Industrial Filtration Market - Forecast(2024 - 2030)

Report Code: AIR 0293 Report Format: PDF + Excel

Industrial Filtration Market Overview

Industrial Filtration Market size is expected to reach $37.582 billion in 2030, and it is estimated to grow at a CAGR of 4.5% during 2024 - 2030. The growth is mainly attributed to increasing investments for decreasing pollution and to improve the process efficiency for the need of better indoor quality in industrial premises. Industrial filtration is a process used in manufacturing and industrial operations to remove unwanted substances from fluids such as water, gases, and liquids. It is an essential system for ensuring the safe disposal of waste and maintaining the operation of the equipment.
Stringent government norms pertaining to emission and treatment of industrial waste will further enhance the adoption of electrostatic precipitator which acts as a filtration system in industries, thereby driving the industrial filtration market during the forecast period. The adoption of bag filters and filter press technologies for enhancing centrifugal filtration of liquids will be a major driver of market growth. Increased preference for charcoal/activated carbon-based filters due to improved capabilities will also drive market growth.
Industrial filtration systems are increasingly integrating Internet of Things (IoT) and artificial intelligence (AI) technologies to enhance efficiency and effectiveness. IoT sensors enable real-time monitoring of filtration equipment, allowing for predictive maintenance and minimizing downtime. AI algorithms analyze vast amounts of data to optimize filtration processes, improving filtration accuracy and reducing energy consumption. This trend towards smart filtration systems not only improves performance but also lowers operational costs and enhances overall sustainability in industrial settings.

COVID-19 Impact

The COVID-19 pandemic significantly impacted the industrial filtration market, causing both short-term disruptions and long-term. Initially, the widespread lockdown measures and economic slowdown led to a decrease in industrial activity across various sectors, resulting in reduced demand for filtration products and services. Many manufacturing facilities either halted or scaled back operations, leading to a decline in the need for filtration systems. 
However, as the pandemic progressed, industries such as healthcare, pharmaceuticals, and food processing experienced heightened demand for filtration solutions to ensure product safety and maintain clean environments. This surge in demand for filtration products, particularly in critical sectors, partly offset the overall market downturn. Moreover, the pandemic underscored the importance of robust filtration systems in preventing the spread of airborne contaminants and pathogens, leading to increased awareness and investments in advanced filtration technologies. Furthermore, the emphasis on workplace safety and hygiene standards prompted many industries to upgrade their filtration infrastructure, driving the adoption of high-efficiency particulate air (HEPA) filters and other advanced filtration solutions. 
Overall, while COVID-19 initially disrupted the industrial filtration market, it also catalyzed changes in industry practices and stimulated innovation in filtration technologies to adapt to the evolving needs of a post-pandemic world.

Report Coverage

The report: “Industrial Filtration Market - Forecast (2024 - 2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Industrial Filtration Industry.
By Technology: Air Filtration (Mechanical, Electronic) and Liquid Filtration. (Pressure, Gravity, Vacuum, Centrifugal and Others)
By Type: Liquid Filtration (Filter Press, Cartridge Filters, Drum Filter, Depth Filter, Bag Filter, Clean in Place and Others) and Air Filtration (HEPA, ULPA, PTFE Membrane, Bag Filters, Electrostatic Precipitator and Others)
By Filter: Activated Carbon/Charcoal, Metal, Non-Woven Fabrics, Filter Paper, Fiber Glass and Others
By End Use: Chemical and Petrochemical, Automotive, Metal and Mining, Food and Beverages, Pulp and Paper, Energy and Power, Water and Wastewater and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

APAC dominated the Industrial Filtration market in 2023 owing to rapid industrialization and high investments in adopting the filtration equipment.
Increasing adoption of bag filters for large scale industries applications to remove suspended solids from liquids is set to boost the industrial filtration market. 
Stringent regulations to minimize air and water pollutions due to emission of ozone gases, industrial waste is also propelling the industrial filtration industry.
Adoption of activated carbon filters in water treatment industry for removing chlorine, and other effluents has been driving the industrial filtration market.


