Global Industrial Filtration Market is Set for a Positive Growth Forecast at CAGR of 6.50% till 2023
Bharat Book Bureau Provides the Trending Market Research Report on “Global Industrial Filtration Market, Forecast to 2023” under Heavy Industry category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
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.
Request a free sample copy of Industrial Filtration Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/776396
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).
Click the link below to read the Full report :
https://www.bharatbook.com/MarketReports/Industrial-Filtration-Market-by-Type-Air-and-Liquid-Technology-Product-Filter-Media-Industry-Manufacturing-Power-Generat/776396
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
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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.
Request a free sample copy of Industrial Filtration Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/776396
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).
Click the link below to read the Full report :
https://www.bharatbook.com/MarketReports/Industrial-Filtration-Market-by-Type-Air-and-Liquid-Technology-Product-Filter-Media-Industry-Manufacturing-Power-Generat/776396
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
Follow us on : Twitter, Facebook, LinkedIn, Google Plus
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