
In November 2019 - Freudenberg, the global technology group signed a final agreement to acquire 100 percent of the shares of Filc. Filc is a producer of needle punches nonwoven textiles and laminated materials with a focus on the automotive and construction industry. Privately-owned Filc is headquartered in Škofja Loka, Slovenia. The transaction is subject to approval by the antitrust authorities.
In September 2019 - Ahlstrom-Munksjö launched the expanded range of Ahlstrom-Munksjö Extia. It is a highly durable filtration media, designed to extend filtration lifetime for Air Pollution Control applications. Extending filtration lifetime by more than 40%, helping customers to extend the operational duration, before needing to change the filters.
Key Target Audience
Manufacturers of Industrial Filtration Equipments, Suppliers of Industrial Filtration Equipments, Wholesalers and Distributors of Industrial Filtration Equipments, Construction Industry, Mining Industry, Manufacturing Industry, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.