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Industrial Filtration Market Segment Analysis – By Technology
Liquid Filtration held the major market share of 53.6% in 2023. Stringent government regulations in order to filter the water that is discharged from industries and high investments for adoption of this filters has been driving the industrial filtration market. Growing demand for filter press and bag filter solutions as liquid centrifugal filtration systems for zero emission and zero discharge from manufacturing and other industries. Additionally, the adoption of advanced equipment in water and waste water treatment industry is likely to push the liquid filtrations systems thereby driving the market.

Industrial Filtration Market Segment Analysis – By End User
Oil & Gas is the key end user in Industrial Filtration market and estimated to grow at a CAGR of 3.1% in forecast period 2024 - 2030. Adoption of filtration systems in oil and gas industry for upstream, middle stream, and downstream applications is poised to drive the market as it assists in reducing operating costs and improving process efficiency. As separation of oil, gas, water and the removal of solids contaminants is essential, there is high requirement of activated carbon-based centrifugal filtration systems. Development of advanced equipment and replacement with new equipment set to create opportunities for the industrial filtration industry.

Industrial Filtration Market Segment Analysis – By Geography
APAC dominated the Industrial Filtration market in 2023 with a market share of 38.7%, followed by North America and Europe. High adoption of industrial filters in APAC countries such as China, Japan, India and others countries is set to drive the industrial filtration industry as they have a greater number of industries, especially in China as it is the manufacturing hub for various industries. Additionally various government initiatives have been pushing the industrial centrifugal filtration systems industry. For instance, the Indian Government has taken some initiatives such as Waste to Energy Programme in 2022, and the ongoing Swachh Bharat Mission to curb the pollution from industries which set to drive the industrial filtration systems.

Industrial Filtration Market Drivers

Enforcement of strict regulations:
Implementation of strict regulations due to rising environmental concerns compel industries to install air and liquid filtration equipment. Stringent government regulations regarding limitation of the emissions levels that are supporting the use of industrial filtration systems have been driving the market across global level. For instance, in India, the Ministry of Environment, Forest, and Climate Change introduced the "Hazardous and Other Wastes (Management and Transboundary Movement) Second Amendment Rules, 2023," on the 18th of September 2023, which aimed to secure and comply with sustainable management. In addition, the measures by various countries governments for addressing venting and flaring that comes from the upstream oil and gas operations which further drives the air filtration market growth, especially activated carbon-based filters.

Rapid Industrialization and Increasing funding activities:
Increasing industrialization activities and increasing funding for industrial filtration startups and development of new products with advanced technologies. For instance, in India, the Ministry of Environment, Forest, and Climate Change introduced the "Hazardous and Other Wastes (Management and Transboundary Movement) Second Amendment Rules, 2023," on the 18th of September 2023, which aimed to secure and comply with sustainable management. In addition to these, many research and development activities are going on development of industrial filters with advanced features. 

Industrial Filtration Market Challenges

Heavy Equipment and High Costs:
One of the major challenges in heavy size and its high cost. For example, an industrial waste filter prices range from US$60,000 to US$4 million. In addition to this, the maintenance of industrial filtration systems is difficult as they can’t handle continuous work when the system is not self-cleaned and blocked by waste particles. High capital and maintenance cost hampers the growth of the industrial filtration market. However, replacement of traditional filters with advanced featured filters set to provide opportunities for industrial filtration market during forecast period.

Industrial Filtration Industry Outlook
Product Launches, acquisitions and R&D activities are key strategies adopted by players in the Industrial Filtration market. The key companies in the Industrial Filtration market are:
1. Alfa Laval
3. Parker Hannifin Corp
4. Donaldson
5. Ahlstrom-Munksjo Oyj
6. Freudenberg Filtration Technologies 
7. Danaher Corporation (Pall Corporation)
8. Eaton
9. 3M
10. Foxconn (Sharp Corporation)

Recent Developments

In July 2023 Pall Corporation, a globally recognized leader in industrial filtration, separation, and purification technology, will unveil its latest filtration and purification technology at SEMICON West. This strategic move aligns with the surging demand for advanced chips, driven by the widespread adoption of 5G, AI, and IoT devices, emphasizing enhanced performance and energy efficiency.
In October 2023, MANN+HUMMEL Group, a renowned provider of filtration solutions, announced its acquisition of a majority stake in Suzhou U-Air Environmental Technology. This strategic initiative responds to the escalating global need for cleaner air solutions, aiming to fortify MANN+HUMMEL's foothold in the Chinese and Southeast Asian air filtration market. The acquisition enables MANN+HUMMEL to broaden its product portfolio and cater to the increasing demand for air filtration solutions in the region.
January 2023 witnessed MANN+HUMMEL Group's strategic investment in M-Filter Group, a prominent filter manufacturing company operating in Northern and Eastern Europe. Established in 1962, M-Filter Group boasts multiple production facilities in Finland and Lithuania, specializing in various filtration sectors, including air ventilation, HEPA, and engine oil/hydraulic filters. This strategic investment empowers MANN+HUMMEL to enrich its product offerings in the commercial and residential HVAC market by incorporating the Filterpak brand.

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1. Industrial Filtration - Market Overview
2. Executive Summary
3. Industrial Filtration – Market Landscape
    3.1  Market Share Analysis
    3.2  Comparative Analysis
    3.3  Product Benchmarking
    3.4  End user profiling
    3.5  Top 5 Financials Analysis
4. Industrial Filtration – Market Forces
    4.1 Market Drivers 
    4.2 Market Constraints
    4.3 Market Challenges
    4.4 Attractiveness of the Industry
        4.4.1 Power of Suppliers
        4.4.2 Power of Customers
        4.4.3 Threat of New entrants
        4.4.4 Threat of Substitution
        4.4.5 Degree of Competition
5. Industrial Filtration - Market Strategic Analysis
    5.1 Value Chain Analysis
    5.2 Pricing Analysis
    5.3 Market Trends and Opportunities Analysis
    5.4 Product/Market Life Cycle Analysis
    5.5 Regulations and Legislation
    5.6 Infrastructure Investments
    5.7 Economic Factors Analysis
6. Industrial Filtration – By Technology
    6.1 Liquid Filtration
        6.1.1Pressure Filtration
        6.1.2 Centrifugal Filtration
        6.1.3 Gravity Filtration
        6.1.4 Vacuum Filtration
        6.1.5 Others
    6.2 Air Filtration
        6.2.1 Mechanical
        6.2.2 Electronic
7. Industrial Filtration – By Type
    7.1 Liquid Filtration
        7.1.1 Filter Press
        7.1.2 Cartridge Filters
        7.1.3 Clean-In-Place
        7.1.4 Bag Filters
        7.1.5 Drum Filter
        7.1.6 Depth Filter
        7.1.7 Others
    7.2. Air Filtration
        7.2.1 Hepa
        7.2.2 Ulpa
        7.2.3 PTFE Membrane
        7.2.4 Bag Filters
        7.2.5 Electrostatic Precipitator
        7.2.6 Others
8. Industrial Filtration – By Filter Type
    8.1 Activated Carbon/Charcoal 
    8.2 Fiber Glass 
    8.3 Filter Paper 
    8.4 Metal 
    8.5 Non-Woven Fabric 
    8.6 Others
9. Industrial Filtration – By End User
    9.1 Manufacturing
    9.2 Power Generation
    9.3 Oil & Gas
    9.4 Chemicals
    9.5 Pharmaceuticals
    9.6 Metal & Mining
    9.7 Food & Beverage
    9.8 Automotive
    9.9 Others
10. Industrial Filtration – By Region
    10.1 Introduction 
        10.1.1 North America
        10.1.2. South America
   Rest of Americas
        10.1.3. Europe
   Rest of Europe
        10.1.4 Asia-Pacific (APAC)
   South Korea
   Australia & New Zealand
   Rest of APAC
        10.1.5 ROW
   Middle East
11. Industrial Filtration Market Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
    12.1 Company 1
    12.2 Company 2
    12.3 Company 3
    12.4 Company 4
    12.5 Company 5
    12.6 Company 6
    12.7 Company 7
    12.8 Company 8
    12.9 Company 9
    12.10 Company 10